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← FRACTURED ATLAS INC

Form 990 for tax year 2023

Filed by FRACTURED ATLAS INC.

Totals

Total revenue
$42,006,863
Total expenses
$39,063,438
Contributions and grants received
$39,322,246
Grants paid
$34,395,662
Program service revenue
$704,929
Investment income
$1,966,021
Other revenue
$13,667
Total assets, end of year
$35,390,554
Total liabilities, end of year
$73,141
Net assets or fund balances, end of year
$35,317,413
Program services expenses (Part IX)
$37,770,549
Management and general expenses
$554,096
Fundraising expenses
$738,793
Program service expenses (Part III)
$37,770,549

Program services were 96.7% 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

    $623,905

  • 1e · Government grants (contributions)

    $1,006,455

  • 1f · All other contributions, gifts and grants

    $37,691,886

  • 1g · Noncash contributions included above

    $854,112

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $497,945 · related or exempt $497,945

  • 2b · Program service revenue: NON-DEDUCTIBLE PORTION OF CON

    total $206,984 · related or exempt $206,984

  • 3 · Investment income

    total $735,804 · excluded $735,804

  • 7a · Gross sales of assets other than inventory

    securities $11,760,789

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

    securities $10,530,572

  • 7c · Gain or loss

    securities $1,230,217

  • 7d · Net gain or loss

    total $1,230,217 · related or exempt $1,230,217

  • 11a · Other revenue: MISCELLANEOUS

    total $13,667 · related or exempt $13,667

  • 11e · Other revenue, total

    $13,667

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,599,037 · program services $25,599,037

  • 2 · Grants to domestic individuals

    total $8,796,625 · program services $8,796,625

  • 7 · Other salaries and wages

    total $2,076,334 · program services $1,349,617 · management and general $311,450 · fundraising $415,267

  • 8 · Pension plan contributions

    total $100,003 · program services $65,002 · management and general $15,000 · fundraising $20,001

  • 9 · Other employee benefits

    total $194,448 · program services $126,391 · management and general $29,167 · fundraising $38,890

  • 10 · Payroll taxes

    total $167,099 · program services $108,614 · management and general $25,065 · fundraising $33,420

  • 11c · Fees: accounting

    total $20,123 · program services $13,080 · management and general $3,018 · fundraising $4,025

  • 11g · Fees: other

    total $1,314,520 · program services $1,189,190 · management and general $53,713 · fundraising $71,617

  • 12 · Advertising and promotion

    total $40,686 · program services $31,696 · management and general $3,853 · fundraising $5,137

  • 13 · Office expenses

    total $16,212 · program services $10,538 · management and general $2,432 · fundraising $3,242

  • 17 · Travel

    total $101,325 · program services $66,668 · management and general $14,853 · fundraising $19,804

  • 23 · Insurance

    total $8,159 · program services $5,303 · management and general $1,224 · fundraising $1,632

  • 24a · Other expenses: SERVICE CHARGES & PROCESS

    total $392,268 · program services $254,974 · management and general $58,841 · fundraising $78,453

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $144,193 · program services $93,725 · management and general $21,629 · fundraising $28,839

  • 24c · Other expenses: TELECOM & INTERNET

    total $67,959 · program services $44,173 · management and general $10,194 · fundraising $13,592

  • 24d · Other expenses: ORGANIZATIONAL DEVELOPMEN

    total $13,907 · program services $9,040 · management and general $2,086 · fundraising $2,781

  • 24e · All other expenses

    total $10,540 · program services $6,876 · management and general $1,571 · fundraising $2,093

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,461,819 · end of year $8,882,317

  • 4 · Accounts receivable

    beginning of year $424,111 · end of year $324,490

  • 11 · Investments: publicly traded securities

    beginning of year $21,261,732 · end of year $25,657,719

  • 14 · Intangible assets

    beginning of year $455,134 · end of year $455,134

  • 15 · Other assets

    beginning of year $45,120 · end of year $70,894

  • 17 · Accounts payable and accrued expenses

    beginning of year $151,355 · end of year $73,141

  • 27 · Net assets without donor restrictions

    beginning of year $4,450,285 · end of year $9,416,966

  • 28 · Net assets with donor restrictions

    beginning of year $26,046,276 · end of year $25,900,447

Mission and programs · 2023

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 3,905 INDIVIDUAL ARTISTS AND ARTS ORGANIZATIONS AROUND THE UNITED STATES. FRACTURED ATLAS RECEIVES, HOLDS, AND DISTRIBUTES GRANTS AND CONTRIBUTIONS ON BEHALF OF THESE PROJECTS.

    Expenses $36,722,448 · Grants $34,395,662 · Revenue $245,829

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

    Expenses $30,910 · Revenue $459,100

  • IN DECEMBER 2021, FRACTURED ATLAS JOINED THE ANDREW W. MELLON FOUNDATION FOR AN INDEPENDENT RESEARCH PROJECT TO REIMAGINE THE SUPPORT LANDSCAPE FOR ARTISTS THROUGH TECHNOLOGY. THIS 3-YEAR GRANT WILL BE A SHARED EXPLORATION WITH MELLON AND OTHER ARTS ORGANIZATIONS INTO WHAT'S NEXT IN THE ROBUST SERVICE AND SUPPORT OF WORKING ARTISTS.

    Expenses $1,017,191 · Revenue $3,750,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Theresa Hubbard

    CEO

    Total calculated
    $244,069
    From this org
    $210,000
    From related orgs
    $0
    Other
    $34,069
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $34,069
    Nontaxable benefits
    not reported
    Filer's total
    $244,069

  • E Andrew Taylor

    CHAIR

    Total calculated
    $0

  • Ramphis Castro

    VICE CHAIR

    Total calculated
    $0

  • Mukti Khaire

    TREASURER

    Total calculated
    $0

  • Lisa Yancey

    SECRETARY

    Total calculated
    $0

  • Holly Sidford

    BOARD MEMBER

    Total calculated
    $0

  • Elizabeth Scott

    BOARD MEMBER

    Total calculated
    $0

  • Christopher J Mackie PhD

    BOARD MEMBER

    Total calculated
    $0

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

None.

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

  • NEW TECH INNOVATION LLC

    $2,102,418

  • ART POWER INC

    $2,008,158

  • CRENSHAW DAIRY MART LLC

    $1,301,335

  • SAGANWORKS INC

    $1,208,436

  • SEED POD LLC

    $741,543

  • CYLAND FOUNDATION INC

    $616,884

  • MIND CAPO INC

    $549,851

  • DAVE SHARP ENTERPRISES LLC

    $536,719

  • SANTA FE INTERNATIONAL LITERARY FES

    $484,019

  • SCOPE OF WORK CO

    $445,117

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 IN

    INVESTING · NY

Provenance

Return type
form_990
Tax year
2023
Filed
24 April 2025
IRS schema version
2023v6.0
Source object
202521199349300307

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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