Nonprofit · EIN 83-2173068
ARTS BUSINESS COLLABORATIVE INC
Tax-exempt · LONG IS CITY, NY 11101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $321,078 | $736,783 | -$415,705 | $174,877 | $303,740 | -$128,863 |
| December 31, 2023 | 990 | $1,893,428 | $2,683,383 | -$789,955 | $676,942 | $63,549 | $613,393 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $321,078
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $11,583
- Compensation of officers, directors and key employees
- $412,148
- Salaries, compensation and benefits (total)
- $475,909
- Professional fundraising fees
- $0
- Legal fees
- $35,550
- Accounting fees
- $42,997
- Occupancy
- $342
- Travel
- $313
- Program services (functional)
- $170,901
- Management and general (functional)
- $434,401
- Fundraising (functional)
- $131,477
Balance sheet and other
- Total assets, start of year
- $676,942
- Total assets, end of year
- $174,877
- Total liabilities, end of year
- $303,740
- Net assets, end of year
- -$128,863
- Net assets without donor restrictions
- -$128,863
- Gross receipts
- $321,078
- Employees
- 12
- Volunteers
- 2
- Year formed
- 2018
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAT BLOOMFIELD | CEO- BOARD SECRETARY Trustee or director, Officer | 40 | $187,519 | $17,376 |
| JOSHUA BEAUCHEMIN | CFO Trustee or director, Officer | 40 | $143,564 | $16,031 |
| AKIL B DAVIS | BOARD TREASURER Trustee or director | 1 | $0 | $0 |
| ISABEL JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAT BLOOMFIELD | CEO- BOARD SECRETARY Trustee or director, Officer | 40 | $187,519 | $17,376 |
| JOSHUA BEAUCHEMIN | CFO Trustee or director, Officer | 40 | $143,564 | $16,031 |
| AKIL B DAVIS | BOARD TREASURER Trustee or director | 1 | $0 | $0 |
| PHOENIX MILLACY JAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ISABEL JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CONRHONDA BAKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4470 21ST ST, LONG IS CITY, NY 11101-5114
- In care of
- % KAT BLOOMFIELD
- Mailing address (990-N for 2018)
- PO Box 296, Elmhurst NY 11380
- Principal officer (990 for 2024)
- Katlyn Bloomfield, 401 N Senate Ave, Unit 516, Indianapolis, IN 46204
- Principal officer (990-N for 2018)
- Katlyn Bloomfield, 8740 Elmhurst Avenue Apt 206, Elmhurst NY 11380
- Signed the 990
- Kat Bloomfield, Chief Executive Officer
- Phone
- (781) 375-6968
Mission
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.
Program accomplishments
- 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.Expenses $170,901 · grants $11,583
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-2173068
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S50)
- Assets (IRS master file)
- $174,877
- Income (IRS master file)
- $321,078
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,893,428 | $2,683,383 | $676,942 | IRS |
| 990 | December 2022 | $2,142,247 | $9,099,544 | $1,559,343 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Katlyn Bloomfield | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about ARTS BUSINESS COLLABORATIVE INC
- What is the EIN of ARTS BUSINESS COLLABORATIVE INC?
- The employer identification number (EIN) of ARTS BUSINESS COLLABORATIVE INC is 83-2173068.
- Is ARTS BUSINESS COLLABORATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to ARTS BUSINESS COLLABORATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ARTS BUSINESS COLLABORATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ARTS BUSINESS COLLABORATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ARTS BUSINESS COLLABORATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ARTS BUSINESS COLLABORATIVE INC?
- The 990 for the year ended December 31, 2024 names Katlyn Bloomfield.
- Who are the officers and directors of ARTS BUSINESS COLLABORATIVE INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $187,519 (KAT BLOOMFIELD, CEO- BOARD SECRETARY).
- How much revenue does ARTS BUSINESS COLLABORATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $321,078, expenses of $736,783 and total assets of $174,877 at year end.
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