BOUNDLESS ARTS FOUNDATION INC

EIN: 850517485 501(c)(3) Arts, Culture & Humanities

DORAL, FL

Total Revenue
$45,012
Total Expenses
$822,847
Total Assets
$574,911
Net Assets
$477,631
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
FL
Principal Officer
MANQING JIN
Phone
5133047382
Tax Period
2024-01-01 to 2024-12-31

BOUNDLESS ARTS FOUNDATION INC, founded in 2020, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $45K in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $823K exceeded revenue, resulting in a 1728% operating deficit.

Mission

WE PROVIDE EDUCATIONAL MATERIALS AND WORKSHOPS ABOUT MUSIC AND OTHER ART FORMS. CURRENTLY WE ARE WORKING ON DEVELOPING THE ALL WITHOUT WORDS CURRICULUM, A 12-SESSION EDUCATIONAL PROGRAM WITH GUIDED LESSONS, RESOURCES, AND MULTIMEDIA TOOLS TO HELP NEURODIVERSE FAMILIES UNDERSTAND NEURODIVERSITY, EMBRACE THEIR DIFFERENCES, AND THRIVE IN THE REAL WORLD. IN ADDITION, WE PROVIDE GRANTS AND SPONSORSHIPS TO MUSICIANS, ARTISTS, AND COMMUNITY-BASED ORGANIZATIONS TO SUPPORT THEIR PERFORMANCES AND INITIATIVES. WE ALSO ACQUIRE, CREATE, AND SHARE MUSIC AND OTHER ART RELATED CONTENT, MAKING IT AVAILABLE FOR THE PUBLIC AND THE ARTS COMMUNITIES TO LEARN AND ENJOY. ONE EXAMPLE IS THE PHIL SCHAAP'S JAZZ INTERVIEWS ARCHIVE. WE DIGITIZED THOUSANDS OF HOURS OF INTERVIEWS RECORDED BY BROADCASTER, MUSIC HISTORIAN, AND ARCHIVIST PHIL SCHAAP. THESE MATERIALS ARE NOW AVAILABLE TO THE PUBLIC THROUGH THE VANDERBILT UNIVERSITY'S LIBRARY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $0
Investment Income $44,012
Other Revenue $0
TOTAL REVENUE $45,012

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $724,443
Other Expenses $822,847
TOTAL EXPENSES $822,847

Year-over-Year Comparison

2024 2023 Change
Revenue $45,012 $254,894 -0.8%
Expenses $822,847 $464,162 +0.8%
Net Income $-777,835 $-209,268 +2.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENT SAVAGE PRESIDENT 4.00
Officer Director
$0 $0 $0
MANQING JIN SECRETARY 6.00
Officer Director
$0 $0 $0
GERARDO CALVO LOGRONO TREASURER 2.00
Officer Director
$0 $0 $0
STEVE ROBINSON BOARD MEMBER 2.00
Director
$0 $0 $0
AMANDA ARIAS BOARD MEMBER 2.00
Director
$0 $0 $0
ADAM SAVAGE ASSISTANT SE 2.00
Officer
$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
2024 $45,012 $822,847 $574,911 $-777,835
2023 $254,894 $464,162 $1,255,466 $-209,268
2021 $204,617 $31,925 $1,698,013 $172,692
2020 $1,525,321 No data $1,525,321 No data
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