Artsbridge Foundation INC FY2023 filing

Tax-deductible

Atlanta, GA501(c)(3)Since 2004Arts & CultureEIN 20-1638556Revenue $633K in FY2023

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.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 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
$98K
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$633K
-6% vs prior year
Spent
$800K
To programs
75%
Net assets
$120K
By yearFY2020–FY2024
Revenue
$633K
FY2023▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$431K
FY2021$1.6M
FY2022$676K
FY2023$633K
FY2024$697K
FY2024$634K
Expenses
$800K
FY2023▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$484K
FY2021$344K
FY2022$686K
FY2023$800K
FY2024$887K
FY2024$778K
Net assets
$120K
FY2023▼ -58%
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 FY2023 Form 990 (year ending September 2023) · see the original

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You’re viewing the FY2023 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

75 cents of each dollar spent went to programs.

Program services 75% · $597K Management & general 7% · $53K Fundraising 19% · $150K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
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
$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.

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Provided by the organization

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3 programs · $597K · in their own filed words · FY2022
01

Fashioned after broadway's tony awards, the georgia high school musical theatre awards (ghsmta) program celebrates excellence in high school musical theatre. The year-round program embodies a spirit of camaraderie and celebration for the arts in high schools across georgia.

$528Kprogram 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.

$62Kprogram 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.

$8Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$633K
Ln 12
Gifts and grantsLn 1h$557K
Fees for servicesLn 2g$79K
Investment incomeLn 3$131
Money outPt IX
$800K
Ln 25
Programscol B$597K
Managementcol C$53K
Fundraisingcol D$150K
Owns and owesPt X
$120K
net assets · Ln 32
Cash and savingsLn 1–2$197K
Total assetsLn 16$218K
LiabilitiesLn 26$98K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$557K
Fundraising eventsLn 1c$99K
Fees for servicesLn 2g$79K
Investment incomeLn 3$131
Total revenueLn 12$633K
Assets in detailPt X, end of year
CashLn 1$194K
SavingsLn 2$2K
Cash and savings togetherLn 1–2$197K
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$18K
Total assetsLn 16$218K
LiabilitiesLn 26$98K
Net assetsLn 32$120K
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 FY23End FY23
Cash and savingsLn 1–2$327K$197K
Land, buildings, equipmentLn 10c$2K$3K
Total assetsLn 16$329K$218K
LiabilitiesLn 26$41K$98K
Net assetsLn 32$288K$120K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$456$456
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$318K$148K$29K$141K
Advertising and promotionLn 12$21K$17K$3K$2K
Office expensesLn 13$10K$9K$1K
Information technologyLn 14$4K$750$469$2K
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$885$885
Other expenses (24a–d)Ln 24$358K$358K
All other expensesLn 24e$77K$63K$8K$6K
Total functional expensesLn 25$800K$597K$53K$150K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $697K$887K−$189K−$69K 990 PDF
FY2023 Viewing $633K$800K−$168K$120K 990 PDF
FY2022 $676K$686K−$11K$288K 990 PDF
FY2021 $1.6M$344K$1.3M$299K 990 PDF
FY2020 $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 FY2023 990 (6 parts)
Part I · Summary $632,738 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $609,176$557,108
I-9 Program service revenuePrior year $59,646$79,321
I-10 Investment incomePrior year $425$131
I-11 Other revenuePrior year $6,389−$3,822
I-12 Total revenuePrior year $675,636$632,738
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 $686,371$800,403
I-18 Total expensesPrior year $686,371$800,403
I-19 Revenue less expensesPrior year −$10,735−$167,665
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $632,738 across 8 lines filed
VIII-1c Fundraising events$98,906
VIII-1d Related organizations$172,032
VIII-1f All other contributions, gifts and grants$286,170
VIII-1h Total contributions, gifts and grants$557,108
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $79,321$79,321
VIII-3 Investment incomeExcluded from tax $131$131
VIII-8 Net income from fundraising eventsExcluded from tax −$3,822−$3,822
VIII-12 Total revenueRelated to mission $79,321 · Unrelated business $0 · Excluded from tax −$3,691$632,738
Part IX · Statement of functional expenses $800,403 across 10 lines filed
IX-11b Legal feesManagement $456$456
IX-11c Accounting feesManagement $9,250$9,250
IX-11g Other fees for servicesPrograms $147,746 · Management $29,153 · Fundraising $140,729$317,628
IX-12 Advertising and promotionPrograms $16,655 · Management $2,914 · Fundraising $1,625$21,194
IX-13 Office expensesPrograms $8,997 · Management $1,419$10,416
IX-14 Information technologyPrograms $750 · Management $469 · Fundraising $2,400$3,619
IX-17 TravelPrograms $1,444$1,444
IX-22 Depreciation, depletion and amortizationManagement $885$885
IX-24 Other expenses (24a–d)Programs $358,449$358,449
IX-24e All other expensesPrograms $63,342 · Management $7,986 · Fundraising $5,734$77,062
IX-25 Total functional expensesPrograms $597,383 · Management $52,532 · Fundraising $150,488$800,403
Part X · Balance sheet $217,703 assets, 13 lines filed
X-1 Cash, non-interest-bearing$194,413
X-2 Savings and temporary cash investmentsStart of year $327,195$2,396
X-10c Land, buildings and equipment, netStart of year $1,874$2,772
X-15 Other assetsStart of year $0$18,122
X-16 Total assetsStart of year $329,069$217,703
X-17 Accounts payable and accrued expensesStart of year $11,870$27,612
X-19 Deferred revenueStart of year $10,000$45,000
X-25 Other liabilitiesStart of year $19,351$24,908
X-26 Total liabilitiesStart of year $41,221$97,520
X-27 Net assets without donor restrictionsStart of year $207,148$105,920
X-28 Net assets with donor restrictionsStart of year $80,700$14,263
X-32 Total net assets or fund balancesStart of year $287,848$120,183
X-33 Total liabilities and net assetsStart of year $329,069$217,703
Part XI · Reconciliation of net assets $120,183 net assets at year end
XI-1 Total revenue$632,738
XI-2 Total expenses$800,403
XI-3 Revenue less expenses−$167,665
XI-4 Net assets at start of year$287,848
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$120,183

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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