THE POLARIS ART FOUNDATION: Form 990EZ, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- THE POLARIS ART FOUNDATION (EIN 81-5299782)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202503219349209470
- Schema version
- 2024v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T19:36:53-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 660723814 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LPG CPA PSC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 624 AVE ESCORIAL | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 009204719 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 815299782 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE POLARIS ART FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | POLA | BusinessNameControlTxt |
| Phone | 3235287885 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 604 CALLE HOARE | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00907 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOSHUA HONG | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 3235287885 | PhoneNum |
| Signature | 2025-11-17 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GABRIEL F MENDEZ IGUINA | PreparerPersonNm |
| PTIN | P01507054 | PTIN |
| Phone | 7877931616 | PhoneNum |
| Preparation | 2025-11-17 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Website Address | HTTPS://POLARISART.FOUNDATION | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $75,965 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $72,138 | ContributionsGiftsGrantsEtcAmt |
| Other Revenue Total | $3,827 | OtherRevenueTotalAmt |
| Total Revenue | $75,965 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $1,473 | GrantsAndSimilarAmountsPaidAmt |
| Fees And Other Pymt To Ind Cntrct | $350 | FeesAndOtherPymtToIndCntrctAmt |
| Other Expenses Total | $61,049 | OtherExpensesTotalAmt |
| Total Expenses | $62,872 | TotalExpensesAmt |
| Excess Or Deficit For Year | $13,093 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances EOY | $13,093 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $75,965 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $75,965 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $62,872 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $13,093 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | AT THE POLARIS ART FOUNDATION, WE BELIEVE THAT ART AND CREATIVITY HAVE THE POWER TO ILLUMINATE MINDS, TRANSFORM COMMUNITIES, AND SHAPE A BETTER WORLD. OUR MISSION IS TO NURTURE AND SUPPORT THE CREATIVE SPIRIT THROUGH COLLABORATION, EDUCATION AND MENTORSHIP, GUIDING ASPIRING ARTISTS AND DOSTERING A VIBRANT, INCLUSIVE ART COMMUNITY. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)
| Description Program Srvc AccomDescriptionProgramSrvcAccomTxt | Program Service ExpensesProgramServiceExpensesAmt | Grants And AllocationsGrantsAndAllocationsAmt |
|---|---|---|
| COLLABORATE WITH MUSICIANS, ARTISTS, AND ENGINEERS TO CREATE AN INTERACTIVE ART CAR INSTALLATION THAT SERVES AS A PLATFORM FOR ARTISTIC EXPRESSION AND COMMUNITY ENGAGEMENT. THIS PROGRAM EMPOWERS BOTH ESTABLISHED AND EMERGING ARTISTS BY OFFERING OPPORTUNITIES TO SHOWCASE THEIR WORK IN PUBLIC SPACES, FOSTERING CONNECTIONS BETWEEN ARTISTS AND AUDIENCES. BY FACILITATING COLLABORATIVE PROJECTS, WE AIM TO MAKE ART MORE ACCESSIBLE, ALLOWING DIVERSE AUDIENCES TO ENGAGE WITH CREATIVITY IN IMMERSIVE WAYS AND PROMOTING PERSONAL GROWTH AND A DEEPER APPRECIATION FOR THE ARTS. | $23,431 | |
| EACH YEAR, WE SELECT A DIVERSE GROUP OF ARTISTS THROUGH AN APPLICATION AND INTERVIEW PROCESS TO JOIN OUR ANNUAL CREATIVE WORKSHOP. PARTICIPANTS ARE ENCOURAGED TO INSPIRE AND ENGAGE WITH ONE ANOTHER, FOSTERING A RICH EXCHANGE OF IDEAS. WE PROVIDE ESSENTIAL RESOURCES LIKE WORKSPACE AND MATERIALS, CREATING A SUPPORTIVE ENVIRONMENT FOR ARTISTIC GROWTH. THROUGH DISCUSSIONS, SEMINARS, AND COLLABORATION, WE HELP PARTICIPANTS REFINE THEIR SKILLS AND GROW PERSONALLY AND PROFESSIONALLY. | $29,858 | |
| IN 2024, WE ESTABLISHED A SCHOLARSHIP TO SUPPORT INDIVIDUALS PURSUING CAREERS IN THE ARTS, EMPOWERING THE NEXT GENERATION OF ARTISTS. THIS INITIATIVE HELPS RECIPIENTS FURTHER THEIR EDUCATION, DEVELOP THEIR CREATIVITY, AND ACHIEVE THEIR DREAMS, WHILE REINFORCING OUR MISSION TO | $1,473 | $1,473 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $54,762 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (2 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| JOSHUA HONG | ||
| CEO | 000.00 | $0 |
| MEE YOUNG YUN | ||
| CFO, SECRETA | 000.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MEE YOUNG YUN | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 604 CALLE HOARE | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00907 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3235287885 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $72,138 | CurrentTaxYearAmt |
| Total | $72,138 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $3,827 | CurrentTaxYearAmt |
| Total | $3,827 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $75,965 | CurrentTaxYearAmt |
| Total | $75,965 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $75,965 | PublicSupportTotal509Amt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $3,827 | CurrentTaxYearAmt |
| Total | $3,827 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $79,792 | CurrentTaxYearAmt |
| Total | $79,792 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.95200 | PublicSupportCY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III, LINE 12 | FormAndLineReferenceDesc |
| Explanation | MISCELLANEOUS INCOME 3,827 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990-EZ, PART I, LINE 8 | MISCELLANEOUS INCOME 3,827 TOTAL 3,827 |
| FORM 990-EZ, PART I, LINE 16 | EXPENSES WEBSITE MANAGEMENT 10,536 TRAVEL 1,530 BANK CHARGES 140 STORAGE FEE 1,400 OTHER EXPENSES 36,343 REPAIRS 6,970 TRANSPORT 3,700 SUPPLIES 430 TOTAL 61,049 |
| FORM 990-EZ, PART II, LINE 26 | OTHER LIABILITIES 0 62,872 |
| FORM 990-EZ, PART III | AT THE POLARIS ART FOUNDATION, WE BELIEVE THAT ART AND CREATIVITY HAVE THE POWER TO ILLUMINATE MINDS, TRANSFORM COMMUNITIES, AND SHAPE A BETTER WORLD. OUR MISSION IS TO NURTURE AND SUPPORT THE CREATIVE SPIRIT THROUGH COLLABORATION, EDUCATION AND MENTORSHIP, GUIDING ASPIRING ARTISTS AND DOSTERING A VIBRANT, INCLUSIVE ART COMMUNITY. |
| FORM 990-EZ, PART III, LINE 28 | COLLABORATE WITH MUSICIANS, ARTISTS, AND ENGINEERS TO CREATE AN INTERACTIVE ART CAR INSTALLATION THAT SERVES AS A PLATFORM FOR ARTISTIC EXPRESSION AND COMMUNITY ENGAGEMENT. THIS PROGRAM EMPOWERS BOTH ESTABLISHED AND EMERGING ARTISTS BY OFFERING OPPORTUNITIES TO SHOWCASE THEIR WORK IN PUBLIC SPACES, FOSTERING CONNECTIONS BETWEEN ARTISTS AND AUDIENCES. BY FACILITATING COLLABORATIVE PROJECTS, WE AIM TO MAKE ART MORE ACCESSIBLE, ALLOWING DIVERSE AUDIENCES TO ENGAGE WITH CREATIVITY IN IMMERSIVE WAYS AND PROMOTING PERSONAL GROWTH AND A DEEPER APPRECIATION FOR THE ARTS. |
| FORM 990-EZ, PART III, LINE 29 | EACH YEAR, WE SELECT A DIVERSE GROUP OF ARTISTS THROUGH AN APPLICATION AND INTERVIEW PROCESS TO JOIN OUR ANNUAL CREATIVE WORKSHOP. PARTICIPANTS ARE ENCOURAGED TO INSPIRE AND ENGAGE WITH ONE ANOTHER, FOSTERING A RICH EXCHANGE OF IDEAS. WE PROVIDE ESSENTIAL RESOURCES LIKE WORKSPACE AND MATERIALS, CREATING A SUPPORTIVE ENVIRONMENT FOR ARTISTIC GROWTH. THROUGH DISCUSSIONS, SEMINARS, AND COLLABORATION, WE HELP PARTICIPANTS REFINE THEIR SKILLS AND GROW PERSONALLY AND PROFESSIONALLY. |
| FORM 990-EZ, PART III, LINE 30 | IN 2024, WE ESTABLISHED A SCHOLARSHIP TO SUPPORT INDIVIDUALS PURSUING CAREERS IN THE ARTS, EMPOWERING THE NEXT GENERATION OF ARTISTS. THIS INITIATIVE HELPS RECIPIENTS FURTHER THEIR EDUCATION, DEVELOP THEIR CREATIVITY, AND ACHIEVE THEIR DREAMS, WHILE REINFORCING OUR MISSION TO |