Future Arts
Nonprofit profile at a glance
- EIN
- 870950093
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024
- Location
- Seattle, WA, USA
- Phone
- 2067138224
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $130,691
- Expenses
- $100,749
- Assets
- $52,969
- Liabilities
- $4,364
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Julia Bruk (President & Founder)
People named in this filing
- Julia Bruk (President & Founder)
- Anna Czoski (VP/Secretary & Co-Founder)
- Yolekha Mallier (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to cultivate cross-pollination between technology, nature, and the arts. We connect, mentor, commission and develop showcasing opportunities for underserved new media artists.
What it reported doing in 2024
Future Arts is a pioneering women-led new media arts nonprofit organization bringing tech-forward, accessible, and immersive experiences to Seattle and beyond. This year we produced free public showcases, commissioned new artworks, piloted an artist residency program, and debuted a new interactive livestream program (Future Arts LIVE!) that bridges the physical and digital. Over the past 3+ years, we have produced 25+ events that welcomed over 18,000 direct engagements with our artworks in a digital/physical space, with over 350K impressions locally and globally of our digital content storytelling. We have won national awards, shown at international conferences, and created interdisciplinary art-tech programs for youth. We hope to continue uplifting untold stories through technology and changing Seattle's history to become a cultural and arts tech hub, uplifting its rich and vibrant communities.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 100
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 48.2%; rating input score 48
- Program expense ratio: 62.5%; rating input score 63
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 22.9%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 0.53; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 7.5%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 7.5% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 3.7% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 27.8% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 48.2% of revenue deployed · 62.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $63K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- High — Sustainability: Officer compensation ratio scored 22/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.