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Nonprofit · EIN 84-2280321

FRIENDS OF ARROW STREET ARTS INC

Tax-exempt · BURLINGTON, VT 05401

Financials

$2.7M$468K2022$6.3M$3.7M2023$4.2M$4.7M2024
Revenue Expenses · by fiscal year end
Financials of FRIENDS OF ARROW STREET ARTS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$4,153,372$4,721,156-$567,784$22,417,277$5,291,256$17,126,021
June 30, 2024990$6,252,690$3,715,182$2,537,508$20,064,880$8,532,694$11,532,186
June 30, 2023990$2,657,013$467,591$2,189,422$13,177,259$4,182,581$8,994,678
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$3,806,894
Program service revenue
$293,560
Investment income
$0
Net rental income
$52,767
Other revenue
$52,918

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$559,638
Salaries, compensation and benefits (total)
$635,017
Professional fundraising fees
$0
Legal fees
$54,305
Accounting fees
$43,100
Occupancy
$1,389,280
Travel
$125,328
Depreciation
$818,105
Program services (functional)
$4,492,385
Management and general (functional)
$203,723
Fundraising (functional)
$25,048

Balance sheet and other

Total assets, start of year
$20,064,880
Total assets, end of year
$22,417,277
Total liabilities, end of year
$5,291,256
Net assets, end of year
$17,126,021
Land, buildings and equipment
$4,502,979
Net assets without donor restrictions
$5,350,124
Net assets with donor restrictions
$11,775,897
Gross receipts
$4,153,372
Employees
92
Volunteers
4
Year formed
2019
State of legal domicile
VT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
JAMES SWIFTTREASURER
Trustee or director, Officer
2$15,000
CHRISTOPHER DAVISSECRETARY
Trustee or director, Officer
2$15,000
RENDOL BARLOWDIRECTOR
Trustee or director
2$15,000
DAVID T ALTSHULERPRESIDENT
Officer
10$0
990 for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensation
JAMES SWIFTTREASURER
Trustee or director, Officer
2$15,000
CHRISTOPHER DAVISSECRETARY
Trustee or director, Officer
2$15,000
RENDOL BARLOWDIRECTOR
Trustee or director
2$15,000
DAVID T ALTSHULERPRESIDENT
Officer
10$0
990 for the year ended June 30, 2023: 4 people
NameTitleHours / weekCompensation
DAVID T ALTSHULERPRESIDENT
Trustee or director, Officer
10$0
JAMES SWIFTTREASURER
Trustee or director, Officer
2$0
CHRISTOPHER DAVIDSECRETARY
Trustee or director, Officer
2$0
RENDOL BARLOWDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
209 BATTERY STREET, BURLINGTON, VT 05401-5261
In care of
% DINSE PC
Mailing address (990-N for 2021)
209 Battery Street, Burlington VT 05401
Principal officer (990 for 2024)
DAVID T ALTSHULER, 209 BATTERY STREET, BURLINGTON, VT 05401
Principal officer (990-N for 2021)
Christopher Davis, 210 College Street, Burlington VT 05401
Signed the 990
DAVID T ALTSHULER, PRESIDENT
Phone
(617) 299-2300
Return prepared by
AAFCPAS INC

Mission

FRIENDS OF ARROW STREET ARTS, INC. CURATES AND HOSTS A FULL CALENDAR OF MULTI-DISCIPLINARY ARTISTIC WORK TO ENGAGE, CHALLENGE, AND REIMAGINE PERFORMING ARTS AS A COMMUNITY ASSET AND OFFERS ACCESSIBLE, MULTI-ARTS SPACES AND PRODUCTION SERVICES TO ARTISTS AND ORGANIZATIONS WHO WELCOME, ENGAGE, AND CONNECT THEIR COMMUNITIES THROUGH THE TRANSFORMATIVE POWERS OF LIVE, IN-PERSON PERFORMANCES.

990 for the year ended June 30, 2025

Program accomplishments

  • FRIENDS OF ARROW STREET ARTS, INC. ("FRIENDS") HAS COMPLETED ITS START-UP PHASE AND IS NOW FULLY OPERATIONAL. FRIENDS CURATES AND HOSTS A FULL CALENDAR OF MULTI-DISCIPLINARY ARTISTIC WORK TO ENGAGE, CHALLENGE, AND REIMAGINE PERFORMING ARTS AS A COMMUNITY ASSET AND RENTS ITS SPACE TO ASPIRING AND ACCOMPLISHED PERFORMING ARTISTS AND ARTISTIC COMPANIES (OFTEN ON A DISCOUNTED BASIS) TO PRESENT THEIR WORKS TO THE COMMUNITY. THE VENUE ENCOMPASSES THE FIRST FLOOR OF AN EXISTING FOUR-STORY, 40,000 SF MIXED-USE BUILDING THAT OPENED IN 2005. WITH RENOVATIONS UNDERWAY AND PLANNED BY CHARLES ROSE ARCHITECTS, FRIENDS' 11,500 SF PERFORMANCE FACILITY WILL BE REVITALIZED WITH EXTENSIVE PRODUCTION INVESTMENTS IN TWO FLEXIBLE PERFORMANCE SPACES ALONG WITH OTHER UPGRADES TO ENHANCE THE AUDIENCE AND ARTIST EXPERIENCE ALIKE. A 4,500 SF BLACK BOX THEATER WILL OFFER VARIOUS SEATING CONFIGURATIONS FOR UP TO APPROXIMATELY 300 AUDIENCE MEMBERS; AND A NEW 1,100 SF STREET-FRONT STUDIO EXPANDS THE OVERALL ARTS FOOTPRINT BY ABOUT 10 PERCENT. THE STUDIO SPACE IS EXPECTED TO ACCOMMODATE UP TO 100 PEOPLE. BOTH SPACES WILL SUPPORT REHEARSALS, PERFORMANCES, AND SPECIAL EVENTS ACROSS A RANGE OF ARTISTIC GENRES, INCLUDING THEATER, SPOKEN WORD/ READINGS, DANCE, MUSIC, AND FILM. HIGHLIGHTS OF THE RENOVATIONS INCLUDE:(I) PERFORMANCE/REHEARSAL SPACES: FLEXIBILITY TO ACCOMMODATE MULTIPLE STAGING CONFIGURATIONS FOR USE IN A VARIETY OF CAPACITIES FOR THEATER, DANCE, MUSIC AND MORE; SPRUNG FLOORS FOR DANCE; COMPREHENSIVE, UPDATED LIGHTING, SOUND, PROJECTION, AND VIDEO PRODUCTION CAPACITIES. (II) AUDIENCE EXPERIENCE ENHANCEMENTS: IMPROVED AUDIENCE SEATING WITH OPTIONS TO "RIGHT-SIZE" AUDIENCE SEATING SIZE; UPDATED RESTROOM DESIGNS WITH PRIVATE, ALL-GENDER WATER CLOSETS; CENTRALIZED TICKETING SERVICES; EXPANDED FOOD & BEVERAGE SERVICE. (III) BACKSTAGE/PRODUCTION SUPPORT: ENHANCED DRESSING ROOM CAPACITIES WITH ADDITIONAL OVERFLOW CAPACITIES WHEN NEEDED; ARTISTS' GREEN ROOMS; DEDICATED WARDROBE/COSTUME CENTER WITH LAUNDRY. SINCE THE PROJECT WAS ANNOUNCED PUBLICLY IN JANUARY 2023, FRIENDS HAS ENGAGED WITH OVER 100 ARTISTS AND PRODUCING ORGANIZATIONS ABOUT THE POTENTIAL USE OF THE VENUE.
    Expenses $4,492,385 · revenue $293,711

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
84-2280321
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2019
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$22,417,277
Income (IRS master file)
$4,153,372

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$4,153,372$4,721,156$22,417,277XML
990June 2024$6,252,690$3,715,182$20,064,880XML
990June 2023$2,657,013$467,591$13,177,259XML
990-N for 2021
Officer: Christopher Davis
June 30, 2022≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: Christopher Davis
June 30, 2021≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Christopher Davis
June 30, 2020≤ $50,000 receipts––e-Postcard
990-N for 2018
Officer: Christopher Davis
June 30, 2019≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-2280321).

Questions about FRIENDS OF ARROW STREET ARTS INC

What is the EIN of FRIENDS OF ARROW STREET ARTS INC?
The employer identification number (EIN) of FRIENDS OF ARROW STREET ARTS INC is 84-2280321.
Is FRIENDS OF ARROW STREET ARTS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to FRIENDS OF ARROW STREET ARTS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS OF ARROW STREET ARTS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FRIENDS OF ARROW STREET ARTS INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FRIENDS OF ARROW STREET ARTS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of FRIENDS OF ARROW STREET ARTS INC?
The 990 for the year ended June 30, 2025 names DAVID T ALTSHULER.
Who are the officers and directors of FRIENDS OF ARROW STREET ARTS INC?
The 990 for the year ended June 30, 2025 lists 4 people; 3 received compensation from the organization, the highest $15,000 (JAMES SWIFT, TREASURER).
How much revenue does FRIENDS OF ARROW STREET ARTS INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $4,153,372, expenses of $4,721,156 and total assets of $22,417,277 at year end.

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