2025-07-28T15:46:10-05:00 2024-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 2707 COLBY AVENUE SUITE 801 EVERETT WA 98201 990 2023-10-01 911866831 ARTSFUND FOUNDATION ARTS 2062819050 PO BOX 19780 SEATTLE WA 981096780 MICHAEL GREER PRESIDENT & CEO 2062819050 2025-07-28 1 1 MAGGIE ELLIOTT P01790721 4252597227 2025-07-28 2023 2025-03-06 01:10:19Z MICHAEL GREER 100 W HARRISON ST S-150 SEATTLE WA 98119 15180017 0 X N/A X 1997 WA TO SUPPORT THE ACTIVITIES OF AND FOR THE BENEFIT OF ARTSFUND. 6 6 0 6 0 0 0 5494848 0 0 2387256 2076867 0 0 2387256 7571715 876400 1352212 0 0 0 0 0 0 0 133843 142304 1010243 1494516 1377013 6077199 28485479 38786569 0 0 28485479 38786569 THE ARTSFUND FOUNDATION WAS CREATED TO SUPPORT THE ACTIVITIES OF AND FOR THE BENEFIT OF ARTSFUND, AN ORGANIZATION DESCRIBED IN CODE SECTION 501(C)(3). 0 0 1352212 1352212 ARTSFUND FOUNDATION PROVIDES MANAGEMENT OF ENDOWMENT FUNDS FOR ARTSFUND, A SEPARATE IRS SECTION 501(C)(3) ORGANIZATION. ARTSFUND PROVIDES OPERATING GRANTS TO IRS SECTION 501(C)(3) NONPROFIT ARTS ORGANIZATIONS. ARTSFUND FOUNDATION PAID $1,352,212 TO ARTSFUND DURING FISCAL YEAR ENDING SEPTEMBER 30, 2024. 1352212 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MICHAEL GREER 2062819050 100 W HARRISON ST SUITE S-150 SEATTLE WA 98119 X SANDY MCDADE CHAIR 0.50 X X 0 0 0 JUDI BECK VICE CHAIR 0.30 X X 0 0 0 JAMES R DUNCAN SECRETARY 0.30 X X 0 0 0 KEVIN FOX TRUSTEE 0.30 X 0 0 0 MARY PIGOTT TRUSTEE 0.30 X 0 0 0 TONY MILES TRUSTEE 0.30 X 0 0 0 STEPHEN REYNOLDS TRUSTEE (THROUGH 11/2023) 0.30 X 0 0 0 MICHAEL GREER PRESIDENT 0.50 40.00 X 0 299590 33817 0 299590 33817 0 0 1 0 BANK OF AMERICA WEALTH MANAGEMENT 800 5TH AVE SUITE 3300 SEATTLE WA 981043176 INVESTMENT MANAGEMENT 142304 1 5494848 2994848 5494848 773819 773819 8911350 7608302 1303048 1303048 1303048 7571715 0 0 2076867 1352212 1352212 142304 142304 1494516 1352212 142304 0 28485479 38786569 28485479 38786569 0 0 X 12901794 14957877 15583685 23828692 28485479 38786569 28485479 38786569 6077199 4223891 0 X 0 1 X 1 0 X X 1 ARTSFUND 910839644 7 1 1352212 0 1 1352212 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28485479 5494848 6300759 1352212 142304 38786570 26360953 3134772 876400 133846 28485479 32553145 24670 -5162318 880000 174544 26360953 27808362 250000 5508817 866000 148034 32553145 21560654 7022405 1647793 2320000 102490 27808362 0.39000 0.51000 0.10000 0 0 0 X PART V, LINE 4: MANAGEMENT OF FUNDS FOR ARTSFUND ARE FOR THE PURPOSE OF DISTRIBUTING GRANTS TO 501(C)(3) NON-PROFIT ARTS ORGANIZATIONS. PART X, LINE 2: ARTSFUND AND THE FOUNDATION ARE NOT-FOR-PROFIT CORPORATIONS EXEMPT FROM FEDERAL INCOME TAX, EXCEPT FOR UNRELATED BUSINESS INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, ARTSFUND AND THE FOUNDATION HAVE BEEN CLASSIFIED AS ENTITIES THAT ARE NOT PRIVATE FOUNDATIONS WITHIN THE MEANING OF SECTION 509(A) AND QUALIFY FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). UNRELATED BUSINESS INCOME TAX, IF ANY, IS INSIGNIFICANT AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION FILES AN EXEMPT ORGANIZATION RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION. 1 ARTSFUND 100 W HARRISON ST SUITE S-150 SEATTLE WA 98119 910839644 501(C)(3) 1352212 0 GRANTMAKING SUPPORT TO AREA NONPROFIT ARTS AND CULTURAL ORGANIZATIONS. 1 0 PART I, LINE 2: FUNDS TRANSFERRED TO ARTSFUND FOR GRANTS ARE REPORTED TO THE ARTSFUND BOARD IN JUNE AS PART OF THE OVERALL GRANT ALLOCATION PROCESS. 0 0 0 0 0 0 0 0 0 MICHAEL GREER PRESIDENT 0 249968 0 49622 0 0 0 10527 0 23290 0 333407 0 0 PART I, LINE 3 THE ARTSFUND USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION THAT IT PAYS TO MICHAEL GREER: THE BOARD OF TRUSTEES' EXECUTIVE COMMITTEE AND FINANCE COMMITTEE REVIEWS THE PERFORMANCE TO DETERMINE THE PRESIDENT/CEO TOTAL COMPENSATION PACKAGE. THE BOARD VOTES ON THE RECOMMENDED COMPENSATION PACKAGE AND APPROVES MEASURABLE GOALS AND OBJECTIVES FOR THE PRESIDENT/CEO. THIS PROCESS WAS LAST COMPLETED OCTOBER 2023. X 1 2994848 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): AMOUNT IS NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 7A TRUSTEES SHALL BE APPOINTED, AND THE NUMBER OF TRUSTEES DETERMINED, BY THE BOARD OF TRUSTEES OF ARTSFUND FOUNDATION, OR BY ANY COMMITTEE THEREFORE AS DESIGNATED BY THE BOARD OF TRUSTEES OF ARTSFUND FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD IS PROVIDED A COPY OF THE FORM 990 TO REVIEW BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C UPON OR BEFORE ELECTIONS, HIRING, OR APPOINTMENT, THE INDIVIDUAL WILL MAKE A FULL, WRITTEN DISCLOSURE OF INTERESTS, RELATIONSHIPS, AND HOLDINGS THAT COULD POTENTIALLY RESULT IN A CONFLICT OF INTEREST. THIS WRITTEN DISCLOSURE WILL BE KEPT ON FILE, AND THE INDIVIDUAL WILL UPDATE IT AS APPROPRIATE. IN THE COURSE OF MEETINGS OR ACTIVITIES, THE INDIVIDUAL WILL DISCLOSE ANY INTEREST IN A TRANSACTION OR DECISION WHERE THE INDIVIDUAL, FAMILY, OR SIGNIFICANT OTHER, EMPLOYER, OR CLOSE ASSOCIATES WILL RECEIVE A BENEFIT OR GAIN. AFTER DISCLOSURE, THE INDIVIDUAL WILL BE ASKED TO LEAVE THE ROOM FOR THE DISCUSSION AND WILL NOT BE PERMITTED TO VOTE ON THE QUESTION. BOTH THE INDIVIDUAL DISCLOSURE OF THE INTEREST AND ABSENCE FROM THE DISCUSSION WILL BE RECORDED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION HAS NO EMPLOYEES. THE RELATED ORGANIZATION, ARTSFUND, HAS ADOPTED APPROPRIATE POLICIES RELATING TO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL INFORMATION IS CONSOLIDATED WITH ARTSFUND. THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC VIA ARTSFUND'S WEBSITE, WWW.ARTSFUND.ORG. PRINTED COPIES OF THE CONSOLIDATED FINANCIALS ARE AVAILABLE UPON REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ARTSFUND 100 W HARRISON ST SUITE S-150 SEATTLE WA 98119 910839644 SUPPORT OF WA NONPROFIT ORGANIZATIONS WA 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0