National Black Arts Festival Inc
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Atlanta, GA
- Founding
- 07/1987
- Data as of
- 12/2022
- EIN
- 58-1736780
Organization Overview
National Black Arts Festival Inc is located in Atlanta, GA. The organization was established in 1987. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, National Black Arts Festival Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Black Arts Festival 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, National Black Arts Festival Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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 EXPOSE, EDUCATE, ENGAGE AND ENTERTAIN AUDIENCES AS WE PRESENT AND SUPPORT ART AND ARTISTS OF AFRICAN DESCENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NBAF IS A 30-YEAR, MULTIDISCIPLINARY ARTS ORGANIZATION WITH A HISTORY OF STELLAR ARTISTIC AND EDUCATIONAL PROGRAMMING IN MUSIC, DANCE, FILM, THEATER, VISUAL AND LITERARY ARTS. THE ORGANIZATION HAS EVOLVED FROM A SEASONAL FESTIVAL TO A YEAR-ROUND PROGRAMMING SHOWCASING ARTISTS OF AFRICAN DESCENT WHO CREATE, INNOVATE AND PRODUCE EXTRAORDINARY WORK. NBAF PRESENTS YEAR-ROUND ARTISTIC PROGRAMMING OFFERED FOR FREE AND/OR REDUCED RATES FOR YOUTH AND ADULTS INCLUDING PERFORMANCES, MASTER CLASSES, MULTI-MEDIA PRESENTATIONS, THEATER PRODUCTIONS, FILM SCREENINGS, WORKSHOPS AND EXHIBITS.
MOVE/DANCE M/D PROGRAM BRINGS ARTS EDUCATION AND PHYSICAL ACTIVITY IN SELECT MIDDLE SCHOOLS IN UNDERSERVED AREAS. THE PROGRAMS PROMOTE EDUCATIONAL ENRICHMENT BY TEACHING THE RICH HISTORY OF BLACK DANCE, DANCERS AND CHOREOGRAPHERS WHO PAVED THE WAY. THE PROGRAM ALSO ENCOURAGES THE STUDENTS TO IMPROVE THEIR PRESENTATION SKILLS AND CULMINATES IN A FINAL DANCE PERFORMANCE.
NEXTGEN ARTIST NGA PROGRAM NURTURES THE DREAMS AND ARTISTIC TALENTS OF SELECT HIGH SCHOOL STUDENTS IN UNDERSERVED AREAS WHO ARE EMERGING ARTISTS. THIS PROGRAM EXPOSES STUDENTS TO POSSIBLE CAREER FIELDS IN FILM/MEDIA, VISUAL ARTS AND FASHION DESIGN BY EXPOSING THEM TO ARTS PROFESSIONALS AND PARTNERING THEM WITH TEACHING ARTISTS IN EACH ARTS DISCIPLINE TO CREATE A FINAL PERFORMANCE, SHOWCASE OR DOCUMENTARY. NGA RISING STAR STUDENTS ARE OFFERED SCHOLARSHIPS TO ATTEND ARTS IMMERSION PROGRAMS AT SAVANNAH COLLEGE OF ART AND DESIGN SCAD ATLANTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Owens Executive Director | OfficerTrustee | 40 | $166,810 |
Tracey Lloyd Chairperson | OfficerTrustee | 1 | $0 |
Lisa Bonner Vice Chairperson | OfficerTrustee | 1 | $0 |
Lisa Griffin Treasurer | OfficerTrustee | 1 | $0 |
Danica Kombol Secretary | OfficerTrustee | 1 | $0 |
Kateau James Board Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $578,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $236,076 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $814,601 |
| Total Program Service Revenue | $0 |
| 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 | $342,577 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,183,028 |
| 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. | $166,810 |
| Compensation of current officers, directors, key employees. | $53,379 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,780 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,054 |
| 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 | $379,192 |
| Advertising and promotion | $16,511 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,690 |
| 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 | $3,827 |
| Insurance | $27,584 |
| All other expenses | $120,893 |
| Total functional expenses | $1,108,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $999,296 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,500 |
| 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 | $48,743 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,022 |
| Total assets | $1,144,933 |
| Accounts payable and accrued expenses | $4,653 |
| 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 | $75,567 |
| Total liabilities | $80,220 |
| Net assets without donor restrictions | $510,808 |
| Net assets with donor restrictions | $553,905 |
| 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 | $1,144,933 |