Fractured Atlas INC

Tax-deductible

New York, NY501(c)(3)Since 2003Arts & CultureEIN 11-3451703Revenue $45.5M in FY2024

On file with the IRSfracturedatlas.org228 Park Ave S 56651, 10003-0103 · New York, NYTax-exempt since Oct 1998Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of Fractured Atlas is to make the journey from inspiration to practice more accessible and equitable for artists and creatives.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 9 volunteers and 21 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $4.3M a year · 13% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$967K
to officers and key staff · 2% of spending
Top officer’s pay lower than 82% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $194K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$58K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45.5M
+8% vs prior year
Spent
$44.8M
To programs
97%
Net assets
$37.9M
By yearFY2020–FY2024
Revenue
$45.5M
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$25.7M
FY2021$28.3M
FY2022$36.4M
FY2023$39.9M
FY2024$42.0M
FY2024$45.5M
Expenses
$44.8M
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$24.0M
FY2021$21.2M
FY2022$30.5M
FY2023$35.8M
FY2024$39.1M
FY2024$44.8M
Net assets
$37.9M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$15.0M
FY2021$23.2M
FY2022$26.0M
FY2023$30.5M
FY2024$35.3M
FY2024$37.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $43.3M Management & general 3% · $1.4M Fundraising 0% · $152K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $967K paid to officers and key staff.

Part VII, Section A · reportable compensation
$210,000Pt VII · Sec A
Chief Operations Officer
$180,000Pt VII · Sec A
Senior Software Developer
$125,440Pt VII · Sec A
Senior Finance Director
$125,440Pt VII · Sec A
Senior Project Director
$125,400Pt VII · Sec A
Director People Operations
$100,580Pt VII · Sec A
Senior Director of Programs
$100,580Pt VII · Sec A
$0Pt VII · Sec A

Theresa Hubbard’s $210K as CEO is at the 18th percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Theresa Hubbard$210,000$210,000$210,250$190,200——
Alberto Mejia$180,000—————
Tim Cynova————$172,577$164,543
Shawn Anderson—————$170,420
Pallavi Sharma—————$170,420
Lauren Ruffin————$170,220$164,543
Tiffany Vergara$125,440—————
Russel Norris$125,440—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Fractured Atlas INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers artists and creatives by providing technology, resources, and research to make artistic careers more accessible, equitable, and sustainable.

Questions for Fractured Atlas INC

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Provided by the organization

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2 programs · $43.3M · in their own filed words · FY2024
01

Fractured atlas, inc. Serves as the fiscal sponsor to 4,000+ individual artists and arts organizations around the united states. Fractured atlas receives, holds, and distributes grants and contributions on behalf of these projects.

$43.3Mprogram expense
02

Processing CONSULTATION/NO objection letters for o & p visas for individuals applying to work as artists in the united states.

$40Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 10 funders →
Grants paid · 2,569 grants · $164.8M · 2019–2024
Unitemized GrantFY2024$6,827,969
Art Power INCFY2024$6,079,677
New Tech Innovation LLCFY2024$2,689,281
Multiverse Multimedia INCFY2024$1,456,875
Seed Pod LLCFY2024$1,086,864
Crenshaw Dairy Mart LLCFY2024$898,955
Righteous Dove Films INCFY2024$832,506
Dave Sharp Enterprises LLCFY2024$632,400
Healing Project Arts LLCFY2024$546,017
Arts 14cNJ · FY2024$483,088
Mind Capo INCFY2024$471,597
Woca INCTX · FY2024$401,121
Dangora Theater LLCFY2024$304,976
Donkeysaddle Projects LLCFY2024$280,271
A Mirrored MonetFY2024$274,500
Scope of Work CoFY2024$268,362
Create Forward LLCFY2024$266,613
See all 2,569 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$45.5M
Ln 12
Gifts and grantsLn 1h$43.8M
Investment incomeLn 3$882K
Fees for servicesLn 2g$631K
Money outPt IX
$44.8M
Ln 25
Programscol B$43.3M
Managementcol C$1.4M
Fundraisingcol D$152K
Owns and owesPt X
$37.9M
net assets · Ln 32
Cash and savingsLn 1–2$9.2M
Total assetsLn 16$37.9M
LiabilitiesLn 26$58K
PeoplePt VI, VII
16
listed · VII A
PaidVII A7
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43.8M
Government grantsLn 1e$889K
Noncash giftsLn 1g$128K
Fees for servicesLn 2g$631K
Investment incomeLn 3$882K
Other incomeLn 4–11$191K
Total revenueLn 12$45.5M
Assets in detailPt X, end of year
CashLn 1$8.5M
SavingsLn 2$796K
Cash and savings togetherLn 1–2$9.2M
InvestmentsLn 11–13$28.1M
Total assetsLn 16$37.9M
LiabilitiesLn 26$58K
Net assetsLn 32$37.9M
OperationsPt I, VI
EmployeesI 521
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$8.9M$9.2M
InvestmentsLn 11–13$25.7M$28.1M
Total assetsLn 16$35.4M$37.9M
LiabilitiesLn 26$73K$58K
Net assetsLn 32$35.3M$37.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$33.8M$33.8M
Grants to domestic individualsLn 2$6.8M$6.8M
Pay of current officers, directors and key staffLn 5$438K$66K$304K$68K
Other salaries and wagesLn 7$2.0M$1.3M$643K
Pension plan contributionsLn 8$103K$67K$36K
Other employee benefitsLn 9$227K$146K$80K
Payroll taxesLn 10$196K$115K$78K$2K
Legal feesLn 11b$22K$18K$3K$2K
Accounting feesLn 11c$22K$18K$2K$2K
Investment management feesLn 11f$118K$118K
Other fees for servicesLn 11g$654K$591K$38K$26K
Advertising and promotionLn 12$9K$7K$1K$1K
Office expensesLn 13$44K$32K$7K$5K
TravelLn 17$63K$46K$9K$7K
InsuranceLn 23$21K$10K$6K$4K
Other expenses (24a–d)Ln 24$308K$232K$44K$32K
All other expensesLn 24e$18K$10K$5K$3K
Total functional expensesLn 25$44.8M$43.3M$1.4M$152K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $42.0M$39.1M$2.9M$35.3M 990 PDF
FY2023 $39.9M$35.8M$4.1M$30.5M 990 PDF
FY2022 $36.4M$30.5M$5.9M$26.0M 990 PDF
FY2021 $28.3M$21.2M$7.0M$23.2M 990 PDF
FY2020 $25.7M$24.0M$1.7M$15.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $45,540,050 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,322,246$43,836,113
I-9 Program service revenuePrior year $704,929$630,670
I-10 Investment incomePrior year $1,966,021$882,108
I-11 Other revenuePrior year $13,667$191,159
I-12 Total revenuePrior year $42,006,863$45,540,050
I-13 Grants and similar amounts paidPrior year $34,395,662$40,607,941
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,537,884$2,949,339
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,129,892$1,278,975
I-18 Total expensesPrior year $39,063,438$44,836,255
I-19 Revenue less expensesPrior year $2,943,425$703,795
Part VI · Governance 8 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $45,540,050 across 8 lines filed
Lines not itemized here account for $191,159 of total revenue; see the IRS return.
VIII-1b Membership dues$616,371
VIII-1e Government grants$889,102
VIII-1f All other contributions, gifts and grants$42,330,640
VIII-1g Noncash contributions (included above)$128,235
VIII-1h Total contributions, gifts and grants$43,836,113
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $630,670$630,670
VIII-3 Investment incomeExcluded from tax $882,108$882,108
VIII-12 Total revenueRelated to mission $820,162 · Unrelated business $0 · Excluded from tax $883,775$45,540,050
Part IX · Statement of functional expenses $44,836,255 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $33,779,972$33,779,972
IX-2 Grants to domestic individualsPrograms $6,827,969$6,827,969
IX-5 Pay of current officers, directors and key staffPrograms $65,762 · Management $304,424 · Fundraising $68,228$438,414
IX-7 Other salaries and wagesPrograms $1,342,200 · Management $643,136$1,985,336
IX-8 Pension plan contributionsPrograms $67,110 · Management $35,996$103,106
IX-9 Other employee benefitsPrograms $146,171 · Management $80,421$226,592
IX-10 Payroll taxesPrograms $115,265 · Management $78,418 · Fundraising $2,208$195,891
IX-11b Legal feesPrograms $18,038 · Management $2,542 · Fundraising $1,721$22,301
IX-11c Accounting feesPrograms $17,640 · Management $2,486 · Fundraising $1,684$21,810
IX-11f Investment management feesManagement $117,626$117,626
IX-11g Other fees for servicesPrograms $590,837 · Management $37,971 · Fundraising $25,650$654,458
IX-12 Advertising and promotionPrograms $6,540 · Management $1,491 · Fundraising $1,444$9,475
IX-13 Office expensesPrograms $31,831 · Management $7,112 · Fundraising $4,836$43,779
IX-17 TravelPrograms $46,330 · Management $9,270 · Fundraising $6,906$62,506
IX-23 InsurancePrograms $10,396 · Management $6,238 · Fundraising $4,158$20,792
IX-24 Other expenses (24a–d)Programs $232,074 · Management $44,080 · Fundraising $32,013$308,167
IX-24e All other expensesPrograms $10,144 · Management $4,750 · Fundraising $3,167$18,061
IX-25 Total functional expensesPrograms $43,308,279 · Management $1,375,961 · Fundraising $152,015$44,836,255
Part X · Balance sheet $37,918,240 assets, 15 lines filed
Asset lines not itemized here account for $28,676; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $8,113,845$8,450,525
X-2 Savings and temporary cash investmentsStart of year $768,472$795,912
X-4 Accounts receivableStart of year $324,490$6,692
X-9 Prepaid expenses and deferred chargesStart of year $31,842$45,814
X-11 Publicly traded securitiesStart of year $23,547,720$26,025,162
X-12 Other securitiesStart of year $2,109,999$2,109,999
X-14 Intangible assetsStart of year $455,460$455,460
X-16 Total assetsStart of year $35,390,554$37,918,240
X-17 Accounts payable and accrued expensesStart of year $68,179$57,829
X-25 Other liabilitiesStart of year $4,962$208
X-26 Total liabilitiesStart of year $73,141$58,037
X-27 Net assets without donor restrictionsStart of year $9,416,966$10,094,971
X-28 Net assets with donor restrictionsStart of year $25,900,447$27,765,232
X-32 Total net assets or fund balancesStart of year $35,317,413$37,860,203
X-33 Total liabilities and net assetsStart of year $35,390,554$37,918,240
Part XI · Reconciliation of net assets $37,860,203 net assets at year end
XI-1 Total revenue$45,540,050
XI-2 Total expenses$44,836,255
XI-3 Revenue less expenses$703,795
XI-4 Net assets at start of year$35,317,413
XI-5 Net unrealized gains (losses) on investments$1,838,995
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$37,860,203

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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