Totals
- Total revenue
- $924,785
- Total expenses
- $776,008
- Contributions and grants received
- $796,528
- Grants paid
- $0
- Program service revenue
- $125,800
- Investment income
- $0
- Other revenue
- $2,457
- Total assets, end of year
- $508,685
- Total liabilities, end of year
- $347,311
- Net assets or fund balances, end of year
- $161,374
- Program services expenses (Part IX)
- $475,760
- Management and general expenses
- $224,807
- Fundraising expenses
- $75,441
- Program service expenses (Part III)
- $475,760
Program services were 61.3% 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
$223,869
-
1c · Fundraising events
$73,260
-
1f · All other contributions, gifts and grants
$499,399
-
2a · Program service revenue: EVENT FEES AND COMMISS
total $125,800 · related or exempt $125,800
-
8a · Fundraising events: gross income
$124,181
-
8a · Fundraising events: contributions included on line 1c
$73,260
-
8b · Fundraising events: direct expenses
$124,181
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: MISCELLANEOUS
total $2,457 · excluded $2,457
-
11e · Other revenue, total
$2,457
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $64,769 · management and general $32,385 · fundraising $32,384
-
11b · Fees: legal
total $9,538 · management and general $9,538
-
11c · Fees: accounting
total $10,500 · management and general $10,500
-
11g · Fees: other
total $596,007 · program services $429,101 · management and general $133,156 · fundraising $33,750
-
13 · Office expenses
total $23,925 · program services $23,925
-
17 · Travel
total $5,308 · program services $4,186 · management and general $694 · fundraising $428
-
23 · Insurance
total $13,457 · management and general $13,457
-
24a · Other expenses: OTHER EXPENSES
total $35,507 · program services $1,551 · management and general $25,077 · fundraising $8,879
-
24b · Other expenses: EVENT AND AWARD EXPENSE
total $15,997 · program services $15,997
-
24c · Other expenses: STORAGE
total $1,000 · program services $1,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $168,980 · end of year $320,776
-
3 · Pledges and grants receivable
beginning of year $63,895 · end of year $170,909
-
4 · Accounts receivable
beginning of year $4,690 · end of year $17,000
-
10a · Land, buildings and equipment: cost or other basis
$24,217
-
10b · Land, buildings and equipment: accumulated depreciation
$24,217
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $46,842 · end of year $39,115
-
19 · Deferred revenue
beginning of year $50,416 · end of year $180,486
-
22 · Loans and payables to officers and key people
beginning of year $127,710 · end of year $127,710
-
27 · Net assets without donor restrictions
beginning of year -$12,403 · end of year $41,374
-
28 · Net assets with donor restrictions
beginning of year $25,000 · end of year $120,000
Mission and programs · 2024
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, IN ADDITION TO CONTINUING ITS ONGOING PUBLICATION OF FREE CONTENT, CONTINUED ITS MEMBERSHIP PROGRAM AND TOOK LARGE STRIDES TO EXPAND ITS PARTNERSHIPS AND FUNDRAISING, WITH AN ADDITIONAL FOCUS ON OBTAINING GRANTS FOR FOCUSED CONTENT. IN ADDITION, IT BEGAN TO ENGAGE IN SPEAKING EVENTS ACROSS THE COUNTRY, TO HELP SPREAD THE PUBLICATIONS MISSION AND CREATE MICRO COMMUNITIES AMONGST ITS READERS.
Expenses $429,101 · Revenue $125,800
-
AFTER THE INITIAL SUCCESS OF THEATER OF THE MIND IN 2022, THE YEAR WAS SPENT RECALIBRATING AND FOCUSING ON THE BEST NEXT STEPS FOR THE PRODUCTION, ENGAGING WITH SEVERAL POTENTIAL PRODUCING PARTNERS TO EXPLORE
Expenses $46,659
As filed on the 2024 return.
Listed in Part VII
-
David ByrneDAVID BYRNE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Karen WongKAREN WONG
TREASURER
- Total calculated
- $0
- Hours/week
- 0.25
-
Malue Abeni ByrneMALUE ABENI BYRNE
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.25
-
Abigail DisneyABIGAIL DISNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Rebecca Faulkner Started 624REBECCA FAULKNER STARTED 624
EXECUTIVE DIRECTOR
- Total calculated
- $33,462
- From this org
- $33,462
- From related orgs
- $0
- Other
- $0
- Hours/week
- 29
-
Emily Simoness Fm 124 To 324EMILY SIMONESS FM 124 TO 324
EXECUTIVE DIRECTOR
- Total calculated
- $28,000
- From this org
- $28,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 29
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503179349303330
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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