FUND FOR THE ARTS INC

EIN: 610479626 501(c)(3) Arts, Culture & Humanities

Louisville, KY

Total Revenue
$5,294,543
Total Expenses
$5,317,905
Total Assets
$7,760,688
Net Assets
$7,324,666
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
KY
Principal Officer
Andre Guess
Phone
5025820100
Tax Period
2024-07-01 to 2025-06-30

FUND FOR THE ARTS INC, founded in 1945, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.3M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

Vision Statement: We envision a healthy and vibrant community where everyone embraces the art that exists in our lives every day, everyone contributes to the well-being of our arts community, and it is understood that everyone belongs to the arts community. Mission Statement: We contribute to the overall health and well-being of our community by generating resources for, investing in, and supporting our local arts, artists and arts organizations.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,871,389
Program Service Revenue $0
Investment Income $1,419,729
Other Revenue $3,425
TOTAL REVENUE $5,294,543

Expense Breakdown

Grants Paid $3,468,968
Salaries & Benefits $1,397,377
Fundraising Expenses $719,940
Program Expenses $4,288,884
Other Expenses $451,560
TOTAL EXPENSES $5,317,905

Year-over-Year Comparison

2024 2023 Change
Revenue $5,294,543 $6,517,943 -0.2%
Expenses $5,317,905 $6,063,765 -0.1%
Net Income $-23,362 $454,178 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
34
Independent Members
34
Employees
19
Volunteers
75

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$299,908
Total Directors
41
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andre Guess President & CEO 40
Officer
$188,978 $16,807 $205,785
Janie Buckler CFO/COO 40
Officer
$84,465 $9,658 $94,123
Kendrick Vaughn Board Member 1
Director
$0 $0 $0
Phillip Poindexter Board Member 1
Director
$0 $0 $0
James Allen Board Member 1
Director
$0 $0 $0
Josh Andersen Board Member 1
Director
$0 $0 $0
Cleo Battle Board Member 1
Director
$0 $0 $0
Neville Blakemore Board Member 1
Director
$0 $0 $0
Kristen Byrd Chair Investment Committee 1
Director
$0 $0 $0
Carolle Jones Clay Chair Governance & Nominating 1
Director
$0 $0 $0
Charlie Farnsley Board Member 1
Director
$0 $0 $0
Erica Fields Board Member 1
Director
$0 $0 $0
Jon Goldberg Board Member 1
Director
$0 $0 $0
Kim Halbauer Board Member 1
Director
$0 $0 $0
Todd Klimek Board Member 1
Director
$0 $0 $0
Mark Kull Board Member 1
Director
$0 $0 $0
Brent McKim Board Member 1
Director
$0 $0 $0
Yamilca Rodriguez Board Member 1
Director
$0 $0 $0
Paul Thompson Board Member 1
Director
$0 $0 $0
David Wombwell Board Member 1
Director
$0 $0 $0
Terry Wright Board Member 1
Director
$0 $0 $0
Victoria Russell Board Member 1
Director
$0 $0 $0
Scott Schaftlein Incoming Board Chair 1
Director
$0 $0 $0
Linda Schuster Board Member 1
Director
$0 $0 $0
Nicole Yates Board Chair 1
Director
$0 $0 $0
Regina Blake Board Member 1
Director
$0 $0 $0
Lalania Gilkey-Johnson Board Member 1
Director
$0 $0 $0
DeVone Holt Board Member 1
Director
$0 $0 $0
Leyla Touma-Dailey Board Member 1
Director
$0 $0 $0
Aaron Marcus Chair Community Investment & Support 1
Director
$0 $0 $0
Mark Wheeler Board Member, Emeritus 1
Director
$0 $0 $0
Kellie Watson Chair Equity Committee 1
Director
$0 $0 $0
Mary Beth Warner Board Member 1
Director
$0 $0 $0
Larry Schwartz Chair Finance & Audit Committee 1
Director
$0 $0 $0
Carl Thomas Board Member, Emeritus 1
Director
$0 $0 $0
Ed Glasscock Board Member, Emeritus 1
Director
$0 $0 $0
Margaret Cotter Board Member 1
Director
$0 $0 $0
Gregory T Dutton Board Member 1
Director
$0 $0 $0
Alp Kayabasi Board Member 1
Director
$0 $0 $0
Lynn Moore Board Member 1
Director
$0 $0 $0
Sean O Mahoney Board Member 1
Director
$0 $0 $0
Andrea Strange Board Member 1
Director
$0 $0 $0
Dayna Touron Board Member 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $5,294,543 $5,317,905 $7,760,688 $-23,362
2024 $6,517,943 $6,063,765 $8,322,635 $454,178
2023 $5,743,197 $6,442,461 $8,780,146 $-699,264
2022 $6,108,558 $6,426,475 $9,833,007 $-317,917
2021 $9,409,352 $6,157,154 $10,378,092 $3,252,198
2020 $6,160,108 $7,595,270 $7,505,695 $-1,435,162
2019 $7,865,560 $8,074,087 $8,988,180 $-208,527
2018 $9,122,454 $4,729,000 $9,855,011 $4,393,454
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