Totals
- Total revenue
- $18,951,345
- Total expenses
- $921,029
- Contributions and grants received
- $18,524,801
- Grants paid
- $0
- Program service revenue
- $206,345
- Investment income
- $220,199
- Other revenue
- $0
- Total assets, end of year
- $3,575,668
- Total liabilities, end of year
- $1,474,730
- Net assets or fund balances, end of year
- $2,100,938
- Program services expenses (Part IX)
- $701,825
- Management and general expenses
- $180,304
- Fundraising expenses
- $38,900
- Program service expenses (Part III)
- $701,825
Program services were 76.2% 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.
-
1b · Membership dues
$9,815
-
1e · Government grants (contributions)
$14,625
-
1f · All other contributions, gifts and grants
$18,500,361
-
2a · Program service revenue: OPERA ADMISSION
total $107,634 · related or exempt $107,634
-
2b · Program service revenue: OPERA TUITION
total $78,700 · related or exempt $78,700
-
2c · Program service revenue: ADVERTISING INCOME
total $15,295 · related or exempt $15,295
-
2d · Program service revenue: AUDITION FEES
total $4,716 · related or exempt $4,716
-
3 · Investment income
total $169,207 · related or exempt $169,207
-
7a · Gross sales of assets other than inventory
securities $14,559,510 · other assets $60,397
-
7b · Less cost or other basis and sales expenses
securities $14,559,528 · other assets $9,387
-
7c · Gain or loss
securities -$18 · other assets $51,010
-
7d · Net gain or loss
total $50,992 · related or exempt -$9,405 · excluded $60,397
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $63,550 · program services $44,485 · management and general $12,710 · fundraising $6,355
-
7 · Other salaries and wages
total $100,995 · program services $70,696 · management and general $20,199 · fundraising $10,100
-
10 · Payroll taxes
total $12,525 · program services $8,767 · management and general $2,505 · fundraising $1,253
-
11g · Fees: other
total $203,283 · program services $186,056 · management and general $13,782 · fundraising $3,445
-
12 · Advertising and promotion
total $21,409 · program services $14,986 · management and general $4,282 · fundraising $2,141
-
13 · Office expenses
total $74,652 · program services $52,257 · management and general $14,930 · fundraising $7,465
-
16 · Occupancy
total $87,658 · program services $32,705 · management and general $51,042 · fundraising $3,911
-
17 · Travel
total $4,848 · program services $2,909 · management and general $1,454 · fundraising $485
-
22 · Depreciation, depletion and amortization
total $87,868 · program services $61,508 · management and general $26,360
-
23 · Insurance
total $31,124 · program services $21,787 · management and general $9,337
-
24a · Other expenses: KITCHEN
total $118,613 · program services $106,752 · management and general $11,861
-
24b · Other expenses: PERFORMANCE EXPENSE
total $30,582 · program services $30,582
-
24c · Other expenses: OTHER
total $20,510 · program services $14,357 · management and general $4,102 · fundraising $2,051
-
24d · Other expenses: EDUCATIONAL MATERIALS
total $18,203 · program services $18,203
-
24e · All other expenses
total $45,209 · program services $35,775 · management and general $7,740 · fundraising $1,694
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $235,414 · end of year $19,596
-
4 · Accounts receivable
end of year $261
-
8 · Inventories for sale or use
beginning of year $2,718 · end of year $2,781
-
9 · Prepaid expenses and deferred charges
beginning of year $6,120 · end of year $6,225
-
10a · Land, buildings and equipment: cost or other basis
$156,591
-
10b · Land, buildings and equipment: accumulated depreciation
$110,079
-
10c · Land, buildings and equipment, net
beginning of year $515,805 · end of year $46,512
-
11 · Investments: publicly traded securities
beginning of year $453,778 · end of year $510,253
-
12 · Investments: other securities
beginning of year $6,062,132 · end of year $2,990,040
-
15 · Other assets
beginning of year $11,935,623
-
17 · Accounts payable and accrued expenses
beginning of year $2,186,041 · end of year $1,474,730
-
27 · Net assets without donor restrictions
beginning of year $13,775,097 · end of year $1,509,725
-
28 · Net assets with donor restrictions
beginning of year $3,250,452 · end of year $591,213
Mission and programs · 2023
Mission
THE ORGANIZATION'S MISSION IS TO PROVIDE A REGIONAL CENTER FOR LIFELONG LEARNING IN MUSIC, INCLUDING VOCAL, INSTRUMENTAL, AND ORCHESTRAL, WITH EXTENSIVE TRAINING FOR THE PERFORMANCE STAGE.
-
THE ORGANIZATION'S MISSION IS TO PROVIDE A REGIONAL CENTER FOR LIFELONG LEARNING IN MUSIC, INCLUDING VOCAL, INSTRUMENTAL, AND ORCHESTRAL, WITH EXTENSIVE TRAINING FOR THE PERFORMANCE STAGE.
Expenses $701,825
As filed on the 2023 return.
Listed in Part VII
-
Nancy J PreisNANCY J PREIS
GENERAL DIRE
- Total calculated
- $63,550
- From this org
- $63,550
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Gary ArdesGARY ARDES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lois ArmorLOIS ARMOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alice ConwayALICE CONWAY
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Don DagenaisDON DAGENAIS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Richard DrapeauRICHARD DRAPEAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lorraine ErnestLORRAINE ERNEST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brenda FordBRENDA FORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Maggie GarrettDR MAGGIE GARRETT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Dr J Edwin HensonDR J EDWIN HENSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Carla JohnsonCARLA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Raquel KingRAQUEL KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carole LangleyCAROLE LANGLEY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Duane LangleyDUANE LANGLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lynn McNewLYNN MCNEW
CORRESPONDIN
- Total calculated
- $0
- Hours/week
- 1
-
Jean MoffattJEAN MOFFATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Janet ParschJANET PARSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judy RownakJUDY ROWNAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Debra RueDEBRA RUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Janis SaketJANIS SAKET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judith ShawJUDITH SHAW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve ShogrenSTEVE SHOGREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim SwiggartJIM SWIGGART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joan WellsJOAN WELLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathie WhiteKATHIE WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill YickBILL YICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
-
INSPIRATION POINT CENTER FOR THE ARTS INC
501C3 · OPERA · AR
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
INSPIRATION POINT CENTER FOR THE ARTS INC
$33,220,165
Disposition · TRANSFER OF ASSETS · Sep 30, 2024 · 501(C)(3)
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501359349314560
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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