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
85 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
5 people listed on the 990; $340K paid to officers and key staff (Part VII, Section A).
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.
See Arts Business Collaborative INC executive salaries →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
Your first name shows with your question. Arts Business Collaborative INC answers here, for everyone.
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 FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $8.5M | $1.5M |
| Total assetsLn 16 | $8.7M | $1.6M |
| LiabilitiesLn 26 | $104K | $171K |
| Net assetsLn 32 | $8.6M | $1.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $2.9M | $2.9M | ||
| Grants to domestic individualsLn 2 | $285K | $285K | ||
| Grants and assistance to foreign recipientsLn 3 | $40K | $40K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $330K | $330K | ||
| Other salaries and wagesLn 7 | $452K | $367K | $85K | |
| Pension plan contributionsLn 8 | $12K | $10K | $2K | |
| Other employee benefitsLn 9 | $143K | $68K | $75K | |
| Payroll taxesLn 10 | $68K | $29K | $39K | |
| Legal feesLn 11b | $15K | $15K | ||
| Accounting feesLn 11c | $143K | $143K | ||
| Other fees for servicesLn 11g | $107K | $107K | ||
| Advertising and promotionLn 12 | $71K | $71K | ||
| Office expensesLn 13 | $40K | $24K | $16K | |
| Information technologyLn 14 | $46K | $46K | ||
| OccupancyLn 16 | $44K | $44K | ||
| TravelLn 17 | $42K | $42K | ||
| InterestLn 20 | $470 | $470 | ||
| InsuranceLn 23 | $6K | $6K | ||
| Other expenses (24a–d)Ln 24 | $4.2M | $3.7M | $558K | |
| All other expensesLn 24e | $106K | $43K | $63K | |
| Total functional expensesLn 25 | $9.1M | $7.7M | $1.3M | $63K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 16, 2025 | $321K | $737K | −$416K | −$129K | 990 PDF |
| FY2023Filed with the IRS Nov 15, 2024 | $1.9M | $2.7M | −$790K | $613K | 990 PDF |
| FY2022 ViewingFiled with the IRS Nov 14, 2023 | $2.1M | $9.1M | −$7.0M | $1.4M | 990 PDF |
| FY2021Filed with the IRS Nov 14, 2022 | $7.5M | $5.9M | $1.6M | $8.6M | 990 PDF |
| FY2020Filed with the IRS Dec 3, 2021 | $10.2M | $3.2M | $7.0M | $7.0M | 990 PDF |
Schedules filed Part IV
See the full FY2022 990
Part I · Summary $2,142,247 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 4 to look at
Part VIII · Statement of revenue $2,142,247 across 6 lines filed
Part IX · Statement of functional expenses $9,099,544 across 20 lines filed
Part X · Balance sheet $1,559,343 assets, 11 lines filed
Part XI · Reconciliation of net assets $1,388,228 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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