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Art Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Arts Education (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$531k (2024)

Expenses
$549k (2024)

Total Assets
$112k (2024)

Total Liabilities
$1.47k (2024)

Source: Form 990 tax filings from 2018 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$531,066
Expenses
$549,192
Net Income
-$18,126
Net Assets
$110,371
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $528,225
99.5%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $537,871
97.9%
Compensation of Officers* $1,000
0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $111,844
Total Liabilities $1,473
Net Assets $110,371
Compensation
Key Employees and Officers Compensation Other
Efe Ozmen (Exhibitions Manager) $81,989 $0
Tugce H Ozmen (Creative Lead) $81,989 $0
Maxine R Schoefer Wulf (Deputy Director) $79,200 $0
Drew Heitzler (Chief Financial Officer) $1,000 $0
Ipek Saygi (Chairman Of The Board And President) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$483,948
Expenses
$572,142
Net Income
-$88,194
Net Assets
$128,497
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $476,025
98.4%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $554,052
96.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $136,276
Total Liabilities $7,779
Net Assets $128,497
Compensation
Key Employees and Officers Compensation Other
Maxine R Schoefer Wulf (Deputy Director) $87,994 $0
Efe Ozmen (Exhibitions Manager) $80,989 $0
Tugce H Ozmen (Creative Lead) $80,989 $0
Ipek Saygi (Chairman Of The Board And President) $0 $0
Drew Heitzler (Chief Financial Officer) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$524,249
Expenses
$449,895
Net Income
$74,354
Net Assets
$216,691
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $523,918
99.9%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $439,380
97.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $219,743
Total Liabilities $3,052
Net Assets $216,691
Compensation
Key Employees and Officers Compensation Other
Maxine R Schoefer Wulf (Deputy Director) $71,589 $0
Efe Ozmen (Exhibitions Manager) $68,378 $0
Tugce H Ozmen (Creative Lead) $68,378 $0
Ipek Saygi (Chairman Of The Board And) $0 $0
Drew Heitzler (Chief Financial Officer An) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$320,645
Expenses
$381,972
Net Income
-$61,327
Net Assets
$142,337
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $349,155
> 100%
Interest Revenue $0
Dividends $0
Sales of Assets -$29,773
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $370,322
97.0%
Compensation of Officers* $1,000
0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $144,702
Total Liabilities $2,365
Net Assets $142,337
Compensation
Key Employees and Officers Compensation Other
Drew Heitzler (Chief Financial Officer An) $1,000 $0
Ipek Saygi (Chairman Of The Board And) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$445,411
Expenses
$296,387
Net Income
$149,024
Net Assets
$203,664
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $445,350
100.0%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $284,779
96.1%
Compensation of Officers* $1,000
0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $208,793
Total Liabilities $5,129
Net Assets $203,664
Compensation
Key Employees and Officers Compensation Other
Drew Heitzler (Chief Financial Officer An) $1,000 $0
Ipek Saygi (Chairman Of The Board And) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$218,043
Expenses
$237,112
Net Income
-$19,069
Net Assets
$54,640
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $217,500
99.8%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $234,179
98.8%
Compensation of Officers* $30,000
12.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $56,411
Total Liabilities $1,771
Net Assets $54,640
Compensation
Key Employees and Officers Compensation Other
Drew Heitzler (Chief Financial Officer An) $30,000 $0
Ipek Saygi (Chairman Of The Board And) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$117,000
Expenses
$43,291
Net Income
$73,709
Net Assets
$73,709
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $117,000
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $43,291
100%
Compensation of Officers* $5,000
11.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $73,709
Total Liabilities $0
Net Assets $73,709
Compensation
Key Employees and Officers Compensation Other
Drew Heitzler (Chief Financial Officer And Secretary) $5,000 $0
Ipek Saygi (Chairman Of The Board And President) $0 $0

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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