Overview
What is Fractured Atlas Inc?
Fractured Atlas Inc, located in New York City, serves as a fiscal sponsor for approximately 3,500 artists and arts organizations across the United States. The organization facilitates the receipt, holding, and distribution of grants and donations on behalf of these projects. The mission of Fractured Atlas is to make the path from inspiration to artistic practice more accessible and equitable for artists and creatives. With a team of 25 employees, Fractured Atlas plays a vital role in supporting the artistic community in their endeavors.
Official website here: www.fracturedatlas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Fractured Atlas has achieved a high rating of 95%, reflective of its strong accountability and financial practices. The organization boasts a fully independent board and has excellent financial metrics, including a program expense ratio of 95.64%. This indicates a commitment to utilizing the majority of its funds toward programs rather than administrative costs, which is a positive sign for potential donors and stakeholders.
User feedback presents a mixed picture. While many clients and board members laud the organization for its supportive services, innovative solutions, and responsiveness in assisting artists, there are significant criticisms from others. Some users have expressed disappointment, alleging that Fractured Atlas failed to uphold its charitable mission and acted contrary to its stated goals, leading to feelings of disenfranchisement among those seeking assistance.
Overall, while Fractured Atlas demonstrates strong financial health and receives praise for its support of the arts community, it is important for potential users and donors to consider the contrasting experiences reported in feedback. These concerns highlight the need for ongoing evaluation of its practices to ensure alignment with its mission of empowerment and support for artists.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Fractured Atlas Inc legitimate?
Fractured Atlas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fractured Atlas Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,426,519
For more financial information, click here
Official website here: www.fracturedatlas.org
What is the mission statement of Fractured Atlas Inc?
Fractured Atlas is a non-profit organization dedicated to making the path from creative inspiration to practical realization more achievable and inclusive for artists and creatives. By serving as a fiscal sponsor to over 3,500 individual artists and arts organizations across the United States, Fractured Atlas facilitates the receipt, holding, and distribution of grants and contributions on their behalf. This enabling role enables these projects to secure funding and further their artistic endeavors. Fractured Atlas's mission is geared towards reducing financial and administrative barriers, thereby fostering a more accessible and equitable environment for artistic pursuits to thrive.
Official website here: www.fracturedatlas.org
Who is the CEO of Fractured Atlas Inc?
Russell Willis Taylor is the Chair of Fractured Atlas Inc. The CEO's salary of Fractured Atlas Inc is $190,200 and their total compensation is $223,903.
Official website here: www.fracturedatlas.org
What is the revenue of Fractured Atlas Inc?
Fractured Atlas Inc's revenue in 2022 was $36,358,780.
Official website here: www.fracturedatlas.org
Who are the executives of Fractured Atlas Inc and what are their salaries?
The average compensation at Fractured Atlas Inc during 2022 was $57,061. There are 25 employees at Fractured Atlas Inc.
Here are 9 key members and their salaries (Fractured Atlas Inc's CEO's salary is $190,200 and their total compensation is $223,903):
- Compensation: $190,200
- Related: $0
- Other: $33,703
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fracturedatlas.org
Where can I find the form 990 for Fractured Atlas Inc?
Fractured Atlas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fracturedatlas.org
Learn more at the official website: www.fracturedatlas.org
Mission Statement of Fractured Atlas Inc
Fractured Atlas Inc, a mission-driven organization, strives to make the path from creative inspiration to practical realization more accessible and equitable for artists and creatives across the United States. By acting as a fiscal sponsor, Fractured Atlas receives, holds, and distributes grants and contributions on behalf of over 3,500 individual artists and arts organizations under its wing. In essence, the organization serves as a catalyst, enabling these artistic endeavors to thrive and come to fruition. Fractured Atlas is more than just a facilitator; it is an advocate for the arts community, ensuring that their voices are heard and their resources are utilized effectively. Through its vital role, Fractured Atlas empowers artists and creatives to focus on their craft, rather than the administrative burdens often associated with securing funding and financial management. With this support, the arts community can continue to inspire, innovate, and evolve, enriching our collective cultural landscape.
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Impact
October, 2024
Fractured Atlas Inc significantly impacts the arts community by enhancing accessibility and equity for artists and creatives across the United States. By serving as a fiscal sponsor for over 3,500 individual artists and arts organizations, it facilitates the receipt, management, and distribution of grants and contributions, empowering these projects to thrive. This support allows artists to focus on their creative endeavors without the burden of financial management, fostering innovation and collaboration within the arts sector. Fractured Atlas plays a crucial role in promoting diverse voices and expanding opportunities, ensuring that the journey from inspiration to practice is more inclusive for all creatives.
This information is meant to be a general summary of Fractured Atlas Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,090,409
- Program Service Revenue: $442,675
- Gross Receipts: $49,452,720
Assets and Liabilities:
- Total Assets: $26,189,611
- Total Liabilities: $163,823
- Net Assets: $26,025,788
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$295,434
NON-DEDUCTIBLE PORTION OF CON
Revenue
$147,241
Organization Details
Founding Year
2003
Phone
(212) 277-8020Principal Officer
Russell Willis Taylor
Main Address
228 PARK AVE S 56651, NEW YORK, NY, 10003
Website
www.fracturedatlas.orgNTEE Category
Code: A65 - Arts
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