Fund For The Arts Inc is located in Louisville, KY. The organization was established in 1953. 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, Fund For The Arts Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For The Arts 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 06/2022, Fund For The Arts Inc generated $6.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $6.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fund For The Arts Inc has awarded 563 individual grants totaling $47,805,007. 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
VISION STATEMENT: WE ENVISION A HEALTHY AND VIBRANT COMMUNITY WHERE EVERYONE EMBRACES THE ART THAT EXISTS IN OUR LIVES EVERY DAY, EVERYONE CONTRIBUTES TO THE WELL-BEING OF OUR ARTS COMMUNITY, AND IT IS UNDERSTOOD THAT EVERYONE BELONGS TO THE ARTS COMMUNITY. MISSION STATEMENT: WE CONTRIBUTE TO THE OVERALL HEALTH AND WELL-BEING OF OUR COMMUNITY BY GENERATING RESOURCES FOR, INVESTING IN, AND SUPPORTING OUR LOCAL ARTS, ARTISTS AND ARTS ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT THE FUND FOR THE ARTS, WE BELIEVE THAT ART IS A RIGHT, NOT A PRIVILEGE BECAUSE ART IS A FUNDAMENTAL EXPRESSION OF THE HUMAN CONDITION. WE ENVISION A HEALTHY AND VIBRANT COMMUNITY WHERE EVERYONE EMBRACES THE ART THAT EXISTS IN OUR LIVES EVERY DAY, WHERE EVERYONE CONTRIBUTES TO THE WELL-BEING OF OUR ARTS COMMUNITY, AND WHERE EVERYONE BELONGS. OUR MISSION IS TO CONTRIBUTE TO THE OVERALL HEALTH AND WELL-BEING OF OUR COMMUNITY BY GENERATING RESOURCES FOR, INVESTING IN, AND SUPPORTING OUR LOCAL ARTS, ARTISTS AND ARTS ORGANIZATIONS. THE FUND BUILDS A STRONGER COMMUNITY BY INVESTING IN A BROAD RANGE OF ARTS, ARTISTS AND ARTS ORGANIZATIONS AND ARTISTIC PROGRAMS ACROSS THE REGION. WE WORK WITH OUR COMMUNITY LEADERS TO BEST LEVERAGE THE IMPACT OF THE ARTS ON COMMUNITY PRIORITIES SUCH AS EQUITY AND BELONGING, EDUCATION, SUSTAINABILITY AND HEALTH AND WELL-BEING. BEYOND FUNDING ORGANIZATIONS, PROJECTS, AND PROGRAMS, WE PROVIDE SUPPORT THROUGH CONVENING, CAPACITY BUILDING, PROMOTION AND ADVOCACY. TO ACHIEVE THIS, WE PROVIDE NUMEROUS PROGRAMS FOR GRANT-MAKING, IN-KIND RESOURCE SUPPORT, AND STRATEGIC PLANNING FOR ORGANIZATIONS THAT HELP EMPOWER EVERY RESIDENT IN OUR CITY TO SEE THEMSELVES AS AN ARTIST AND A PART OF THE CITY'S ARTISTIC LANDSCAPE. WE CONTINUE TO INTEGRATE EQUITY AND BELONGING FURTHER INTO THE ARTS COMMUNITY AS WE HELP BUILD CAPACITY AND ACCESS THROUGH OUR PROGRAMS. SOME OF OUR PROGRAMS AND INITIATIVES INCLUDE: ARTS IN INSTITUTIONS THE ORIGINAL FUND FOR THE ARTS INITIATIVE, ARTS IN INSTITUTIONS IS DESIGNED TO INVEST IN NONPROFIT ARTS ORGANIZATIONS IN THE GREATER LOUISVILLE AREA VIA THE SUSTAINING IMPACT GRANTS. THESE GRANTS PROVIDE UNRESTRICTED OPERATING SUPPORT TO ENSURE THE ORGANIZATION'S ONGOING CAPACITY TO FULFILL THEIR MISSION AND DRIVE COMMUNITY IMPACT. ALL SIG RECIPIENTS ARE REQUIRED TO ILLUSTRATE THEIR EQUITY PLAN AND EFFORTS TO DIVERSIFY WITHIN THEIR ORGANIZATION, AS WELL AS THEIR EFFORTS TO SUPPORT EQUITY AND INCLUSION IN OUR COMMUNITY. IN 2022, THE FUND INVESTED $3 MILLION IN 28 ARTS NONPROFIT ORGANIZATIONS THROUGHOUT THE GREATER LOUISVILLE AREA. CULTURAL PASS OFFERS GREATER LOUISVILLE FAMILIES WITH CHILDREN AGES 0-21 ACCESS TO ARTS AND CULTURAL ACTIVITIES, FREE OF CHARGE, ALL SUMMER LONG. CULTURAL PASS IS AN INNOVATIVE ENDEAVOR TO PROMOTE A LIFELONG LOVE OF ART AND CULTURE TO YOUNG PEOPLE, EXPAND ACCESS TO THESE ORGANIZATIONS AND ARTS PROVIDERS, AND IMPROVE SUMMER LEARNING IN OUR COMMUNITY. ON AVERAGE, OVER 40,000 PASSES ARE DISTRIBUTED PER SUMMER, RESULTING IN OVER 66,000 UNIQUE ARTS EXPERIENCES FOR OUR COMMUNITY MEMBERS. FOR 10 YEARS, CULTURAL PASS HAS BEEN A UNIQUE COLLABORATION BETWEEN FUND FOR THE ARTS, LOUISVILLE'S ARTS AND CULTURE ALLIANCE, LOUISVILLE METRO GOVERNMENT, LOUISVILLE FREE PUBLIC LIBRARY, AND ADDITIONAL REGIONAL LIBRARY SYSTEMS. ARTS IN LEARNING ARTS IN LEARNING SUPPORTS INVESTMENTS IN CURRICULUM-BASED ARTS PROGRAMS IN SCHOOLS AND OTHER LEARNING ENVIRONMENTS FOR ALL AGES, EXPANDING ACCESS AND LEARNING THROUGH ARTS FOR STUDENTS ACROSS THE GREATER LOUISVILLE AREA. RESEARCH FROM AMERICANS FOR THE ARTS SHOWS THAT NOT ONLY DO STUDENTS ENGAGED IN ARTS PROGRAMMING ACHIEVE AT HIGHER AND MORE CONSISTENT LEVELS, BUT THAT YOUNG PEOPLE'S ARTS INVOLVEMENT DRASTICALLY IMPROVES MENTAL AND PHYSICAL HEALTH, GRADUATION RATES, AND CIVIC ENGAGEMENT. AT THE CORE OF ARTS IN LEARNING IS BETTER CULTURAL UNDERSTANDING, IMPROVED TEST SCORES, INCREASED ENGAGEMENT, AND CRITICAL LEARNING SKILLS. 5X5 AND TEACHER ARTIST GRANTS (TAG) PROVIDE FUNDING TO K-12 TEACHERS AND SCHOOLS TO ENHANCE THEIR CLASSROOM INSTRUCTION WITH ARTS PROGRAMMING AND EXPERIENCES THROUGHOUT THE FUND FOR THE ARTS SERVICE AREA. THESE OPPORTUNITIES COMPLEMENT WHAT STUDENTS LEARN IN THE CLASSROOM AND MEET THEM WHERE THEY ARE IN OUT-OF-SCHOOL PROGRAMMING. IN 2022, OVER 48,900 STUDENTS ACROSS 155 SCHOOLS WERE GIVEN ARTS-BASED EXPERIENCES THROUGH THE 345 GRANTS AWARDED. ARTS IN NEIGHBORHOODS ARTS IN NEIGHBORHOODS SUPPORTS PROGRAMMING AND FUNDING FOR COMMUNITY-CENTRIC ARTS EVENTS AND EXPERIENCES, COMMUNITY ENGAGEMENT ACTIVITIES, AND MINI-GRANTS FOR EXISTING EVENT SPONSORSHIP. OUR NEIGHBORHOODS ARE RICH, VIBRANT COMMUNITIES WHERE PEOPLE PLAY, WORK, AND CREATE. WHEN WE PARTNER ALONGSIDE CIVIC, ARTS, AND NEIGHBORHOOD LEADERS TO SUPPORT AND CREATE INTERGENERATIONAL ARTS EXPERIENCES WITHIN THE NEIGHBORHOODS THEMSELVES, WE EXPERIENCE HIGHER OUTCOMES IN BUILDING AND REINFORCING STRONG, HEALTHY NEIGHBORHOODS. IN 2022, FUND FOR THE ARTS WORKED WITH 9 CIVIC AND NEIGHBORHOOD PARTNERS TO COHOST 3 FREE, MULTIGENERATIONAL ARTS CELEBRATIONS. COMBINED, THESE EVENTS AMPLIFIED THE WORK OF 100+ INDIVIDUAL ARTISTS AND 20+ ARTS ORGANIZATIONS. I AM AN ARTIST. I AM AN ARTIST. IS A CAMPAIGN TO INSPIRE AND EMPOWER INDIVIDUALS IN OUR COMMUNITY TO RECLAIM THEIR ARTISTIC IDENTITY, OFTEN IN WAYS THEY DON'T EXPECT. I AM AN ARTIST. SEEKS TO REMOVE THOUGHT BARRIERS AND RESTRICTIVE UNDERSTANDING OF WHAT CONSTITUTES ART AND ARTIST, AND THINK EXPANSIVELY ABOUT ART AND THE THINGS WE CREATE IN OUR EVERYDAY LIVES. THE I AM AN ARTIST. EXHIBITION, WILL OPEN IN THE FUND FOR THE ARTS LOBBY IN 2023, CELEBRATES JUST A FEW OF THE OVER 600,000 INCREDIBLE ARTISTS IN THE GREATER LOUISVILLE AREA: THE PEOPLE WHO LIVE, WORK, PLAY, AND CREATE TOGETHER IN OUR CITY OF ARTISTS. WE HOPE THAT BY SHOWCASING AND UPLIFTING MORE COMMUNITY MEMBERS AND THEIR MANY ARTFORMS, EVERYONE WILL BE EMPOWERED TO FIND THEIR ART AND FEEL CONFIDENT SAYING TO THE WORLD, "I AM AN ARTIST." THE MORE PEOPLE IN OUR COMMUNITY WHO SELF-IDENTIFY AS ARTISTS, THE MORE IN-TUNE THEY BECOME WITH THE ART THAT SURROUNDS US, THE MORE LIKELY THEY ARE TO PARTICIPATE THROUGH ART IN OUR NEIGHBORHOODS, THE MORE COMFORTABLE THE ENTIRE COMMUNITY FEELS ENGAGING IN ARTS ACROSS THE CITY, THE MORE CONNECTED WE BECOME.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christen Boone Former President/ceo | 40 | $176,905 | |
Andre Guess President & CEO | Officer | 60 | $122,474 |
Janie Martin Cfo/coo | Officer | 50 | $100,927 |
James Allen Board Member | Trustee | 0.5 | $0 |
Josh Andersen Board Member | Trustee | 0.5 | $0 |
Cleo Battle Board Member | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,171,899 |
All other contributions, gifts, grants, and similar amounts not included above | $4,925,083 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,096,982 |
Total Program Service Revenue | $0 |
Investment income | $814,457 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $89 |
Net Rental Income | -$11,911 |
Net Gain/Loss on Asset Sales | -$791,059 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,108,558 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,432,226 |
Grants and other assistance to domestic individuals. | $81,120 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $415,360 |
Compensation of current officers, directors, key employees. | $122,816 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $563,761 |
Pension plan accruals and contributions | $6,748 |
Other employee benefits | $70,446 |
Payroll taxes | $66,295 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $27,163 |
Fees for services: Lobbying | $60,284 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $16,520 |
Fees for services: Other | $157,521 |
Advertising and promotion | $0 |
Office expenses | $60,432 |
Information technology | $114,610 |
Royalties | $14,301 |
Occupancy | $72,473 |
Travel | $23,562 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,061 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $23,742 |
All other expenses | $0 |
Total functional expenses | $6,426,475 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $535,396 |
Pledges and grants receivable | $4,375,636 |
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 | $37,695 |
Net Land, buildings, and equipment | $477,852 |
Investments—publicly traded securities | $4,406,428 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $9,833,007 |
Accounts payable and accrued expenses | $179,564 |
Grants payable | $894,055 |
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 | $1,073,619 |
Net assets without donor restrictions | $5,334,862 |
Net assets with donor restrictions | $3,424,526 |
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 | $9,833,007 |
Over the last fiscal year, Fund For The Arts Inc has awarded $4,192,752 in support to 57 organizations.
Grant Recipient | Amount |
---|---|
Louisville, KY PURPOSE: Sustaining Impact Grant, Cultural Pass, Partnership Grants | $698,225 |
Louisville, KY PURPOSE: Sustaining Impact Grant, Partnership Grants | $663,836 |
Louisville, KY PURPOSE: Art for Kosair Kids, Arts in Learning, Sustaining Impact Grant | $366,182 |
JEFFERSON COUNTY PUBLIC SCHOOLS PURPOSE: Arts in Learning | $267,969 |
KENTUCKY OPERA PURPOSE: Capital Grant, Sustaining Impact Grant, Partnership Grants | $251,060 |
Louisville, KY PURPOSE: Cultural Pass, Sustaining Impact Grant, Partnership Grants | $220,883 |
Over the last fiscal year, we have identified 2 grants that Fund For The Arts Inc has recieved totaling $10,250.
Awarding Organization | Amount |
---|---|
Elite Homes Charitable Foundation Inc Louisville, KY PURPOSE: SUPPORT OF THE FUND FOR THE ARTS | $10,000 |
Isadore And Rose Goldstein Family Foundation Inc Louisville, KY PURPOSE: GENERAL OPERATING FUNDS | $250 |
Beg. Balance | $9,364,454 |
Earnings | -$1,296,245 |
Admin Expense | $21,456 |
Grants | $407,058 |
Ending Balance | $7,639,695 |
Organization Name | Assets | Revenue |
---|---|---|
Cincinnati Institute Of Fine Arts Cincinnati, OH | $143,710,134 | $18,167,716 |
Fund For The Arts Inc Louisville, KY | $9,833,007 | $6,108,558 |
Virginia Foundation For The Humanities And Public Policy Charlottesville, VA | $13,497,972 | $6,667,303 |
Americans For Public Trust Alexandria, VA | $249,074 | $3,628,537 |
Richard J Stern Foundation For The Arts Kansas City, MO | $50,258,336 | $4,476,999 |
Robert Allerton Trust Under Will Dated April 15 1964 Chicago, IL | $38,402,099 | $3,836,329 |
Memphis Museums Inc Memphis, TN | $7,243,926 | $3,293,679 |
Artsbuild Chattanooga, TN | $20,819,407 | $7,133,514 |
Stranahan Theater Trust Toledo, OH | $8,657,063 | $1,825,495 |
Lithuanian Foundation Lemont, IL | $53,188,345 | $6,129,593 |
David C & Sarajean Ruttenberg Arts Foundation Chicago, IL | $0 | $66,826 |
Richard & Ellen Sandor Art Foundation Chicago, IL | $0 | $3,100 |