2020-04-21T21:19:31-05:00 2019-09-30 910189318 MOSS ADAMS LLP 2707 COLBY AVENUE SUITE 801 EVERETT WA 98201 990 2018-10-01 911866831 ARTSFUND FOUNDATION ARTS 2062819050 PO BOX 19780 SEATTLE WA 981096780 SUSAN M COLITON INTERIM PRESIDENT 2062819050 2020-04-21 1 COLLEEN RAMIRES P01251320 4252597227 2020-04-17 67.161.92.235 2020-04-21 15:46:45 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C07EA3D2EFE7589B691C7C6F5A7C1991A329BAB3 2018 2020-09-23 17:36:50Z SUSAN M COLITON 100 W HARRISON ST STE S-150 SEATTLE WA 98119 4071530 0 X N/A X 1997 WA TO SUPPORT THE ACTIVITIES OF AND FOR THE BENEFIT OF ARTSFUND. 9 9 0 9 0 0 1126349 3283 0 0 885930 616166 0 0 2012279 619449 1402200 737700 0 0 0 0 0 0 0 160812 156051 1563012 893751 449267 -274302 21732886 21560654 0 0 21732886 21560654 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 762700 737700 ARTSFUND FOUNDATION PROVIDES MANAGEMENT OF ENDOWMENT FUNDS FOR ARTSFUND, A SEPARATE IRC SECTION 501(C)(3) ORGANIZATION. ARTSFUND PROVIDES OPERATING GRANTS TO IRS SECTION 501(C)(3) NONPROFIT ARTS ORGANIZATIONS. ARTSFUND FOUNDATION PAID $737,700 TO ARTSFUND DURING FISCAL YEAR ENDING SEPTEMBER 30, 2019. 762700 1 0 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 0 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 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 WA X SUSAN M COLITON 2062819050 100 W HARRISON ST STE S-150 SEATTLE WA 98119 JAMES F TUNE CHAIR 1.00 X X 0 0 0 DAVID D BUCK VICE-CHAIR 0.30 0.50 X X 0 0 0 JUDI BECK SECRETARY 0.50 X X 0 0 0 ROD FUJITA TRUSTEE 0.30 1.00 X 0 0 0 STANLEY D SAVAGE TRUSTEE 0.30 0.50 X 0 0 0 JOSHUA GREEN III TRUSTEE 0.30 X 0 0 0 MARY PIGOTT TRUSTEE 0.30 0.50 X 0 0 0 SCOTT REDMAN TRUSTEE 0.30 X 0 0 0 STEVE REYNOLDS TRUSTEE 0.30 0.50 X 0 0 0 MARI HORITA PRESIDENT (THROUGH 1/19) 0.50 55.00 X 0 204900 17075 SANDY MCDADE THROUGH 919 INTERIM PRESIDENT & CEO 0.50 55.00 X 0 0 0 SUSAN COLITON INTERIM PRESIDENT & CEO 0.50 55.00 X 0 0 0 0 204900 17075 1 0 1 0 BANK OF AMERICA 800 5TH AVENUE STE 3300 SEATTLE WA 981043176 INVESTMENT SERVICES 131051 1 3283 3283 516099 516099 3552148 3452081 100067 100067 100067 619449 0 0 616166 737700 737700 131051 131051 25000 25000 893751 762700 131051 0 269669 0 21463217 21560654 21732886 21560654 0 0 X 6215280 6472974 1800360 1407554 13717246 13680126 21732886 21560654 21732886 21560654 -274302 102070 0 X 0 1 X 0 0 X X 1 ARTSFUND 910839644 7 1 726700 0 1 726700 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 21732886 3283 718236 762700 131051 21560654 20627939 1128262 1539697 1427200 135812 21732886 16462462 2404014 2543656 638900 143293 20627939 15667829 200405 1415555 715500 105827 16462462 16740912 2184 -244812 725200 105255 15667829 0.30020 0.63450 0.06530 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) 737700 TRANSFER OF ENDOWMENT FUNDS TO ARTSFUND FOR GRANTS TO NONPROFIT ART 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 MARI HORITA PRESIDENT (THROUGH 1/19) 0 204900 0 0 0 0 0 6041 0 11034 0 221975 0 0 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 15 THE ORGANIZATION HAS NO EMPLOYEES. THE RELATED ORGANIZATION, ARTSFUND, HAS ADOPTED APPROPRIATE POLICIES RELATING TO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 AND FORM 1023 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST STATEMENTS ARE AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON ARTSFUND'S WEBSITE FOR BOARD MEMBERS AND UPON REQUEST. ARTSFUND 100 W HARRISON ST SOUTH TOWER SUITE SEATTLE WA 98119 910839644 PROVIDE GRANTS TO ART GROUPS/ORGANIZATIONS USING ENDOWMENT FUNDS WA 501(C)(3) LINE 7 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0