Artsbuild
- Assets
- $20.8m
- Revenue
- $7.1m
- Investments
- $17.9m
- Employees
- 11
- Location
- Chattanooga, TN
- Founding
- 02/1969
- Data as of
- 06/2021
- EIN
- 23-7005188
Organization Overview
Artsbuild is located in Chattanooga, TN. The organization was established in 1969. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Artsbuild employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artsbuild 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 06/2021, Artsbuild generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.9% each year . All expenses for the organization totaled $2.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Artsbuild has awarded 127 individual grants totaling $6,940,414. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO GALVANIZE BROAD PARTICIPATION IN AND WIDESPREAD SUPPORT OF THE ARTS.
Describe the Organization's Program Activity:
ARTSBUILD PROVIDES BROAD FINANCIAL SUPPORT OF THE ARTS IN HAMILTON COUNTY THROUGH COMPETITIVE ANNUAL GRANTS FOR LOCAL ARTS ORGANIZATIONS AND SMALLER GRANTS FOR UNIQUE ARTS PROJECTS, WITH THE GOAL TO INCREASE ACCESS TO THE ARTS. IN 2021, ARTSBUILD AWARDED GENERAL OPERATING SUPPORT GRANTS TO 21 ARTS ORGANIZATIONS AND COMMUNITY PROJECT SUPPORT GRANTS TO 28 RECIPIENTS.
IN 2020-2021, SINCE SCHOOL FIELD TRIPS WERE CANCELLED, ARTSBUILD PRODUCED 12 PROFESSIONAL QUALITY 10-MINUTE VIDEOS AS PART OF OUR IMAGINE! ARTS EDUCATION INITIATIVE, SO THAT STUDENTS IN GRADES K-5 WOULD HAVE AN ALTERNATIVE FORMAT TO EXPERIENCE AND LEARN THROUGH THE ARTS. THE VIDEOS WERE DISTRIBUTED TO ALL HAMILTON COUNTY ELEMENTARY SCHOOL TEACHERS, BUT ALSO HAD A WIDER REACH, THROUGH WTCI, YOUTUBE, EPB FI TV CHANNEL 200, AND LOCAL YOUTH AND FAMILY ORGANIZATIONS.
IN 2021, ARTSBUILD FOCUSED SEVERAL PROGRAMS ON SUPPORTING ARTISTS AND ART ORGANIZATIONS IN RECOVERY FROM NEGATIVE IMPACTS OF THE PANDEMIC. THROUGH SMALL GRANTS SUCH AS THE ARTIST EMERGENCY FUND AND THE GRASSROOTS ARTS RECOVERY FUND, ARTSBUILD WAS ABLE TO PROVIDE RELIEF TO MORE THAN A DOZEN INDIVIDUALS AND SMALL ARTS ORGANIZATIONS. ARTSBUILD ALSO EXPANDED ITS SHARED SERVICES PROGRAM FOR ARTS ORGANIZATIONS OF ALL SIZES TO SUPPORT THEM IN RACIAL EQUITY TRAINING, ACCOUNTING AND HUMAN RESOURCES, DEVELOPMENT AND MARKETING, AND DIGITAL SKILLS TRAINING. ADDITIONALLY, ARTSBUILD WAS PART OF AN EFFORT LED BY BLUECROSS BLUESHIELD OF TENNESSEE AND THE COMMUNITY FOUNDATION OF GREATER CHATTANOOGA TO ENGAGE ARTISTS AND ARTS ORGANIZATIONS IN A COVID-19 VACCINATION CAMPAIGN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mckissic President | Officer | 40 | $109,137 |
Sallie P Lawrence Director Of Finance | Officer | 40 | $63,978 |
Edna Varner Treasurer | OfficerTrustee | 1 | $0 |
Mary P Tanner Chairman | OfficerTrustee | 1 | $0 |
Marcus Mckamey Vice Chair | OfficerTrustee | 1 | $0 |
Sybil Topel Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,680,928 |
| All other contributions, gifts, grants, and similar amounts not included above | $768,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,449,052 |
| Total Program Service Revenue | $9,415 |
| Investment income | $12,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $69,200 |
| Net Gain/Loss on Asset Sales | $4,593,585 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,133,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,237,619 |
| Grants and other assistance to domestic individuals. | $40,888 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,115 |
| Compensation of current officers, directors, key employees. | $63,303 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,638 |
| Pension plan accruals and contributions | $16,127 |
| Other employee benefits | $53,737 |
| Payroll taxes | $31,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,113 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $53,473 |
| Office expenses | $19,450 |
| Information technology | $19,369 |
| Royalties | $0 |
| Occupancy | $60,838 |
| Travel | $3,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,649 |
| Insurance | $7,739 |
| All other expenses | $0 |
| Total functional expenses | $2,127,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $904,800 |
| 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 | $18,007 |
| Net Land, buildings, and equipment | $1,462,918 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,866,137 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,819,407 |
| Accounts payable and accrued expenses | $95,799 |
| 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 | $1,308,410 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,404,209 |
| Net assets without donor restrictions | $4,267,883 |
| Net assets with donor restrictions | $15,147,315 |
| 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 | $20,819,407 |
Grants Awarded
Over the last fiscal year, Artsbuild has awarded $883,415 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Chattanooga, TN PURPOSE: GENERAL OPERATING SUPPORT | $249,871 |
Chattanooga, TN PURPOSE: GENERAL OPERATING SUPPORT | $239,804 |
Chattanooga, TN PURPOSE: GENERAL OPERATING SUPPORT | $95,000 |
Chattanooga, TN PURPOSE: GENERAL OPERATING SUPPORT | $83,000 |
Chattanooga, TN PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
Chattanooga, TN PURPOSE: GENERAL OPERATING SUPPORT | $22,000 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Artsbuild has recieved totaling $759,346.
| Awarding Organization | Amount |
|---|---|
Lyndhurst Foundation Inc Chattanooga, TN PURPOSE: OPERATION SUPPORT AND ARTISTS WORK PROGRAM | $263,000 |
Benwood Foundation Inc Chattanooga, TN PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
Footprint Foundation Inc Chattanooga, TN PURPOSE: TO SUPPORT OPERATIONS AND THE 2020-2021 ARTIST WORK | $100,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: COVID-19 VACCINE EDUCATION | $68,000 |
Beacon Foundation Charitable Tr Kennesaw, GA PURPOSE: FUND "IMAGINE! INITIATIVE" TO HELP PROVIDE HAMILTON COUNTY, TN ELEMENTARY STUDENTS FREE ART AND CULTURAL EXPERIENCES PRSENTED BY LEADING ARTS ORGANIZATIONS AND FUND COMMUNITY CULTURAL CONNECTIONS. | $30,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: UNRESTRICTED | $17,000 |
Endowment Analysis
| Beg. Balance | $13,973,972 |
| Earnings | $4,605,847 |
| Grants | $716,040 |
| Ending Balance | $17,863,779 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Greater Charlotte Cultural Trust Charlotte, NC | $173,742,321 | $2,357,736 |
Fund For The Arts Inc Louisville, KY | $9,833,007 | $6,108,558 |
Virginia Foundation For The Humanities And Public Policy Charlottesville, VA | $13,497,972 | $6,667,303 |
Gwinnett Championship Foundation Inc Duluth, GA | $476,337 | $4,123,025 |
Americans For Public Trust Alexandria, VA | $249,074 | $3,628,537 |
Richard J Stern Foundation For The Arts Kansas City, MO | $50,258,336 | $4,476,999 |
Cobb Community Foundation Inc Atlanta, GA | $18,425,025 | $3,579,591 |
Memphis Museums Inc Memphis, TN | $7,243,926 | $3,293,679 |
Artsbuild Chattanooga, TN | $20,819,407 | $7,133,514 |
William R Kenan Jr Fund For The Arts Chapel Hill, NC | $30,178,263 | $1,461,510 |
Chesterfield Cultural Arts Foundation Chester, VA | $1,189,257 | $621,062 |
Community Capital Fund Kansas City, MO | $1,497,991 | $1,400,960 |