Civic Intelligence

Romare Bearden Foundation Inc.

990 • Fiscal year 2019 • EIN 30-0207085

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

Organization ProfileWWW.BEARDENFOUNDATION.ORG

View Organization Page

2214 Frederick Douglass Blvd 235New York, NY 10026

(212) 665-9550

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.03x

Higher debt load relative to assets than 44% of similar nonprofits.

2019 filings • NTEE A • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.57x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • NTEE A • $1M-$5M nonprofits • Source year 2019

Net Margin

7th percentile

-52%

Higher net margin than 7% of similar nonprofits.

2019 filings • NTEE A • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

58th percentile

$72,800

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 61.2% of source-year revenue.

2019 filings • NTEE A • $1M-$5M nonprofits • Source year 2019

Asset Growth

24th percentile

-2.9%

Faster asset growth than 24% of similar nonprofits.

2019 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

64th percentile

14%

Faster revenue growth than 64% of similar nonprofits.

2019 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$2,152,195

Down $64,834 (-2.9%) from 2018

Net Assets

Down

$2,083,986

Down $61,986 (-2.9%) from 2018

Liabilities

Down

$68,209

Down $2,848 (-4.0%) from 2018

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin7th percentile

Revenue

Up

$118,880

Up $14,909 (+14%) from 2018

Expenses

Down

$180,866

Down $15,450 (-7.9%) from 2018

Net Income

Up

-$61,986

Up $30,359 (+33%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2015: $2,273,505Liabilities 2015: $224,607Net Assets 2015: $2,048,8982015Assets 2016: $2,159,553Liabilities 2016: $135,741Net Assets 2016: $2,023,8122016Assets 2017: $2,296,886Liabilities 2017: $58,569Net Assets 2017: $2,238,3172017Assets 2018: $2,217,029Liabilities 2018: $71,057Net Assets 2018: $2,145,9722018Assets 2019: $2,152,195Liabilities 2019: $68,209Net Assets 2019: $2,083,9862019Assets 2020: $2,047,427Liabilities 2020: $55,100Net Assets 2020: $1,992,3272020Assets 2021: $2,658,009Liabilities 2021: $69,238Net Assets 2021: $2,588,7712021Assets 2022: $2,730,657Liabilities 2022: $91,276Net Assets 2022: $2,639,3812022Assets 2023: $2,672,699Liabilities 2023: $119,459Net Assets 2023: $2,553,2402023Assets 2024: $2,377,120Liabilities 2024: $84,931Net Assets 2024: $2,292,1892024

Highlighted filing

2019

Assets$2,152,195
Liabilities$68,209
Net Assets$2,083,986
Open 2019 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2015: $110,240Expenses 2015: $243,685Net Income 2015: -$133,4452015Revenue 2016: $210,474Expenses 2016: $235,560Net Income 2016: -$25,0862016Revenue 2017: $432,684Expenses 2017: $213,202Net Income 2017: $219,4822017Revenue 2018: $103,971Expenses 2018: $196,316Net Income 2018: -$92,3452018Revenue 2019: $118,880Expenses 2019: $180,866Net Income 2019: -$61,9862019Revenue 2020: $114,414Expenses 2020: $184,918Net Income 2020: -$70,5042020Revenue 2021: $240,778Expenses 2021: $259,926Net Income 2021: -$19,1482021Revenue 2022: $493,006Expenses 2022: $283,009Net Income 2022: $209,9972022Revenue 2023: $603,806Expenses 2023: $563,145Net Income 2023: $40,6612023Revenue 2024: $317,870Expenses 2024: $423,746Net Income 2024: -$105,8762024

Highlighted filing

2019

Revenue$118,880
Expenses$180,866
Net Income-$61,986
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.0
Gross Receipts
$118,880
Mission and Program Overview

Mission

To perpetuate romare bearden's artistic and intellectual legacies, and to promote public awareness and appreciation of the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$296,252$216,374▼ $79,878
Savings and Temporary Cash Investments$90,584$90,629▲ $45
Accounts Receivable$17,547$32,546▲ $14,999
Prepaid Expenses and Deferred Charges$684$684→ $0
Land, Buildings, and Equipment, Net$462$462→ $0
Total Assets$2,217,029$2,152,195▼ $64,834
Other Assets Total$1,811,500$1,811,500→ $0
Liabilities
Other Liabilities$43,364$60,824▲ $17,460
Accounts Payable and Accrued Expenses$27,693$7,385▼ $20,308
Total Liabilities$71,057$68,209▼ $2,848
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,145,972$2,083,986▼ $61,986
Total Net Assets Fund Balance$2,145,972$2,083,986▼ $61,986
Total Liabilities and Net Assets / Fund Balance$2,217,029$2,152,195▼ $64,834

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$462$60,534-
Other Assets Org$1,811,500--
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Diedra Harris-kelleyCo-directorFT$72,800$72,800
Johanne Bryant-reidSecretary/coPT$24,950$24,950

Board Members and Trustees

NameTitle
Tallal I ElboushiChairman
Akosua Barthwell EvansDirector
Dianne Whitfield- LockeDirector
Ronald David JacksonDirector
Sheila RohanDirector
Sing LathanDirector
Irie HarrisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$20,897
Program Service Revenue
$71,517
Investment Income
$45
Other Revenue
$26,421
All Other Contributions
$20,897
Change in Net Assets
$-61,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$105,792
Other Expenses$75,074
Total Fundraising Expense$25,815
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$58,530$19,510$19,510$97,550
Office Expenses$10,707$3,289$4,131$18,127
Insurance$9,613$6,477-$16,090
Fees for Services Accounting-$13,074-$13,074
Payroll Taxes$4,859$1,620$1,620$8,099
Travel$1,437-$157$1,594
Other Expenses$1,350--$1,350
Information Technology$432$132$168$732
Advertising$493$38$200$731
Conferences and Meetings$74$435-$509
Other Employee Benefits$85$29$29$143
All Other Expenses$177$-809-$-632
Total Functional Expenses$111,256$43,795$25,815$180,866
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Diedre Harris-kelleyFamily MemberEmployeeNo$72,800
Johanne Bryant-reidDirector/officeEmployeeNo$24,750
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Estate of Nanette Bearden$60,824
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Tallal i. Elboushi chairman family relationship cousin sheila rohan director family relationship aunt irie harris treasurer family relationship cousin ronald jackson director family relationship cousin”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the finance committee prior to filing.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Romare Bearden Foundation Inc
EIN
30-0207085
Address
2214 FREDERICK DOUGLASS BLVD 235, NEW YORK, NY 10026

Signing Officer

Name
Tallal I Elboushi
Title
Chairman
Phone
2126659550
Signed
2020-11-06

Organization Details

Principal Officer
Tallal I Elboushi
Formed
2003
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
9
Employees
2

Preparer

Firm
Linda a Hamilton CPA Pllc
Address
1120 AVENUE OF AMERICAS FL 4TH, NEW YORK, NY 10036
Preparer
Linda Hamilton CPA
Phone
2128502521
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Foundation representation at several conferences and initiative meetings, including the harlem semester initiative at barnard college- (ongoing spring 2019) and harlem cultural collaboration (2018-2020); artist endowed foundation forum (2019- annual forum)foundation research for exhibition curators/researchers, and scholars, encouraging new exhibitions and publications on the artist. Important project included: research for "profiles exhibition and catalog" with high museum of art. (published 2019)”

Raw XML AppendixShowing 400 of 421 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt027693
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07385
IRS990/AccountsReceivableGrp/BOYAmt017547
IRS990/AccountsReceivableGrp/EOYAmt032546
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PERPETUATE ROMARE BEARDEN'S ARTISTIC AND INTELLECTUAL LEGACIES, AND TO PROMOTE PUBLIC AWARENESS AND APPRECIATION OF THE ARTS.
IRS990/AdvertisingGrp/FundraisingAmt0200
IRS990/AdvertisingGrp/ManagementAndGeneralAmt038
IRS990/AdvertisingGrp/ProgramServicesAmt0493
IRS990/AdvertisingGrp/TotalAmt0731
IRS990/AllOtherContributionsAmt020897
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0-809
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0177
IRS990/AllOtherExpensesGrp/TotalAmt0-632
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0THE FOUNDATION
IRS990/BooksInCareOfDetail/PhoneNum02126659550
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02214 FREDERICK DOUGLASS BLVD
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0235
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010026
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0true
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt0296252
IRS990/CashNonInterestBearingGrp/EOYAmt0216374
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0true
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt019510
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt019510
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt058530
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt097550
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0435
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt074
IRS990/ConferencesMeetingsGrp/TotalAmt0509
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt020897
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt045
IRS990/CYOtherExpensesAmt075074
IRS990/CYOtherRevenueAmt026421
IRS990/CYProgramServiceRevenueAmt071517
IRS990/CYRevenuesLessExpensesAmt0-61986
IRS990/CYSalariesCompEmpBnftPaidAmt0105792
IRS990/CYTotalExpensesAmt0180866
IRS990/CYTotalFundraisingExpenseAmt025815
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0118880
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0DEVELOPED AND ORGANIZED TRAVELING EXHIBITION "ROMARE BEARDEN: VISION AND ACTIVISM" SUSQUEHANNA MUSEUM, HARRISBURG, PA JUNE 9 - SEPTEMBER 23, 2018; TRAVELLED TO REGINALD LEWIS MUSEUM, BALTIMORE OCTOBER 10, 2018 - MARCH 3, 2019. THEN TRAVELLED TITLED AS "ROMARE BEARDEN: VISION AND ACTIVISM" TO: THE NATIONAL CIVIL RIGHTS MUSEUM, MEMPHIS, TN JUNE 21, 2019 - JANUARY 6, 2020.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013074
IRS990/FeesForServicesAccountingGrp/TotalAmt013074
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0DIEDRA HARRIS-KELLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHANNE BRYANT-REID
IRS990/Form990PartVIISectionAGrp/PersonNm2TALLAL I ELBOUSHI
IRS990/Form990PartVIISectionAGrp/PersonNm3AKOSUA BARTHWELL EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm4RONALD DAVID JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm5SING LATHAN
IRS990/Form990PartVIISectionAGrp/PersonNm6DIANNE WHITFIELD- LOCKE
IRS990/Form990PartVIISectionAGrp/PersonNm7SHEILA ROHAN
IRS990/Form990PartVIISectionAGrp/PersonNm8IRIE HARRIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt072800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt124950
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CO-DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/CO
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0118880
IRS990/GrossSalesOfInventoryAmt01843
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0168
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0132
IRS990/InformationTechnologyGrp/ProgramServicesAmt0432
IRS990/InformationTechnologyGrp/TotalAmt0732
IRS990/InsuranceGrp/ManagementAndGeneralAmt06477
IRS990/InsuranceGrp/ProgramServicesAmt09613
IRS990/InsuranceGrp/TotalAmt016090
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt045
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt045
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt060534
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0462
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0462
IRS990/LandBldgEquipCostOrOtherBssAmt060996
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PERPETUATE ROMARE BEARDEN'S ARTISTIC AND INTELLECTUAL LEGACIES, AND TO PROMOTE PUBLIC AWARENESS AND APPRECIATION OF THE ARTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02145972
IRS990/NetAssetsOrFundBalancesEOYAmt02083986
IRS990/NetIncomeOrLossGrp/ExclusionAmt01843
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01843
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02145972
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02083986
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt04131
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03289
IRS990/OfficeExpensesGrp/ProgramServicesAmt010707
IRS990/OfficeExpensesGrp/TotalAmt018127
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01811500
IRS990/OtherAssetsTotalGrp/EOYAmt01811500
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt029
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt029
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt085
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0143
IRS990/OtherExpensesGrp/Desc0GRANT EXPENSE
IRS990/OtherExpensesGrp/Desc1DIRECT PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2EVENT EXPENSE
IRS990/OtherExpensesGrp/Desc3TEACHING ARTISTS
IRS990/OtherExpensesGrp/ProgramServicesAmt010000
IRS990/OtherExpensesGrp/ProgramServicesAmt17186
IRS990/OtherExpensesGrp/ProgramServicesAmt26313
IRS990/OtherExpensesGrp/ProgramServicesAmt31350
IRS990/OtherExpensesGrp/TotalAmt010000
IRS990/OtherExpensesGrp/TotalAmt17186
IRS990/OtherExpensesGrp/TotalAmt26313
IRS990/OtherExpensesGrp/TotalAmt31350
IRS990/OtherLiabilitiesGrp/BOYAmt043364
IRS990/OtherLiabilitiesGrp/EOYAmt060824
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01620
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01620
IRS990/PayrollTaxesGrp/ProgramServicesAmt04859
IRS990/PayrollTaxesGrp/TotalAmt08099
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0684
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0684
IRS990/PrincipalOfficerNm0TALLAL I ELBOUSHI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0EXHIBITION FEES
IRS990/ProgramServiceRevenueGrp/Desc1SILENT AUCTION
IRS990/ProgramServiceRevenueGrp/ExclusionAmt026530
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt044987
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt044987
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126530
IRS990/ProgSrvcAccomActy2Grp/Desc0SEPT 7, 2019: FOUNDATION LECTURE AND GARDEN EVENT - TALK BY ROBERT O'MEALLY, SCHOLAR AND CO-CURATOR OF BEARDEN "PROFILE EXHIBITION" (HIGH MUSEUM OF ART 2019); INCLUDED SILENT AUCTION SALE OF DONATED ARTWORK.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt026530
IRS990/ProgSrvcAccomActy3Grp/Desc0THE FOUNDATION DEVELOPED AND PRESENTED THE "CINQUE ARTIST PROGRAM" ARTIST TALK SERIES IN PARTNERSHIP WITH THE HARLEM SCHOOL OF THE ARTS - FEBRUARY 26, 2019: "CELEBRATION OF CINQUE GALLERY' PANEL WITH ARTISTS AND ADMINISTRATORS OF THE FAMED GALLERY. APRIL 16, 2019: SCHOLAR CAMARA HOLLOWAY ON HARLEM RENAISSANCE PHOTOGRAPHER JAMES ALLEN. MAY 13, 2019: ARTIST TALK WITH INSTALLATION ARTIST ADRIENNE TARVER
IRS990/ProgSrvcAccomActyOtherGrp/Desc0FOUNDATION REPRESENTATION AT SEVERAL CONFERENCES AND INITIATIVE MEETINGS, INCLUDING THE HARLEM SEMESTER INITIATIVE AT BARNARD COLLEGE- (ONGOING SPRING 2019) AND HARLEM CULTURAL COLLABORATION (2018-2020); ARTIST ENDOWED FOUNDATION FORUM (2019- ANNUAL FORUM)FOUNDATION RESEARCH FOR EXHIBITION CURATORS/RESEARCHERS, AND SCHOLARS, ENCOURAGING NEW EXHIBITIONS AND PUBLICATIONS ON THE ARTIST. IMPORTANT PROJECT INCLUDED: RESEARCH FOR "PROFILES EXHIBITION AND CATALOG" WITH HIGH MUSEUM OF ART. (PUBLISHED 2019)
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0111256
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07615
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt055120
IRS990/PYOtherExpensesAmt072544
IRS990/PYOtherRevenueAmt026436
IRS990/PYProgramServiceRevenueAmt014800
IRS990/PYRevenuesLessExpensesAmt0-92345
IRS990/PYSalariesCompEmpBnftPaidAmt0123772
IRS990/PYTotalExpensesAmt0196316
IRS990/PYTotalRevenueAmt0103971
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-61986
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt044987
IRS990/RoyaltiesRevenueGrp/ExclusionAmt024578
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt024578
IRS990/SavingsAndTempCashInvstGrp/BOYAmt090584
IRS990/SavingsAndTempCashInvstGrp/EOYAmt090629
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt020897
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07615
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt014782
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02565
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt035315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt081174
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt024578
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt025668
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt016550
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt024649
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt025797
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0117242
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt059847
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt026530
IRS990ScheduleA/OtherIncome170Grp/TotalAmt026530
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.32980
IRS990ScheduleA/PublicSupportPY170Pct00.64130
IRS990ScheduleA/PublicSupportTotal170Amt081174
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt020897
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt07615
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt014782
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02565
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt035315
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt081174
IRS990ScheduleA/TotalSupportAmt0246133
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0666
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt07664
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt012857
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt021187
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01811500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENT IN WORKS OF ART
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0462
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt060534
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt060996
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt060824
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ESTATE OF NANETTE BEARDEN
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0462
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01811500
IRS990ScheduleD/TotalLiabilityAmt060824
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DIEDRE HARRIS-KELLEY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1JOHANNE BRYANT-REID
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR/OFFICE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt072800
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt124750
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1EMPLOYEE
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FOUNDATION REPRESENTATION AT SEVERAL CONFERENCES AND INITIATIVE MEETINGS, INCLUDING THE HARLEM SEMESTER INITIATIVE AT BARNARD COLLEGE- (ONGOING SPRING 2019) AND HARLEM CULTURAL COLLABORATION (2018-2020); ARTIST ENDOWED FOUNDATION FORUM (2019- ANNUAL FORUM)FOUNDATION RESEARCH FOR EXHIBITION CURATORS/RESEARCHERS, AND SCHOLARS, ENCOURAGING NEW EXHIBITIONS AND PUBLICATIONS ON THE ARTIST. IMPORTANT PROJECT INCLUDED: RESEARCH FOR "PROFILES EXHIBITION AND CATALOG" WITH HIGH MUSEUM OF ART. (PUBLISHED 2019)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TALLAL I. ELBOUSHI CHAIRMAN FAMILY RELATIONSHIP COUSIN SHEILA ROHAN DIRECTOR FAMILY RELATIONSHIP AUNT IRIE HARRIS TREASURER FAMILY RELATIONSHIP COUSIN RONALD JACKSON DIRECTOR FAMILY RELATIONSHIP COUSIN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02217029
IRS990/TotalAssetsEOYAmt02152195
IRS990/TotalAssetsGrp/BOYAmt02217029
IRS990/TotalAssetsGrp/EOYAmt02152195
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt020897
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt025815
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043795
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0111256
IRS990/TotalFunctionalExpensesGrp/TotalAmt0180866
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt071057
IRS990/TotalLiabilitiesEOYAmt068209
IRS990/TotalLiabilitiesGrp/BOYAmt071057
IRS990/TotalLiabilitiesGrp/EOYAmt068209
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02145972
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02083986
IRS990/TotalOtherProgSrvcExpenseAmt0111256
IRS990/TotalProgramServiceExpensesAmt0111256
IRS990/TotalProgramServiceRevenueAmt071517
IRS990/TotalReportableCompFromOrgAmt097750
IRS990/TotalRevenueGrp/ExclusionAmt052951
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt045032
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0118880
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02217029
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02152195
IRS990/TravelGrp/FundraisingAmt0157
IRS990/TravelGrp/ProgramServicesAmt01437
IRS990/TravelGrp/TotalAmt01594
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.BEARDENFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TALLAL I ELBOUSHI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02126659550
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROMARE BEARDEN FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ROMA
ReturnHeader/Filer/EIN0300207085
ReturnHeader/Filer/USAddress/AddressLine1Txt02214 FREDERICK DOUGLASS BLVD 235
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010026
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00DD7509F23CD08491EEAB09C772E48097DD90C66

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,152,195
Liabilities
$68,209
Net assets
$2,083,986
Revenue
$118,880
Expenses
$180,866
Net income
-$61,986
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.38$0.08$2.29$0.32$0.42$0.11
2023Detailed filing. Detailed filing data is available for this year.$2.67$0.12$2.55$0.60$0.56$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.73$0.09$2.64$0.49$0.28$0.21
2021Detailed filing. Detailed filing data is available for this year.$2.66$0.07$2.59$0.24$0.26$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.05$0.06$1.99$0.11$0.18$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.15$0.07$2.08$0.12$0.18$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.22$0.07$2.15$0.10$0.20$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.30$0.06$2.24$0.43$0.21$0.22
2016Detailed filing. Detailed filing data is available for this year.$2.16$0.14$2.02$0.21$0.24$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.27$0.22$2.05$0.11$0.24$0.13