Arts Beats & Eats Foundation
- Assets
- $646.8k
- Revenue
- $619.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Royal Oak, MI
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 38-3612481
Organization Overview
Arts Beats & Eats Foundation is located in Royal Oak, MI. The organization was established in 2002. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Beats & Eats 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, Arts Beats & Eats Foundation generated $619.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $670.3k during the year ending 12/2022. While expenses have increased by 13.7% 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, Arts Beats & Eats Foundation has awarded 343 individual grants totaling $1,252,356. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO BE DISBURSED PRIMARILY TO SOUTHEASTERN MICHIGAN SECTION 501(C)(3) CHARITIES WHILE PROMOTING CULTURAL EXCHANGES WITHIN OAKLAND COUNTY AND SOUTHEASTERN MICHIGAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS RAISED THROUGH SPECIAL EVENTS DISBURSED TO IRC CODE SECTION 501(C)(3) CHARITIES AND PROGRAMS PROMOTING CULTURAL EXCHANGES
FUNDS RAISED THROUGH SPECIAL EVENTS PROGRAMS PROMOTING CULTURAL EXCHANGES FOR CITIZENS IN SOUTHEAST MICHIGAN
FUNDS RAISED TO SUPPORT THE ARTS BEATS & EATS FESTIVAL HELD IN SOUTHEASTERN MICHIGAN WHICH ADVANCES THE ARTS (MUSIC AND PERFORMING ARTS & ORIGINAL JURIED ARTWORK) WHILE PROMOTING CULTURAL EXCHANGES
FUNDS RAISED THROUGH SPECIAL EVENTS PROGRAMS PROMOTING CULTURAL EXCHANGES AND THE HEALTH OF THE CITIZENS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori A Witz President | OfficerTrustee | 2 | $0 |
Michael Hughes Secretary | OfficerTrustee | 0.01 | $0 |
Daniel J Cetnar Treasurer | OfficerTrustee | 0.01 | $0 |
Hank Wineman Member | Trustee | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,518 |
| Total Program Service Revenue | $8,284 |
| Investment income | $375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $574,798 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $618,975 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $335,869 |
| 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 | $0 |
| Fees for services: Accounting | $8,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $796 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $325,000 |
| Total functional expenses | $670,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $646,807 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $646,807 |
| 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 | $646,807 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $646,807 |
Grants Awarded
Over the last fiscal year, Arts Beats & Eats Foundation has awarded $249,678 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
WINTER BLAST FOUNDATION PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT. | $25,000 |
COTS PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT. | $7,500 |
FORGOTTEN HARVEST PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT. | $8,250 |
FERNDALE HIGH SCHOOL FINE ART BOOSTERS PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT. | $10,171 |
HAVEN PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT. | $11,802 |
LIGHTHOUSE OF OAKLAND COUNTY PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT. | $8,250 |