2024-12-10T09:24:46-07:00 2024-06-30 990 2023-07-01 610479626 FUND FOR THE ARTS INC FUND 5025820100 623 W Main Louisville KY 40202 Janie Martin CFO/COO 5025820125 2024-12-10 1 2023 2024-10-15 13:58:12Z Andre Guess 623 W Main Louisville KY 40202 10845286 0 X fundforthearts.org X 1945 KY Vision Statement: We envision a healthy and vibrant community where everyone embraces the art that exists in our lives every day, everyone contributes to the well-being of our arts community, and it is understood that everyone belongs to the arts community. Mission Statement: We contribute to the overall health and well-being of our community by generating resources for, investing in, and supporting our local arts, artists and arts organizations. 44 44 21 50 0 0 5454254 6075853 0 0 287608 438530 1335 3560 5743197 6517943 4375249 4007863 0 0 1442729 1534601 0 0 823461 624483 521301 6442461 6063765 -699264 454178 8780146 8322635 858726 533338 7921420 7789297 At the Fund for the Arts, we believe that art is a right, not a privilege because art is a fundamental expression of the human condition. We envision a healthy and vibrant community where everyone embraces the art that exists in our lives every day, where everyone contributes to the well-being of our arts community, and where everyone belongs. Our Mission is to contribute to the overall health and well-being of our community by generating resources for, investing in, and supporting our local arts, artists and arts organizations. 0 0 4864424 4007863 6517943 At the Fund for the Arts, we believe that art is a right, not a privilege because art is a fundamental expression of the human condition. We envision a healthy and vibrant community where everyone embraces the art that exists in our lives every day, where everyone contributes to the well-being of our arts community, and where everyone belongs. Our Mission is to contribute to the overall health and well-being of our community by generating resources for, investing in, and supporting our local arts, artists and arts organizations. The Fund builds a stronger community by investing in a broad range of arts, artists and arts organizations and artistic programs across the region. We work with our community leaders to best leverage the impact of the arts on community priorities such as equity and belonging, education, sustainability and health and well-being. Beyond funding organizations, projects, and programs, we provide support through convening, capacity building, promotion, and advocacy. To achieve this, we provide numerous programs for grant-making, in-kind resource support, and strategic planning for organizations that help empower every resident in our city to see themselves as an artist and a part of the city's artistic landscape. We continue to integrate equity and belonging further into the arts community as we help build capacity and access through our programs. Some of our programs and initiatives include: ARTS IN INSTITUTIONS The original Fund for the Arts initiative, Arts in Institutions is designed to invest in nonprofit arts organizations in the Greater Louisville area via the Sustaining Impact Grants. These grants provide unrestricted operating support to ensure the organization's ongoing capacity to fulfill their mission and drive community impact. All SIG recipients are required to illustrate their equity plan and efforts to diversify within their organization, as well as their efforts to support equity and inclusion in our community. Cultural Pass offers Greater Louisville families with children ages 0-21 access to arts and cultural activities, free of charge, all summer long. Cultural Pass is an innovative endeavor to promote a lifelong love of art and culture to young people, expand access to these organizations and arts providers, and improve summer learning in our community. On average, over 40,000 passes are distributed per summer, resulting in over 66,000 unique arts experiences for our community members. For 10 years, Cultural Pass has been a unique collaboration between Fund for the Arts, Louisville's Arts and Culture Alliance, Louisville Metro Government, Louisville Free Public Library, and additional regional library systems. ARTS IN LEARNING Arts in Learning supports investments in curriculum-based arts programs in schools and other learning environments for all ages, expanding access and learning through arts for students across the Greater Louisville area. Research from Americans for the Arts shows that not only do students engaged in arts programming achieve at higher and more consistent levels, but that young people's arts involvement drastically improves mental and physical health, graduation rates, and civic engagement. At the core of Arts in Learning is better cultural understanding, improved test scores, increased engagement, and critical learning skills. 5x5 and Teacher Artist Grants (TAG) provide funding to K-12 teachers and schools to enhance their classroom instruction with arts programming and experiences throughout the Fund for the Arts service area. These opportunities complement what students learn in the classroom and meet them where they are in out-of-school programming. ARTS IN NEIGHBORHOODS Arts in Neighborhoods supports programming and funding for community-centric arts events and experiences, community engagement activities, and mini-grants for existing event sponsorship. Our neighborhoods are rich, vibrant communities where people play, work, and create. When we partner alongside civic, arts, and neighborhood leaders to support and create intergenerational arts experiences within the neighborhoods themselves, we experience higher outcomes in building and reinforcing strong, healthy neighborhoods. I AM AN ARTIST. I Am An Artist. is a campaign to inspire and empower individuals in our community to reclaim their artistic identity, often in ways they don't expect. I Am An Artist. seeks to remove thought barriers and restrictive understanding of what constitutes art and artist, and think expansively about art and the things we create in our everyday lives. The I Am An Artist. exhibition, opened in the Fund for the Arts lobby in 2023, celebrates just a few of the over 600,000 incredible artists in the Greater Louisville area: the people who live, work, play, and create together in our City of Artists. We hope that by showcasing and uplifting more community members and their many artforms, everyone will be empowered to find their art and feel confident saying to the world, I Am An Artist. The more people in our community who self-identify as artists, the more in-tune they become with the art that surrounds us, the more likely they are to participate through art in our neighborhoods, the more comfortable the entire community feels engaging in arts across the city, the more connected we become. 0 0 0 4864424 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 69 0 1 21 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 44 44 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X X Monica Beckmann 5025820122 623 W Main Louisville KY 40202 Andre Guess President & CEO 40 0 X 262342 0 0 Janie Buckler CFO/COO 40 0 X 89625 0 0 Phillip Poindexter Board Member 1 0 X 0 0 0 James Allen Board Member 1 0 X 0 0 0 Josh Andersen Board Member 1 0 X 0 0 0 Cleo Battle Board Member 1 0 X 0 0 0 Neville Blakemore Board Member 1 0 X 0 0 0 Kristen Byrd Chair Investment Committee 1 0 X 0 0 0 Carolle Jones Clay Chair Governance & Nominating 1 0 X 0 0 0 Charlie Farnsley Board Member 1 0 X 0 0 0 Erica Fields Board Member 1 0 X 0 0 0 Jon Goldberg Board Member 1 0 X 0 0 0 Kim Halbauer Board Member 1 0 X 0 0 0 Todd Klimek Board Member 1 0 X 0 0 0 Mark Kull Board Member 1 0 X 0 0 0 Todd Lowe Board Member 1 0 X 0 0 0 Aaron Marcus Board Member 1 0 X 0 0 0 Brent McKim Board Member 1 0 X 0 0 0 Greg Pope Board Member 1 0 X 0 0 0 Yamilca Rodriguez Board Member 1 0 X 0 0 0 Paul Thompson Board Member 1 0 X 0 0 0 Mark Wheeler Board Member 1 0 X 0 0 0 David Wombwell Chair Finance Committee 1 0 X 0 0 0 Terry Wright Board Member 1 0 X 0 0 0 Victoria Russell Board Member 1 0 X 0 0 0 Scott Schaftlein Incoming Board Chair 5 0 X 0 0 0 Linda Schuster Board Member 1 0 X 0 0 0 Kelly Watson Chair Equity Committee 1 0 X 0 0 0 Mary Beth Warner Chair Community Investment Committee 1 0 X 0 0 0 Nicole Yates Board Chair 5 0 X 0 0 0 Regina Blake Board Member 1 0 X 0 0 0 Lalania Gilkey-Johnson Board Member 1 0 X 0 0 0 DeVone Holt Board Member 1 0 X 0 0 0 Larry Schwartz Board Member 1 0 X 0 0 0 Vikki Stone Board Member 1 0 X 0 0 0 Leyla Touma-Dailey Board Member 1 0 X 0 0 0 Kendrick Vaughn Board Member 1 0 X 0 0 0 Chris Whelan Board Member 1 0 X 0 0 0 Carl Thomas Board Member 1 0 X 0 0 0 Ed Glasscock Board Member 1 0 X 0 0 0 351967 0 0 3 0 1 0 0 0 0 0 0 787983 5287870 0 6075853 0 948714 948714 0 0 0 0 0 0 0 0 0 0 25036 0 21499 0 3537 0 3537 3537 0 0 3795660 0 4305844 0 -510184 0 -510184 -510184 0 0 0 23 23 0 0 23 6517943 442090 0 0 4007863 4007863 409106 163642 116874 128590 924374 433862 84067 406445 19446 7010 3020 9416 90770 32723 14095 43952 90905 41470 11063 38372 0 0 0 0 0 0 0 0 27900 0 27900 0 0 0 0 0 0 0 0 0 0 0 15000 0 0 15000 0 0 0 0 53424 25110 7478 20836 125426 48940 14572 61914 18977 18977 0 0 86325 40835 12176 33314 25864 12156 3621 10087 0 0 0 0 17564 3478 11988 2098 24507 11518 3431 9558 Campaign Incentives/Entertainment 21341 0 0 21341 Printing & Marketing 41504 36535 968 4001 Events & Performers 5610 5610 0 0 In Kind Bad Debt Write-Off -36207 -36207 0 0 94066 10902 64627 18537 6063765 4864424 375880 823461 0 0 112447 259945 4199255 3674113 14046 68731 2129985 1694939 487675 435046 3966723 3675800 209000 8780146 8322635 158580 155983 700146 377355 858726 533338 X 4492772 4009815 3428648 3779482 7921420 7789297 8780146 8322635 X 454178 -219265 -54721 0 0 -312315 X 0 1 X 1 0 X 6075343 9278523 6096982 5454254 6075853 32980955 6075343 9278523 6096982 5454254 6075853 32980955 32980955 148305 2298883 850869 -271079 973750 4000728 36981683 0.89182 0.91596 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 405739 0 28266 69530 0 708 363767 379916 16020 16006 5494 0 709 405739 176699 227941 -18880 5085 0 759 379916 111290 40115 30934 5033 0 607 176699 113497 0 3185 4841 0 551 111290 0.65 0 0.35 1 0 0 0 0 0 1697692 1303865 393827 0 0 0 0 0 432293 391074 41219 0 0 0 0 435046 5968307 0 7750 0 0 7750 5960557 219265 338121 557386 6517943 6126236 62471 0 0 0 62471 6063765 0 0 0 6063765 Schedule D, Part V, Line 4 The purpose of the Bingham Endowment, held by the Community Foundation of Louisville is to provide funds for the Fund for the Arts for its mission of supporting the arts community of Metro Louisville. The purpose of the Allen Cowen Innovation Fund for the Advancement of the Arts is to provide funding to assist community arts administrators in pursuing innovative professional development or educational opportunities that will have a long-term impact on the Louisville arts community. The purpose of the Barbara Sexton Smith Education Enhancement Fund is to support local education initiatives which utilize the arts. The Fund has a Board established endowment for arts and equity. Schedule D, Part XI, Line 4b Partnership Gifts $25,806; Write-off Uncollectible Pledges $312,315 1 21C Museum 700 West Main Street Louisville KY 40202 371447840 501 (c)3 5478 Arts in Neighborhoods Cultural Pass Academy of Music Production 4425 Greenwood Avenue Louisville KY 40111 471113120 501 (c)3 39384 Arts in Institutions Sustaining Impact Grant Actors Theatre of Louisville 315 West Main Street Louisville KY 40202 610645030 501 (c)3 425323 Arts in Institutions Neighborhoods and Learning Arts Alliance Southern Indiana 820 East Market Street New Albany IN 47150 351383333 501 (c)3 24644 Arts in Institutions Sustaining Impact Grant Bernheim Arboretum and Research Forest 2499 Clermont Road Clermont KY 40110 610444651 501 (c)3 5804 Arts in Neighborhoods Cultural Pass Change Today Change Tomorrow Inc 2500 W Broadway Suite 3 Louisville KY 40211 843715550 501 (c)3 7000 Arts in Neighborhoods Mini Grant Commonwealth Theatre Center 1123 Payne Street Louisville KY 40204 610902733 501 (c)3 25228 Arts in Institutions and Neighborhoods Dare to Care Food Bank PO Box 35458 Louisville KY 40232 234345952 501 (c)3 6000 Arts in Neighborhoods Culinary Frazier History Museum 829 West Main Street Louisville KY 40202 611378343 501 (c)3 9353 Arts in Neighborhoods Cultural Pass IDEAS xLab 204 S Floyd St Louisville KY 40202 463469821 501 (c)3 56639 Arts in Institutions and Neighborhoods Jefferson County Public Schools Van Hoose Education Center 3332 Newburg Road Louisville KY 40218 616001316 GOV 272888 Arts in Learning Kentucky Derby Museum 704 Central Avenue Louisville KY 40208 311023459 501 (c)3 9471 Arts in Neighborhoods Cultural Pass Kentucky Opera 708 Magazine Street Louisville KY 40203 610601311 501 (c)3 147184 Arts in Institutions and Partnership Grants Kentucky Science Center 727 W Main St Louisville KY 40202 311005850 501 (c)3 17011 Arts in Neighborhoods Cultural Pass Kentucky Shakespeare 616 Myrtle Street Louisville KY 40208 616036654 501 (c)3 129132 Arts in Institutions Neighborhoods and Learning KMAC Museum 715 West Main Street Louisville KY 40202 610985312 501 (c)3 118061 Arts in Institutions Neighborhoods and Learning Looking for Lilith Theatre Com 312 Crescent Avenue Louisville KY 40206 300135891 501 (c)3 21316 Arts in Institutions Neighborhoods and Learning Louisville Academy of Music 2740 Frankfort Avenue Louisville KY 40206 610530107 501 (c)3 40226 Arts in Institutions Institutions and Learning Louisville Ballet 315 East Main Street Louisville KY 40202 616033779 501 (c)3 272406 Arts in Institutions Neighborhoods and Learning Louisville Folk School 113 N Clifton Avenue Louisville KY 40206 833194321 501 (c)3 18721 Arts in Institutions Neighborhoods and Learning Louisville Metro Parks Community Centers 527 West Jefferson Street Louisville KY 40202 204372292 GOV 1000700 Arts in Neighborhoods HeARTS Louisville Nature Center 3745 Illinois Ave Louisville KY 40213 616036081 501 (c)3 5392 Arts in Neighborhoods Cultural Pass Louisville Story Program 851 S Fourth St Louisville KY 40203 475237414 501 (c)3 37661 Arts in Institutions Institutions and Learning Louisville Visual Art 1538 Lytle Street Louisville KY 40203 610492348 501 (c)3 100782 Arts in Institutions Neighborhoods and Learning Louisville Youth Choir 3105 Lexington Road Louisville KY 40206 616058143 501 (c)3 14505 Arts in Institutions Institutions and Learning Louisville Youth Orchestra PO Box 997 Louisville KY 40202 610597184 501 (c)3 35488 Arts in Institutions Institutions and Learning Louisville Zoo 1100 Trevilian Way Louisville KY 40205 310971742 GOV 25000 Arts in Neighborhoods Cultural Pass Pandora Productions PO Box 4185 Louisville KY 40204 201012066 501 (c)3 32991 Arts in Institutions Sustaining Impact Grant Oldham County Schools 6165 W Highway 146 Crestwood KY 40014 616001306 GOV 5430 Arts in Learning Parks Alliance of Louisville PO Box 5755 Louisville KY 40255 204372292 501 (c)3 5250 Arts in Neighborhoods Portland Museum 2308 Portland Avenue Louisville KY 40212 237422794 501 (c)3 44872 Arts in Institutions Neighborhoods and Learning Prominent Youth of America 101 North 44th Street Louisville KY 40212 834538244 501 (c)3 11038 Arts in Institutions Sustaining Impact Grant Queer Kentucky 900 East Main Street Louisville KY 40206 844725183 501 (c)3 22790 Arts in Institutions Sustaining Impact Grant Redline Performing Arts 2500 Montgomery St Louisville KY 40211 832494419 501 (c)3 5993 Arts in Neighborhoods HeARTS Speed Art Museum 2035 So Third Street Louisville KY 40208 610444823 501 (c)3 94740 Arts in Institutions and Learning Squallis Puppeteers PO Box 4987 Louisville KY 40204 421552694 501 (c)3 10902 Arts in Institutions Sustaining Impact Grant StageOne Family Theatre 315 West Market Street Suite 25 Louisville KY 40202 610466715 501 (c)3 102471 Arts in Institutions Neighborhoods and Learning The Lou Tate Foundation 328 Kenwood Hill Road Louisville KY 40214 610961553 501 (c)3 13694 Arts in Institutions Neighborhoods and Learning The Louisville Orchestra 624 West Main Street Suite 400 Louisville KY 40202 616000384 501 (c)3 514480 Arts in Institutions Neighborhoods and Learning Yew Dell Botanical Gardens 6220 Old Lagrange Rd Crestwood KY 40014 611390688 501 (c)3 5194 Arts in Neighborhoods Cultural Pass Young Authors Greenhouse Inc 2509 Portland Avenue Louisville KY 40212 822878352 501 (c)3 38227 Arts in Institutions Neighborhoods and Learning 41 0 Schedule I, Part I, Line 2 Fund for the Arts makes grant awards based on competitive grant application processes where grant applicants apply for specific grant awards based on identified criteria. Grant review committees consisting of community members and Board members, review the applications according to the specified criteria and make recommendations for the grant awards. These recommendations are reviewed and approved by the Fund for the Arts Community Investment Committee and in some cases the full Board of Directors. Monitoring is done through required project/operation completion and impact of funding (i.e. outcome reporting) according to executed grant agreements. Additional specific follow-up, if any, is determined based on the size of grant, purpose, and knowledge of the grantee organization. X X X 0 0 0 0 0 0 0 0 0 Andre Guess President & CEO 212342 0 50000 0 0 0 11000 0 8257 0 281599 0 0 0 Janie Buckler CFO/COO 84625 0 5000 0 0 0 4100 0 7837 0 101562 0 0 0 Schedule J, Part I, Line 3 The Fund for the Arts' Compensation Committee includes a Chair, the Fund for the Arts' Board Chair, the Chair of the Finance & Audit Committee, and the Chair of the Campaign Committee. Members of the committee review a summary of accomplishments for the year and the compensation data developed from the review of other Forms 990. Recommendations related to the CEO and other executive compensation are discussed and voted on by the Compensation Committee in an executive session and meeting minutes are recorded. Recommendations are then taken to the organization's Executive Committee and/or Board for their final review and approval. Form 990, Part VI, Section B, Line 11b A group consisting of the organization's Board Chair, CEO, Chair of the Compensation Committee, Chair of the Finance Committee and at least two other members of the Finance Committee are provided with a draft of the Form 990 for review prior to its finalization. A copy of the finalized return is made available to all voting Board members prior to being filed with the IRS. Form 990, Part VI, Section B, Line 12c Annually, the Fund for the Arts, provides a copy of the COI Policy to all Directors and Officers. Directors and Officers are required to read and comply with the policy which requires, at a minimum, annual disclosure of outside activities and relationships which could give rise to a potential conflict. This is then used by the organization's management in its ongoing monitoring of potential conflicts. In addition, the COI Policy requires that a director or Officer provide full disclosure of any conflicts or perceived conflicts as defined in the Policy and recuse him/herself from participation in the decision-making or vote regarding the affected transaction. Form 990, Part VI, Section B, Line 15 Each year the Fund for the Arts' Compensation Committee reviews the compensation arrangements for the CEO. They also review the CEO's recommendation regarding compensation for leadership team members including CFO. The Committee is comprised of the Board Chair and Committee Chairs from Compensation, Finance, Governance & Investment. The Committee uses comparability data and documents the deliberations and recommendations. The compensation arrangements are reviewed/approved prior to changes being implemented. Form 990, Part VI, Section C, Line 19 The most current audited financial statements are available on the Fund for the Arts' website. Articles of Incorporation are on file with the KY Secretary of State. The Conflict-of-Interest Policy and Bylaws are available upon request. Form 990, Part XI, Line 9 Write-off Uncollectible Pledges $312,315