ART CREATES CURES FOUNDATION INC

EIN: 824203352 501(c)(3)

NEW YORK, NY

Total Revenue
$800,169
Total Expenses
$670,317
Total Assets
$129,852
Net Assets
$129,852
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
JUSTINE ALEXANDRIA
Phone
2122797900
Tax Period
2018-01-01 to 2018-12-31

ART CREATES CURES FOUNDATION INC, founded in 2017, is a small nonprofit that reported $800K in total revenue in fiscal year 2018. The organization ran a surplus of $130K, a strong 16% operating margin.

Mission

THE ORGANIZATION IS A UNIQUE COLLABORATION BETWEEN LEADERS IN THE ART WORLD, SOTHEBY'S AND JOHNS HOPKINS. ESTABLISHED TO HONOR THE ART ENTREPRENEUR BUDI TEK, ART CREATES UNITES THE MANY PEOPLE BUDI HAS TOUCHED TO CELEBRATE HIS PASSION, VISION AND HUMANITY, WHILE, AT THE SAME TIME, STRIKING A BLOW AGAINST ONE OF THE WORST FORMS OF CANCER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $854,258
Program Service Revenue $0
Investment Income $0
Other Revenue $-54,089
TOTAL REVENUE $800,169

Expense Breakdown

Grants Paid $640,000
Salaries & Benefits $3,000
Fundraising Expenses $0
Program Expenses $667,317
Other Expenses $27,317
TOTAL EXPENSES $670,317

Year-over-Year Comparison

2018 2017 Change
Revenue $800,169 N/A N/A
Expenses $670,317 N/A N/A
Net Income $129,852 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BUDIARDJO TEK CHAIR OF THE BOARD 0.00
Officer Director
$0 $0 $0
LIU XIN FANG DIRECTOR 0.00
Officer Director
$0 $0 $0
JUSTINE ALEXANDRIA PRESIDENT 6.00
Officer Director
$0 $0 $0
RALPH HRUBAN DIRECTOR 0.00
Officer Director
$0 $0 $0
NICHOLAS ROBERTS DIRECTOR 0.00
Officer Director
$0 $0 $0
PATTI WONG DIRECTOR 0.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $800,169 $670,317 $129,852 $129,852
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