Art Bridges Inc
- Assets
- $0.0
- Revenue
- $357.5m
- Investments
- $1.2b
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 07/2016
- Data as of
- 09/2020
- EIN
- 81-0842855
Organization Overview
Art Bridges Inc is located in Fort Worth, TX. The organization was established in 2016. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Art Bridges Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART BRIDGES ("AB") CREATES AND SUPPORTS PROGRAMS THAT EXPAND ACCESS TO AMERICAN ART IN ALL REGIONS ACROSS THE NATION. AB EXECUTES THIS MISSION BY ACQUIRING WORKS OF ART TO BE SHARED WITH REGIONAL MUSEUMS AS LONG-TERM LOANS, BY FORMING & SUPPORTING COLLECTION-BASED EXHIBITIONS OF AMERICAN ART THAT TRAVEL TO MUSEUMS OF ALL SIZES & BY DEVELOPING COLLABORATIVE PROGRAMS TO BRING WORKS OF ART OUT OF STORAGE & INTO COMMUNITIES. AB PROVIDES VARIOUS LEVELS OF FINANCIAL SUPPORT FOR THE DIRECT COSTS ASSOCIATED WITH THE LENDING OF THE AB COLLECTION, FOR TRAVELING EXHIBITIONS & FOR JOINT PROGRAMS FOR LONG-TERM LOANS & COLLECTION SHARING INITIATIVES. IN TANDEM WITH THESE PROGRAMS, AB PROVIDES SUPPORT FOR PROGRAMMING, AUDIENCE ENGAGEMENT & EDUCATION. AB PROVIDES FINANCIAL SUPPORT TO PARTNER INSTITUTIONS TO HELP DEEPEN THEIR CONNECTION WITH THEIR LOCAL COMMUNITIES & TO CONNECT INSTITUTIONS OF VARYING SIZES & SCOPES IN JOINT PARTNERSHIPS THAT PROVIDE OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chief Financial Officer | 5 | $0 | |
Colin Carmichael Web Content Manager | 40 | $76,086 | |
Kristi Lb Dane Program Officer | 40 | $67,470 | |
Jamie Grandinetti Exhibitions Manager | 40 | $64,469 | |
Brittany Vernon Education Manager | 40 | $55,169 | |
Ashley Rhea Holland Assistant Curator | 40 | $53,008 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crystal Bridges Museum Of American Art | 9/29/21 | $1,297,363 |
Walton Enterprises Llc | 9/29/21 | $527,840 |
Laplaca Cohen Advertising Inc | 9/29/21 | $520,620 |
Northern Trust | 9/29/21 | $243,615 |
Bluecadet Llc | 9/29/21 | $225,610 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,711,238 |
| Profit on Inventory Sales | $0 |
| Other Income | $264,726 |
| Total Revenue | $357,485,765 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $1,932 |
| Depreciation | $23,484 |
| Occupancy | $19,251 |
| Travel, conferences, and meetings | $77,904 |
| Printing and publications | $4,194 |
| Total operating and administrative expenses | $32,786,992 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $32,786,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,313,959 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,177,572,885 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,496,768 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Art Bridges Inc Fort Worth, TX | $0 | $357,485,765 |
Big Thought Dallas, TX | $5,164,665 | $9,225,791 |
Southwest School Of Art San Antonio, TX | $10,498,026 | -$15,382,277 |
Fab Lab Tulsa Inc Tulsa, OK | $905,994 | $2,260,190 |
Young Audiences Of Louisiana Inc New Orleans, LA | $2,693,862 | $4,571,020 |
Us Biennial Inc New Orleans, LA | $1,914,538 | $2,330,262 |
Santa Fe School For The Arts Santa Fe, NM | $4,340,717 | $1,902,890 |
Oklahoma Arts Institute Oklahoma City, OK | $2,532,394 | $1,383,952 |
Community Works Of Louisiana New Orleans, LA | $370,788 | $1,210,221 |
Multicultural Education And Counseling Through The Arts Houston, TX | $4,644,101 | $2,037,486 |
School Of Design New Orleans, LA | $1,895,558 | $1,072,625 |
Youth Oasis Baton Rouge, LA | $394,453 | $1,019,110 |