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Arts Business Collaborative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 832173068 ✦ Long island city, NY ✦ Designated as a 501(c)(3)

Overview

What is Arts Business Collaborative Inc?

Arts Business Collaborative Inc is a nonprofit organization situated in Long Island City, New York, dedicated to enhancing the quality of life for people of color. They achieve this goal by focusing on the arts and STEM fields, addressing challenges in access to capital, networks, and training. The organization operates through two main services: the Grassroots Action Project and the Rising Tides Research Institute. Their mission is to systematically improve living conditions in communities of color. Arts Business Collaborative Inc primarily relies on contributions from both public and private grants to fund its operations, boasting a team of 12 individuals.


Official website here: www.artsbusinesscollaborative.org

Is Arts Business Collaborative Inc legitimate?

Arts Business Collaborative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arts Business Collaborative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $329,921
Professional Fundraising Fees: $0
Other Salaries and Wages: $452,403

For more financial information, click here


Official website here: www.artsbusinesscollaborative.org

What is the mission statement of Arts Business Collaborative Inc?

The Arts Business Collaborative Inc is a technical assistance and research organization dedicated to enhancing the quality of life for people of color. They achieve this goal by focusing on the arts and STEM fields, addressing the challenges of access to capital, networks, and training that hinder creative and professional endeavors. The organization aims to systematically improve the quality of life in communities of color through two main services: the Grassroots Action Project and the Rising Tides Research Institute. The Arts Business Collaborative Inc is primarily supported by contributions from both the public and private grants.


Official website here: www.artsbusinesscollaborative.org

Who is the CEO of Arts Business Collaborative Inc?

Katlyn Bloomfield is the Ceo- Board Secretary of Arts Business Collaborative Inc. The CEO's salary of Arts Business Collaborative Inc is $209,114 and their total compensation is $217,037.


Official website here: www.artsbusinesscollaborative.org

What is the revenue of Arts Business Collaborative Inc?

Arts Business Collaborative Inc's revenue in 2022 was $2,142,247.


Official website here: www.artsbusinesscollaborative.org

Who are the executives of Arts Business Collaborative Inc and what are their salaries?

The average compensation at Arts Business Collaborative Inc during 2022 was $65,194. There are 12 employees at Arts Business Collaborative Inc.

Here are 5 key members and their salaries (Arts Business Collaborative Inc's CEO's salary is $209,114 and their total compensation is $217,037):

    Kat Bloomfield (Ceo- Board Secretary) [Trustee/Director]
  • Compensation: $209,114
  • Related: $0
  • Other: $7,923

    • Joshua Beauchemin (Cfo) [Trustee/Director]
  • Compensation: $109,470
  • Related: $0
  • Other: $3,414

    • Tatum Turner (Former Board Member) [Trustee/Director]
  • Compensation: $21,796
  • Related: $0
  • Other: $0

    • Akil B Davis (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phoenix Millacy Jay (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.artsbusinesscollaborative.org

    Where can I find the form 990 for Arts Business Collaborative Inc?

    The Arts Business Collaborative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.artsbusinesscollaborative.org

    Learn more at the official website: www.artsbusinesscollaborative.org

    Mission Statement of Arts Business Collaborative Inc

    Arts Business Collaborative Inc, as a technical assistance and research organization, is dedicated to enhancing the quality of life for people of color. This is accomplished through the integration of arts and STEM (science, technology, engineering, and mathematics) fields. The organization identifies and addresses the fundamental challenges that hinder the creative and professional pursuits of individuals in these communities, primarily focusing on access to capital, networks, and training. Arts Business Collaborative Inc aims to systematically improve the living conditions in communities of color through two primary services: the Grassroots Action Project and the Rising Tides Research Institute. The organization primarily relies on contributions from both public and private grants for its support.

    Impact

    This information is meant to be a general summary of Arts Business Collaborative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Arts Business Collaborative Inc's impact is evident in its mission to improve the quality of life for people of color through the arts and STEM fields. By focusing on addressing the barriers that impede creative and professional endeavors, such as access to capital, networks, and training, ABC is working to systematically enhance the quality of life in communities of color. Through initiatives like the Grassroots Action Project and the Rising Tides Research Institute, the organization is making meaningful strides towards uplifting and empowering marginalized communities. With the support of public contributions and private grants, Arts Business Collaborative Inc is actively driving positive change and promoting community improvement.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,522
  • Program Service Revenue: $220,459
  • Gross Receipts: $2,142,247

    • Assets and Liabilities:
  • Total Assets: $1,559,343
  • Total Liabilities: $171,115
  • Net Assets: $1,388,228
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SPONSORSHIP FEE REVENU

    Revenue

    $179,709

    OTHER INCOME

    Revenue

    $37,250

    CONSULTING SERVICE REV

    Revenue

    $3,500

    Organization Details

    Founding Year

    2018

    Principal Officer

    Katlyn Bloomfield

    Main Address

    31-00 47TH AVENUE 3100, LONG ISLAND CITY, NY, 11101

    NTEE Category

    Code: S50 - Community improvement

    If you are a representative of Arts Business Collaborative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.