Art & Antiquities Blockchain Consortium Inc is located in New York, NY. 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. Art & Antiquities Blockchain Consortium 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 12/2021, Art & Antiquities Blockchain Consortium Inc generated $49.4k in total revenue. All expenses for the organization totaled $49.4k during the year ending 12/2021. While expenses have increased by 266.6% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE TO ENGAGE IN SUCH EXCLUSIVELY CHARITABLE, EDUCATIONAL,SCIENTIFIC,OR RELIGIOUS ACTIVITIES OF ANY KIND OR NATURE WHATSOEVER AS QUALIFY IT FOR EXEMPTION FROM TAXATION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE")OR ANY SUCCESSOR SECTION OR STATUTE OF SIMILAR IMPORT, AS AN ORGANIZATION DESCRIBED IN SECTION 501(C) (3) OF THE CODE &, IN PARTICULAR,THE CORPORATION, BELIEVING THAT CULTURAL ARTIFACTS, CULTURAL PROPERTY, & CULTURAL HERITAGE, INCLUDING BUT NOT LIMITED TO ANTIQUITIES, REQUIRE ENHANCED PROTECTION AGAINST FRAUD, MISUSE, & SECRECY, AIMS TO (1) DEVELOP A NEW OWNERSHIP OF CATALOGUING PARADIGM FOR SUCH OBJECTS DESIGNED TO ENHANCE PUBLIC ACCESS,PRESERVE & PROTECT PROVENANCE AND RELEVANT HISTORICAL FACTS, PROTECT CULTURAL STAKEHOLDERS, & ENHANCE LEARNING OPPORTUNITIES FOR ALL, (2)EDUCATE STAKEHOLDERS AS TO THE NEW PARADIGM & RELATED ISSUES OF LOOTING & ILLEGAL TRAFFICKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION COORDINATES RESEARCH AND EDUCATIONAL INITIATIVES REGARDING BLOCKCHAIN TECHNOLOGY AND GUIDING PRINCIPLES FOR CULTURAL PROPERTY, CULTURAL HERITAGE, AND THE CULTURAL ARTIFACT MARKET, WITH A FOCUS ON THE TRACING OF ANTIQUITIES OBJECTS. ANTIQUITIES OBJECTS AND OTHER ARTIFACTS HAVE BEEN TRADITIONALLY FRAUGHT WITH CONCERNS SUCH AS ILLEGAL TRAFFICKING; AND MUSEUMS, SCHOLARS, COLLECTORS, AND OTHER PARTIES AFFECTED BY THE MANAGEMENT OF ANTIQUITIES OBJECTS DON'T HAVE ACCESS TO MANY ROBUST, NEUTRAL RESOURCES THAT TRACE THE PROVENANCE OF SUCH OBJECTS.THROUGH EDUCATION, DISCUSSION, AND ENGAGEMENT, THE ORGANIZATION IS BUILDING AN ADVISORY NETWORK OF LEADING EXPERTS, INSTITUTIONS, TECHNOLOGY FIRMS,ACADEMIA, AND CONSULTANTS TO RESEARCH THIS TOPIC AND DEVELOP A CONSENSUS AS TO SOLUTIONS, INCLUDING THE USE OF BLOCKCHAIN TECHNOLOGY, AS WELL AS DEVELOP RELATED REGULATORY AND ETHICAL STANDARDS WHICH MIGHT ACCOMPANY THE USE OF SUCH TECHNOLOGY IN THE MANAGEMENT OF ANTIQUITIES OBJECTS.THE ORGANIZATION PURSUES ITS OBJECTIVES THROUGH EDUCATIONAL PROGRAMMING SUCH AS LECTURES, PRESENTATIONS, SYMPOSIA, AND PANELS FOR RELEVANT AUDIENCES,INCLUDING BUT NOT LIMITED TO MUSEUMS AND OTHER CULTURAL INSTITUTIONS, EDUCATIONAL INSTITUTIONS, ACADEMIC, PROSPECTIVE AND CONFIRMED MEMBERS, POTENTIALDONORS, PRIVATE WEALTH AND ESTATE ADVISORS, ART MARKET PROFESSIONALS,ETC. 60% IS ALLOCATED TO EDUCATIONAL PURPOSES. 10% TO ADVISORY SERVICES, WORK WITH STAKEHOLDERS 30%.THE ORGANIZATION'S GOAL IN WORKING TOWARDS THE DEVELOPMENT OF A NEUTRAL BLOCKCHAIN TECHNOLOGY IS TO CREATE AN ETHICAL, TRANSPARENT STANDARD FOR THE CULTURAL HERITAGE AND ANTIQUITIES MARKET. THE ORGANIZATION HOPES TO COORDINATE SCIENTIFIC RESEARCH AND OUTREACH EFFORTS INTO OPERATING AND CREATING A NEUTRAL OWNERSHIP PARADIGM CENTERED ON A TRANSPARENT BLOCKCHAIN PROTOCOL, WHICH WILL TRACK AND MANAGE ANTIQUITY OWNERSHIP.
CONTINUING EDUCATIONAL INITIATVES REGARDING BLOCKCHAIN TECHNONOLGY WITH THE STUDENTS AND FACULTY OF WAKE FOREST UNIVERSITY
CONTINUING EDUCATIONAL INITIATVES REGARDING BLOCKCHAIN TECHNONOLGY WITH THE STUDENTS AND FACULTY OF SPELLMAN COLLEGE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michelle Gitlitz Treasurer | OfficerTrustee | 0.33 | $0 |
Anne Bracegirdle Co-Pres./director | OfficerTrustee | 0.33 | $0 |
Susan DE Menil Co-Pres./director | OfficerTrustee | 10 | $0 |
Amy Whitaker Vice-Pres/director | OfficerTrustee | 0.33 | $0 |
Lena Saltos Secretary/director | OfficerTrustee | 0.33 | $0 |
Vanessa Grellet Director | Trustee | 0.33 | $0 |
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 | $49,369 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $49,369 |
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 | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $49,369 |
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 | $1,913 |
Fees for services: Legal | $206 |
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 | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $47,250 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $0 |
All other expenses | $0 |
Total functional expenses | $49,369 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
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 | $0 |
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 | $0 |
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 | $0 |
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