Artsbridge Foundation INC

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EIN 20-1638556 Supporting organization Atlanta, GA NTEE A112
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Revenue & expenses by yearFY2020–FY2024
Revenue
$634K
FY2024▼ -9%
Expenses
$778K
FY2024▼ -12%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Expands arts education for Georgia students through engaging programs and community events. For fiscal year 2024 it reported $634K in revenue, $778K in expenses, and $-213K in net assets.Pt I

Founded
2004
Type
Supporting organization · Arts & Culture
Location
Atlanta, GA
Website
artsbridgega.org
Filings
5 on file (2020–2024)
Revenue
$634KFY2024
Expenses
$778K
Net assets
$-213K
People
12
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Provided by the organization

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Size
$100K–1M
What they do
Expands arts education for Georgia students through engaging programs and community events.
Leadership
Samit Roy · Director
Money in and out
$634K revenue, $778K expenses
Bottom line
-23% net inflow

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

9 funders, incl. Cobb Community Foundation INC

9 distinct foundation funder(s) on file, $90K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

76% to programs

76% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -9% vs prior year

Revenue band $100K–1M, -9% versus the prior filing year (down). See detail →

Money in and out · FY2024
Total revenue
$634K
Pt VIII · Ln 12
Total expenses
$778K
Pt IX · Ln 25
Net assets
$-213K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$144K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.07 Fundraising $0.17
Net inflow
-23%
revenue over expenses, this year▲ +16% vs prior filing year
Pass-through gifts
74%
of revenue from contributions▼ -9% vs prior filing year
Program spending
76%
of expenses reach stated programs▲ +3% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$116K
FY2024▼ -38%
Total liabilities
$329K
FY2024▲ +28%
Revenue less expensesPt I · Ln 19−$144K
Total assetsPt X · Ln 16$116K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CArtsbridge Foundation INC
EINHdr · item D20-1638556
Principal addressHdr · item CAtlanta, GA
WebsiteHdr · item Jartsbridgega.org
Year of formationHdr · item L2004
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A112)
Ruling yearIRS BMFJan 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Artsbridge Foundation INC executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $588K of program spending, described in the organization's own filed words · FY2024.
01

Fashioned after broadway's tony awards, the georgia high school musical theatre awards (ghsmta) program celebrates excellence in high school musical theatre. The awards are named in honor of ACTOR/SINGER and georgia native, shuler hensley, winner of the prestigious tony award.

$500Kprogram expense
02

Field trips the annual field trip program allows students to have first-hand educational experiences that directly tie to classroom curriculum and the georgia standards of excellence.

$81Kprogram expense
03

Snack Pack Program

Many students rely on the free lunch program as their primary meal during the school day. To partner in the fight against food insecurity, and to assist the academic journey of our PRE-K-12 students, every student who attends an artsbridge field trip receives a nutritious snack pack.

$6Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$467K · 74%
Program service revenue$98K · 16%
Other revenue$68K · 11%
Contributions & grants74%$467K
Program service revenue16%$98K
Other revenue11%$68K
Investment income$356
Total revenueLn 12$634K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.07 Fundraising $0.17
Program services76%$588K
Management & general7%$57K
Fundraising17%$133K
Total functional expensesLn 25$778K

Balance Sheet

Part X · end of year
CashLn 1$109K
Total assetsLn 16$116K
Total liabilitiesLn 26$329K
Total net assetsLn 32$-213K
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $109K · Operating expenses/yr $778K
1.7 months
Where the money goes
Program services
Program services $588K · Total expenses $778K
76%
Management & General
Management & general $57K · Total expenses $778K
7%
Fundraising
Fundraising $133K · Total expenses $778K
17%
Cost to raise $1
Fundraising expense (3-yr avg) $141K · Solicited contributions (3-yr avg) $529K
$0.27 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $467K · Total revenue $634K
74%
Government reliance
Government grants — · Total revenue $634K
—
Earned-income share
Program service revenue $98K · Total revenue $634K
16%
Investment reliance
Investment income $356 · Total revenue $634K
+0.06%
Program self-sufficiency
Program service revenue $98K · Total expenses $778K
13%
Growth & trend
Revenue growth (YoY)
This year $634K · Prior year $697K
-9%
Revenue CAGR
FY2019 $431K · FY2024 $634K
+8%
Net-asset trend (YoY)
End of year $-213K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $634K · Expenses $778K
-23%
Liabilities-to-Assets
Total liabilities — · Total assets $116K
—
Net-asset ratio
Net assets $-213K · Total assets $116K
-184%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $116K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Samit Roy · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $778K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $778K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%——
Overhead ratio 7%——
Fundraising cost ratio 29%——
Revenue growth -9%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$697K revenue · ⤓ 990 PDF
FY2023$633K revenue · ⤓ 990 PDF
FY2022$676K revenue · ⤓ 990 PDF
FY2021$1.6M revenue · ⤓ 990 PDF
FY2020$431K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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