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Nonprofiteer
← ARBUTUS FOUNDATION INC

Form 990 for tax year 2022

Filed by ARBUTUS FOUNDATION INC.

Totals

Total revenue
$900,035
Total expenses
$812,912
Contributions and grants received
$611,651
Grants paid
$200,000
Program service revenue
$100,000
Investment income
$46,407
Other revenue
$141,977
Total assets, end of year
$291,122
Total liabilities, end of year
$402,324
Net assets or fund balances, end of year
-$111,202
Program services expenses (Part IX)
$533,396
Management and general expenses
$155,384
Fundraising expenses
$124,132
Program service expenses (Part III)
$533,396

Program services were 65.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $60,697

  • 1c · Fundraising events

    $48,989

  • 1f · All other contributions, gifts and grants

    $501,965

  • 2a · Program service revenue: PRODUCTION LICENSING F

    total $100,000 · related or exempt $100,000

  • 5 · Royalties

    total $121,835 · excluded $121,835

  • 7a · Gross sales of assets other than inventory

    other assets $46,407

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $46,407

  • 7d · Net gain or loss

    total $46,407 · excluded $46,407

  • 8a · Fundraising events: gross income

    $22,758

  • 8a · Fundraising events: contributions included on line 1c

    $48,989

  • 8b · Fundraising events: direct expenses

    $22,758

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $17,969

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $17,969 · related or exempt $17,969

  • 11a · Other revenue: MISCELLANEOUS

    total $2,173 · excluded $2,173

  • 11e · Other revenue, total

    $2,173

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $200,000 · program services $200,000

  • 5 · Compensation of officers, directors and key employees

    total $116,000 · management and general $58,000 · fundraising $58,000

  • 11a · Fees: management

    total $47,500 · management and general $47,500

  • 11b · Fees: legal

    total $150 · program services $150

  • 11c · Fees: accounting

    total $12,080 · management and general $12,080

  • 11e · Fees: professional fundraising services

    total $4,883 · fundraising $4,883

  • 11g · Fees: other

    total $308,868 · program services $286,920 · management and general $13,584 · fundraising $8,364

  • 12 · Advertising and promotion

    total $2,582 · fundraising $2,582

  • 13 · Office expenses

    total $19,841 · program services $19,213 · management and general $628

  • 17 · Travel

    total $14,670 · program services $11,731 · management and general $1,244 · fundraising $1,695

  • 22 · Depreciation, depletion and amortization

    total $8,072 · management and general $8,072

  • 23 · Insurance

    total $11,090 · program services $3,822 · management and general $5,319 · fundraising $1,949

  • 24a · Other expenses: PRODUCTION

    total $52,279 · program services $10,229 · fundraising $42,050

  • 24b · Other expenses: OTHER EXPENSES

    total $14,897 · program services $1,331 · management and general $8,957 · fundraising $4,609

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,363 · end of year $247,562

  • 3 · Pledges and grants receivable

    end of year $32,151

  • 4 · Accounts receivable

    beginning of year $8,729 · end of year $7,372

  • 10a · Land, buildings and equipment: cost or other basis

    $24,217

  • 10b · Land, buildings and equipment: accumulated depreciation

    $20,180

  • 10c · Land, buildings and equipment, net

    beginning of year $12,109 · end of year $4,037

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,075 · end of year $80,449

  • 18 · Grants payable

    end of year $200,000

  • 19 · Deferred revenue

    beginning of year $75,000 · end of year $16,500

  • 22 · Loans and payables to officers and key people

    beginning of year $105,451 · end of year $105,375

  • 27 · Net assets without donor restrictions

    beginning of year -$198,325 · end of year -$111,202

Mission and programs · 2022

Mission

THE ARBUTUS FOUNDATION, INC. IS A NONPROFIT ORGANIZATION FORMED TO DEVELOP AND PRODUCE PROJECTS AT THE INTERSECTION OF SOCIAL, CULTURAL, SCIENTIFIC AND TECHNOLOGICAL FIELDS.

Activities or mission (Part I)

THE ARBUTUS FOUNDATION, INC. DEVELOPS AND PRODUCES PROJECTS AT THE (CON'T ON SCHEDULE O) INTERSECTION OF SOCIAL, CULTURAL, SCIENTIFIC AND TECHNOLOGICAL FIELDS. ITS LEAD PROJECT IS REASONS TO BE CHEERFUL, AN ONLINE SOLUTIONS JOURNALISM MAGAZINE.

  • REASONS TO BE CHEERFUL WAS FOUNDED BY ARTIST AND MUSICIAN DAVID BYRNE, WHO BELIEVES IN THE POWER OF APPROACHING THE WORLD WITH CURIOSITY IN ART, IN MUSIC, IN COLLABORATION AND IN LIFE. UNDER THE BANNER OF BYRNE'S NON-PROFIT ORGANIZATION, ARBUTUS, REASONS TO BE CHEERFUL EMBODIES THIS SENSIBILITY, APPLYING IT NOW TO THE FUTURE OF OUR WORLD. THROUGH STORIES OF HOPE, ROOTED IN EVIDENCE, REASONS TO BE CHEERFUL AIMS TO INSPIRE US ALL TO BE CURIOUS ABOUT HOW THE WORLD CAN BE BETTER, AND TO ASK OURSELVES HOW WE CAN BE PART OF THAT CHANGE. RTBC CONTINUES IN ITS PUBLICATION OF FREE CONTENT, AND THIS YEAR LAUNCHED ITS MEMBERSHIP PROGRAM AND TOOK LARGE STRIDES TO EXPAND ITS PARTNERSHIPS AND FUNDRAISING.

    Expenses $311,231 · Revenue $17,969

  • THEATER OF THE MIND ("TOTM") WAS INSPIRED BY BOTH HISTORICAL AND CURRENT LAB RESEARCH, TOTM TAKES YOU ON AN IMMERSIVE JOURNEY INSIDE HOW WE SEE AND CREATE OUR WORLDS. CO-CREATED BY ARTIST DAVID BYRNE AND WRITER MALA GAONKAR, THE SHOW USES STORIES FROM THEIR OWN LIVES TO SHAPE A NARRATIVE YOU'LL SEE, FEEL, TASTE AND HEAR. AS YOU EXPLORE INTRIGUING ENVIRONMENTS, PARTICIPATE IN A NARRATIVE AND TRY A SERIES OF SENSORY EXPERIMENTS, YOUR GUIDE WILL QUESTION HOW BELIEFS, MEMORIES AND EVEN OUR IDENTITIES ARE LESS FIXED THAN WE THINK. YOU MAY NOT BE WHO YOU THINK YOU ARE. BUT WE'RE ALL IN IT TOGETHER. TOTM COMPLETED ITS FINAL DEVELOPMENT PHASE AND HAD ITS WORLD PREMIERE RUN FOR 20 WEEKS AT THE DENVER THEATER CENTER, SPONSORED BY SCIENCE SANDBOX, AN INITIATIVE OF THE SIMONS FOUNDATION.

    Expenses $222,165 · Grants $200,000 · Revenue $100,000

As filed on the 2022 return.

Listed in Part VII

  • David Byrne

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Karen Wong

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Malu Abeni Byrne

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Emily Simoness

    EXECUTIVE DIRECTOR

    Total calculated
    $116,000
    From this org
    $116,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323189349313897

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