Fractured Atlas Inc
- Assets
- $30.6m
- Revenue
- $39.9m
- Investments
- $0.0
- Employees
- 23
- Location
- New York, NY
- Founding
- 10/1998
- Data as of
- 08/2023
- EIN
- 11-3451703
Organization Overview
Fractured Atlas Inc is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Fractured Atlas Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fractured Atlas Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Fractured Atlas Inc generated $39.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $35.8m during the year ending 08/2023. While expenses have increased by 5.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fractured Atlas Inc has awarded 3,325 individual grants totaling $113,948,158. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FRACTURED ATLAS IS TO MAKE THE JOURNEY FROM INSPIRATION TO PRACTICE MORE ACCESSIBLE AND EQUITABLE FOR ARTISTS AND CREATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRACTURED ATLAS, INC. SERVES AS THE FISCAL SPONSOR TO 3,961 INDIVIDUAL ARTISTS AND ARTS ORGANIZATIONS AROUND THE UNITED STATES. FRACTURED ATLAS RECEIVES, HOLDS, AND DISTRIBUTES GRANTS AND CONTRIBUTIONS ON BEHALF OF THESE PROJECTS.
PROCESSING CONSULTATION/NO OBJECTION LETTERS FOR O & P VISAS FOR INDIVIDUALS APPLYING TO WORK AS ARTISTS IN THE UNITED STATES.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Hubbard CEO | OfficerTrustee | 40 | $210,250 |
Russell Willis Taylor Chair | OfficerTrustee | $0 | |
Ramphis Castro Vice Chair | OfficerTrustee | $0 | |
Mukti Khaire Treasurer | OfficerTrustee | $0 | |
Lisa Yancey Secretary | OfficerTrustee | $0 | |
E Andrew Taylor Executive Tr | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $621,212 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $866,978 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,389,300 |
| Noncash contributions included in lines 1a–1f | $886,619 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,877,490 |
| Total Program Service Revenue | $632,775 |
| Investment income | $480,178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $739,202 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,921,262 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,470,204 |
| Grants and other assistance to domestic individuals. | $8,965,813 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,373 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,895,173 |
| Pension plan accruals and contributions | $86,364 |
| Other employee benefits | $182,862 |
| Payroll taxes | $148,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,043,458 |
| Advertising and promotion | $244,662 |
| Office expenses | $23,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $62,110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,809 |
| All other expenses | $6,063 |
| Total functional expenses | $35,830,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,461,819 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $424,111 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,261,732 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $455,134 |
| Other assets | $45,120 |
| Total assets | $30,647,916 |
| Accounts payable and accrued expenses | $151,355 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $151,355 |
| Net assets without donor restrictions | $4,450,285 |
| Net assets with donor restrictions | $26,046,276 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,647,916 |
Grants Awarded
Over the last fiscal year, Fractured Atlas Inc has awarded $20,589,445 in support to 432 organizations.
| Grant Recipient | Amount |
|---|---|
18TH & UNION | | | $57,970 |
53RD STATE PRESS | | | $15,503 |
8-BALL COMMUNITY INC | | | $9,726 |
5TH WALL STUDIO LLC | | | $55,327 |
AARON COHEN PRODUCTIONS LLC | | | $22,247 |
99 CANAL LTD | | | $10,500 |