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← AMERICANS FOR THE ARTS FOUNDATIONINC

Form 990 for tax year 2022

Filed by AMERICANS FOR THE ARTS FOUNDATIONINC.

Totals

Total revenue
$797,679
Total expenses
$6,717
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$797,679
Other revenue
$0
Total assets, end of year
$3,213,181
Total liabilities, end of year
$1,674
Net assets or fund balances, end of year
$3,211,507
Program services expenses (Part IX)
$0
Management and general expenses
$6,717
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $63,131 · excluded $63,131

  • 7a · Gross sales of assets other than inventory

    securities $734,548

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

    securities $0

  • 7c · Gain or loss

    securities $734,548

  • 7d · Net gain or loss

    total $734,548 · excluded $734,548

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $6,695 · management and general $6,695

  • 13 · Office expenses

    total $22 · management and general $22

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,044 · end of year $1,900

  • 11 · Investments: publicly traded securities

    beginning of year $3,804,977 · end of year $3,211,281

  • 17 · Accounts payable and accrued expenses

    end of year $1,674

  • 27 · Net assets without donor restrictions

    beginning of year $6,943 · end of year -$1,745

  • 28 · Net assets with donor restrictions

    beginning of year $3,805,078 · end of year $3,213,252

Mission and programs · 2022

Mission

To carry out activities to raise funds from grants, contributions, bequest and devises, and support the charitable purposes of Americans for the Arts.

Activities or mission (Part I)

To carry out activities to support the charitable purposes of Americans for the Arts.

  • The Americans for the Arts Foundation (the Foundation) distributes grants from established funds to support the charitable activities of Americans for the Arts, Inc. (AFTA):1. Grants from the Johnson Fund to support an annual artist fellowship at AFTA.2. Grants from the Lehr Fund to support professional development efforts at AFTA.3. Grants from the Fergeson Fund to support rural programming efforts at AFTA.

As filed on the 2022 return.

Listed in Part VII

  • Nolen Bivens

    President & CEO

    Total calculated
    $562,698
    From this org
    $0
    From related orgs
    $551,698
    Other
    $11,000
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $550,000 related
    Bonus
    $0
    Other
    $0 + $1,698 related
    Deferred
    $0 + $11,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $562,698 related

  • Julie C Muraco

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michael S Verruto

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Glen Howard

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Charmaine Warmenhoven

    Director

    Total calculated
    $0
    Hours/week
    1

  • William Lehr Jr

    Chair

    Total calculated
    $0
    Hours/week
    1 + 3 related

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

The filer's explanations (Part III)

Part I:
The Foundation does not directly hire or compensate employees. All contract labor are employees of AFTA, a related organization under section 501(c)(3). The Foundation has a contract labor agreement with AFTA. All officers of AFTA serve the Foundation on a volunteer basis.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Americans for the Arts Inc

    501(c)(3) · Advancing the arts · DC

  • Arts & Business Council of New York

    501(c)(3) · Foster cooperation between business and arts organizations · NY

    Directly controlled by Americans for the Arts Inc

  • Americans for the Arts Action Fund

    501(c)(4) · Seeks to engage citizens in education and advocacy in support of the arts · DC

    Directly controlled by Americans for the Arts Inc

  • Americans for the Arts Action Fund PAC

    527 · Political activity · DC

    Directly controlled by Americans for the Arts Action Fund

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349331363

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