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← FRACTURED ATLAS INC

Form 990 for tax year 2024

Filed by FRACTURED ATLAS INC.

Totals

Total revenue
$45,540,050
Total expenses
$44,836,255
Contributions and grants received
$43,836,113
Grants paid
$40,607,941
Program service revenue
$630,670
Investment income
$882,108
Other revenue
$191,159
Total assets, end of year
$37,918,240
Total liabilities, end of year
$58,037
Net assets or fund balances, end of year
$37,860,203
Program services expenses (Part IX)
$43,308,279
Management and general expenses
$1,375,961
Fundraising expenses
$152,015
Program service expenses (Part III)
$43,308,279

Program services were 96.6% 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

    $616,371

  • 1e · Government grants (contributions)

    $889,102

  • 1f · All other contributions, gifts and grants

    $42,330,640

  • 1g · Noncash contributions included above

    $128,235

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $630,670 · related or exempt $630,670

  • 3 · Investment income

    total $882,108 · excluded $882,108

  • 11d · All other revenue

    total $191,159 · related or exempt $189,492 · excluded $1,667

  • 11e · Other revenue, total

    $191,159

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,779,972 · program services $33,779,972

  • 2 · Grants to domestic individuals

    total $6,827,969 · program services $6,827,969

  • 5 · Compensation of officers, directors and key employees

    total $438,414 · program services $65,762 · management and general $304,424 · fundraising $68,228

  • 7 · Other salaries and wages

    total $1,985,336 · program services $1,342,200 · management and general $643,136

  • 8 · Pension plan contributions

    total $103,106 · program services $67,110 · management and general $35,996

  • 9 · Other employee benefits

    total $226,592 · program services $146,171 · management and general $80,421

  • 10 · Payroll taxes

    total $195,891 · program services $115,265 · management and general $78,418 · fundraising $2,208

  • 11b · Fees: legal

    total $22,301 · program services $18,038 · management and general $2,542 · fundraising $1,721

  • 11c · Fees: accounting

    total $21,810 · program services $17,640 · management and general $2,486 · fundraising $1,684

  • 11f · Fees: investment management

    total $117,626 · management and general $117,626

  • 11g · Fees: other

    total $654,458 · program services $590,837 · management and general $37,971 · fundraising $25,650

  • 12 · Advertising and promotion

    total $9,475 · program services $6,540 · management and general $1,491 · fundraising $1,444

  • 13 · Office expenses

    total $43,779 · program services $31,831 · management and general $7,112 · fundraising $4,836

  • 17 · Travel

    total $62,506 · program services $46,330 · management and general $9,270 · fundraising $6,906

  • 23 · Insurance

    total $20,792 · program services $10,396 · management and general $6,238 · fundraising $4,158

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $186,748 · program services $127,594 · management and general $34,019 · fundraising $25,135

  • 24b · Other expenses: TELECOM

    total $99,186 · program services $87,809 · management and general $6,724 · fundraising $4,653

  • 24c · Other expenses: LICENSES & PERMITS

    total $11,124 · program services $5,562 · management and general $3,337 · fundraising $2,225

  • 24d · Other expenses: BAD DEBTS

    total $11,109 · program services $11,109

  • 24e · All other expenses

    total $18,061 · program services $10,144 · management and general $4,750 · fundraising $3,167

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,113,845 · end of year $8,450,525

  • 2 · Savings and temporary cash investments

    beginning of year $768,472 · end of year $795,912

  • 4 · Accounts receivable

    beginning of year $324,490 · end of year $6,692

  • 7 · Other notes and loans receivable

    beginning of year $38,726 · end of year $28,676

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,842 · end of year $45,814

  • 11 · Investments: publicly traded securities

    beginning of year $23,547,720 · end of year $26,025,162

  • 12 · Investments: other securities

    beginning of year $2,109,999 · end of year $2,109,999

  • 14 · Intangible assets

    beginning of year $455,460 · end of year $455,460

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,179 · end of year $57,829

  • 25 · Other liabilities

    beginning of year $4,962 · end of year $208

  • 27 · Net assets without donor restrictions

    beginning of year $9,416,966 · end of year $10,094,971

  • 28 · Net assets with donor restrictions

    beginning of year $25,900,447 · end of year $27,765,232

Mission and programs · 2024

Mission

THE MISSION OF FRACTURED ATLAS IS TO MAKE THE JOURNEY FROM INSPIRATION TO PRACTICE MORE ACCESSIBLE AND EQUITABLE FOR ARTISTS AND CREATIVES.

  • FRACTURED ATLAS, INC. SERVES AS THE FISCAL SPONSOR TO 4,000+ INDIVIDUAL ARTISTS AND ARTS ORGANIZATIONS AROUND THE UNITED STATES. FRACTURED ATLAS RECEIVES, HOLDS, AND DISTRIBUTES GRANTS AND CONTRIBUTIONS ON BEHALF OF THESE PROJECTS.

    Expenses $43,267,798 · Grants $40,607,941 · Revenue $218,906

  • PROCESSING CONSULTATION/NO OBJECTION LETTERS FOR O & P VISAS FOR INDIVIDUALS APPLYING TO WORK AS ARTISTS IN THE UNITED STATES.

    Expenses $40,481 · Revenue $601,256

As filed on the 2024 return.

Listed in Part VII

  • Theresa Hubbard

    CEO

    Total calculated
    $229,645
    From this org
    $210,000
    From related orgs
    $0
    Other
    $19,645
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $0
    Other
    $0
    Deferred
    $10,500
    Nontaxable benefits
    $9,145
    Filer's total
    $229,645

  • E Andrew Taylor

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ramphis Castro

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Yancey

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mukti Khaire

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Holly Sidford

    BOARD MEMBER (THRU 04/25)

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Scott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christopher J Mackie PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tanya Birl-Torres

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alexis Frasz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alberto Mejia

    CHIEF OPERATIONS OFFICER

    Total calculated
    $198,126
    From this org
    $180,000
    From related orgs
    $0
    Other
    $18,126
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    $0
    Other
    $0
    Deferred
    $9,123
    Nontaxable benefits
    $9,003
    Filer's total
    $198,126

  • Tiffany Vergara

    SENIOR FINANCE DIRECTOR

    Total calculated
    $141,064
    From this org
    $125,440
    From related orgs
    $0
    Other
    $15,624
    Hours/week
    40

  • Russel Norris

    SENIOR SOFTWARE DEVELOPER

    Total calculated
    $141,111
    From this org
    $125,440
    From related orgs
    $0
    Other
    $15,671
    Hours/week
    40

  • Colleen Hughes

    SENIOR DIRECTOR OF PROGRAMS

    Total calculated
    $115,169
    From this org
    $100,580
    From related orgs
    $0
    Other
    $14,589
    Hours/week
    40

  • Nico Carpenter

    DIRECTOR PEOPLE OPERATIONS

    Total calculated
    $114,772
    From this org
    $100,580
    From related orgs
    $0
    Other
    $14,192
    Hours/week
    40

  • Marcus Swift

    SENIOR PROJECT DIRECTOR

    Total calculated
    $140,323
    From this org
    $125,400
    From related orgs
    $0
    Other
    $14,923
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • ART POWER INC

    $6,079,677

    FOR GENERAL SUPPORT

  • NEW TECH INNOVATION LLC

    $2,689,281

    FOR GENERAL SUPPORT

  • MULTIVERSE MULTIMEDIA INC

    $1,456,875

    FOR GENERAL SUPPORT

  • SEED POD LLC

    $1,086,864

    FOR GENERAL SUPPORT

  • CRENSHAW DAIRY MART LLC

    $898,955

    FOR GENERAL SUPPORT

  • RIGHTEOUS DOVE FILMS INC

    $832,506

    FOR GENERAL SUPPORT

  • DAVE SHARP ENTERPRISES LLC

    $632,400

    FOR GENERAL SUPPORT

  • HEALING PROJECT ARTS LLC

    $546,017

    FOR GENERAL SUPPORT

  • ARTS 14C A NJ NONPROFIT CORPORATION

    $483,088

    FOR GENERAL SUPPORT

  • MIND CAPO INC

    $471,597

    FOR GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EXPONENTIAL CREATIVITY VENTURES INC

    C · INVESTING · NY · 82% owned · share of income $31 · share of assets $1,538,520 · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
14 July 2026
IRS schema version
2024v5.5
Source object
202641959349301939

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