2024-11-14T11:37:15-06:00 2023-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2023-01-01 831802347 THE ARBUTUS FOUNDATION INC ARBU 2122552408 441 BROADWAY 3RD FL NEW YORK NY 10013 REBECCA FAULKNER MANAGING DIRECTOR 2122552408 2024-11-14 1 0 FREDERICK MARTENS P00298107 2126972299 2023 2024-10-15 13:58:12Z DAVID BYRNE 441 BROADWAY 3RD FL NEW YORK NY 10013 873490 0 X HTTP://ARBUTUS.WORLD X 2018 NY THE ARBUTUS FOUNDATION, INC. DEVELOPS AND PRODUCES PROJECTS AT THE (CON'T ON SCHEDULE O) INTERSECTION OF SOCIAL, CULTURAL, SCIENTIFIC AND TECHNOLOGICAL FIELDS. ITS LEAD PROJECT IS REASONS TO BE CHEERFUL, AN ONLINE SOLUTIONS JOURNALISM MAGAZINE. 5 4 0 5 0 0 611651 746758 100000 52500 46407 0 141977 49780 900035 849038 200000 0 0 0 116000 92705 4883 0 80534 492029 632534 812912 725239 87123 123799 291122 237565 402324 224968 -111202 12597 THE ARBUTUS FOUNDATION, INC. IS A NONPROFIT ORGANIZATION FORMED TO DEVELOP AND PRODUCE PROJECTS AT THE INTERSECTION OF SOCIAL, CULTURAL, SCIENTIFIC AND TECHNOLOGICAL FIELDS. 0 0 400644 52500 REASONS TO BE CHEERFUL, IN ADDITION TO CONTINUING ITS ONGOING PUBLICATION OF FREE CONTENT, CONTINUED ITS MEMBERSHIP PROGRAM AND TOOK LARGE STRIDES TO EXPAND ITS PARTNERSHIPS AND FUNDRAISING, WITH AN ADDITIONAL FOCUS ON OBTAINING GRANTS FOR FOCUSED CONTENT. IN ADDITION, IT BEGAN TO ENGAGE IN SPEAKING EVENTS ACROSS THE COUNTRY, TO HELP SPREAD THE PUBLICATIONS MISSION AND CREATE MICRO COMMUNITIES AMONGST ITS READERS. 63179 AFTER THE INITIAL SUCCESS OF THEATER OF THE MIND IN 2022, THE YEAR WAS SPENT RECALIBRATING AND FOCUSING ON THE BEST NEXT STEPS FOR THE PRODUCTION, ENGAGING WITH SEVERAL POTENTIAL PRODUCING PARTNERS TO EXPLORE 463823 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 31 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 5 4 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 0 0 0 NY X ENVEEKAY 9143735311 74 CROTON DAM ROAD OSSINING NY 10562 DAVID BYRNE PRESIDENT 10.00 X X 0 0 0 KAREN WONG TREASURER 1.00 X X 0 0 0 MALUE ABENI BYRNE SECRETARY 1.00 X X 0 0 0 ABIGAIL DISNEY DIRECTOR 1.00 X 0 0 0 CHIOMA NNADI DIRECTOR 1.00 X 0 0 0 EMILY SIMONESS EXECUTIVE DIRECTOR 40.00 X 92705 0 0 92705 0 0 0 0 0 0 0 193070 25831 527857 746758 EVENT FEES AND COMMISS 711190 52500 52500 52500 48758 48758 24452 25831 24452 0 MISCELLANEOUS 900099 1022 1022 1022 849038 52500 0 49780 X 92705 46353 46352 6740 6740 9500 9500 524030 395636 95984 32410 157 157 13998 13768 230 12065 11199 529 337 4037 4037 9898 9898 EVENT AND AWARD EXPENSE 18466 18466 OTHER EXPENSES 17533 8644 7841 1048 STORAGE 16110 16110 725239 463823 180882 80534 247562 168980 32151 63895 7372 4690 24217 24217 4037 0 291122 237565 58114 46842 200000 16500 50416 127710 127710 402324 224968 X -111202 -12403 25000 -111202 12597 291122 237565 123799 0 X 1 X 0 0 0 X 177379 464737 238154 611651 746758 2238679 177379 464737 238154 611651 746758 2238679 738821 1499858 112835 48758 161593 2173 1022 3195 2403467 170671 0.62400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24217 24217 0 0 BENEFIT 50283 25831 24452 18500 5952 50283 25831 24452 18500 5952 24452 0 INDEX COMPANY OF BOARD PRESIDENT DAVID BYRNE ADVANCES/EXPENSES PAID ON BEHALF OF THE ORGANIZATION X 62118 62118 0 1 0 TOTO MUNDO LTD COMPANY OF BOARD PRESIDENT DAVID BYRNE ADVANCES/EXPENSES PAID ON BEHALF OF THE ORGANIZATION X 65592 65592 0 1 0 127710 FORM 990, PART VI, SECTION A, LINE 3 THE BOARD HIRED EMILY SIMONESS AS CONSULTING EXECUTIVE DIRECTOR TO MANAGE DAY TO DAY OPERATIONS FOR THE ARBUTUS FOUNDATION. FORM 990, PART VI, SECTION A, LINE 8B AT THIS TIME, ARBUTUS' BOARD IS SMALL AND DOES NOT HAVE A COMMITTEE STRUCTURE, SO HAS NO COMMITTEES WITH AUTHOIRTY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS FIRST REVIEWED BY THE EXECUTIVE DIRECTOR AND ARBUTUS FOUNDATION'S GENERAL COUNSEL. THE FORM IS THEN SUBMITTED TO THE BOARD FOR REVIEW BEFORE APPROVAL AND FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH APPLIES TO THE CORPORATION'S DIRECTORS, OFFICERS, AND KEY EMPLOYEES ("COVERED PERSONS"). EACH COVERED PERSON IS REQUIRED TO ACKNOWLEDGE, NOT LESS THAN ANNUALLY, THAT HE OR SHE HAS READ AND IS IN COMPLIANCE WITH THE POLICY. WHEN A COVERED PERSON BECOMES AWARE OF A PROPOSED COVERED TRANSACTION, HE OR SHE HAS A DUTY TO TAKE THE FOLLOWING ACTIONS: (A) IMMEDIATELY DISCLOSE THE EXISTENCE AND CIRCUMSTANCES OF SUCH COVERED TRANSACTION IN WRITING, EITHER TO THE CORPORATION'S BOARD OF DIRECTORS (THE "BOARD") OR ANY AUTHORIZED COMMITTEE THEREOF; (B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE CORPORATION TO ENTER INTO THE COVERED TRANSACTION; AND (C) PHYSICALLY EXCUSE HIMSELF OR HERSELF FROM PARTICIPATION IN ANY DISCUSSIONS REGARDING THE COVERED TRANSACTION WITH DIRECTORS, OFFICERS, AND EMPLOYEES OF THE CORPORATION AND AT MEETINGS OF THE BOARD OR AUTHORIZED COMMITTEE THEREOF, EXCEPT TO RESPOND TO REQUESTS FOR INFORMATION ABOUT THE COVERED TRANSACTION. IN ORDER TO ASSIST THE CORPORATION IN IDENTIFYING POTENTIAL COVERED TRANSACTIONS, EACH COVERED PERSON IS REQUIRED TO ANNUALLY COMPLETE A DISCLOSURE STATEMENT, AND TO UPDATE SUCH STATEMENT AS NECESSARY TO REFLECT CHANGES DURING THE COURSE OF THE YEAR. COMPLETED DISCLOSURE STATEMENTS ARE AVAILABLE FOR INSPECTION BY ANY MEMBER OF THE BOARD AND MAY BE REVIEWED BY THE CORPORATION'S LEGAL COUNSEL. THE BOARD IS RESPONSIBLE FOR THE FOLLOWING: (A) REVIEWING DISCLOSURE STATEMENTS OR REPORTS REGARDING SAME; (B) RECEIVING DISCLOSURES OF PROPOSED COVERED TRANSACTIONS; (C) REVIEWING PROPOSED COVERED TRANSACTIONS TO DETERMINE WHETHER THEY MEET THE STANDARD FOR APPROVAL OF COVERED TRANSACTIONS; AND (D) KEEPING, OR CAUSING TO BE KEPT, MINUTES AND SUCH OTHER DOCUMENTATION AS MAY BE NECESSARY AND APPROPRIATE TO DOCUMENT THE REVIEW OF COVERED TRANSACTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G EDITORS: PROGRAM SERVICE EXPENSES 245,356. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 245,356. GRAPHICS & WEB DESIGN: PROGRAM SERVICE EXPENSES 15,975. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,975. PRODUCERS: PROGRAM SERVICE EXPENSES 61,944. MANAGEMENT AND GENERAL EXPENSES 41,984. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 103,928. AUDIENCE ENGAGEMENT: PROGRAM SERVICE EXPENSES 31,430. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,430. BUSINESS MANAGEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 54,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 54,000. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 40,931. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 32,410. TOTAL EXPENSES 73,341.