2024-11-15T12:47:14-06:00 2023-12-31 111986323 CBIZ Advisors Inc 1899 L Street NW Suite 850 Washington DC 20036 990 2023-01-01 521996467 Americans for the Arts Inc AMER 2023712830 1275 K Street NW 1200 Washington DC 20005 Jamie Bennett Interim CEO 2023712830 2024-11-15 1 1 Aaron M Fox P01365820 2022274000 2024-11-15 2023 2024-10-15 13:58:12Z Jamie Bennett 1275 K Street NW 1200 Washington DC 20005 2647628 0 X www.artsusa.org X 1996 DC See Schedule O.The mission of Americans for the Arts (AFTA) is to serve, advance, and lead the network of organizations and individuals who cultivate, promote, sustain, and support the arts in America. 21 20 66 35 0 0 3951827 815766 685096 1552173 0 -742 285199 279689 4922122 2646886 0 864626 0 0 7951867 6404632 0 0 702284 7584050 4581255 15535917 11850513 -10613795 -9203627 123306838 111644188 10943559 9595244 112363279 102048944 X The mission of Americans for the Arts (AFTA) is to serve, advance, and lead the network of lead the network of organizations and individuals who cultivate, promote, sustain, and support the arts in America. 0 0 3967951 50000 1342077 Research and policy: Research and policy is responsible for national society. This research is conducted using various methods and is disseminated through meetings, media and publications that are widely distributed. Signature programs in this area include the arts & economic prosperity study, national arts index and studies on various topics such as local arts funding statistics, united arts fundraising local arts salary information, cultural districts and more that provide important case making data to all arts advocates. The creative forces program serves military service members with traumatic brain injuries at military facilities. 4231113 700000 210585 Government and public affairs: Government and public affairs is responsible for all government affairs work and developing partnerships with government and other non-governmental organizations to promote the value of the arts and mission of AFTA's two key programs, including herein are the annual Nancy Hanks lecture on arts and public policy and arts advocacy day activities. This area also includes our arts education policy work advancing equitable access for arts education across the country. 418174 Local arts advancement: Local arts advancement is responsible for providing professional development, case making information and networking opportunities to the many organizations and individuals that work to build stronger communities through the Arts every day they do this work through major convening such as the Annual Convention and National Arts Marketing Project Conference to smaller gatherings like Executive Leadership Forum at Sundance. They also convene networks of core constituencies including Public Art, Emerging Leaders, Rural Arts, County Arts, The US Urban Arts Federation, The New Community Visions Initiative and more. In addition, the implement the membership program and ensure our members receive strong benefits that help achieve their goals. 114626 Scholarships and Awards 114626 8617238 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 49 0 1 66 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 20 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AZ AR CA CO CT DC FL GA IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X Jamie Bennett 2023712830 1275 K Street NW Washington DC 20005 Nolen Bivens President & CEO 34.50 3.00 X X 550450 0 14898 Caridad Mozur Senior VP, Development - as of 8/2023 37.50 X 129016 0 14535 Daniel Fitzmaurice Chief of Staff - until 9/2023 37.50 X 129773 0 30995 Julie C Muraco Board Chair 2.00 1.00 X X 0 0 0 Abel Lopez Immediate Past Board Chair - until 12/23 2.00 X X 0 0 0 Michael Spring Secretary - until 12/23 2.00 1.00 X X 0 0 0 Deborah Jordy Treasurer - until 12/23 2.00 X X 0 0 0 Michelle Boone Vice Chair 2.00 X X 0 0 0 John Haworth Vice Chair 2.00 X X 0 0 0 Edgar L Smith Jr Vice Chair 2.00 X X 0 0 0 Floyd W Green III At Large 2.00 X 0 0 0 Debra Garcia y Griego At Large 2.00 X 0 0 0 Dorothy Pierce McSweeny At Large 2.00 1.00 X 0 0 0 Torrie Allen Director 2.00 X 0 0 0 Sarah Arison Director - until 12/23 2.00 X 0 0 0 Chris Cutler Director 2.00 X 0 0 0 Theo Edmonds Director 2.00 X 0 0 0 Marc Folk Director 2.00 X 0 0 0 Mark Golden Director 2.00 X 0 0 0 Susan Goode Director 2.00 X 0 0 0 Brian Stokes Mitchell Director 2.00 X 0 0 0 Kristina Newman-Scott Director 2.00 X 0 0 0 Robert Newman Director 2.00 X 0 0 0 Ravi S Rajan Director 2.00 X 0 0 0 Ira Sallen Director 2.00 X 0 0 0 Nancy Stephens Director 2.00 1.00 X 0 0 0 Ann S Stock Director 2.00 1.00 X 0 0 0 Nina Ozlu Tunceli Counsel & Exec. Dir., AAF 37.50 X 241169 0 46733 Randy Cohen VP, Research & Policy 37.50 X 205372 0 28218 Nora Halpern VP, Leadership Alliances 37.50 X 229492 0 17047 Kimberly Hedges VP, Systems Engagement - until 4/23 37.50 X 157113 0 15518 Maria Elmeralda Paguaga VP, Strategic Communications 37.50 X 197621 0 20701 1840006 0 188645 16 0 1 0 Vault Consulting 8401 Greensboro Drive Suite 500 McLean VA 22101 Accounting & HR services 583804 Miles Partnership LLLP PO Box 54133 Ste 200 New Orleans LA 70154 Consulting 212700 Beacon Hill Staffing Group LLC PO Box 846193 Boston MA 02284 Temp staffing 182840 NimbleUser 9620 Executive Center Drive 200 St Petersburg FL 33702 IT/technology services 153172 Marcum LLP 1899 L Street NW 11th Floor Washington DC 20036 Audit & 990 services 142313 6 121267 694499 815766 Economic impact study 900099 1354752 1354752 Membership dues 900099 194713 194713 Contract services 900099 1458 1458 Speaker fees 900099 1250 1250 1552173 742 -742 -742 -742 489 0 489 489 Expense Reimbusement 900099 212926 212926 Job Bank Revenue 900099 60007 60007 All Other Revenue 900099 6267 6267 279200 2646886 1552662 0 278458 750000 750000 114626 114626 869669 355798 341275 172596 4323073 3450339 662109 210625 174023 85271 66791 21961 698418 637288 16145 44985 339449 276330 44541 18578 1328363 1057436 205228 65699 100082 49040 47039 4003 699518 342764 328773 27981 10668 5227 5014 427 74170 67535 5838 797 810289 534404 217603 58282 796699 391003 372601 33095 225524 182131 33488 9905 125273 64209 52616 8448 186465 91253 87460 7752 42557 20853 20002 1702 Subscriptions & members 109535 70716 23371 15448 Partnerships/sponsorshi 71015 71015 INVESTMENT EXPENSE 1097 1097 11850513 8617238 2530991 702284 504600 1657565 22937 22937 1522525 323037 333507 89308 3284647 1727191 1733870 1557456 109841497 99361221 9347902 8632664 123306838 111644188 774602 625609 1428014 156514 8740943 8813121 10943559 9595244 X 112363279 96606949 0 5441995 112363279 102048944 123306838 111644188 -9203627 12601074 -13711782 0 X 0 1 X 0 0 X 6541342 7941866 3085362 3951827 815766 22336163 6541342 7941866 3085362 3951827 815766 22336163 770515 21565648 845366 8873 376 854615 2358 31281 37544 283591 279200 633974 23824752 7482540 0.90520 0.89010 X I. BackgroundAmericans for the Arts Foundation, ("AFTA Foundation") is a nonprofit organization incorporated in the District of Columbia in 2007. AFTA Foundation's mission is to carry out activities to raise funds from grants, contributions, bequest and devises, and support the charitable purposes of Americans for the Arts. This mission is accomplished by distributing grants from one of five established funds.II. Analysis AFTA Foundation qualifies as a "publicly supported organization described under section 170(b)(1)(A)(vi) and therefore as an organization described in section 509(a)(1) because it satisfies the "facts and circumstances test" set forth in section 1.170A-9(e)(3) of the Treasury Regulations.A. Threshold RequirementsAFTA Foundation is eligible for a determination of public support under the facts and circumstances test because it meets the two threshold requirements for consideration. First, the portion of AFTA Foundation's support in 2022 that qualifies as eligible public support is approximately 10.58%, which exceeds the 10% threshold required under Treasury Regulation section 1.170A-9(e)(3)(i). Second, AFTA Foundation's operations ensure that it will continue to attract new and additional public support, as required by Treasury Regulation section 1.170A-9(e)(3)(ii). AFTA Foundation's board has reengaged plans to build (1) a continuous and bona fide program for soliciting funds from the general public, community, membership group involved, and governmental units, and (2) the sources of support provide services directly for the benefit of the general public on a continuing basis, thereby satisfying the other threshold requirement for qualifying as publicly supported under the facts and circumstances test. B. Other Relevant FactorsIn determining whether AFTA Foundation meets the "facts and circumstances test," the Treasury Regulations also provide a list of factors that serve as indicia of whether an organization qualifies as "publicly supported." These additional factors, discussed below, provide further evidence that AFTA Foundation satisfies the facts and circumstances test. 1. Sources of SupportAFTA Foundation receives its public support from a wide variety of contributors and does not depend on a single family for contributions, two facts that provide further support for AFTA Foundation's qualification as a "publicly supported" entity. These donors include tax-exempt entities, for-profit corporations, and individuals. While donors were not actively pursued in 2021-2023, a refreshed AFTA Foundation Board plans to reach out to new donors in the coming years by creating a new strategic plan around the Foundation's direction, members, patrons, etc. 2. Representative Governing BodyThe representative nature of an organization's governing body is also a factor in determining whether it qualifies under the "facts and circumstances test." In considering whether a board is representative, such factors as the members' expertise in the relevant field, their history of leadership in the community and their tradition of public service are relevant. AFTA Foundation's Board of Directors includes a variety of industry leaders with a broad range of experience in fields relevant to AFTA Foundation's public service activities, including humanitarian/economic development, finance, healthcare, medical, marketing/advertising, education, and strategic enterprise planning. The following individuals currently serve on AFTA Foundation's Board of Directors:Julie Muraco, AFTA Investment Committee Chair, AFTA Immediate Past Chair, AFTA Foundation ChairManaging Partner, Praeditis Group LLCJulie C. Muraco is founder and Managing Partner of Praeditis Group LLC, a capital markets & business consultancy working with serial entrepreneurs, UHNW/family offices and foundations & endowments seeking direct and secondary investments and alternative investment strategies. She founded Praeditis Group with a concentration on the "permanent private capital and "impact investment" business models in 2008.Ms. Muraco spent more than 20 years on Wall Street as a vice president with J.P. Morgan's Cash Markets Division, New York City, and as a managing director in the Capital Markets Division of Smith Barney in Chicago and earlier in Cleveland.She is on the Board of Directors of Americans for the Arts, Washington, D.C., serving as immediate past Chairman of the Board of Directors; the Board of Trustees of the Robert Sterling Clark Foundation, New York, NY as Treasurer and Chair of the Investment Committee. She was past board trustee for the Duke of Edinburgh Award U.S.A. Chaired by HRH, Prince Edward, The Earl of Wessex and was a member of the national media advisory council of Springboard Enterprises, Washington D.C., a venture catalyst firm for women owned and women funded businesses.She is FINRA licensed with a Series 7, Series 63, and Series 79.Ms. Muraco holds a B.A. in Finance from Baldwin-Wallace College, Berea, Ohio. She resides in New York, NY and Aspen, Colorado.Michael S. Verruto, AFTA Audit Committee Chair, AFTA Foundation Secretary & TreasurerManaging Director, HPI CapitalMichael Verruto is the managing director of HPI Capital and has many years in the real estate business, including development, leasing, and management of the Carillon, a $100 million office tower in Charlotte, NC. Mr. Verruto joined Hesta Properties, Inc., the predecessor to the HPI Group, in 1990 and was promoted to vice president of operations and development in 1991. In this position, he managed the company's operational, property management, and leasing functions as well as the firm's expansion into build-to-suit development, third-party asset management, tenant representation, consulting, and brokerage services. Mr. Verruto was a co-founder and president of Noah Studios, Inc., a multidiscipline design and development firm. He has also held positions with Charlotte-based general contracting and architectural firms, and has done specialty renovation contracting for restoration of several historical properties in Bucks County, PA. An active member of the Charlotte arts and business community, he has served as a member of the Charlotte Chamber Advisory Council, a board member of Theatre Charlotte, chair of First Night Charlotte, and chair of the Charlotte Mecklenburg Public Art Commission. Mr. Verruto attended the University of North Carolina at Charlotte and has a B.A. from the College of Architecture with a minor in English. Very Respectfully,Matthew X. Ryan, CPA, CFEOutsourced CFO Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2019 Amount: $ 2,358. 2020 Amount: $ 31,281. 2021 Amount: $ 37,544. 2022 Amount: $ 283,591. 2023 Amount: $ 279,200. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11318 127803 139121 8128117 8267238 563362 140841 0 0 950813 1000000 912503 563362 3426678 5140017 162915 45603 37441 139121 385080 237703 250000 228126 140841 856670 1285005 43310 41803 34043 11318 130474 X X 0 91621295 12600202 9754012 94467485 114557749 -12647283 10289171 91621295 113395213 7967874 6805338 114557749 110371326 485901 9216133 4431 6673716 113395213 101187600 590348 15227766 17217 6617171 110371326 1.00000 0.00000 0.00000 0 0 1755733 272517 1483216 1299162 1246273 52889 229752 208401 21351 1557456 Beneficial interest in charitable trust 2233031 Due from affiliate 408993 Operating ROU asset 5990640 8632664 Deferred compensation obligation 8240875 Due to affiliate 572246 8813121 Part III, Line 4: AFTA's collection of art is currently valued at $21,350. The collection represents the exempt purpose of AFTA - an organization that cultivates, promotes, sustains, and supports the arts in America. Part V, Line 4: The Board designated funds are to support the operations of AFTA and invest in programming priorities when needed as determined by the Board of Directors. The other Permanent funds provide funding for specific programming activities per the documentation when the funds were established. 1 Americans for the Arts Action Fund 1275 K Street NW Suite 1200 Washington DC 20005 201427963 501(c)(4) 350000 0 Annual support to related entity University of Florida Foundation POBox 14425 Gainesville FL 32604 590974739 501(c)(3) 50000 0 Develop national strategy for implementing Social Prescribing in the Arts and Culture in the U.S. 1 1 Awards 11 109626 Scholarships 1 5000 Part I, Line 2: AFTA generally requires that grantees who receive $5,000 or more submit reports detailing the outcomes of the grant projects and the uses of the funds. X X X X 1 0 0 0 0 0 0 0 0 Nolen Bivens President & CEO 550450 0 0 0 0 0 13200 0 1698 0 565348 0 0 0 Nina Ozlu Tunceli Counsel & Exec. Dir., AAF 241169 0 0 0 0 0 17045 0 29688 0 287902 0 0 0 Nora Halpern VP, Leadership Alliances 229492 0 0 0 0 0 13673 0 3374 0 246539 0 0 0 Randy Cohen VP, Research & Policy 205372 0 0 0 0 0 14088 0 14130 0 233590 0 0 0 Maria Elmeralda Paguaga VP, Strategic Communications 197621 0 0 0 0 0 4021 0 16680 0 218322 0 0 0 Kimberly Hedges VP, Systems Engagement - until 4/23 67809 0 0 0 89304 0 10018 0 5500 0 172631 0 0 0 Daniel Fitzmaurice Chief of Staff - until 9/2023 129773 0 0 0 0 0 2747 0 28248 0 160768 0 0 0 Part I, Line 4a During the year ended December 31, 2023, Kimberly Hedges, VP, Systems Engagement, received a severance payment of $89,304. Form 990, Part VI, Section A, line 6 AFTA has four classes of members: Community Arts Organization Members, Professional Association Members, Organizational Members, and Individual Members. Form 990, Part VI, Section A, line 7a The Committee on Board Operations and Leadership prepares a slate of candidates for Board of Directors elections, which is submitted to the Board of Directors annually for election by majority vote of the Board of Directors. The Committee on Board Operations is appointed by the Board Chair at the annual fall Board meeting, with Board approval. Form 990, Part VI, Section B, line 11b The federal Form 990 is posted on the Board portal of the website. The Board of Directors is notified that it is there for their review prior to filing the Form 990 with the Internal Revenue Service. Board members are encouraged to review the Form 990 Form 990, Part VI, Section B, line 12c The conflict of interest form is delivered each January to Board members as part of the Board of Director manual with a memo instructing them to complete and return the form to the VP, Finance. The VP, Finance maintains a spreadsheet annually and follows up with those Board members who do not return the form. Form 990, Part VI, Section B, line 15a President & CEO and top management: The Chair forms a committee to review President & CEO performance and hires an independent compensation consultant to conduct a survey of CEO compensation packages at similar institutions. This survey forms the basis for determining the compensation of the President & CEO by the Chair and the committee. Other officers and key employees: Every three years, the organization procures and studies several key compensation reports to determine comparable salaries. Employee's performance is reviewed each year to help determine any increases that might be merited based on achievement of predetermined goals. Form 990, Part VI, Section C, line 19 All documents required by law are provided upon written request. Arts & Business Council of New York 1 East 53rd Street New York NY 10022 132746599 Foster cooperation between business and arts organizations NY 501(c)(3) Line 7 Americans for the Arts 1 Americans for the Arts Foundation 1275 K Street NW Suite 1200 Washington DC 20005 260753160 Carry out activities and raise funds for Americans for the Arts DC 501(c)(3) Line 7 Americans for the Arts 1 Americans for the Arts Action Fund 1275 K Street NW Suite 1200 Washington DC 20005 201427963 Seeks to engage citizens in education and advocacy in support of the arts DC 501(c)(4) Americans for the Arts 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Americans for the Arts Action Fund Q 211661 Fair Market Value Americans for the Arts Action Fund B 350000 Fair Market Value