2025-05-15T18:22:11-04:00 2024-06-30 BDO USA 1601 FORUM PLACE 9TH FLOOR WEST PALM BEACH FL 33401 990 2023-07-01 592141837 NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC % MELISSA DOVAL NATI 3053771140 2100 BISCAYNE BLVD MIAMI FL 33137 MELISSA DOVAL VP, FINANCE & OPS 3053771140 2025-05-15 true true JACOB COOK P01240455 5616881600 2025-05-15 2023 2025-03-06 01:10:19Z YOUNGARTS CLIVE CHANG 2100 BISCAYNE BLVD MIAMI FL 33137 38579655 false X WWW.YOUNGARTS.ORG X 1981 FL IDENTIFY AND ASSIST EMERGING ARTISTS. 24 24 50 29 0 0 10198565 11497477 215553 284469 2322669 1241708 -780095 -619619 11956692 12404035 1079689 1342958 0 0 4619402 4986218 0 0 1342932 4444319 5642834 10143410 11972010 1813282 432025 56119714 60477417 -45825 374661 56165539 60102756 X THE MISSION OF THE NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS, INC. DBA YOUNGARTS IS TO IDENTIFY EXCEPTIONAL YOUNG ARTISTS, AMPLIFY THEIR POTENTIAL AND INVEST IN THEIR LIFELONG CREATIVE FREEDOM. false false 3282125 668500 284469 NFAA ACKNOWLEDGES ARTISTIC EXCELLENCE AND PROVIDES LIFELONG SUPPORT TO YOUNG ARTISTS IN THE LITERARY, VISUAL AND PERFORMING ARTS, INCLUDING CLASSICAL MUSIC, DANCE, DESIGN ARTS, FILM, JAZZ, PHOTOGRAPHY, THEATER, VISUAL ARTS, VOICE AND WRITING. EACH YEAR, MORE THAN 9,000 APPLICANTS SUBMIT FOR THE YOUNGARTS COMPETITION. IN FY2024, 695 ARTISTS ORIGINATING FROM ACROSS THE COUNTRY WERE SELECTED AT THE FINALIST, HONORABLE MENTION AND MERIT AWARD LEVELS. WITHIN THIS TOTAL POOL, 695 CASH AWARDS WERE GRANTED, FOR A TOTAL OF $668,500 IN AWARDS. (CONTINUED ON SCHEDULE O). 1064796 191458 0 PROGRAMS FOR PAST YOUNGARTS WINNERS OFFERED YOUNGARTS ARTISTS SUPPORT TO GROW THEIR CAREERS BEYOND THEIR WINNER YEAR WITHIN THREE FOCUS AREAS: CREATIVE DEVELOPMENT, PROFESSIONAL DEVELOPMENT AND COMMUNITY ENGAGEMENT. THROUGH YEAR-LONG INITIATIVES BOTH IN-PERSON AND VIRTUAL, SOLELY AUTHORIZED BY YOUNGARTS AND ACHIEVED IN PARTNERSHIP WITH COLLEAGUE INSTITUTIONS, PAST WINNERS RECEIVED ACCESS TO FELLOWSHIPS, CREATIVE RESIDENCIES, PERFORMANCE AND EXHIBITION OPPORTUNITIES, 1:1 MENTORSHIPS, AND DISCIPLINE-SPECIFIC AND SKILLS-BASED TRAINING WORKSHOPS (CONTINUED ON SCHEDULE O). 483000 483000 0 PAST WINNERS RECEIVED ACCESS TO MICROGRANTS FOR CREATIVE PROJECT SUPPORT OR EMERGENCY RELIEF. 264 CREATIVE MICROGRANTS AND 65 EMERGENCY MICROGRANTS WERE AWARDED. 4960142 0 0 9790063 true true false false false false false false false true true true false false false true false true false false true false false false true false false false true true false false false false false false false false true false false false false true true true false false true 759 0 true 50 true false false false false false true true false false false false false false X 24 24 false false false false false false false true true false false true true true true true true true true false AL CT FL ME MD NH NC OK PA RI SC UT WA X MELISSA DOVAL 3053771140 2100 BISCAYNE BOULEVARD MIAMI FL 33137 X CLIVE CHANG PRESIDENT 40.0 5.0 X 569242 0 7195 TERESA D SIDES VP OF ADVANCEMENT 40.0 0.0 X 269332 0 84 TANYA REID VP of FINANCE & OPERATIONS 40.0 10.0 X 220338 0 17195 REBEKAH LENGEL VP of STRATEGY & INNOVATION 40.0 0.0 X 202348 0 14707 JOSYBEL MARTINEZ VP of EQUITY, PEOPLE & CULTURE 40.0 0.0 X 177808 0 15931 ANGELA GODING SENIOR DIR., STRATEGIC P'SHIPS 40.0 0.0 X 169299 0 8374 CHRISTOPHER WILLIAMS DIRECTOR OF FINANCE 40.0 0.0 X 143130 0 26016 LEE S COHEN HARE CREATIVE DIRECTOR 40.0 0.0 X 134434 0 14241 SARAH GRAY DIR. OF INSTITUTIONAL GIVING 40.0 0.0 X 123985 0 11540 LISA LEONE CREATIVE PRODUCER 40.0 0.0 X 111059 0 13693 RICH KOHAN PRESIDENT OF THE BOARD 5.0 1.0 X X 0 0 0 SARAH ARISON BOARD CHAIR 5.0 1.0 X X 0 0 0 NATALIE DIGGINS SEC. (THRU 11/23); TRUSTEE 1.0 0.0 X X 0 0 0 ZUZANNA SZADKOWSKI SEC. (AS OF 11/23); TRUSTEE 1.0 0.0 X X 0 0 0 DERRICK ADAMS TRUSTEE 1.0 0.0 X 0 0 0 DOUG BLUSH TRUSTEE 1.0 0.0 X 0 0 0 HAMPTON CARNEY TRUSTEE 1.0 0.0 X 0 0 0 LINDA COLL TRUSTEE 1.0 0.0 X 0 0 0 KRISTY EDMUNDS TRUSTEE 1.0 0.0 X 0 0 0 JONATHAN FLACK TRUSTEE 1.0 0.0 X 0 0 0 DANIELLE GARNO TRUSTEE 1.0 1.0 X 0 0 0 ROSIE GORDON-WALLACE TRUSTEE 1.0 0.0 X 0 0 0 MICHI JIGARJIAN TRUSTEE 1.0 0.0 X 0 0 0 JASON KRAUS TRUSTEE 1.0 0.0 X 0 0 0 STEVEN MARKS TRUSTEE 1.0 0.0 X 0 0 0 LAUREN MATTHIESEN TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL MCELROY TRUSTEE 1.0 0.0 X 0 0 0 DR JOAN MORGAN TRUSTEE 1.0 0.0 X 0 0 0 JOHN JACK O'NEIL TRUSTEE 1.0 0.0 X 0 0 0 GLENDA PEDROSO TRUSTEE 1.0 0.0 X 0 0 0 VICTORIA ROGERS TRUSTEE 1.0 0.0 X 0 0 0 JEAN SHIN TRUSTEE 1.0 0.0 X 0 0 0 SANDRA TAMER TRUSTEE 1.0 0.0 X 0 0 0 MAURICE ZARMATI TRUSTEE 1.0 0.0 X 0 0 0 RICHARD WAGMAN TREASURER 2.0 0.0 X 0 0 0 2120975 0 128976 15 false true false THE METROPOLITAN MUSEUM OF ART 1000 FIFTH AVENUE NEW YORK NY 10028 RECEPTION EVENTS VEN 243631 FINN PARTNERS INC 1675 BROADWAY 10 FL NEW YORK NY 10019 PR CONSULTANCY 168595 RAUL AVILA INC 216 EIGHT AVENUE NEW YORK NY 10011 EVENT DECOR 131459 3 1959700 359871 9177906 100437 11497477 APPLICATION FEES 711190 271311 271311 TICKET SALES/FACILITIES RENTAL 561599 13158 13158 284469 1338923 0 1338923 0 0 0 0 0 25340086 25437301 -97215 -97215 -97215 113200 1959700 738319 -625119 -625119 0 0 0 0 0 0 MISCELLANEOUS 713990 5500 5500 5500 12404035 284469 0 622089 0 1342958 1342958 0 0 1494180 1104230 47160 342790 0 2812848 2079773 87529 645546 73363 53529 3122 16712 280869 204888 12254 63727 324958 246517 12341 66100 0 23871 3711 20160 36017 36017 0 0 152181 152181 925847 814529 111318 0 278022 278022 104829 67506 26471 10852 0 0 173867 120921 21946 31000 1400660 1344455 12223 43982 0 0 0 0 94081 82791 9408 1882 54698 24987 21474 8237 MATERIALS AND SUPPLIES 1068943 895161 117713 56069 PROGRAM & EVENT CONSULTANT 1064802 980783 77900 6119 EQUIPMENT RENTAL 265016 145302 69798 49916 11972010 9790063 839015 1342932 5685164 6703342 1776689 1809310 1290756 1932936 36453 38453 0 0 0 0 0 0 0 0 154536 172504 1470457 1179886 384652 290571 37856130 41502124 8813500 7900757 0 0 0 0 121834 127420 56119714 60477417 -45825 374661 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -45825 374661 X 13021446 14100683 43144093 46002073 56165539 60102756 56119714 60477417 X 432025 3494956 10236 X false true X true false X 10334908 7868940 8758103 8698565 11497477 47157993 0 0 10334908 7868940 8758103 8698565 11497477 47157993 26749791 20408202 831766 631673 604923 998528 1338923 4405813 0 5500 5500 51569306 1049922 0.39574 0.36960 X SCHEDULE A, PART II, SECTION A, LINE 1: UNUSUAL GRANT REPORTING 2022 UNUSUAL GRANT - $1,500,000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47499881 200000 4559662 1950686 50308857 46498913 3228573 2227605 47499881 54614720 1000000 -6829807 2286000 46498913 46919287 9658666 1963233 54614720 47616716 1265271 1962700 46919287 0.12180 0.35120 0.52700 false false 1470457 1179886 290571 290571 ALTERNATIVE INVESTMENTS 7900757 F 7900757 0 0 X SCHEDULE D, PART V, LINE 4: YOUNGARTS HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF INCOME TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS ON AN INFLATION-ADJUSTED BASIS. ENDOWMENT ASSETS INCLDE THOSE ASSETS OF DONOR-SPECIFIED PERIOD(S)AS WELL AS BOARD-DESIGNATED FUNDS. SHEDULE D, PART X, LINE 2: YOUNGARTS RECOGNIZES AND MEASURES TAX POSITIONS BASED ON THEIR TECHNICAL MERIT AND ASSESSES THE LIKELIHOOD THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. INTEREST AND PENALTIES ON TAX LIABILITIES, IF ANY, WOULD BE RECORDED IN INTEREST EXPENSE AND OTHER NON-INTEREST EXPENSE, RESPECTIVELY. THE U.S. FEDERAL JURISDICTION AND FLORIDA ARE THE MAJOR TAX JURISDICTIONS WHERE YOUNGARTS FILES INCOME TAX RETURNS. YOUNGARTS IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2021. Central America and the Caribbean Investments 6697086 6697086 6697086 false false false false false false DAUN LLC FUNDRAISING CONSULTANT false GALA 2072900 1959700 113200 70614 213043 454662 0 2072900 1959700 113200 70614 213043 454662 738319 -625119 true YoungArts Finalists, Hon, Mention & Merit Awards 695 668500 YoungArts Micro & Creative Grant Recipients 329 674458 SCHEDULE I, Part I, LINE 2: CASH AWARDS THAT ARE ISSUED TO YOUNG ARTISTS ARE UNRESTRICTED AND THUS ARE NOT MONITORED. MICRO AND CREATIVE GRANT RECIPIENTS MUST SUBMIT A FINAL REPORT TO SHOW THE FUNDS WERE USED ACCORDING TO THE GRANT APPLICATION. X X X X X false false false false false false false false false CLIVE CHANG PRESIDENT 569242 0 0 0 0 0 0 0 7195 0 576437 0 0 0 TERESA D SIDES VP OF ADVANCEMENT 269332 0 0 0 0 0 0 0 84 0 269416 0 0 0 TANYA REID VP of FINANCE & OPERATIONS 220338 0 0 0 0 0 8821 0 8374 0 237533 0 0 0 REBEKAH LENGEL VP of STRATEGY & INNOVATION 202348 0 0 0 0 0 7041 0 7666 0 217055 0 0 0 JOSYBEL MARTINEZ VP of EQUITY, PEOPLE & CULTURE 177808 0 0 0 0 0 7137 0 8794 0 193739 0 0 0 ANGELA GODING SENIOR DIR., STRATEGIC P'SHIPS 169299 0 0 0 0 0 0 0 8374 0 177673 0 0 0 CHRISTOPHER WILLIAMS DIRECTOR OF FINANCE 143130 0 0 0 0 0 6081 0 19935 0 169146 0 0 0 X 1 100437 FMV 0 false false true Schedule M, Part I, column (b): The organization reports the number of contributions. Schedule M, Part I, Line 32a: The filing organization engaged UBS, a third party investment advisor that assisted with the sale of donated stock. FORM 990, PART III, LINE 4A (CONTINUED): THESE ARTISTS JOINED A COMMUNITY OF MORE THAN 20,000 YOUNGARTS WINNERS WHO HAVE ACCESS TO PROGRAMMING THAT SUPPORTS CREATIVE AND PROFESSIONAL DEVELOPMENT, AS WELL AS MENTORSHIP, FUNDING AND COMMUNITY-BUILDING. NATIONAL YOUNGARTS WEEK AND OTHER WINNER PROGRAMS OFFER CLASSES, PERFORMANCE AND EXHIBITION OPPORTUNITIES, RECOGNITION AND AWARDS. NATIONAL YOUNGARTS WEEK WAS HELD IN-PERSON IN JANUARY 2024 FOR 151 WINNERS AND PROVIDED YOUNG ARTISTS WITH DISCIPLINE-SPECIFIC TRAINING WITH CULTURAL PRACTIONTIONERS, COLLABORATIVE INTERDISCIPLINARY WORKSHOPS AND TIMELY CONVERSATIONS ABOUT COMMUNITY AND INDIVIDUALITY. FORM 990, PART III, LINE 4B (CONTINUED): AND MICROGRANTS FOR CREATIVE PROJECT SUPPORT OR EMERGENCY RELIEF. ARTISTS CONNECT TO THESE OPPORTUNITIES AND TO MORE THAN 5,000 FELLOW YOUNGARTS WINNERS THROUGH A DEDICATED DIGITAL PORTAL. THROUGH THIS RESOURCE AND OTHER PROGRAMS, MORE THAN 1,300 PAST WINNERS PARTICIPATED IN PROGRAMS IN FISCAL YEAR 2024. OVERALL, PROGRAMMING RESULTED IN MORE THAN $1.3 MILLION IN FUNDS DISTRIBUTED TO ARTISTS DURING FY24. Form 990, Part III, Line 4d: OTHER PROGRAMS INCLUDING EXHIBITIONS, PERFORMANCES, RESIDENCIES, MICROGRANTS AND PROFESSIONAL DEVELOPMENT WORKSHOPS. EXPENSES $4,960,142. INCLUDING GRANTS OF $ 0. REVENUE $ 0. Form 990, Part VI, Section A, Line 1: THERE IS AN EXECUTIVE COMMITTEE OF YOUNGARTS WHICH IS COMPRISED OF MEMBERS FROM THE GOVERNING BOARD OF TRUSTEES. THERE ARE FIVE MEMBERS WHO SIT ON THIS COMMITTEE WHICH IS CHAIRED BY THE CHAIR OF THE BOARD OF TRUSTEES. THE MEMBERS OF THE EXECUTIVE COMMITTEE AT THE END OF THE FISCAL YEAR WERE: SARAH ARISON, ZUZANNA SZADKOWSKI, DANIELLE GARNO, RICH KOHAN AND MICHAEL MCELROY. THE MAIN RESPONSIBILITIES ARE TO PROVIDE LEADERSHIP TO THE FULL BOARD OF TRUSTEES AND TO ACT ON BEHALF OF THE BOARD WHEN NECESSARY. THE EXECUTIVE COMMITTEE ALSO OVERSEES THE STRATEGIC PLAN TO ADVANCE THE MISSION OF THE ORGANIZATION. Form 990, Part VI, Section B, Line 11b: THE FORM 990 IS REVIEWED BY EXECUTIVE MANAGEMENT AND CONSULTANTS FROM PRICEWATERHOUSECOOPERS AND APPROVED BEFORE IT IS FILED BY THE INDEPENDENT ACCOUNTANT WHO PREPARED THE RETURN. THE BOARD OF TRUSTEES IS SENT A COPY OF THE FORM 990 BEFORE THE TAX RETURN IS FILED. Form 990, Part VI, Section B, Line 12c: THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO EMPLOYEES AND IS INCLUDED IN THE EMPLOYEE HANDBOOK. ALL EMPLOYEES ACKNOWLEDGE THEIR UNDERSTANDING OF THE POLICY. THE PRESIDENT REITERATES THE POLICY AS DEEMED NECESSARY. THE PRESIDENT DETERMINES WHETHER A CONFLICT EXISTS AND REVIEWS THE CONFLICT. IF A CONFLICT EXISTS, RESTRICTIONS INCLUDE PROHIBITING THE EMPLOYEE FROM PARTICIPATING AND TERMINATION, IF NECESSARY. THE BOARD IS ALSO SUBJECT TO A CONFLICT OF INTEREST POLICY WHICH PROHIBITS TRANSACTIONS OR ARRANGEMENTS THAT MAY PRIVATELY BENEFIT ANY TRUSTEES. Form 990, Part VI, Section B, Lines 15a & b: THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION FOR THE PRESIDENT ANNUALLY AND THESE DELIBERATIONS ARE GUIDED BY COMPENSATION OF COMPARABLE INSTITUTIONS AND THE CURRENT RATE IN THE MARKET TO ATTRACT THE BEST TALENT TO FILL THIS MOST IMPORTANT POSITION. THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES ANNUALLY AND THESE DELIBERATIONS ARE GUIDED BY COMPENSATION OF COMPARABLE INSTITUTIONS. Form 990, Part VI, Section C, Line 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9: CHANGE IN VALUE OF CHARITABLE TRUST: $5,586 PRIOR YEAR GRANT REVERSAL: 4,650 TOTAL OTHER CHANGES IN NET ASSETS: $10,236 NAT YOUNGARTS FDN SUPPORTING ORG INC 2100 BISCAYNE BOULEVARD MIAMI FL 33137 455508211 FUNDRAISING FL 501(C)(3) LINE 12A, I NFAA true false false false true true false false false false false true false false false true false true false false NAT YOUNGARTS FDN SUPPORTING ORG INC O 348701 FMV NAT YOUNGARTS FDN SUPPORTING ORG INC Q 102715 FMV NAT YOUNGARTS FDN SUPPORTING ORG INC D 492844 BOOK NAT YOUNGARTS FDN SUPPORTING ORG INC E 633728 BOOK