Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2004.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
67 cents of each dollar spent went to programs.
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
13 people listed on the 990.
Diedra Harris-Kelley’s $73K as Co-Director is at the 68th percentile of top reported officer pay among 2216 $100K–1M 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.
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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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Preserves and promotes Romare Bearden's artistic legacy and public appreciation for the arts.
Questions for Romare Bearden Foundation INC
Your first name shows with your question. Romare Bearden Foundation INC answers here, for everyone.
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Catalogue raisonne project- phase four continued the process of identifying and researching works, and gaining new photography of art from private collections in detroit, california, savannah, ga, and a large one of over 200 drawings in nyc; we assisted in reviewing and verifying materials from the foundation files in preparation for the…
The foundation developed and presented several programs as part of our the"cinque artist program" talk series that provides a platform for mid- career artists. Speakers are paid an honorarium.
Foundation traveling exhibition showed at two venues- clay art center, charleston, WV (nov. 2023 - feb 2024); the foundation also lent works for a small exhibition at the paramount center for the arts in in ST. Cloud, MN.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $643K | $387K |
| Land, buildings, equipmentLn 10c | $1K | $792 |
| Total assetsLn 16 | $2.7M | $2.4M |
| LiabilitiesLn 26 | $119K | $85K |
| Net assetsLn 32 | $2.6M | $2.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $193K | $155K | $19K | $19K |
| Payroll taxesLn 10 | $17K | $14K | $2K | $2K |
| Legal feesLn 11b | $46K | $34K | $11K | |
| Accounting feesLn 11c | $38K | $38K | ||
| Other fees for servicesLn 11g | $58K | $26K | $485 | $32K |
| Office expensesLn 13 | $29K | $18K | $11K | $390 |
| TravelLn 17 | $12K | $11K | $79 | $78 |
| Conferences, conventions and meetingsLn 19 | $1K | $1K | $245 | $128 |
| Depreciation, depletion and amortizationLn 22 | $561 | $449 | $56 | $56 |
| InsuranceLn 23 | $19K | $16K | $2K | $487 |
| Other expenses (24a–d)Ln 24 | $10K | $10K | ||
| Total functional expensesLn 25 | $424K | $286K | $73K | $66K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $318K | $424K | −$106K | $2.3M | 990 PDF |
| FY2023 | $604K | $563K | $41K | $2.6M | 990 PDF |
| FY2022 | $493K | $283K | $210K | $2.6M | 990 PDF |
| FY2021 | $241K | $260K | −$19K | $2.6M | 990 PDF |
| FY2020 | $114K | $185K | −$71K | $2.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $317,870 revenue, 12 lines filed
Part VI · Governance 9 of 14 board members independent, 4 to look at
Part VIII · Statement of revenue $317,870 across 7 lines filed
Part IX · Statement of functional expenses $423,746 across 11 lines filed
Part X · Balance sheet $2,377,120 assets, 13 lines filed
Part XI · Reconciliation of net assets $2,292,189 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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