2024-11-15T15:09:48-06:00 2023-12-31 933292005 SAVASTANO KAUFMAN ADVISORS LLC 21-00 ROUTE 208 SOUTH SUITE120 FAIR LAWN NJ 07410 990 2023-01-01 832173068 ARTS BUSINESS COLLABORATIVE INC ARTS 7813756968 31-00 47TH AVENUE 3100 LONG ISLAND CITY NY 11101 KATLYN BLOOMFIELD CEO 7813756968 2024-11-15 1 0 BRETT A REA CPA P00089027 2017967300 2023 2024-10-15 13:58:12Z KATLYN BLOOMFIELD PO BOX 296 ELMHURST NY 11380 1893428 0 X WWW.ARTSBUSINESSCOLLABORATIVE.ORG X 2018 NY ARTS BUSINESS COLLABORATIVE, INC IS A TECHNICAL ASSISTANCE AND RESEARCH ORGANIZATION WITH A MISSION TO IMPROVE QUALITY OF LIFE FOR PEOPLE OF COLOR THROUGH THE ARTS AND "STEM" SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS. THESE SERVICES FOCUS ON THE UNDERLYING FACTORS THAT IMPEDE THEIR CREATIVE AND PROFESSIONAL ENDEAVORS: ACCESS TO CAPITAL, NETWORKS, AND TRAINING. ABC AIMS TO SYSTEMICALLY IMPROVE THE QUALITY OF LIFE IN COMMUNITIES OF COLOR THROUGH TWO MAIN SERVICES: THE GRASSROOTS ACTION PROJECT AND THE RISING TIDES RESEARCH INSTITUTE. THE ORGANIZATION IS SUPPORTED PRIMARILY THROUGH CONTRIBUTIONS FROM THE PUBLIC AND PRIVATE GRANTS. 3 3 12 0 0 0 1919266 1815613 220459 76512 2522 1303 0 0 2142247 1893428 3255222 541202 0 0 1005664 981271 0 0 150859 4838658 1160910 9099544 2683383 -6957297 -789955 1559343 676942 171115 63549 1388228 613393 X ARTS BUSINESS COLLABORATIVE, INC IS A TECHNICAL ASSISTANCE AND RESEARCH ORGANIZATION WITH A MISSION TO IMPROVE QUALITY OF LIFE FOR PEOPLE OF COLOR THROUGH THE ARTS AND "STEM" SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS. THESE SERVICES FOCUS ON THE UNDERLYING FACTORS THAT IMPEDE THEIR CREATIVE AND PROFESSIONAL ENDEAVORS: ACCESS TO CAPITAL, NETWORKS, AND TRAINING. ABC AIMS TO SYSTEMICALLY IMPROVE THE QUALITY OF LIFE IN COMMUNITIES OF COLOR THROUGH TWO MAIN SERVICES: THE GRASSROOTS ACTION PROJECT AND THE RISING TIDES RESEARCH INSTITUTE. THE ORGANIZATION IS SUPPORTED PRIMARILY THROUGH CONTRIBUTIONS FROM THE PUBLIC AND PRIVATE GRANTS. 0 0 1688554 541202 76512 ARTS BUSINESS COLLABORATIVE, INC IS A TECHNICAL ASSISTANCE AND RESEARCH ORGANIZATION WITH A MISSION TO IMPROVE QUALITY OF LIFE FOR PEOPLE OF COLOR THROUGH THE ARTS AND "STEM" SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS. THESE SERVICES FOCUS ON THE UNDERLYING FACTORS THAT IMPEDE THEIR CREATIVE AND PROFESSIONAL ENDEAVORS: ACCESS TO CAPITAL, NETWORKS, AND TRAINING. ABC AIMS TO SYSTEMICALLY IMPROVE THE QUALITY OF LIFE IN COMMUNITIES OF COLOR THROUGH TWO MAIN SERVICES: THE GRASSROOTS ACTION PROJECT AND THE RISING TIDES RESEARCH INSTITUTE. THE ORGANIZATION IS SUPPORTED PRIMARILY THROUGH CONTRIBUTIONS FROM THE PUBLIC AND PRIVATE GRANTS. 1688554 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 12 1 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 1 0 0 NY X THE ORGANIZATION 7813756968 31-00 47TH AVENUE SUITE 3100 LONG ISLAND CITY NY 11101 KAT BLOOMFIELD CEO- BOARD SECRETARY 40.00 X X 187519 0 17376 JOSHUA BEAUCHEMIN CFO 40.00 X X 143564 0 16031 AKIL B DAVIS BOARD TREASURER 1.00 X 0 0 0 PHOENIX MILLACY JAY BOARD MEMBER 1.00 X 0 0 0 ISABEL JONES BOARD MEMBER 1.00 X 0 0 0 CONRHONDA BAKER BOARD MEMBER 1.00 X 0 0 0 331083 0 33407 2 0 1 0 0 650000 1165613 1815613 SPONSORSHIP FEE REVENU 900099 76087 76087 OTHER INCOME 900099 425 425 76512 1303 1303 1893428 76512 0 1303 489202 489202 12000 12000 40000 40000 341016 96573 167185 77258 438158 287123 151035 13988 8239 5749 121759 63768 53291 4700 66350 32853 27267 6230 14229 14229 65651 65651 74587 74587 9538 9538 95627 23319 72308 10245 10245 1401 1401 22417 22417 936 936 7018 7018 CLOSE FISCAL SPONSOR PR 401320 401320 CONTRACTORS 198914 56945 141969 PROFESSIONAL FEES 130625 130625 FUNDRAISING EXPENSES 62671 62671 65731 62251 3480 2683383 1688554 843970 150859 1508593 509528 50750 144250 0 23164 1559343 676942 157366 40033 13749 352 0 23164 171115 63549 X -1090568 -505271 2478796 1118664 1388228 613393 1559343 676942 X -789955 15120 X X 0 1 X 1 0 X 41404 9584460 6844080 1919266 1165613 19554823 39808 579083 630675 220459 76512 1546537 81212 10163543 7474755 2139725 1242125 21101360 0 0 0 21101360 296 2522 1303 4121 296 2522 1303 4121 81212 10163543 7475051 2142247 1243428 21105481 0.99980 0.99990 0.00020 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 EXCHANGE PAYABLE 23164 23164 1893428 0 1893428 0 1893428 2683383 0 2683383 0 2683383 1 0 0 0 0 0 0 0 0 0 MEXICO CREATE AWARENESS ABOUT ASSAULTS AGAINST INDIGENOUS WOMEN 10000 0 UK SUPPORT THE HEALTH, SAFETY AND RIGHTS OF WOMEN, GIRLS AND NON-BINARY PEOPLE IN ALL THEIR DIVERSITY. 10000 0 UK TO SUPPORT GROUP IN ENGLAND CIVIL RIGHTS FOR BLACK PEOPLE 20000 0 0 0 0 0 0 0 1 THE OKRA PROJECT 1002 DEAN STREET SUITE 101 BROOKLYN NY 11238 881826091 501(C)(3) 485551 0 FINANCIAL ASSISTANCE FOR BLACK TRANS PEOPLE. TRANSGENDER EDUCATION 8 12000 PART I, LINE 2: ALL GRANTS ARE JUSTIFIED BEFORE BEING GIVEN WITH QUOTES AND INVOICES FOR COSTS ASSOCIATED WITH RENT,GENDER AFFIRMING SURGERIES, TUITION AND MEDICAL BILLS. PAYMENTS ARE THEN MADE TO INDIVIDUALS WHO ARE FOLLOWED UP WITHIN 3-6 MONTHS BY THE SPONSORED PROJECT WHO MADE THE GRANT. X 0 0 0 0 0 0 0 0 0 KAT BLOOMFIELD CEO- BOARD SECRETARY 187519 0 0 0 0 0 5626 0 11750 0 204895 0 0 0 JOSHUA BEAUCHEMIN CFO 143564 0 0 0 0 0 4307 0 11724 0 159595 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE ORGANIZATION RECEIVES DONATIONS PRIMARILY TO FUND ONE OR MORE SOCIAL PROJECTS THAT PROVIDE SMALL TO MID-SIZED ORGANIZATIONS ACROSS THE NATION WITH PROGRAM DEVELOPMENT, PROGRAM EVALUATION, BOARD DEVELOPMENT FOR RACIAL EQUITY, FUNDRAISING, AND COMMUNITY ORGANIZING. THESE PROJECTS CONTRIBUTE TO PROGRESSIVE AND RADICAL PUBLIC POLICIES THAT ADDRESS THE ENDURING SYSTEMS OF INEQUALITIES THAT HAVE IMPACTED MINORITY COMMUNITIES, WITH A FOCUS ON KEY STAKEHOLDERS IN THE CULTURAL ARTS INCLUDING ARTISTS, BUSINESS OWNERS, AND NOT FOR PROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 2 THE CHIEF EXECUTIVE OFFICER AND THE BOARD TREASURER ARE SIBLINGS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM, ENGAGED BY THE GOVERNING BODY, IN WHICH A DRAFT COPY OF THE FORM 990 IS ROUTED TO THE GOVERNING BODY FOR REVIEW AND COMMENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEO OF THE ORGANIZATION IS REVIEWED AND APPROVED BY THE GOVERNING BODY WITH AUTHORITY TO ACT ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE UPON REQUEST FOR A PERIOD OF THREE YEARS FROM THE DUE DATE OF THE RETURN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES GOVERNING DOCUMENTS,POLICIES AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CORRECTIONS TO OPENING ACCRUAL BASIS AMOUNTS 15,120. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN EXECUTIVE BOARD THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF INDEPENDENT ACCOUNTANTS. THE PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS.