Arbutus Foundation Inc
- Assets
- $291.1k
- Revenue
- $900.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 83-1802347
Organization Overview
Arbutus Foundation Inc is located in New York, NY. 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. Arbutus Foundation 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 12/2022, Arbutus Foundation Inc generated $900.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 50.1% each year . All expenses for the organization totaled $812.9k during the year ending 12/2022. While expenses have increased by 53.0% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ARBUTUS FOUNDATION, INC. DEVELOPS AND PRODUCES PROJECTS AT THE (CON'T ON SCHEDULE O) INTERSECTION OF SOCIAL, CULTURAL, SCIENTIFIC AND TECHNOLOGICAL FIELDS. ITS LEAD PROJECT IS REASONS TO BE CHEERFUL, AN ONLINE SOLUTIONS JOURNALISM MAGAZINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REASONS TO BE CHEERFUL WAS FOUNDED BY ARTIST AND MUSICIAN DAVID BYRNE, WHO BELIEVES IN THE POWER OF APPROACHING THE WORLD WITH CURIOSITY IN ART, IN MUSIC, IN COLLABORATION AND IN LIFE. UNDER THE BANNER OF BYRNE'S NON-PROFIT ORGANIZATION, ARBUTUS, REASONS TO BE CHEERFUL EMBODIES THIS SENSIBILITY, APPLYING IT NOW TO THE FUTURE OF OUR WORLD. THROUGH STORIES OF HOPE, ROOTED IN EVIDENCE, REASONS TO BE CHEERFUL AIMS TO INSPIRE US ALL TO BE CURIOUS ABOUT HOW THE WORLD CAN BE BETTER, AND TO ASK OURSELVES HOW WE CAN BE PART OF THAT CHANGE. RTBC CONTINUES IN ITS PUBLICATION OF FREE CONTENT, AND THIS YEAR LAUNCHED ITS MEMBERSHIP PROGRAM AND TOOK LARGE STRIDES TO EXPAND ITS PARTNERSHIPS AND FUNDRAISING.
THEATER OF THE MIND ("TOTM") WAS INSPIRED BY BOTH HISTORICAL AND CURRENT LAB RESEARCH, TOTM TAKES YOU ON AN IMMERSIVE JOURNEY INSIDE HOW WE SEE AND CREATE OUR WORLDS. CO-CREATED BY ARTIST DAVID BYRNE AND WRITER MALA GAONKAR, THE SHOW USES STORIES FROM THEIR OWN LIVES TO SHAPE A NARRATIVE YOU'LL SEE, FEEL, TASTE AND HEAR. AS YOU EXPLORE INTRIGUING ENVIRONMENTS, PARTICIPATE IN A NARRATIVE AND TRY A SERIES OF SENSORY EXPERIMENTS, YOUR GUIDE WILL QUESTION HOW BELIEFS, MEMORIES AND EVEN OUR IDENTITIES ARE LESS FIXED THAN WE THINK. YOU MAY NOT BE WHO YOU THINK YOU ARE. BUT WE'RE ALL IN IT TOGETHER. TOTM COMPLETED ITS FINAL DEVELOPMENT PHASE AND HAD ITS WORLD PREMIERE RUN FOR 20 WEEKS AT THE DENVER THEATER CENTER, SPONSORED BY SCIENCE SANDBOX, AN INITIATIVE OF THE SIMONS FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Byrne President | OfficerTrustee | 10 | $0 |
Karen Wong Treasurer | OfficerTrustee | 1 | $0 |
Malu Abeni Byrne Secretary | OfficerTrustee | 1 | $0 |
Emily Simoness Executive Director | Officer | 40 | $116,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $60,697 |
| Fundraising events | $48,989 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $501,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $611,651 |
| Total Program Service Revenue | $100,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $121,835 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,969 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $900,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| 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. | $116,000 |
| Compensation of current officers, directors, key employees. | $58,000 |
| 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 | $47,500 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $12,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,883 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $308,868 |
| Advertising and promotion | $2,582 |
| Office expenses | $19,841 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,670 |
| 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 | $8,072 |
| Insurance | $11,090 |
| All other expenses | $0 |
| Total functional expenses | $812,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,562 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $32,151 |
| Accounts receivable, net | $7,372 |
| 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 | $4,037 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $291,122 |
| Accounts payable and accrued expenses | $80,449 |
| Grants payable | $200,000 |
| Deferred revenue | $16,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $105,375 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $402,324 |
| Net assets without donor restrictions | -$111,202 |
| 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 | $291,122 |