Civic Intelligence

Forward Arts Foundation Inc.

990 • Fiscal year 2017 • EIN 58-6048113

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization Profilewww.forwardartsatlanta.org
3130 Slaton Drive NWAtlanta, GA 30305

(404) 261-0636

Siviq Scores

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

Liabilities / Assets

28th percentile

0.04x

Higher debt load relative to assets than 28% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

36th percentile

0.09x

Higher debt load relative to revenue than 36% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

58th percentile

6.4%

Faster asset growth than 58% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

23rd percentile

-5.5%

Faster revenue growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$5,134,259

Up $309,627 (+6.4%) from 2016

Net Assets

Up

$4,944,306

Up $270,149 (+5.8%) from 2016

Liabilities

Up

$189,953

Up $39,478 (+26%) from 2016

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin70th percentile

Revenue

Down

$2,050,157

Down $119,806 (-5.5%) from 2016

Expenses

Down

$1,802,939

Down $19,157 (-1.1%) from 2016

Net Income

Down

$247,218

Down $100,649 (-29%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

$10M$5.0M$0Assets 2011: $3,664,745Liabilities 2011: $178,527Net Assets 2011: $3,486,2182011Assets 2012: $3,788,036Liabilities 2012: $111,757Net Assets 2012: $3,676,2792012Assets 2013: $3,855,942Liabilities 2013: $105,247Net Assets 2013: $3,750,6952013Assets 2014: $4,037,701Liabilities 2014: $180,506Net Assets 2014: $3,857,1952014Assets 2015: $4,460,557Liabilities 2015: $133,267Net Assets 2015: $4,327,2902015Assets 2016: $4,824,632Liabilities 2016: $150,475Net Assets 2016: $4,674,1572016Assets 2017: $5,134,259Liabilities 2017: $189,953Net Assets 2017: $4,944,3062017Assets 2018: $5,102,332Liabilities 2018: $208,209Net Assets 2018: $4,894,1232018Assets 2019: $5,427,605Liabilities 2019: $169,164Net Assets 2019: $5,258,4412019Assets 2020: $5,240,641Liabilities 2020: $329,092Net Assets 2020: $4,911,5492020Assets 2021: $5,804,080Liabilities 2021: $965,305Net Assets 2021: $4,838,7752021Assets 2022: $6,263,507Liabilities 2022: $272,203Net Assets 2022: $5,991,3042022Assets 2023: $6,814,755Liabilities 2023: $299,458Net Assets 2023: $6,515,2972023Assets 2024: $7,349,580Liabilities 2024: $272,216Net Assets 2024: $7,077,3642024Assets 2025: $8,170,018Liabilities 2025: $440,013Net Assets 2025: $7,730,0052025

Highlighted filing

2017

Assets$5,134,259
Liabilities$189,953
Net Assets$4,944,306
Open 2017 Filing

Operations Trend

Revenue Growth23rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,684,144Expenses 2011: $1,634,999Net Income 2011: $49,1452011Revenue 2012: $1,847,184Expenses 2012: $1,657,123Net Income 2012: $190,0612012Revenue 2013: $1,706,430Expenses 2013: $1,632,014Net Income 2013: $74,4162013Revenue 2014: $1,883,893Expenses 2014: $1,777,393Net Income 2014: $106,5002014Revenue 2015: $2,390,391Expenses 2015: $1,915,796Net Income 2015: $474,5952015Revenue 2016: $2,169,963Expenses 2016: $1,822,096Net Income 2016: $347,8672016Revenue 2017: $2,050,157Expenses 2017: $1,802,939Net Income 2017: $247,2182017Revenue 2018: $2,068,442Expenses 2018: $2,118,623Net Income 2018: -$50,1812018Revenue 2019: $2,141,835Expenses 2019: $1,777,517Net Income 2019: $364,3182019Revenue 2020: $1,648,904Expenses 2020: $2,014,661Net Income 2020: -$365,7572020Revenue 2021: $1,459,722Expenses 2021: $1,513,118Net Income 2021: -$53,3962021Revenue 2022: $2,883,622Expenses 2022: $1,752,089Net Income 2022: $1,131,5332022Revenue 2023: $2,616,724Expenses 2023: $2,140,205Net Income 2023: $476,5192023Revenue 2024: $3,098,202Expenses 2024: $2,536,942Net Income 2024: $561,2602024Revenue 2025: $3,353,774Expenses 2025: $2,712,078Net Income 2025: $641,6962025

Highlighted filing

2017

Revenue$2,050,157
Expenses$1,802,939
Net Income$247,218
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$3,186,389
Mission and Program Overview

Mission

To provide support to the visual arts in the atlanta, ga area.

Since its Founding, the Forward Arts Foundation has provided significant support to the visual arts in Atlanta, GA, including: (i) leadership grants for art exhibitions, (ii) donations for specific art acquisitions by other local publicly supported arts organizations, and (iii) annual scholarships for local artists.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,345,668$4,686,136▲ $340,468
Land, Buildings, and Equipment, Net$247,716$217,091▼ $30,625
Inventories for Sale or Use$129,211$107,861▼ $21,350
Prepaid Expenses and Deferred Charges$72,258$55,424▼ $16,834
Accounts Receivable$29,779$42,747▲ $12,968
Total Assets$4,824,632$5,134,259▲ $309,627
Other Assets Total$0$25,000▲ $25,000
Liabilities
Accounts Payable and Accrued Expenses$150,475$107,278▼ $43,197
Deferred Revenue$0$57,675▲ $57,675
Grants Payable$0$25,000▲ $25,000
Total Liabilities$150,475$189,953▲ $39,478
Net Assets / Fund Balance
Unrestricted Net Assets$4,584,257$4,847,711▲ $263,454
Temporarily Rstr Net Assets$89,900$96,595▲ $6,695
Total Net Assets Fund Balance$4,674,157$4,944,306▲ $270,149
Total Liabilities and Net Assets / Fund Balance$4,824,632$5,134,259▲ $309,627

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$87,738$1,709,433$1,797,171
Equipment$37,808$363,677$401,485
Leasehold Improvements$73,208$284,581$357,789
Other Land Buildings$18,337$110,098$128,435
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Betsy WestChair
Anne GrayBoard Member
Bet PopeBoard Member
Betsy McDonaldBoard Member
Cam KellettBoard Member
Caroline SpangenbergBoard Member
Clayton HowellBoard Member
Eileen MillardBoard Member
Eleanor RatchfordBoard Member
Gretchen TaylorBoard Member
Jan BennettBoard Member
Leslie MorganBoard Member
Liza JancikBoard Member
Marjettte McDonnellBoard Member
Robin HowellBoard Member
Robyn BarkinBoard Member
Ruth LanierBoard Member
Sarah KennedyBoard Member
Betsy GlennSecretary
Lisle WaitsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$816,908
Program Service Revenue
$0
Investment Income
$1,738
Other Revenue
$1,231,511
All Other Contributions
$133,630
Change in Net Assets
$247,218

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$309,930Proceeds from Sale
Other Non Cash Contri Table$281,550Thrift Market Valuat
Other Non Cash Contri Table$28,430Cost
Total Noncash Contributions$619,910-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,999,174
Revenue Not Reported on Financial Statements
$50,983
Revenue Not Reported on Form 990
$491,350
Other Revenue Adjustments
$50,983
Total Revenue per Audited Statements
$2,490,524
Total Revenue per Form 990
$2,050,157
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$881,273
Other Expenses$784,258
Grants and Similar Amounts Paid$137,408
Total Fundraising Expense$15,464
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$729,893$66,516-$796,409
Grants to Domestic Orgs$119,408--$119,408
Office Expenses$112,434$1,609-$114,043
Depreciation Depletion$71,693$9,333-$81,026
Payroll Taxes$63,722$4,273-$67,995
Insurance$55,714$1,707-$57,421
Occupancy$50,883$148-$51,031
Fees for Services Accounting$41,886$7,815-$49,701
Fees for Services Other$41,229$2,500-$43,729
Advertising$18,850$4,111-$22,961
Grants to Domestic Individuals$18,000--$18,000
Travel$24$4,388$13,118$17,530
Other Employee Benefits$15,798$1,071-$16,869
Information Technology$14,212$734-$14,946
All Other Expenses$9,228$2,518$2,346$14,092
Other Expenses$9,951$2,635-$12,586
Fees for Services Legal-$966-$966
Total Functional Expenses$1,675,354$112,121$15,464$1,802,939

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,220,375
Total Expenses per Form 990$1,802,939
Expenses per Audited Statements$1,757,044
Expenses Not Reported on Form 990$463,331
Expenses Not Reported on Financial Statements$45,895
Other Expense Adjustments$45,895
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Michael C Carlos Museum Emory UniversityAtlanta, GA501(c)(3)Artist Exhibition(s)$50,000
Georgia Museum of Art University of Georgia FoundationAthens, GA501(c)(3)Artist Exhibition(s)$25,000
Museum of Contemporary Art of AtlantaAtlanta, GA501(c)(3)Artist Exhibition(s)$20,000
Atlanta Contemporary Art CenterAtlanta, GA501(c)(3)Studio Artists Program$10,000
Arts Critic Atl Inc (ArtsAtl)Atlanta, GA501(c)(3)Production of an emerging and mid-career Atlanta Artists video profile$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$463,331
Fundraising Gross Income$234,011
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Flea Market$582,859$163,131$370,007$-206,876
Fashion Show$197,800$36,750$68,926$-32,176
Total Events$814,789$234,011$463,331$-229,320
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section A, line 8B

“Though the lower tier committees for indivdual activites of the Foundation do not maintain their own minutes, they report on their activities to the Board of Directors during board meetings where the actions of these committees are recorded.”

Form 990, Part VI, Section B, line 11B

“The Form 990 is reviewed by the Chair and Treasurer before being filed, and return copies are available to all Board Members upon request.”

Form 990, Part VI, Section B, line 12C

“Board Members, officers, management staff, and employees with purchasing power are required to review and sign a Conflict of Interest statement annually showing that they understand the policy and to report any known conflicts as defined by the Policy.”

Form 990, Part VI, Section B, line 15

“The Foundation gathers market information regarding salaried positions, and the Board discusses proposed salary ranges with it accounting firm and other consultants, as needed.”

Form 990, Part VI, Section C, line 19

“Governing documents and internal policies are given to Trustees when they accept the duty to serve on the Board of the Foundation and are available within the Foundation's office to those who fall under their covenants, but as proprietary information of the Foundation, they and the financial statements are not made available to the general public.”

Filing and Contact Details

Filer

Filer Name
Forward Arts Foundation Inc
EIN
58-6048113
Phone
4042610636
Address
3130 Slaton Drive NW, Atlanta, GA 30305

Signing Officer

Name
Lisle N Waits
Title
Treasurer
Phone
4042610636
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisle N Waits
Formed
1965
Legal Domicile
Ga
Voting Board Members
20
Independent Board Members
20
Employees
54
Volunteers
125

Preparer

Firm
Moore Stephens Tiller LLC
Address
1960 Satellite Blvd Suite 3600, Duluth, GA 30097
Preparer
Gregory W Hayes
Phone
7709958800
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Rounding 1.”

Form 990, Part XII, Line 2C:

“The Foundation changed Auditors in Fiscal Year 2017, but the method by which the organization chooses its Auditor and reviews its financials has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“GAAP provides guidance for how uncertain tax positions should be recognized, measured, presented, and disclosed in the Foundation's financial statements. Management has evaluated the implications of these standards and has not identified any uncertain tax positions for the Foundation; therefore, no tax expense or accruals are included in the accompanying consolidated financial statements.”

Part XI, Line 2D - Other Adjustments:

“Fundraising Expenses included in 990 Revenues 463,331. Employee Meal Reimbursements netted against Expense 5,088. Rounding 1.”

Part XI, Line 4B - Other Adjustments:

“Tax Refunds included in 990 Revenues 50,983.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expenses included in 990 Revenues 463,331.”

Part XII, Line 4B - Other Adjustments:

“Tax Refunds included in 990 Revenues 50,983. Employee Meal Reimbursements netted against Expense -5,088.”

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IRS990/Form990PartVIISectionAGrp/PersonNm5Anne Gray
IRS990/Form990PartVIISectionAGrp/PersonNm6Clayton Howell
IRS990/Form990PartVIISectionAGrp/PersonNm7Robin Howell
IRS990/Form990PartVIISectionAGrp/PersonNm8Liza Jancik
IRS990/Form990PartVIISectionAGrp/PersonNm9Sarah Kennedy
IRS990/Form990PartVIISectionAGrp/PersonNm10Cam Kellett
IRS990/Form990PartVIISectionAGrp/PersonNm11Ruth Lanier
IRS990/Form990PartVIISectionAGrp/PersonNm12Betsy McDonald
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IRS990/Form990PartVIISectionAGrp/PersonNm14Eileen Millard
IRS990/Form990PartVIISectionAGrp/PersonNm15Leslie Morgan
IRS990/Form990PartVIISectionAGrp/PersonNm16Bet Pope
IRS990/Form990PartVIISectionAGrp/PersonNm17Eleanor Ratchford
IRS990/Form990PartVIISectionAGrp/PersonNm18Caroline Spangenberg
IRS990/Form990PartVIISectionAGrp/PersonNm19Gretchen Taylor
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0580778
IRS990/FundraisingDirectExpensesAmt0463331
IRS990/FundraisingGrossIncomeAmt0234011
IRS990/GainOrLossGrp/OtherAmt0-1494
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantAmt0137408
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt025000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt018000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt018000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0119408
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0119408
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03186389
IRS990/GrossRentsGrp/RealAmt0107102
IRS990/GrossSalesOfInventoryAmt01973994
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0734
IRS990/InformationTechnologyGrp/ProgramServicesAmt014212
IRS990/InformationTechnologyGrp/TotalAmt014946
IRS990/InsuranceGrp/ManagementAndGeneralAmt01707
IRS990/InsuranceGrp/ProgramServicesAmt055714
IRS990/InsuranceGrp/TotalAmt057421
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0129211
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0107861
IRS990/InvestmentIncomeGrp/ExclusionAmt03232
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03232
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt031
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02467789
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0247716
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0217091
IRS990/LandBldgEquipCostOrOtherBssAmt02684880
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01494
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0102500
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide significant support to the visual arts in the Atlanta, GA area.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04674157
IRS990/NetAssetsOrFundBalancesEOYAmt04944306
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1494
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1494
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-229320
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-229320
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt040302
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01302587
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01262285
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0107102
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0107102
IRS990/NetUnrelatedBusTxblIncmAmt0-519
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0287050
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0148
IRS990/OccupancyGrp/ProgramServicesAmt050883
IRS990/OccupancyGrp/TotalAmt051031
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01609
IRS990/OfficeExpensesGrp/ProgramServicesAmt0112434
IRS990/OfficeExpensesGrp/TotalAmt0114043
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt025000
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01071
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015798
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016869
IRS990/OtherExpensesGrp/Desc0Repairs & Maintenace
IRS990/OtherExpensesGrp/Desc1Utilities
IRS990/OtherExpensesGrp/Desc2Bank & Credit Card Char
IRS990/OtherExpensesGrp/Desc3Miscellaneous/ Other
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01797
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12635
IRS990/OtherExpensesGrp/ProgramServicesAmt0170419
IRS990/OtherExpensesGrp/ProgramServicesAmt191829
IRS990/OtherExpensesGrp/ProgramServicesAmt240181
IRS990/OtherExpensesGrp/ProgramServicesAmt39951
IRS990/OtherExpensesGrp/TotalAmt0172216
IRS990/OtherExpensesGrp/TotalAmt191829
IRS990/OtherExpensesGrp/TotalAmt240181
IRS990/OtherExpensesGrp/TotalAmt312586
IRS990/OtherRevenueMiscGrp/BusinessCd0722100
IRS990/OtherRevenueMiscGrp/BusinessCd1722100
IRS990/OtherRevenueMiscGrp/Desc0Tax Refunds
IRS990/OtherRevenueMiscGrp/Desc1Non-Investment
IRS990/OtherRevenueMiscGrp/ExclusionAmt050983
IRS990/OtherRevenueMiscGrp/ExclusionAmt1159
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050983
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1159
IRS990/OtherRevenueTotalAmt051142
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt066516
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0729893
IRS990/OtherSalariesAndWagesGrp/TotalAmt0796409
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04273
IRS990/PayrollTaxesGrp/ProgramServicesAmt063722
IRS990/PayrollTaxesGrp/TotalAmt067995
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt072258
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt055424
IRS990/PrincipalOfficerNm0Lisle N Waits
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Operation of the Swan Coach House restaurant run by the Foundation. The restaurant is also open to the public and available for use for special events and banquets for individuals and groups.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Operation of a Gift Shop run by the Foundation for the retail sale of gifts.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0934229
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0102400
IRS990/PYInvestmentIncomeAmt05700
IRS990/PYOtherExpensesAmt0922449
IRS990/PYOtherRevenueAmt01230034
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0347867
IRS990/PYSalariesCompEmpBnftPaidAmt0797247
IRS990/PYTotalExpensesAmt01822096
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02169963
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0247218
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0107102
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt040302
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04345668
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04686136
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt020600

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,134,259
Liabilities
$189,953
Net assets
$4,944,306
Revenue
$2,050,157
Expenses
$1,802,939
Net income
$247,218
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.17$0.44$7.73$3.35$2.71$0.64
2024Detailed filing. Detailed filing data is available for this year.$7.35$0.27$7.08$3.10$2.54$0.56
2023Detailed filing. Detailed filing data is available for this year.$6.81$0.30$6.52$2.62$2.14$0.48
2022Detailed filing. Detailed filing data is available for this year.$6.26$0.27$5.99$2.88$1.75$1.13
2021Detailed filing. Detailed filing data is available for this year.$5.80$0.97$4.84$1.46$1.51$0.05
2020Detailed filing. Detailed filing data is available for this year.$5.24$0.33$4.91$1.65$2.01$0.37
2019Detailed filing. Detailed filing data is available for this year.$5.43$0.17$5.26$2.14$1.78$0.36
2018Detailed filing. Detailed filing data is available for this year.$5.10$0.21$4.89$2.07$2.12$0.05
2017Detailed filing. Detailed filing data is available for this year.$5.13$0.19$4.94$2.05$1.80$0.25
2016Detailed filing. Detailed filing data is available for this year.$4.82$0.15$4.67$2.17$1.82$0.35
2015Summary only. Only limited summary data is available for this year.$4.46$0.13$4.33$2.39$1.92$0.47
2014Summary only. Only limited summary data is available for this year.$4.04$0.18$3.86$1.88$1.78$0.11
2013Summary only. Only limited summary data is available for this year.$3.86$0.11$3.75$1.71$1.63$0.07
2012Summary only. Only limited summary data is available for this year.$3.79$0.11$3.68$1.85$1.66$0.19
2011Summary only. Only limited summary data is available for this year.$3.66$0.18$3.49$1.68$1.63$0.05