Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 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
1 person listed on the 990; $97K paid to officers and key staff.
Kat Bloomfield’s $188K as Ceo- Board Secretary is at the 96th percentile of top reported officer pay among 1709 $100K–1M community development 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Tatum Turner | — | — | $21,796 | $311,326 | — |
| Kat Bloomfield | $187,519 | $187,519 | $209,114 | $205,176 | $97,441 |
| Joshua Beauchemin | $143,564 | $143,564 | $109,470 | — | — |
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.
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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 15aYes
Programs and updates
Empowers people of color by providing arts and STEM training, capital, and networks.
Questions for Arts Business Collaborative INC
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Arts business collaborative, inc is a technical assistance and research organization with a mission to improve quality of life for people of color through the arts and "stem" science, technology, engineering, and mathematics.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $6K | $7.0M |
| Total assetsLn 16 | $8K | $7.0M |
| LiabilitiesLn 26 | $1K | $53K |
| Net assetsLn 32 | $7K | $7.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.0M | $1.0M | ||
| Pay of current officers, directors and key staffLn 5 | $273K | $273K | ||
| Payroll taxesLn 10 | $19K | $19K | ||
| Legal feesLn 11b | $36K | $36K | ||
| Accounting feesLn 11c | $63K | $63K | ||
| Other fees for servicesLn 11g | $653K | $133K | $520K | |
| Advertising and promotionLn 12 | $7K | $7K | ||
| Office expensesLn 13 | $19K | $16K | $3K | |
| Information technologyLn 14 | $3K | $3K | ||
| OccupancyLn 16 | $48K | $48K | ||
| TravelLn 17 | $11K | $11K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $987K | $825K | $135K | $26K |
| All other expensesLn 24e | $38K | $38K | ||
| Total functional expensesLn 25 | $3.2M | $2.4M | $238K | $547K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $321K | $737K | −$416K | −$129K | 990 PDF |
| FY2023 | $1.9M | $2.7M | −$790K | $613K | 990 PDF |
| FY2022 | $2.1M | $9.1M | −$7.0M | $1.4M | 990 PDF |
| FY2021 | $7.5M | $5.9M | $1.6M | $8.6M | 990 PDF |
| FY2020 Viewing | $10.2M | $3.2M | $7.0M | $7.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $10,163,543 revenue, 12 lines filed
Part VI · Governance 6 of 7 board members independent, 4 to look at
Part VIII · Statement of revenue $10,163,543 across 5 lines filed
Part IX · Statement of functional expenses $3,206,529 across 14 lines filed
Part X · Balance sheet $7,017,438 assets, 12 lines filed
Part XI · Reconciliation of net assets $6,964,433 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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