Foundation For Arts And Cultural Connections Inc
- Assets
- $146.4k
- Revenue
- $323.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 45-4000275
Organization Overview
Foundation For Arts And Cultural Connections Inc is located in Birmingham, AL. The organization was established in 2014. According to its NTEE Classification (A27) the organization is classified as: Community Celebrations, 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. Foundation For Arts And Cultural Connections 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 12/2022, Foundation For Arts And Cultural Connections Inc generated $323.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $295.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. 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
TO DEVELOP ARTS AND CULTURAL EXPERIENCES FOR THE COMMUNITY THROUGH PARTNERSHIPS CREATING EDUCATIONAL OPPORTUNITIES, DIALOGUE, EXPERIMENTATION AND APPRECIATION OF THE ARTS, DESIGN ARTS, NATURE AND SUSTAINABILITY INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCE TWO ART FESTIVALS, MOSS ROCK FESTIVAL AND MAGIC CITY ART CONNECTION, WHICH HOSTS HUNDREDS OF WORKING ARTISTS, MANY OF THE REGIONS ARTS AND CULTURAL ORGANIZATIONS, STUDENTS OF ELEMENTARY, HIGH SCHOOL AND UNIVERSITY SCHOOL SYSTEMS, AND A GROWING NUMBER OF NON-PROFIT ORGANIATIONS FROM NATURE, SUSTAINABILITY AND ECO-DESIGN SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Boehm Director | Trustee | 1 | $0 |
Judy Thompson Director | Trustee | 1 | $0 |
Katherine Estes Billmeier Director | Trustee | 1 | $0 |
Jennifer Whisenant Director | Trustee | 1 | $0 |
Dan Bynum Director | Trustee | 1 | $0 |
Kate Cleveland Director | Trustee | 1 | $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 | $63,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,365 |
| Total Program Service Revenue | $259,772 |
| 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 | $323,137 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $185,577 |
| Advertising and promotion | $7,953 |
| Office expenses | $29 |
| Information technology | $2,020 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $506 |
| 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 | $4,209 |
| All other expenses | $29,264 |
| Total functional expenses | $295,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,443 |
| 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 | $146,443 |
| 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 | $146,443 |
| 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 | $146,443 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Notes For Notes Incorporated Nashville, TN | $3,023,685 | $1,771,612 |
Jackson Madison County Bicentennial Commission Jackson, TN | $592,672 | $403,100 |
Foundation For Arts And Cultural Connections Inc Birmingham, AL | $146,443 | $323,137 |
Jefferson County Festival Charities Dandridge, TN | $52,597 | $219,131 |
Bands Of The Villages Inc The Villages, FL | $41,994 | $0 |
Mule Fest Inc Columbia, TN | $9,094 | $0 |
Bone Island Regatta Sarasota, FL | $1,754 | $0 |
Poke Sallet Foundation Gainesboro, TN | $3,210 | $0 |
Music For The Panhandle Inc Pensacola, FL | $0 | $0 |
Peachtree Corners Festival Inc Peachtree Corners, GA | $26,694 | $0 |