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← CANTINAS FOUNDATION

Form 990 for tax year 2024

Filed by CANTINAS FOUNDATION.

Totals

Total revenue
$1,644,824
Total expenses
$5,330,491
Contributions and grants received
$610,000
Grants paid
$5,075,000
Program service revenue
$0
Investment income
$1,034,824
Other revenue
$0
Total assets, end of year
$16,375,059
Total liabilities, end of year
$49
Net assets or fund balances, end of year
$16,375,010
Program services expenses (Part IX)
$5,075,000
Management and general expenses
$255,491
Fundraising expenses
$0
Program service expenses (Part III)
$5,075,000

Program services were 95.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $610,000

  • 3 · Investment income

    total $208,340 · excluded $208,340

  • 7a · Gross sales of assets other than inventory

    securities $13,099,764

  • 7b · Less cost or other basis and sales expenses

    securities $12,273,280

  • 7c · Gain or loss

    securities $826,484

  • 7d · Net gain or loss

    total $826,484 · excluded $826,484

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,075,000 · program services $5,075,000

  • 7 · Other salaries and wages

    total $37,685 · management and general $37,685

  • 10 · Payroll taxes

    total $3,292 · management and general $3,292

  • 11b · Fees: legal

    total $19,721 · management and general $19,721

  • 11c · Fees: accounting

    total $28,039 · management and general $28,039

  • 11g · Fees: other

    total $34,480 · management and general $34,480

  • 12 · Advertising and promotion

    total $18,795 · management and general $18,795

  • 13 · Office expenses

    total $5,672 · management and general $5,672

  • 16 · Occupancy

    total $85,958 · management and general $85,958

  • 17 · Travel

    total $4,183 · management and general $4,183

  • 23 · Insurance

    total $7,130 · management and general $7,130

  • 24a · Other expenses: REPAIR & MAINTENANCE

    total $10,536 · management and general $10,536

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $159,224 · end of year $122,512

  • 10a · Land, buildings and equipment: cost or other basis

    $13,817,939

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,000

  • 10c · Land, buildings and equipment, net

    beginning of year $13,802,939 · end of year $13,802,939

  • 11 · Investments: publicly traded securities

    beginning of year $6,583,344 · end of year $2,449,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $49 · end of year $49

  • 27 · Net assets without donor restrictions

    beginning of year $20,545,458 · end of year $16,375,010

Mission and programs · 2024

Mission

CANTINAS ARTS FOUNDATION IS DEDICATED TO PROMOTING CHRISTIAN ARTS WHICH GLORIFY GOD TODAY, YESTERDAY, AND FOREVER. WE PARTNER AND SUPPORT INSPIRATIONAL LEADERS AND ORGANIZATIONS BY BRINGING CREATIVE PROJECTS TO LIFE.

Activities or mission (Part I)

PROVIDE OPPORTUNITIES FOR ARTISTS AND PARTNER WITH OTHER MINISTRIES TO SHARE THEIR TALENTS

  • CANTINAS FOUNDATION DISCONTINUED THE MAJORITY OF ITS PROGRAM ACTIVITIES IN MAY 2021. DURING 2024, THE FOUNDATION MADE A SPONSORSHIP GRANT IN THE AMOUNT OF $5,075,000 TO THE GOSPEL MUSIC ASSOCIATION. MOVING FORWARD, CANTINAS FOUNDATION INTENDS TO DO PROJECTS WITH NEW AND UPCOMING ARTISTS TO SHARE ON SOCIAL MEDIA AND CONTINUE TO SPONSOR THE DOVE AWARDS NEW ARTISTS OF THE YEAR AWARD.

    Expenses $5,075,000 · Grants $5,075,000

As filed on the 2024 return.

Listed in Part VII

  • Wendy M Hughes

    PRESIDENT/EXEC. DIRECTOR/C

    Total calculated
    $0
    Hours/week
    10

  • Deborah Flora

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kylie Hughes

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Douglas Burdge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chad Hayes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jason Sobel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
9 May 2025
IRS schema version
2024v5.1
Source object
202501299349304275

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