{"success":true,"data":{"_id":834240559,"filings":[{"Organization":{"value":null,"Person":["NEIL HAMAMOTO","DAVID HAMAMOTO","MIKE FORMAN","JORDAN HUELSKAMP","ANN HARAKAWA","CHARLIE JARVIS","ALLEN MURABAYASHI"],"Title":["FOUNDER,PRESIDENT,CREATIVE DIRECTOR","VICE PRESIDENT","TREASURER","SECRETARY","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER"],"Hours":[40.0,1.0,1.0,1.0,1.0,1.0,1.0],"Total Compensation":[17704,0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0,0],"Other compensation":[17704,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"To promote the arts and provide support to new, aspiring, or emerging artists.","year":2024,"name":"WORTHLESS FOUNDATION INC","phone":9175763999,"website":"WWW.WORTHLESSSTUDIOS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"NEIL HAMAMOTO","year_formation":2019,"state_legal_domicile":"NY","total_volunteers":6,"tax_period_begin":"2024-01-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"PO BOX 11, NEW YORK, NY, 10013, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":10013},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":7,"Number of independent voting members":6,"Number of employees total":6,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":6,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":977606,"Contributions":{"value":312467,"Other contributions":151517,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":160950,"Related organizations":0},"Program revenue":{"value":55388,"Total revenue":55388,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":583101,"Investment income total":154293,"Net investment gain":428808,"Income from invest bond proceeds":0},"Other revenues":{"value":26650,"Other total":0,"Royalties revenue":0,"Net rental income":26650,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":888906,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":277978,"Current officers":17703,"Disqualified persons":0,"Other salaries and wages":196007,"Pension plan contributions":0,"Other employee benefits":13713,"Payroll taxes":50555},"Other expenses":{"value":610928,"Management services":0,"Legal":39571,"Accounting":18083,"Lobbying services":0,"Investment management fees":8587,"Other services":63249,"Advertising":35965,"Office expenses":29613,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":190070,"Payments to affiliates":0,"Depreciation and depletion":100383,"Insurance":14511,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":91871,"PROGRAM EXPENSES":43786,"OTHER EXPENSES":20574,"UTILITIES":17627,"SUPPLIES":9884},"All other expenses":19025},"Functional Expenses":{"value":null,"Program Service Expenses":552894,"Management And General Expenses":254805,"Fundraising Expenses":81207}},"Assets":{"value":6115991,"Non-interest bearing cash":85915,"Savings and temp cash investments":0,"Pledges and grants receivable":668951,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":5952,"Land, building, equipment":7990,"Investments publicly traded":5347183,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":18832,"Sum of Total Liabilities":0,"Accounts payable, accrued":18832,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":6097159,"Net assets without donor restriction":5368607,"Net assets with donor restriction":728552,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.6219937766198,"percentile":0.5023927964360807},"Fundraising Efficiency":{"score":3.8477840580245544,"percentile":0.15196280327228284},"Operating Margin":{"score":0.09073184902711318,"percentile":0.6068560833101166},"Liabilities to Assets Ratio":{"score":0.0030791412217578474,"percentile":0.5452976567966662},"Operating Reserve Ratio":{"score":6.880357428119509,"percentile":0.8509293874875992},"Officer Compensation Ratio":{"score":0.01991661660513035,"percentile":0.9127731866472418},"Program Expense Growth":{"score":0.26892638898532545,"percentile":0.8498133249243145},"Revenue Growth":{"score":0.15666562497297476,"percentile":0.8563005567701453},"Asset Growth":{"score":0.3428903081294193,"percentile":0.9376311214421109},"Independent Voting Board Pct":{"score":0.8571428571428571,"percentile":0.21680981203217933},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6128165234277425,"percentile":0.6425013843939554}},"source_xml":"202640779349301304_public.xml"},{"Organization":{"value":null,"Person":["NEIL HAMAMOTO","DAVID HAMAMOTO","MIKE FORMAN","JORDAN HUELSKAMP","CHARLIE JARVIS","ALLEN MURABAYASHI","ANN HARAKAWA","MARCIA SANTONI","KATHERINE COOPER"],"Title":["FOUNDER, PRESIDENT & CREATIVE DIR.","VICE PRESIDENT","TREASURER","SECRETARY","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","MANAGING DIRECTOR"],"Hours":[30.0,0.25,0.25,0.25,0.25,0.25,0.25,40.0,40.0],"Total Compensation":[0,0,0,0,0,0,0,192012,99915],"Direct compensation":[0,0,0,0,0,0,0,159651,89118],"Other compensation":[0,0,0,0,0,0,0,32361,10797]},"Basic":{"value":null,"mission":"To promote the arts and provide support to new, aspiring, or emerging artist.","year":2022,"name":"WORTHLESS FOUNDATION INC","phone":9175763999,"website":"WORTHLESSSTUDIOS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"NEIL HAMAMOTO","year_formation":2019,"state_legal_domicile":"NY","total_volunteers":7,"tax_period_begin":"2022-01-01T00:00:00","tax_period_end":"2022-12-31T00:00:00","address":"7 KNICKERBOCKER AVENUE, BROOKLYN, NY, 11237, USA","city":"BROOKLYN","state":"NY","country":"USA","zip_code":11237},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":8,"Number of independent voting members":7,"Number of employees total":10,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":10,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":662563,"Contributions":{"value":541123,"Other contributions":473996,"Contributions from gifts and grants":0,"Fundraising revenue":7627,"Dues":0,"Campaigns":0,"Grant revenue":59500,"Related organizations":0},"Program revenue":{"value":52309,"Total revenue":52309,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":69131,"Investment income total":69131,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":1741558,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":455666,"Current officers":291927,"Disqualified persons":0,"Other salaries and wages":125531,"Pension plan contributions":0,"Other employee benefits":6692,"Payroll taxes":31516},"Other expenses":{"value":1285892,"Management services":0,"Legal":8272,"Accounting":64246,"Lobbying services":0,"Investment management fees":0,"Other services":79729,"Advertising":28275,"Office expenses":29199,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":1004,"Conferences and meetings":0,"Interest":118560,"Payments to affiliates":0,"Depreciation and depletion":144434,"Insurance":48125,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":759592,"OTHER PROGRAM EXPENSES":625448,"MISCELLANEOUS EXP.":75943,"FACILITIES MAINTENANCE":36116,"BANK FEES":22085},"All other expenses":4456},"Functional Expenses":{"value":null,"Program Service Expenses":1001582,"Management And General Expenses":515450,"Fundraising Expenses":224526}},"Assets":{"value":9141108,"Non-interest bearing cash":208142,"Savings and temp cash investments":22329,"Pledges and grants receivable":0,"Accounts receivable":25036,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":28749,"Land, building, equipment":6155980,"Investments publicly traded":2679170,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":21702},"Liabilities":{"value":3275684,"Sum of Total Liabilities":0,"Accounts payable, accrued":361908,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":2913776,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":5865424,"Net assets without donor restriction":5865424,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.5751068870517089,"percentile":0.48936181353870445},"Fundraising Efficiency":{"score":2.4100683217088443,"percentile":0.09082975469399393},"Operating Margin":{"score":-1.6285168353801827,"percentile":0.028423501924621522},"Liabilities to Assets Ratio":{"score":0.358346493663569,"percentile":0.17901993992458617},"Operating Reserve Ratio":{"score":5.248810547796857,"percentile":0.8136037341618537},"Officer Compensation Ratio":{"score":0.1676240469740313,"percentile":0.3738727364988447},"Program Expense Growth":{"score":0.7888592615777245,"percentile":0.9711084223578215},"Revenue Growth":{"score":0.22735974507051154,"percentile":0.9145507469376523},"Asset Growth":{"score":0.9623636733521052,"percentile":0.9962187681095831},"Independent Voting Board Pct":{"score":0.875,"percentile":0.22520058322737488},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.48986165589422265,"percentile":0.2972342318578397}},"source_xml":"202303199349327560_public.xml"},{"Organization":{"value":null,"Person":["NEIL HAMAMOTO","DAVID HAMAMOTO","MIKE FORMAN","JORDAN HUELSKAMP","ANN HARAKAWA","CHARLIE JARVIS","ALLEN MURABAYASHI","MARCIA SANTONI TO APR 2023"],"Title":["FOUNDER,PRESIDENT,CREATIVE DIRECTOR","VICE PRESIDENT","TREASURER","SECRETARY","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","EXECUTIVE DIRECTOR"],"Hours":[30.0,0.25,0.25,0.25,0.25,0.25,0.25,40.0],"Total Compensation":[18550,0,0,0,0,0,0,430750],"Direct compensation":[0,0,0,0,0,0,0,318270],"Other compensation":[18550,0,0,0,0,0,0,112480]},"Basic":{"value":null,"mission":"To promote the arts and provide support to new, aspiring, or emerging artists.","year":2023,"name":"WORTHLESS FOUNDATION INC","phone":9175763999,"website":"WWW.WORTHLESSSTUDIOS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"NEIL HAMAMOTO","year_formation":2019,"state_legal_domicile":"NY","total_volunteers":6,"tax_period_begin":"2023-01-01T00:00:00","tax_period_end":"2023-12-31T00:00:00","address":"PO BOX 11, NEW YORK, NY, 10013, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":10013},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":7,"Number of independent voting members":6,"Number of employees total":13,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":13,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":733409,"Contributions":{"value":443732,"Other contributions":347635,"Contributions from gifts and grants":0,"Fundraising revenue":36097,"Dues":0,"Campaigns":0,"Grant revenue":60000,"Related organizations":0},"Program revenue":{"value":82147,"Total revenue":82147,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":34426,"Investment income total":57689,"Net investment gain":-23263,"Income from invest bond proceeds":0},"Other revenues":{"value":173104,"Other total":0,"Royalties revenue":0,"Net rental income":173104,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":2110083,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":775269,"Current officers":449300,"Disqualified persons":0,"Other salaries and wages":270201,"Pension plan contributions":0,"Other employee benefits":22432,"Payroll taxes":33336},"Other expenses":{"value":1334814,"Management services":0,"Legal":104339,"Accounting":59934,"Lobbying services":0,"Investment management fees":6776,"Other services":146156,"Advertising":62896,"Office expenses":40294,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":251716,"Payments to affiliates":0,"Depreciation and depletion":183709,"Insurance":22963,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":389628,"SETTLEMENT":180000,"PROGRAM EXPENSES":123220,"EVENT EXPENSES":47947,"SUPPLIES":38461},"All other expenses":66403},"Functional Expenses":{"value":null,"Program Service Expenses":741633,"Management And General Expenses":1212151,"Fundraising Expenses":156299}},"Assets":{"value":9011506,"Non-interest bearing cash":292029,"Savings and temp cash investments":0,"Pledges and grants receivable":1111779,"Accounts receivable":14097,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":30328,"Land, building, equipment":6007342,"Investments publicly traded":1555931,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":3067487,"Sum of Total Liabilities":0,"Accounts payable, accrued":226525,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":2840962,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":5944019,"Net assets without donor restriction":4864264,"Net assets with donor restriction":1079755,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.351471008486396,"percentile":0.46044424125736105},"Fundraising Efficiency":{"score":2.8389944913275196,"percentile":0.10815027309026427},"Operating Margin":{"score":-1.8770890458120912,"percentile":0.025602449232974073},"Liabilities to Assets Ratio":{"score":0.34039671060530835,"percentile":0.1856444587559178},"Operating Reserve Ratio":{"score":4.270687930285207,"percentile":0.7802667564490864},"Officer Compensation Ratio":{"score":0.21293001270566134,"percentile":0.2930267290567689},"Program Expense Growth":{"score":0.4429460669126623,"percentile":0.9159850762767127},"Revenue Growth":{"score":0.15502579033223896,"percentile":0.8544091004915939},"Asset Growth":{"score":0.5544109673219133,"percentile":0.9788366522962846},"Independent Voting Board Pct":{"score":0.8571428571428571,"percentile":0.21680981203217933},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.4667831073454671,"percentile":0.24558278835841174}},"source_xml":"202413169349305511_public.xml"},{"Organization":{"value":null,"Person":["NEIL HAMAMOTO","MIKE FORMAN","DAVID HAMAMOTO","ALLEN MURABAYASHI","ANN HARAKAWA","JORDAN HUELSKAMP","KATHERINE COOPER"],"Title":["FOUNDER, PRESIDENT & CREATIVE DIR.","SECRETARY","TREASURER","DIRECTOR","DIRECTOR","DIRECTOR","MANAGING DIRECTOR"],"Hours":[30.0,0.25,0.25,0.25,0.25,0.25,40.0],"Total Compensation":[0,0,0,0,0,0,28900],"Direct compensation":[0,0,0,0,0,0,28900],"Other compensation":[0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"To promote the arts and provide support to new, aspiring, or emerging artist.","year":2020,"name":"WORTHLESS FOUNDATION INC","phone":9175763999,"website":"WORTHLESSSTUDIOS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"NEIL HAMAMOTO","year_formation":2019,"state_legal_domicile":"NY","total_volunteers":6,"tax_period_begin":"2020-01-01T00:00:00","tax_period_end":"2020-12-31T00:00:00","address":"16 DESBROSSES ST NO 1N, NEW YORK, NY, 100131777, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":100131777},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":6,"Number of independent voting members":6,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":860043,"Contributions":{"value":854405,"Other contributions":854405,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":5634,"Total revenue":5634,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":4,"Investment income total":4,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":146758,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":28900,"Current officers":28900,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":117858,"Management services":0,"Legal":15949,"Accounting":11980,"Lobbying services":0,"Investment management fees":0,"Other services":68264,"Advertising":1508,"Office expenses":3849,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":806,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":15502,"PROGRAM EXPENSES OTHER":9535,"SUPPLIES":3366,"BANK FEES":2056,"MEALS AND ENTERTAINMENT":545},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":94507,"Management And General Expenses":47136,"Fundraising Expenses":5115}},"Assets":{"value":757758,"Non-interest bearing cash":105179,"Savings and temp cash investments":649829,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":2750,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":14855,"Sum of Total Liabilities":0,"Accounts payable, accrued":14855,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":742903,"Net assets without donor restriction":742903,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.6439648945883699,"percentile":0.5101183810912489},"Fundraising Efficiency":{"score":167.03910068426197,"percentile":0.9085836460742495},"Operating Margin":{"score":0.8293596948059574,"percentile":0.9761549512409514},"Liabilities to Assets Ratio":{"score":0.019603884089643395,"percentile":0.45891384930018536},"Operating Reserve Ratio":{"score":5.163316480191881,"percentile":0.8111014399205863},"Officer Compensation Ratio":{"score":0.1969228253314981,"percentile":0.3191912078208705},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.7322146420550656,"percentile":0.8961477550819608}},"source_xml":"202103129349303410_public.xml"},{"Organization":{"value":null,"Person":["NEIL HAMAMOTO","DAVID HAMAMOTO","MIKE FORMAN","ALLEN MURABAYASHI","ANN HARAKAWA","JORDAN HUELSKAMP"],"Title":["FOUNDER & DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR"],"Hours":[30.0,0.25,0.25,0.25,0.25,0.25],"Total Compensation":[0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0],"Other compensation":[0,0,0,0,0,0]},"Basic":{"value":null,"mission":"To promote the arts and provide support to new, aspiring, or emerging artists.","year":2019,"name":"WORTHLESS FOUNDATION INC","phone":9736051040,"website":"WWW.WORTHLESSSTUDIOS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"NEIL HAMAMOTO","year_formation":2019,"state_legal_domicile":"NY","total_volunteers":1,"tax_period_begin":"2019-04-01T00:00:00","tax_period_end":"2019-12-31T00:00:00","address":"16 DESBROSSES ST NO 1N, NEW YORK, NY, 10013, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":10013},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":6,"Number of independent voting members":6,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":165435,"Contributions":{"value":157981,"Other contributions":150186,"Contributions from gifts and grants":0,"Fundraising revenue":7795,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":7454,"Total revenue":7454,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":135817,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":135817,"Management services":0,"Legal":21243,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":45615,"Advertising":2747,"Office expenses":983,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":29728,"Conferences and meetings":0,"Interest":1243,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":10786,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":23472,"FREE FILM TOUR SUPPLIES":19066,"MISCELLANEOUS":3430,"BANK FEES":976},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":114345,"Management And General Expenses":21472,"Fundraising Expenses":0}},"Assets":{"value":57905,"Non-interest bearing cash":57905,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":28287,"Sum of Total Liabilities":0,"Accounts payable, accrued":28287,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":29618,"Net assets without donor restriction":29618,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8419049161739693,"percentile":0.6812819717561003},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.17903103938102577,"percentile":0.7340916330577159},"Liabilities to Assets Ratio":{"score":0.4885070373888265,"percentile":0.13855752638746183},"Operating Reserve Ratio":{"score":0.42634574464168695,"percentile":0.21957278307380435},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6739911295720714,"percentile":0.7979298785713015}},"source_xml":"202003219349307690_public.xml"}],"Latest":{"Organization":{"value":null,"Person":["NEIL HAMAMOTO","DAVID HAMAMOTO","MIKE FORMAN","JORDAN HUELSKAMP","ANN HARAKAWA","CHARLIE JARVIS","ALLEN MURABAYASHI"],"Title":["FOUNDER,PRESIDENT,CREATIVE DIRECTOR","VICE PRESIDENT","TREASURER","SECRETARY","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER"],"Hours":[40.0,1.0,1.0,1.0,1.0,1.0,1.0],"Total Compensation":[17704,0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0,0],"Other compensation":[17704,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"To promote the arts and provide support to new, aspiring, or emerging artists.","year":2024,"name":"WORTHLESS FOUNDATION INC","phone":9175763999,"website":"WWW.WORTHLESSSTUDIOS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"NEIL HAMAMOTO","year_formation":2019,"state_legal_domicile":"NY","total_volunteers":6,"tax_period_begin":"2024-01-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"PO BOX 11, NEW YORK, NY, 10013, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":10013},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":7,"Number of independent voting members":6,"Number of employees total":6,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":6,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":977606,"Contributions":{"value":312467,"Other contributions":151517,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":160950,"Related organizations":0},"Program revenue":{"value":55388,"Total revenue":55388,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":583101,"Investment income total":154293,"Net investment gain":428808,"Income from invest bond proceeds":0},"Other revenues":{"value":26650,"Other total":0,"Royalties revenue":0,"Net rental income":26650,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":888906,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":277978,"Current officers":17703,"Disqualified persons":0,"Other salaries and wages":196007,"Pension plan contributions":0,"Other employee benefits":13713,"Payroll taxes":50555},"Other expenses":{"value":610928,"Management services":0,"Legal":39571,"Accounting":18083,"Lobbying services":0,"Investment management fees":8587,"Other services":63249,"Advertising":35965,"Office expenses":29613,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":190070,"Payments to affiliates":0,"Depreciation and depletion":100383,"Insurance":14511,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":91871,"PROGRAM EXPENSES":43786,"OTHER EXPENSES":20574,"UTILITIES":17627,"SUPPLIES":9884},"All other expenses":19025},"Functional Expenses":{"value":null,"Program Service Expenses":552894,"Management And General Expenses":254805,"Fundraising Expenses":81207}},"Assets":{"value":6115991,"Non-interest bearing cash":85915,"Savings and temp cash investments":0,"Pledges and grants receivable":668951,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":5952,"Land, building, equipment":7990,"Investments publicly traded":5347183,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":18832,"Sum of Total Liabilities":0,"Accounts payable, accrued":18832,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":6097159,"Net assets without donor restriction":5368607,"Net assets with donor restriction":728552,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.6219937766198,"percentile":0.5023927964360807},"Fundraising Efficiency":{"score":3.8477840580245544,"percentile":0.15196280327228284},"Operating Margin":{"score":0.09073184902711318,"percentile":0.6068560833101166},"Liabilities to Assets Ratio":{"score":0.0030791412217578474,"percentile":0.5452976567966662},"Operating Reserve Ratio":{"score":6.880357428119509,"percentile":0.8509293874875992},"Officer Compensation Ratio":{"score":0.01991661660513035,"percentile":0.9127731866472418},"Program Expense Growth":{"score":0.26892638898532545,"percentile":0.8498133249243145},"Revenue Growth":{"score":0.15666562497297476,"percentile":0.8563005567701453},"Asset Growth":{"score":0.3428903081294193,"percentile":0.9376311214421109},"Independent Voting Board Pct":{"score":0.8571428571428571,"percentile":0.21680981203217933},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6128165234277425,"percentile":0.6425013843939554}},"source_xml":"202640779349301304_public.xml"},"sector":"Arts, Culture, and Humanities","donation_categories":[],"zakat_policy":null},"error":null}