Budding Artist Foundation
- Assets
- $22.2k
- Revenue
- $22.3k
- Investments
- $2.7k
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 04/2019
- Data as of
- 06/2023
- EIN
- 83-1160074
Organization Overview
Budding Artist Foundation is located in San Francisco, CA. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Budding Artist 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 06/2023, Budding Artist Foundation generated $22.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $22.2k during the year ending 06/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUDDING ARTIST FOUNDATION WAS PRIVILEGED TO CONTINUE OUR PARTNERSHIPS WITH YOUTH MUSICAL THEATRE COMPANY IN BERKELEY, ZACCHO DANCE THEATRE AND BRAVA FOR WOMEN IN THE ARTS IN SAN FRANCISCO, WE MET WITH EACH GROUP IN APRIL TO DETERMINE THEIR NEEDS FOR THEIR SUMMER PROGRAMS. SUMMER OF 23 GAVE US THE OPPORTUNITY TO AWARD 69 SCHOLARSHIPS IN DANCE, MUSIC, AND VISUAL ARTS. IN MARCH, WE ATTENDED A PRODUCTION OF "SUNDAY IN THE PARK WITH GEORGE" FEATURING TWO OF OUR SCHOLARSHIP RECIPIENTS. IN JUNE, WE ATTENDED THE FINAL SHOWCASE FOR BRAVA'S CUICACALLI SUMMER PROGRAM INVOLVING 49 SCHOLARSHIP STUDENTS. IN JULY, WE VOLUNTEERED OUR TIME WITH THE ARTSEED SUMMER INTENSIVE INTRODUCING IMPROV ART TO 12 STUDENTS IN A MORNING SESSION. PLUS, WE ATTENDED THE FINAL ART SEED RECEPTION AT THINK ROUND FEATURING THE WEEK-LONG WORK CREATED BY THE STUDENTS. WE CONTINUE TO WORK ON OUR WEBSITE - WWW.BUDDINGARTISTFOUNDATION.ORG. THE SITE HAS OUR ORIGIN STORY, CURRENT PROGRAMS, PARTNERSHIPS, PHOTOS, AND A WAY TO D
GIFTS TO OTHER 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla Hatley Trustee | 20 | $0 | |
William Hall Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,240 |
| Interest on Savings | $5 |
| Dividends & Interest | $45 |
| 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 | $22,290 |
| 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 | $160 |
| Total operating and administrative expenses | $1,730 |
| Contributions, gifts, grants paid | $20,504 |
| Total expenses and disbursements | $22,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,548 |
| 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 | $0 |
| 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 | $22,229 |
| 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 |
Grants Awarded
Over the last fiscal year, Budding Artist Foundation has awarded $16,384 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BRAVA PURPOSE: DEVELOPING THE PERFORMING ARTS | $8,000 |
ARTSEED PURPOSE: DEVELOPMENT OF THE PERFORMING ARTS | $2,500 |
YOUTH MUSICAL THEATRE COMPANY PURPOSE: YOUTH DEVELOPMENT OF THE ARTS | $2,200 |
MISC 501C3 ORGS NONE MORE THAN 900 PURPOSE: YOUTH DEVELOPMENT | $3,684 |