Artsbuild FY2024 filing

Tax-deductible

Chattanooga, TN501(c)(3)Since 1968Arts & CultureEIN 23-7005188

Artsbuild provides general operating and project support grants to local arts organizations, community groups and individual artists; arts education programs; and arts leadership programs all towards the goal of increasing access to the arts with more arts in more places.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$206K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
3 of 5
filings with a surplus
Average surplus $722K a year · 24% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$206K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$101K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
-11% vs prior year
Spent
$2.6M
To programs
78%
Net assets
$18.6M
By yearFY2020–FY2024
Revenue
$3.0M
FY2024▼ -11%
Revenue by fiscal year
FY2020$1.4M
FY2021$7.1M
FY2022$156K
FY2023$3.3M
FY2024$3.0M
FY2024$3.7M
Expenses
$2.6M
FY2024▲ +10%
Expenses by fiscal year
FY2020$1.9M
FY2021$2.1M
FY2022$2.3M
FY2023$2.4M
FY2024$2.6M
FY2024$2.5M
Net assets
$18.6M
FY2024▲ +2%
Net assets by fiscal year
FY2020$14.4M
FY2021$19.4M
FY2022$17.3M
FY2023$18.3M
FY2024$18.6M
FY2024$19.8M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Feb 1969.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $2.1M Management & general 10% · $271K Fundraising 11% · $301K

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

Who runs it and what they're paid

27 people listed on the 990; $206K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$129,499Pt VII · Sec A
Director of Finance
$76,952Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

James McKissic’s $129K as President is at the 55th percentile of top reported officer pay among 3924 $1–10M 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
James McKissic$129,499$129,499$117,459$112,865$109,137$2,019
Rodney Vanvalkenburg—————$105,456
Sallie P Lawrence$76,952$76,952$68,797$66,547$63,978$60,685

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 Artsbuild 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

Encourages widespread public involvement and support for the arts.

Provided by the organization

This section is blank until Artsbuild claims this page.

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3 program services account for $2.1M of program spending, described in the organization's own filed words · FY2023.
01

Artsbuild provides broad financial support of the arts in hamilton county through grantmaking, including competitive annual operating grants for local arts organizations, small grants for unique arts projects, and grants for individual artists.

$1.6Mprogram expense
02

Artsbuild supports the local arts sector with programs that provide resources, skills training, and career development. In FY2024, artsbuild offered a shared services program with a host of consulting services, providers and workshops matched with needs of arts organizations, had 29 participants in our tech goes home for the arts…

$247Kprogram expense
03

In FY2024, artsbuild's imagine! Arts education initiative served 11,943 public school students in grades k-5. Teachers at each grade level had access to a free arts experience field trip and related curriculum guides. Artsbuild also provided two free arts integration professional development workshops for 43 local educators.

$208Kprogram expense

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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
Total grants receivedfrom 1 funder$25K
Grants paid · 142 grants · $5.3M · 2019–2024
Hunter Museum of ArtTN · FY2024$94,000
Creative Discovery MuseumTN · FY2024$83,000
The Chattanooga BalletTN · FY2024$40,000
Unitemized GrantFY2024$36,175
Chattanooga Boys ChoirTN · FY2024$19,000
Songbirds Foundation INCTN · FY2024$15,700
SplashTN · FY2024$15,150
The Pop-Up ProjectTN · FY2024$15,000
Scenic City Clay ArtsTN · FY2024$14,000
East Lake Expression EngineTN · FY2024$13,000
SoundcorpTN · FY2024$11,000
Stove WorksTN · FY2024$10,000
The ChatteryTN · FY2024$9,300
Art 120TN · FY2024$9,100
See all 142 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Investment incomeLn 3$1.6M
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$77K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.1M
Managementcol C$271K
Fundraisingcol D$301K
Owns and owesPt X
$18.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$18.7M
LiabilitiesLn 26$101K
PeoplePt VI, VII
27
listed · VII A
PaidVII A2
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$748K
Fees for servicesLn 2g$49K
Investment incomeLn 3$1.6M
Other incomeLn 4–11$77K
Gains on assetsLn 7$1.6M
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$16.0M
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$18.7M
LiabilitiesLn 26$101K
Net assetsLn 32$18.6M
OperationsPt I, VI
EmployeesI 515
VolunteersI 6155
Fiscal year endsHeaderJune
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$1.1M$1.0M
InvestmentsLn 11–13$15.1M$16.0M
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$18.4M$18.7M
LiabilitiesLn 26$142K$101K
Net assetsLn 32$18.3M$18.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Grants to domestic individualsLn 2$48K$48K
Pay of current officers, directors and key staffLn 5$200K$50K$99K$50K
Other salaries and wagesLn 7$329K$192K$47K$90K
Pension plan contributionsLn 8$31K$14K$9K$8K
Other employee benefitsLn 9$60K$25K$21K$14K
Payroll taxesLn 10$41K$19K$11K$11K
Other fees for servicesLn 11g$27K$27K
Advertising and promotionLn 12$53K$53K
Office expensesLn 13$19K$7K$5K$7K
Information technologyLn 14$25K$10K$11K$5K
OccupancyLn 16$73K$24K$23K$26K
TravelLn 17$4K$855$3K$427
Depreciation, depletion and amortizationLn 22$70K$30K$12K$28K
InsuranceLn 23$10K$4K$2K$4K
Other expenses (24a–d)Ln 24$9K$3K$2K$5K
Total functional expensesLn 25$2.6M$2.1M$271K$301K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $3.0M$2.6M$325K$18.6M 990 PDF
FY2023 $3.3M$2.4M$919K$18.3M 990 PDF
FY2022 $156K$2.3M−$2.1M$17.3M 990 PDF
FY2021 $7.1M$2.1M$5.0M$19.4M 990 PDF
FY2020 $1.4M$1.9M−$546K$14.4M 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 (4 parts)
Part VIII · Statement of revenue $2,955,004 across 8 lines filed
VIII-1e Government grants$747,938
VIII-1f All other contributions, gifts and grants$514,165
VIII-1h Total contributions, gifts and grants$1,262,103
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $49,093$49,093
VIII-3 Investment incomeExcluded from tax $1,423$1,423
VIII-6 Net rental income or lossRelated to mission $76,812$76,812
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,565,573$1,565,573
VIII-12 Total revenueRelated to mission $125,905 · Unrelated business $0 · Excluded from tax $1,566,996$2,955,004
Part IX · Statement of functional expenses $2,629,629 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $1,630,938$1,630,938
IX-2 Grants to domestic individualsPrograms $48,300$48,300
IX-5 Pay of current officers, directors and key staffPrograms $50,490 · Management $99,177 · Fundraising $50,490$200,157
IX-7 Other salaries and wagesPrograms $191,985 · Management $47,332 · Fundraising $89,723$329,040
IX-8 Pension plan contributionsPrograms $13,745 · Management $8,541 · Fundraising $8,298$30,584
IX-9 Other employee benefitsPrograms $25,181 · Management $20,697 · Fundraising $14,053$59,931
IX-10 Payroll taxesPrograms $18,578 · Management $11,225 · Fundraising $10,743$40,546
IX-11g Other fees for servicesManagement $26,594$26,594
IX-12 Advertising and promotionFundraising $52,880$52,880
IX-13 Office expensesPrograms $7,083 · Management $4,594 · Fundraising $7,465$19,142
IX-14 Information technologyPrograms $10,019 · Management $10,520 · Fundraising $4,508$25,047
IX-16 OccupancyPrograms $24,146 · Management $23,414 · Fundraising $25,610$73,170
IX-17 TravelPrograms $855 · Management $3,043 · Fundraising $427$4,325
IX-22 Depreciation, depletion and amortizationPrograms $29,982 · Management $11,854 · Fundraising $27,891$69,727
IX-23 InsurancePrograms $3,905 · Management $1,952 · Fundraising $3,905$9,762
IX-24 Other expenses (24a–d)Programs $3,169 · Management $1,649 · Fundraising $4,668$9,486
IX-25 Total functional expensesPrograms $2,058,376 · Management $270,592 · Fundraising $300,661$2,629,629
Part X · Balance sheet $18,723,500 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,148,128$1,022,323
X-3 Pledges and grants receivableStart of year $695,514$353,104
X-9 Prepaid expenses and deferred chargesStart of year $70,462$37,393
X-10c Land, buildings and equipment, netStart of year $1,389,436$1,319,709
X-12 Other securitiesStart of year $15,133,633$15,990,971
X-16 Total assetsStart of year $18,437,173$18,723,500
X-17 Accounts payable and accrued expensesStart of year $130,506$92,516
X-19 Deferred revenueStart of year $11,000$8,000
X-26 Total liabilitiesStart of year $141,506$100,516
X-27 Net assets without donor restrictionsStart of year $6,008,148$6,164,753
X-28 Net assets with donor restrictionsStart of year $12,287,519$12,458,231
X-32 Total net assets or fund balancesStart of year $18,295,667$18,622,984
X-33 Total liabilities and net assetsStart of year $18,437,173$18,723,500
Part XI · Reconciliation of net assets $18,622,984 net assets at year end
XI-1 Total revenue$2,955,004
XI-2 Total expenses$2,629,629
XI-3 Revenue less expenses$325,375
XI-4 Net assets at start of year$18,295,667
XI-6 Donated services and use of facilities$1,942
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,622,984

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

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