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Nonprofiteer
← STOVE WORKS FOUNDATION

Form 990 for tax year 2023

Filed by STOVE WORKS FOUNDATION.

Totals

Total revenue
$4,807,578
Total expenses
$1,328
Contributions and grants received
$4,804,648
Grants paid
$0
Program service revenue
$0
Investment income
$2,930
Other revenue
$0
Total assets, end of year
$5,156,250
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,156,250
Program services expenses (Part IX)
$0
Management and general expenses
$1,328
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $4,804,648

  • 1g · Noncash contributions included above

    $4,803,320

  • 3 · Investment income

    total $2,930 · excluded $2,930

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: UTILITIES

    total $1,155 · management and general $1,155

  • 24b · Other expenses: BANK FEES

    total $163 · management and general $163

  • 24c · Other expenses: CORPORATE FEES

    total $10 · management and general $10

Balance sheet

Part X, book values.

  • 7 · Other notes and loans receivable

    beginning of year $350,000 · end of year $0

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

    $5,156,250

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $5,156,250

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $350,000 · end of year $5,156,250

Mission and programs · 2023

Mission

TO SERVE THE CHATTANOOGA COMMUNITY BY SUPPORTING STOVE WORKS, A TAX-EXEMPT ORGANIZATION, IN ITS MISSION OF PROVIDING ARTISTS A VENUE FOR THE PRODUCTION AND EXHIBITION OF CONTEMPORARY WORKS OF ART.

  • TO SUPPORT STOVE WORKS IN PROVIDING SPACE AND SUPPORTING SERVICES FOR EXHIBITIONS OF CONTEMPORARY ART OPEN TO THE PUBLIC WHERE WORKS OF PROMISING ARTISTS ARE DISPLAYED.

  • TO SUPPORT STOVE WORKS IN SPONSORING EDUCATIONAL ACTIVITIES REGARDING CONTEMPORARY ART.

  • TO SUPPORT STOVE WORKS IN OPERATING AN ARTIST RESIDENCY PROGRAM WHERE LIVING AND STUDIO SPACES ARE PROVIDED.

As filed on the 2023 return.

Listed in Part VII

  • Charlotte Caldwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Wesley Aull

    DIRECTOR & PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • John Paul Hennessey

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Katherine Currin

    DIRECTOR & TREASURER

    Total calculated
    $0
    Hours/week
    0.25

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • STOVE WORKS

    501(C)(3) · PROVIDING SUPPORT TO LOCAL ARTISTS · TN

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MMTWO LLC

    ENTITY DISSOLVED AT 06/30/2023 · TN · income $0 · assets $0

    Directly controlled by STOVE WORKS

Provenance

Return type
form_990
Tax year
2023
Filed
12 September 2024
IRS schema version
2023v5.1
Source object
202412589349300811

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