Fundamental Arts Foundation
- Assets
- $5.7k
- Revenue
- $4.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Frisco, TX
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 82-4468165
Organization Overview
Fundamental Arts Foundation is located in Frisco, TX. The organization was established in 2018. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Fundamental Arts 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 12/2021, Fundamental Arts Foundation generated $4.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $2.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION HAS ONLY ENGAGED IN ORGANIZATIONAL FORMATION ACTIVITIES AND GENERAL FUNDRAISING FOR CHARITABLE PURPOSE CHARITABLE ACTIVITIES WILL CONVENE IN 2020
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Rinaldi Director | 1 | $0 | |
Mohammed Maatouk CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,189 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,189 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,070 |
| Total operating and administrative expenses | $2,070 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,953 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $731 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,684 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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|---|---|---|
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Robert S & Grayce B Kerr Foundation Inc Oklahoma City, OK | $19,234,723 | $2,069,941 |
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Culture Aid Nola New Orleans, LA | $593,018 | $1,795,050 |
Rick C & Belinda G Foundation Fayetteville, AR | $24,298,767 | $2,403,306 |
North Texas Business Council For The Arts Dallas, TX | $531,144 | $506,888 |
Talking Talons Youth Leadership Cedar Crest, NM | $469,184 | $610,447 |
Citadelle Art Foundation Canadian, TX | $13,351,512 | $757,046 |
Leadership New Mexico Albuquerque, NM | $1,646,812 | $453,100 |
Studio School Of Music Richardson, TX | $483,028 | $643,200 |