Black Art In America Foundation Inc
- Assets
- $170.3k
- Revenue
- $136.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Atlanta, GA
- Founding
- Data as of
- 12/2023
- EIN
- 87-2588157
Organization Overview
Black Art In America Foundation Inc is located in Atlanta, GA. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Black Art In America 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 12/2023, Black Art In America Foundation Inc generated $136.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.7%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BLACK ART IN AMERICA (BAIA) FOUNDATION IS A 501C3 ORGANIZATION THAT APPLIES WHAT WEVE LEARNED OVER OUR 12 YEARS AS A MULTIFACETED ARTS COMPANY TO FACILITATE THE GROWTH OF ARTISTS WHILE CULTIVATING THE RELATIONSHIPS AND OPPORTUNITIES THAT BRING BLACK ARTISTS AND COMMUNITIES T
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE INTERSECTIONS BETWEEN ART AND ACTIVISM IN BLACK NEIGHBORHOODS AND SCHOOLS WHILE ENCOURAGING A STRONG SENSE OF PURPOSE AND UNITY AND USING ART AS A CATALYST FOR ECONOMIC DEVELOPMENT
TO CENTER THE LEGACY OF AFRICAN-AMERICAN ART AND ARTISTS THROUGH VISUAL ART, LITERATURE, LESSON PLANS, ORAL HISTORIES, AND THE DISTRIBUTION OF OUR BI-MONTHLY MAGAZINE
TO CREATE OPPORTUNITIES FOR BLACK ARTISTS AND WRITERS TO GROW BY FACILITATING THEIR SKILL SETS, GIVING THEM THE SPACE AND TOOLS TO CREATE, AND EXPANDING THEIR PROFESSIONAL NETWORKS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Romal Tune Director | Trustee | 0 | $0 |
Paul Robinson Director | Trustee | 0 | $0 |
Ester Silver-Parker Director | Trustee | 0 | $0 |
Larry Dorsey President | Officer | 0 | $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 | $136,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,677 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $136,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,040 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $50 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,950 |
| Advertising and promotion | $0 |
| Office expenses | $4,326 |
| Information technology | $339 |
| Royalties | $0 |
| Occupancy | $1,618 |
| Travel | $0 |
| 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 | $1,966 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $84,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,737 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24 |
| 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 | $100,502 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $170,263 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $170,263 |
| 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 | $170,263 |