Art Media Foundation Inc

Address
1327 MASS MoCA Way 2nd Floor
North Adams, MA 01247
Contact
Website: http://www.artistbkfoundation.org
Phone: +1 (413) 398-5600
Nonprofit
NTEE: A123 - Arts, culture and humanities
EIN: 45-2671486

Mission

To promote the knowledge of a variety of art to the general public by publishing books, awarding and promoting new artists, and donating print and electronic versions of art books to public entities.
 201620152014
Basic features of the organization
Doing business as nameThe Artist Book Foundation
Year of formation2012
Subsection501(c)(3)
Organization typeCorporation
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$70,953.00$83,330.00$91,247.00
Sum of reportable (W2/1099) compensation$82,830.00$83,330.00$91,247.00
Number of employees111
Number of volunteers5  
Personnel
Carley, Tom
TitleDirectorDirector 
Name of key/compensated personTom CarleyTom Carley 
Average hours per week working for org002.00002.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionIndividual trustee or directorIndividual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Eliasoph, Philip
TitleSecretarySecretarySecretary
Name of key/compensated personPhilip EliasophPhilip EliasophPhilip Eliasoph
Average hours per week working for org002.00002.00002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Kaufman, Alan
TitleDirectorDirectorDirector
Name of key/compensated personAlan KaufmanAlan KaufmanAlan Kaufman
Average hours per week working for org002.00002.00002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Keegan, Colleen
TitleDirectorDirectorDirector
Name of key/compensated personColleen KeeganColleen KeeganColleen Keegan
Average hours per week working for org002.00002.00002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Taylor, Gibb
Title PresidentPresident
Name of key/compensated person Gibb TaylorGibb Taylor
Average hours per week working for org 050.00050.00
Reportable compensation from org $0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Individual trustee or director, OfficerIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Taylor, Hugh
TitleTreasurer  
Name of key/compensated personHugh Gibbs Taylor aka Gibb Taylor  
Average hours per week working for org020.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
van Breen, Leslie
TitleExecutive Director/ PresidentPublisherPublisher
Name of key/compensated personLeslie Pell Van BreenLeslie Van BreenLeslie Van Breen
Average hours per week working for org070.00070.00070.00
Reportable compensation from org$82,830.00$83,330.00$91,247.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, Key employeeIndividual trustee or director, Key employeeIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Purpose: mission, activities & accomplishments
Mission or significant activitiesTo promote the knowledge of a variety of art to the general public by publishing books, awarding and promoting new artists, and donating print and electronic versions of art books to public entities.To promote the knowledge of a variety of art to the general public by publishing books, awarding and promoting new artists, and donating print and electronic versions of art to public entities.To promote the knowledge of a variety of art to the general public by publishing books, awarding and promoting new artists, and donating print and electronic versions of art to public entities.
Program expenses (total)$104,960.00$98,973.00$106,271.00
Programs, including revenue & expenses
To create and publish books about visual artists working in a variety of media for the benefit of the general public.
Program expenses$104,960.00$98,973.00$106,271.00
Program descriptionTo create and publish books about visual artists working in a variety of media for the benefit of the general public.To create and publish books about visual artists working in a variety of media for the benefit of the general public.To create and publish books about visual artists working in a variety of media for the benefit of the general public.
Financial data
Expense categories (totals)
Sum (total functional expenses)$363,435.00$239,672.00$260,439.00
Program services (total functional expenses)$104,960.00$98,973.00$106,271.00
Management & general (total functional expenses)$258,453.00$120,700.00$115,883.00
Fundraising (total functional expenses)$22.00$20,000.00$38,285.00
Revenue
Total revenue$457,847.00$405,616.00$333,615.00
Program service revenue (total)$125,000.00 $0.00
Revenue from contributions (total)$292,958.00$377,527.00$313,470.00
Investment income$15.00$24.00$7.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$39,874.00$28,065.00$20,138.00
Total revenue from grants, etc., current yr$292,958.00$377,527.00$313,470.00
Gross receipts$460,164.00$411,202.00$347,077.00
Sources of contributions
Revenue from all other contributions$292,958.00$377,527.00$313,470.00
Other types of revenue
Miscellaneous revenue (total)$12,021.00$435.00$289.00
Income from dividends, interest, and similar investments$15.00$24.00$7.00
Net rental income  $0.00
Net income from fundraising events-$2,317.00  
Net inventory sales (total)$30,170.00$27,630.00$19,849.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00
Legal fees (total)$0.00$159.00$9,438.00
Fundraising service fees (total)$0.00$0.00$0.00
General management fees (total)$9,100.00$0.00$0.00
Investment management fees (total)$0.00$0.00$0.00
Accounting service fees (total)$1,774.00$5,447.00$5,663.00
Assets and liabilities
Total assets$562,554.00$402,621.00$230,842.00
Total assets, beginning of year$402,621.00$230,842.00$63,634.00
Total liabilities$173,425.00$159,796.00$153,961.00
Total liabilities, beginning of year$159,796.00$153,961.00$59,769.00
Net assets$389,129.00$242,825.00$76,881.00
Net assets, beginning of year$242,825.00$76,881.00$3,865.00
Cash: non-interest bearing$24,349.00$47,516.00$23,857.00
Cash: non-interest bearing, beginning of year$47,516.00$23,857.00$1,097.00
Loans and other payables to key persons$15,000.00$9,509.00$80,495.00
Inventories for sale or use$531,749.00$349,035.00$191,943.00
Other financial variables
Revenue less expenses$94,412.00$165,944.00$73,176.00
Advertising (total)$0.00$2,923.00$12,706.00
Accounts receivable, net$5,900.00$3,846.00$12,818.00
Accounts payable & accrued expenses$158,425.00$120,287.00$73,466.00
Unsecured notes & loans to unrelated parties $30,000.00 
Total net assets or fund balances$389,129.00$242,825.00$76,881.00
Depreciation, depletion, amortization$1,668.00$0.00$0.00
Payment to affiliates$0.00$0.00$0.00
Governance and accountability
Number of voting members665
Number of independent voting members665
Diversion of assetsTrue  
Relationships among key personnelTrue  
Tax year start date2015-07-012014-07-012013-07-01
Tax year end date2016-06-302015-06-302014-06-30
Accounting methodAccrualCashAccrual
Indicators for schedules (selected)
Outstanding loan to key person or disqualified personTrueTrueTrue
Metadata about the filing
E-return type990990990
Reason for form submission
Address changeTrue  
Date e-filing submitted2017-08-092017-10-242016-03-24
IRS schema version2015v3.02014v6.02013v4.0
Filing identifier201700729349300635201732429349300518201640269349300784
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