Civic Intelligence

The Foundation for Art and Blockchain

EIN 83-0570122 • 501(c)3 • Wilmington, DE

Profile

To empower creators to manifest authentic art through decentralized technology.

221 W 9th St 101Wilmington, DE 19801

www.foundationforart

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

86th percentile

39%

Higher net margin than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

87th percentile

$4,615

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

94th percentile

132%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

549%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$141,359

Up $80,309 (+132%) from 2023

Liabilities

Up

$4,350

Up $606 (+16%) from 2023

Net Assets

$137,009

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue78th percentileNet Margin86th percentile

Revenue

Up

$90,291

Up $76,381 (+549%) from 2023

Expenses

Down

$54,765

Down $161,314 (-75%) from 2023

Net Income

Up

$35,526

Up $237,695 (+118%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth94th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2021: $602,935Liabilities 2021: $6,775Net Assets 2021: $596,1602021Assets 2022: $195,200Liabilities 2022: $2,636Net Assets 2022: $192,5642022Assets 2023: $61,050Liabilities 2023: $3,7442023Assets 2024: $141,359Liabilities 2024: $4,350Net Assets 2024: $137,0092024

Highlighted filing

2024

Assets$141,359
Liabilities$4,350
Net Assets$137,009
Open 2024 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2021: $0Expenses 2021: $73,248Net Income 2021: -$73,2482021Revenue 2022: $12,668Expenses 2022: $145,839Net Income 2022: -$133,1712022Revenue 2023: $13,910Expenses 2023: $216,079Net Income 2023: -$202,1692023Revenue 2024: $90,291Expenses 2024: $54,765Net Income 2024: $35,5262024

Highlighted filing

2024

Revenue$90,291
Expenses$54,765
Net Income$35,526
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$141,359
Liabilities
$4,350
Net assets
$137,009
Revenue
$90,291
Expenses
$54,765
Net income
$35,526
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.41$0.04$1.37$0.90$0.55$0.36
2023Summary only. Only limited summary data is available for this year.$0.61$0.04$0.14$2.16$2.02
2022Detailed filing. Detailed filing data is available for this year.$1.95$0.03$1.93$0.13$1.46$1.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.03$0.07$5.96$0.00$0.73$0.73
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 11, 2025
Return Version
2024v5.2
Gross Receipts
$99,975
Mission and Program Overview

Mission

To empower creators to manifest authentic art through decentralized technology.

Program Services

DescriptionGrantsExpenses
FAB DAO. We created FAB DAO to enable donors to have a transparent and effective way to support the arts while also having a voice in the use of funds, and collect amazing art along the way. Technologies like blockchain and AI are revolutionizing the art world, but institutions that support artists are stuck in analog. FABDAO offers a platform that allows collectors to become patrons. Proceeds from art sales are distributed to artists and projects through a transparent, collaborative process. Collectors gain the opportunity to propose and vote on initiatives and purchases.-$45,882
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James BaggettBoard MemberPT$4,615-$4,615
Jessica HoulgravePresident-$0--
Robert KeenanVice President-$0--
Steven MasurSecretary-$0--
Mark LurieTreasurer-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction sales$77,866---
Total Events$77,866---
Filing and Contact Details

Filer

Filer Name
The Foundation for Art and Blockchain
EIN
83-0570122
Phone
2122095450
Address
221 W 9th St 101, Wilmington, DE 19801

Signing Officer

Name
Mark Lurie
Title
Treasurer
Signed
2025-09-11
Discuss with paid preparer
Yes

Preparer

Firm
Mary G Sormeley CPA
Address
560 Day Ave, Ridgefield, NJ 07657
Preparer
Mary G Sormeley
Phone
2018328922
Supplemental Narrative

Additional Explanations

Other Revenue.1

“Other income $9731”

Other Expenses.1001

“Advertising and Promotion $868”

Other Expenses.1005

“Travel $1178”

Other Expenses.1012

“Insurance $372”

Other Expenses.2

“Software $4741”

Other Expenses.3

“Bank charges & fees $1531”

Other Expenses.4

“Payroll service $1228”

Other Expenses.5

“Dues and subscriptions $937”

Other Assets.1012

“Intangible Assets - Beginning $61030 Intangible Assets - Ending $130707”

Other Assets.1

“Prepaid insurance - Beginning $0 Prepaid insurance - Ending $744”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $2662 Accounts Payable and Accrued Expenses - Ending $3350”

Total Liabilities.1006

“Payable to Officers, Directors, Etc. - Beginning $1000 Payable to Officers, Directors, Etc. - Ending $1000”

Total Liabilities.1

“Cash overdraft - Beginning $82 Cash overdraft - Ending $0”

Raw XML Appendix181 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
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4James Baggett
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board member
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/PrintingPublicationsPostageAmt019550
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IRS990EZ/SaleOfAssetsGrossAmt012378
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt077866
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Other income $9731
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $868
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $1178
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $372
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Software $4741
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Bank charges & fees $1531
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Payroll service $1228
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Intangible Assets - Beginning $61030 Intangible Assets - Ending $130707
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Prepaid insurance - Beginning $0 Prepaid insurance - Ending $744
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mark Lurie
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FOUNDATION FOR ART AND BLOCKCHAIN
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0830570122
ReturnHeader/Filer/PhoneNum02122095450
ReturnHeader/Filer/USAddress/AddressLine1Txt0221 W 9th St 101
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019801
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823782880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Mary G Sormeley CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0560 Day Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Ridgefield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007657
ReturnHeader/PreparerPersonGrp/PhoneNum02018328922
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mary G Sormeley
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-09-11T17:21:53-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits