2024-05-02T16:00:49-07:00 2023-12-31 823782880 Mary G Sormeley CPA 560 Day Ave Ridgefield NJ 07657 990EZ 2023-01-01 830570122 THE FOUNDATION FOR ART AND BLOCKCHAIN FOUN 2122095450 221 W 9th St 101 Wilmington DE 19801 James Baggett Executive Director 2024-05-02 true James Baggett 999009999 true Mary G Sormeley P01469548 2018328922 X 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z X www.foundationforart X X 148862 X 20518 128344 134952 -6608 0 0 0 13910 15910 142753 28765 28651 216079 -202169 192564 66911 57306 X 21063 20 174137 61030 195200 61050 2636 3744 192564 57306 To empower creators to manifest authentic art through decentralized technology. 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.Launch of Giving Shape by Ippsketch, a generative art series where half of the sales proceeds go to FAB DAO to support artists. We sent a grant to generative artist Amy Goodchild to fund her project, "A Strange Kind of Physical Reality," which launched on fx(hash)We fiscally sponsored and advised on the formation of Accelerate Art, a non-profit dedicated to bringing opportunities to lesser-known crypto artists.The second half of 2023 was directed towards Pindar Van Arman, a monograph. Featuring 110 color plates and exclusive studio photographs, this book includes a detailed chronology and bibliography, plus a rare glimpse of the coding behind Van Arman's Reflection series. Available as both an NFT and a hardback limited edition of 500, it debuted at NFT Paris. This collector's edition features a clothbound, thread-sewn hardcover measuring 11.5 x 11.5 inches, encompassing 160 pages with 110 illustrations. 176782 176782 Jessica Houlgrave President 1.00 0 Robert Keenan Vice President 1.00 0 Steven Masur Secretary 1.00 0 Mark Lurie Treasurer 2.00 0 James Baggett Board member 0 0 James Baggett Director 40.00 120000 13071 false false false false false false false 0 0 0 false 0 0 false Organization 221 W 9th St Suite 101 Wilmington DE 19801 2122095450 false false false false false false false false false false false NONE NONE true X 4825 20518 25343 0 0 0 0 4825 20518 25343 0 0 25343 0 0 0 0 4825 20518 25343 X 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Grants and Similar Amounts Paid In Excess of $5,000.1 | Donee's Name: Accelerate Art | Cash Amount Given: $15910 Other Expenses.1001 Advertising and Promotion $8528 Other Expenses.1002 Office Expenses $601 Other Expenses.1005 Travel $3935 Other Expenses.1012 Insurance $2528 Other Expenses.1 Dues and subscriptions $7283 Other Expenses.2 Software $3224 Other Expenses.3 Bank charges & fees $1559 Other Expenses.4 Payroll service $993 Other Assets.1012 Intangible Assets - Beginning $174137 Intangible Assets - Ending $61030 Total Liabilities.1001 Accounts Payable and Accrued Expenses - Beginning $2636 Accounts Payable and Accrued Expenses - Ending $2662 Total Liabilities.1006 Payable to Officers, Directors, Etc. - Beginning $0 Payable to Officers, Directors, Etc. - Ending $1000 Total Liabilities.1 Cash overdraft - Beginning $0 Cash overdraft - Ending $82