Arts Beats & Eats Foundation EIN 38-3612481

Arts Beats & Eats Foundation

EIN  38-3612481 Public foundation / grantmaker Royal Oak, MI
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Funds Southeastern Michigan charities and promotes cultural exchanges in Oakland County.
Leadership
Lori a Witz · President
Money in and out
$669K revenue, $627K expenses
Bottom line
99% program efficiency

Funds Southeastern Michigan charities and promotes cultural exchanges in Oakland County. For fiscal year 2024 it reported $669K in revenue, $627K in expenses, and $710K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$669K
Pt VIII · Ln 12
Total expenses
$627K
Pt IX · Ln 25
Net assets
$710K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $42K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
13.6mo
months of highly liquid reserves at operating expense rate▲ +17% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▲ +107% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$669K
FY2024▼ -6%
Expenses
$627K
FY2024▼ -9%
Total assets
$711K
FY2024▲ +6%
Total liabilities
$500
FY2024
Total revenue
$669K
Pt VIII · Ln 12
Total expenses
$627K
Pt IX · Ln 25
Net assets
$710K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$42K
Total assetsPt X · Ln 16$711K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $621K of program spending, described in the organization's own filed words · FY2024.
01

Funds raised through special events disbursed to irc code section 501(c)(3) charities and programs promoting cultural exchanges

$322Kprogram expense
02

Funds raised to support the arts beats & eats festival held in southeastern michigan which advances the arts (music and performing arts & original juried artwork) while promoting cultural exchanges

$284Kprogram expense
03

Funds raised through special events programs promoting cultural exchanges and the health of the citizens

$15Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArts Beats & Eats Foundation
EINHdr · item D38-3612481
Principal addressHdr · item CRoyal Oak, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T70)
Ruling yearIRS BMFJan 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$386K · 58%
Other revenue$262K · 39%
Investment income$21K · 3%
Contributions & grants58%$386K
Other revenue39%$262K
Investment income3%$21K
Total revenueLn 12$669K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$621K
Management & general1%$7K
Total functional expensesLn 25$627K

Balance Sheet

Part X · end of year
CashLn 1$709K
Total assetsLn 16$711K
Total liabilitiesLn 26$500
Total net assetsLn 32$710K
Months of cash on handcomputed13.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $709K · Operating expenses/yr $627K
13.6 months
Where the money goes
Program services
Program services $621K · Total expenses $627K
99%
Management & General
Management & general $7K · Total expenses $627K
1%
Fundraising
Fundraising $0 · Total expenses $627K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $149K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $386K · Total revenue $669K
58%
Government reliance
Government grants — · Total revenue $669K
Earned-income share
Program service revenue $0 · Total revenue $669K
0%
Investment reliance
Investment income $21K · Total revenue $669K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $627K
0%
Growth & trend
Revenue growth (YoY)
This year $669K · Prior year $711K
-6%
Revenue CAGR
FY2020 $334K · FY2024 $669K
+19%
Net-asset trend (YoY)
End of year $710K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $669K · Expenses $627K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $711K
Net-asset ratio
Net assets $710K · Total assets $711K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $711K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lori a Witz · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $627K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $627K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth -6%
Accounting fee ratio 1%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$281K
Grants paid · 98 grants · $981K · 2020–2024
Royal Oak Civic FoundationMI · FY2024$18,164
Royal Oak Football Teams INCMI · FY2024$15,589
Ray and Phyllis FoundationMI · FY2024$13,261
Forgotten Harvest INCMI · FY2024$12,190
American Cancer Society INCGA · FY2024$12,000
Royal Oak High School CheerFY2024$9,758
Team Happy FeetMI · FY2024$8,750
StagecraftersMI · FY2024$8,750
Almost Home FoundationIL · FY2024$8,489
The Rainbow ConnectionMI · FY2024$6,750
Volunteers of AmericaFY2024$6,750
See all 98 grants →

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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 (Latest)$669K revenue · viewing · ⤓ 990 PDF
FY2023$711K revenue · ⤓ 990 PDF
FY2022$619K revenue · ⤓ 990 PDF
FY2021$708K revenue · ⤓ 990 PDF
FY2020$334K 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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