Art Bridges Inc
- Assets
- $1.2b
- 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHMENT 16
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice L Walton Director; President | 5 | $0 | |
Richard D Chapman Treasurer | 0.5 | $0 | |
Buddy D Philpot Secretary | 1 | $0 | |
Paul Provost Chief Executive Officer | 40 | $0 | |
Robert A Smith Ass't Secr./treas. | 1 | $0 | |
Darren Walker Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Water Communications | 9/29/20 | $77,142 |
Displays Fine Art Services Llc | 9/29/20 | $155,083 |
Bluecadet Llc | 9/29/20 | $184,294 |
Crystal Bridges Museum Of American Art | 9/29/20 | $568,669 |
Mcam Llc | 9/29/20 | $84,333 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,711,238 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,490,199 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $264,726 |
| Total Revenue | $357,485,765 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $638,830 |
| Pension plans, employee benefits | $1,932 |
| Interest | $669 |
| Taxes | $1,615,481 |
| Depreciation | $23,484 |
| Occupancy | $19,251 |
| Travel, conferences, and meetings | $77,904 |
| Printing and publications | $4,194 |
| Other expenses | $28,755,284 |
| 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 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $37,428 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,177,572,885 |
| Net Land, buildings, and equipment | $457,575 |
| Other assets | $0 |
| Total assets | $1,182,381,847 |
| 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 | $1,496,768 |
| Total liabilities | $1,496,768 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Art Bridges Inc Fort Worth, TX | $1,182,381,847 | $357,485,765 |
Big Thought Dallas, TX | $2,778,640 | $7,141,396 |
Southwest School Of Art San Antonio, TX | $29,105,204 | $5,488,985 |
Young Audiences Of Louisiana Inc New Orleans, LA | $2,020,942 | $3,998,174 |
Santa Fe School For The Arts Santa Fe, NM | $4,070,025 | $1,687,630 |
North Fourth Art Center Albuquerque, NM | $1,773,484 | $1,599,033 |
Canzion Institute Of Music Houston, TX | $614,285 | $1,575,962 |
Oklahoma Arts Institute Oklahoma City, OK | $2,610,511 | $1,364,133 |
Art League Of Houston Houston, TX | $871,748 | $1,160,014 |
Oklahoma Arts Institute Foundation Oklahoma City, OK | $9,322,456 | $1,475,449 |
Community Works Of Louisiana New Orleans, LA | $283,907 | $1,187,182 |
Multicultural Education And Counseling Through The Arts Houston, TX | $3,882,167 | $1,906,312 |