Art & Antiquities Blockchain Consortium Inc

Organization Overview

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 12/2022, Art & Antiquities Blockchain Consortium Inc generated $26.3k in total revenue. All expenses for the organization totaled $21.0k during the year ending 12/2022. While expenses have increased by 78.8% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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.


BLOCKCHAIN FOR SOCIAL IMPACT TO INCUBATE THE WINNING TEAM FROM THE WAKE FOREST HACKATHON AND WRITE A WHITE PAPER


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Board, Officers & Key Employees

Name (title)Compensation
Vanessa Grellet
Director
$0
Anne Bracegirdle
Co-Pres./director
$0
Susan DE Menil
Co-Pres./director
$0
Michelle Gitlitz
Treasurer
$0
Lena Saltos
Secretary/director
$0
Amy Whitaker
Co-Vice-Pres/director
$0

Financial Statements

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$26,295
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$26,295
Total Program Service Revenue$0
Investment income $16
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 $26,311

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