Bee Cave Arts Foundation
- Assets
- $75.2k
- Revenue
- $140.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Bee Cave, TX
- Founding
- 12/2010
- Data as of
- 12/2022
- EIN
- 27-3161727
Organization Overview
Bee Cave Arts Foundation is located in Bee Cave, TX. The organization was established in 2010. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Bee Cave Arts Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bee Cave Arts Foundation 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 12/2022, Bee Cave Arts Foundation generated $140.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $215.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BEE CAVE ARTS FOUNDATION HAS BEEN IN EXISTENCE SINCE 2010. THE FOUNDATION IS A NONPROFIT WITH A MISSION TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY AND TO ENHANCE THE EXPERIENCE OF VISITORS BY BRINGING AWARENESS EDUCATION AND INTEGRATION OF A WIDE RANGE OF ART THROUGHOUT PUBLIC SPACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUZZFEST IS AN ANNUAL CENTRAL TEXAS FESTIVAL THAT CELEBRATES THE FUTURE OF ART WITH LIGHT MUSIC AND TECHNOLOGY.
BEE CAVE ARTS FOUNDATION MAINTAINS A COMMUNITY ART CENTER SPACE AT THE HILL COUNTRY GALLERIA THE HIVE WITH A HANDS-ON CHILDREN'S ART AREA COMMUNITY SERVICE PROJECTS FOR VOLUNTEERS AND ART CLASSES FOR ADULTS AND CHILDREN. YEAR-ROUND ART CLASSES FOR ADULTS AND CHILDREN ARE OFFERED AT THE HIVE AS WELL AS SUMMER ART CAMPS FOR YOUTH.
BEE CAVE ARTS FOUNDATION'S COMMUNITY ART CENTER SPACE THE HIVE HOSTS EXHIBITIONS OF STUDENT AND LOCAL ARTISTS. THE BEE CAVE SCULPTURE PARK IS A SERENE OUTDOOR SPACE FEATURING A WIDE RANGE OF ARTISTIC STYLES AND MATERIALS FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Nussbaum Cobb Board President | Trustee | 10 | $0 |
Chad Bockius Board Vice President | Trustee | 2 | $0 |
Deby Childress Board Treasurer Director | Trustee | 15 | $16,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,365 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,065 |
| Total Program Service Revenue | $38,790 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $140,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $16,600 |
| Compensation of current officers, directors, key employees. | $16,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $729 |
| Fees for services: Management | $799 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,642 |
| Advertising and promotion | $8,552 |
| Office expenses | $31,187 |
| Information technology | $2,134 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $288 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,048 |
| Insurance | $576 |
| All other expenses | $633 |
| Total functional expenses | $215,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,344 |
| Savings and temporary cash investments | $0 |
| 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 | $2,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,191 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $72,344 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,847 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $75,191 |