Artsbridge Foundation INC FY2020 filing

Tax-deductible

Atlanta, GA501(c)(3)Since 2004Arts & CultureEIN 20-1638556Revenue $431K in FY2020

On file with the IRSartsbridgega.org2 Galleria Pkwy Se, 30339-5938 · Atlanta, GATax-exempt since Jan 2005Supporting organization — 509(a)(3)

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The mission of Artsbridge Foundation is "to enrich the lives of georgia pre-k to 12th grade students through transformative arts education experiences"

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
1 of 5
filings with a surplus
Average surplus $168K a year · 21% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $90K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
485% of total assets
Concern: liabilities are 485% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$431K
Spent
$484K
To programs
62%
Net assets
−$963K
By yearFY2020–FY2024
Revenue
$431K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$431K
FY2021$1.6M
FY2022$676K
FY2023$633K
FY2024$697K
FY2024$634K
Expenses
$484K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$484K
FY2021$344K
FY2022$686K
FY2023$800K
FY2024$887K
FY2024$778K
Net assets
−$963K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$963K
FY2021$299K
FY2022$288K
FY2023$120K
FY2024−$69K
FY2024−$213K

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2005.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $301K Management & general 10% · $48K Fundraising 28% · $135K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Artsbridge Foundation 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 15aNo

Programs and updates

Expands arts education for Georgia students through engaging programs and community events.

Provided by the organization

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3 programs · $301K · in their own filed words · FY2019
01

Field Trips/Family Series

Through field trips to the cobb energy performing arts centre, artsbridge offers students k-12 access to high quality performing arts productions. Due to the impact of the COVID-19 pandemic, a portion of this year's programming was cancelled or converted to a virtual format where possible.

$234Kprogram expense
02

Georgia High School Musical Theatre Awards

Patterned after broadway's tony awards, the georgia high school musical theatre awards, also known as the shuler awards, is now in its 12TH year. This annual artsbridge production celebrates excellence in high school musical theatre in georgia. Schools statewide participate in this unique professional learning experience.

$66Kprogram expense
03

Master Classes

Through master classes, artsbridge offers students the opportunity to train with professionals in the many disciplines of theatre. Due to the impact of the COVID-19 pandemic, a portion of this year's programming was cancelled.

$1Kprogram expense

Funders

Who pays for it.

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

Grants

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$431K
Ln 12
Gifts and grantsLn 1h$402K
Fees for servicesLn 2g$29K
Money outPt IX
$484K
Ln 25
Programscol B$301K
Managementcol C$48K
Fundraisingcol D$135K
Owns and owesPt X
−$963K
net assets · Ln 32
Cash and savingsLn 1–2$246K
Total assetsLn 16$250K
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$402K
Fees for servicesLn 2g$29K
Total revenueLn 12$431K
Assets in detailPt X, end of year
SavingsLn 2$246K
Cash and savings togetherLn 1–2$246K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$250K
LiabilitiesLn 26$1.2M
Net assetsLn 32−$963K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6255
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$311K$246K
Land, buildings, equipmentLn 10c$3K$4K
Total assetsLn 16$349K$250K
LiabilitiesLn 26$1.3M$1.2M
Net assetsLn 32−$910K−$963K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$322K$182K$25K$115K
Advertising and promotionLn 12$22K$13K$5K$4K
Office expensesLn 13$442$442
Information technologyLn 14$2K$2K
Depreciation, depletion and amortizationLn 22$1K$1K
Other expenses (24a–d)Ln 24$111K$103K$637$7K
All other expensesLn 24e$12K$2K$4K$6K
Total functional expensesLn 25$484K$301K$48K$135K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $697K$887K−$189K−$69K 990 PDF
FY2023 $633K$800K−$168K$120K 990 PDF
FY2022 $676K$686K−$11K$288K 990 PDF
FY2021 $1.6M$344K$1.3M$299K 990 PDF
FY2020 Viewing $431K$484K−$52K−$963K 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 FY2020 990 (6 parts)
Part I · Summary $431,431 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $684,116$402,405
I-9 Program service revenuePrior year $114,403$29,026
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$11,887$0
I-12 Total revenuePrior year $786,632$431,431
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $706,061$483,739
I-18 Total expensesPrior year $706,061$483,739
I-19 Revenue less expensesPrior year $80,571−$52,308
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $431,431 across 5 lines filed
VIII-1d Related organizations$106,731
VIII-1f All other contributions, gifts and grants$295,674
VIII-1h Total contributions, gifts and grants$402,405
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,026$29,026
VIII-12 Total revenueRelated to mission $29,026 · Unrelated business $0 · Excluded from tax $0$431,431
Part IX · Statement of functional expenses $483,739 across 9 lines filed
IX-11b Legal feesManagement $1,632$1,632
IX-11c Accounting feesManagement $10,617$10,617
IX-11g Other fees for servicesPrograms $182,236 · Management $24,696 · Fundraising $115,155$322,087
IX-12 Advertising and promotionPrograms $12,897 · Management $5,075 · Fundraising $4,425$22,397
IX-13 Office expensesManagement $442$442
IX-14 Information technologyFundraising $2,400$2,400
IX-22 Depreciation, depletion and amortizationManagement $1,298$1,298
IX-24 Other expenses (24a–d)Programs $103,432 · Management $637 · Fundraising $6,901$110,970
IX-24e All other expensesPrograms $2,412 · Management $3,655 · Fundraising $5,829$11,896
IX-25 Total functional expensesPrograms $300,977 · Management $48,052 · Fundraising $134,710$483,739
Part X · Balance sheet $249,880 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $310,786$246,057
X-9 Prepaid expenses and deferred chargesStart of year $35,325$0
X-10c Land, buildings and equipment, netStart of year $3,216$3,823
X-16 Total assetsStart of year $349,327$249,880
X-17 Accounts payable and accrued expensesStart of year $24,797$21,714
X-19 Deferred revenueStart of year $10,000$21,250
X-25 Other liabilitiesStart of year $1,224,726$1,169,420
X-26 Total liabilitiesStart of year $1,259,523$1,212,384
X-27 Net assets without donor restrictionsStart of year −$962,282−$982,064
X-28 Net assets with donor restrictionsStart of year $52,086$19,560
X-32 Total net assets or fund balancesStart of year −$910,196−$962,504
X-33 Total liabilities and net assetsStart of year $349,327$249,880
Part XI · Reconciliation of net assets −$962,504 net assets at year end
XI-1 Total revenue$431,431
XI-2 Total expenses$483,739
XI-3 Revenue less expenses−$52,308
XI-4 Net assets at start of year−$910,196
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$962,504

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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