Artsbuild
- Assets
- $20.8m
- Revenue
- $7.1m
- Investments
- $17.9m
- Employees
- 14
- 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 06/2022, Artsbuild employed 14 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 7 years, it has increased revenue by an average of 31.7% 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 128 individual grants totaling $6,970,717. 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
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:
Part 3 - Line 4a
ARTSBUILD PROVIDES BROAD FINANCIAL SUPPORT OF THE ARTS IN HAMILTON COUNTY THROUGH GRANTMAKING, INCLUDING COMPETITIVE ANNUAL OPERATING GRANTS FOR LOCAL ARTS ORGANIZATIONS, SMALL GRANTS FOR UNIQUE ARTS PROJECTS, AND GRANTS FOR INDIVIDUAL ARTISTS. IN FY2022, ARTSBUILD AWARDED GENERAL OPERATING SUPPORT GRANTS TO 19 ARTS ORGANIZATIONS AND COMMUNITY PROJECT SUPPORT GRANTS TO 20 RECIPIENTS. ADDITIONALLY, ARTSBUILD AWARDED 10 RACIAL EQUITY GRANTS FOR INDIVIDUAL ARTISTS, 7 TENNESSEE ARTS COMMISSION ABC GRANTS, 2 ARTISTS WORK GRANTS, AND 12 ARTS RECOVERY GRANTS.
IN FY2022, ARTSBUILD'S IMAGINE! ARTS EDUCATION INITIATIVE SERVED 13,700 PUBLIC SCHOOL STUDENTS IN GRADES K-4. TEACHERS AT EACH GRADE LEVEL HAD ACCESS TO A FREE ARTS EXPERIENCE FIELD TRIP OR VIDEO SERIES FOR THEIR STUDENTS AND RELATED CURRICULUM GUIDES. NEXT YEAR 5TH GRADE WILL BE FULLY INCORPORATED INTO THE PROGRAM, SO THAT STUDENTS IN GRADES K-5 WILL HAVE A SYSTEMATIC INTRODUCTION AND EXPOSURE TO THE ARTS. ARTSBUILD ALSO PROVIDED TWO FREE ARTS INTEGRATION PROFESSIONAL DEVELOPMENT WORKSHOPS FOR 58 LOCAL EDUCATORS.
ARTSBUILD SUPPORTS THE LOCAL ARTS SECTOR WITH PROGRAMS THAT PROVIDE RESOURCES, SKILLS TRAINING AND CAREER DEVELOPMENT. IN FY2022, ARTSBUILD OFFERED A SHARED SERVICES PROGRAM WITH A HOST OF CONSULTING SERVICES, PROVIDERS AND WORKSHOPS MATCHED WITH NEEDS OF ARTS ORGANIZATIONS, FACILITATED A COHORT OF ORGANIZATIONS UTILIZING MONKEYPOD SOFTWARE PLATFORM FOR NONPROFITS, HAD 126 PARTICIPANTS IN OUR TECH GOES HOME FOR THE ARTS PROGRAM, AND PLACED 4 COLLEGE STUDENTS IN 10-WEEK PAID PART-TIME INTERNSHIPS WITH ARTS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mckissic President | Officer | 40 | $112,865 |
Sallie P Lawrence Director Of Finance | Officer | 40 | $66,547 |
Andrea Becksvoot Board Member | Trustee | 1 | $0 |
Rowena Belcher Board Member | Trustee | 1 | $0 |
Nicole Brown Board Member | Trustee | 1 | $0 |
Roger Brown Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,449,052 |
| 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 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 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 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $19,415,198 |
Grants Awarded
Over the last fiscal year, Artsbuild has awarded $830,687 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ART 120 PURPOSE: GENERAL OPERATING SUPPORT | $11,500 |
BESSIE SMITH CULTURAL CENTER PURPOSE: GENERAL OPERATING SUPPORT | $7,250 |
CHATTANOOGA BALLET PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
CHATTANOOGA BOYS CHOIR PURPOSE: GENERAL OPERATING SUPPORT | $22,000 |
CHATTANOOGA SYMPHONY & OPERA PURPOSE: GENERAL OPERATING SUPPORT | $232,550 |
CHATTANOOGA THEATRE CENTRE PURPOSE: GENERAL OPERATING SUPPORT | $80,000 |