Artsbridge Foundation Inc
- Assets
- $217.7k
- Revenue
- $632.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 01/2005
- Data as of
- 09/2023
- EIN
- 20-1638556
Organization Overview
Artsbridge Foundation Inc is located in Atlanta, GA. The organization was established in 2005. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artsbridge Foundation 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 09/2023, Artsbridge Foundation Inc generated $632.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $800.4k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE LIVES OF GEORGIA PRE-K TO 12TH GRADE STUDENTS THROUGH TRANSFORMATIVE ARTS EDUCATION EXPERIENCES.ARTSBRIDGE FOUNDATION PROVIDES EXCEPTIONAL ARTS EDUCATION PROGRAMS AND EXPERIENCES, WHICH ARE TIED TO CLASSROOM CURRICULUM AND THE GEORGIA STANDARDS OF EXCELLENCE, TO ENGAGE, MOTIVATE AND ELEVATE GEORGIA'S PRE-K-12 PUBLIC, PRIVATE, CHARTER, MAGNET, CYBER, AND HOMESCHOOL STUDENTS.SINCE 2007, ARTSBRIDGE HAS ENGAGED NEARLY 425,000 PRE-K-12 STUDENTS AND EDUCATORS FROM 70 GEORGIA COUNTIES (AND EVEN FIVE SURROUNDING STATES!). WE OFFER HIGH-QUALITY, CURATED PROGRAMS AT THE COBB ENERGY CENTRE IN THE FORM OF FIELD TRIPS, PROFESSIONAL DEVELOPMENT TECH THEATRE WORKSHOPS, AND THE ANNUAL GEORGIA HIGH SCHOOL MUSICAL THEATRE AWARDS (NOMINATED FOR 11 SOUTHEAST EMMY AWARDS WITH FIVE WINS!).
Describe the Organization's Program Activity:
Part 3 - Line 4a
FASHIONED AFTER BROADWAY'S TONY AWARDS, THE GEORGIA HIGH SCHOOL MUSICAL THEATRE AWARDS (GHSMTA) PROGRAM CELEBRATES EXCELLENCE IN HIGH SCHOOL MUSICAL THEATRE. THE YEAR-ROUND PROGRAM EMBODIES A SPIRIT OF CAMARADERIE AND CELEBRATION FOR THE ARTS IN HIGH SCHOOLS ACROSS GEORGIA. NEARLY 5,000 STUDENTS PARTICIPATE ANNUALLY IN THE LIFE-CHANGING PROGRAM. ATLANTA'S COBB ENERGY PERFORMING ARTS CENTRE PROVIDES A BEAUTIFUL, STATE-OF-THE-ART HOME FOR THE GHSMTA.
FIELD TRIPS - THE ANNUAL FIELD TRIP PROGRAM ALLOWS STUDENTS TO HAVE FIRST-HAND EDUCATIONAL EXPERIENCES THAT DIRECTLY TIE TO CLASSROOM CURRICULUM AND THE GEORGIA STANDARDS OF EXCELLENCE.
SNACK PACK PROGRAM - MANY STUDENTS RELY ON THE FREE LUNCH PROGRAM AS THEIR PRIMARY MEAL DURING THE SCHOOL DAY. TO PARTNER IN THE FIGHT AGAINST FOOD INSECURITY, AND TO ASSIST THE ACADEMIC JOURNEY OF OUR PRE-K-12 STUDENTS, EVERY STUDENT WHO ATTENDS AN ARTSBRIDGE FIELD TRIP RECEIVES A NUTRITIOUS SNACK PACK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samit Roy Director | Trustee | 1 | $0 |
Joanne Truffelman President | OfficerTrustee | 2 | $0 |
Barbarella Diaz Director | Trustee | 1 | $0 |
Jerry Nix Director | Trustee | 1 | $0 |
Clare Richardson Director | Trustee | 1 | $0 |
Fran Friedrich Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $98,906 |
| Related organizations | $172,032 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $557,108 |
| Total Program Service Revenue | $79,321 |
| Investment income | $131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,822 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $456 |
| Fees for services: Accounting | $9,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $317,628 |
| Advertising and promotion | $21,194 |
| Office expenses | $10,416 |
| Information technology | $3,619 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,444 |
| 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 | $885 |
| Insurance | $0 |
| All other expenses | $77,062 |
| Total functional expenses | $800,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,413 |
| Savings and temporary cash investments | $2,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,122 |
| Total assets | $217,703 |
| Accounts payable and accrued expenses | $27,612 |
| Grants payable | $0 |
| Deferred revenue | $45,000 |
| 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 | $24,908 |
| Total liabilities | $97,520 |
| Net assets without donor restrictions | $105,920 |
| Net assets with donor restrictions | $14,263 |
| 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 | $217,703 |