Art Bridges Inc

Nonprofit profile at a glance

EIN
810842855
IRS 990-PF coverage
2018–2024
Forms available
Form 990-PF 2024, Form 990-T 2024
Location
Fort Worth, TX, USA
Phone
4794641570
Rating
80
Verdict
STRONG
Rating confidence
Standard
Sector
Arts Education

Reported finances

Revenue
$114,835,971
Expenses
$53,137,920

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Arts Education

What it reported funding in 2024

The foundation reported 188 grants totaling $15,165,023. The stated grant purposes included support for exhibition hosting costs, support for programs that create transformative experiences connecting with diverse communities, engaging audiences in new ways, and highlighting interdisciplinary connections., and to support exhibition hosting costs and to support programs that create transformative experiences connecting with diverse communities, engaging audiences in new ways, and highlighting interdisciplinary connections., plus 5 other reported purposes.

Operating model

Revenue model
Investment-supported. 81% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Hybrid. The foundation combined direct charitable work with grants to other organizations or people.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 87
  • Cost Efficiency: 29
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 90

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 86.5%; rating input score 87; 21st percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 28.5%; rating input score 29; 10th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Fail
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 63.38; rating input score 90; 90th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 86.5% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 90th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 199 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Cost Efficiency: Grant expense ratio scored 29/100.
  • Review — Compliance: Part VII-B activity disclosures: Goods, services, or facilities involving a disqualified person not reported.