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Nonprofiteer
← WILLIAM BONIFAS FINE ARTS CENTER INC

Form 990 for tax year 2022

Filed by WILLIAM BONIFAS FINE ARTS CENTER INC.

Totals

Total revenue
$296,818
Total expenses
$366,541
Contributions and grants received
$151,120
Grants paid
$0
Program service revenue
$65,149
Investment income
$50,944
Other revenue
$29,605
Total assets, end of year
$2,203,775
Total liabilities, end of year
$48,514
Net assets or fund balances, end of year
$2,155,261
Program services expenses (Part IX)
$250,774
Management and general expenses
$83,268
Fundraising expenses
$32,499
Program service expenses (Part III)
$250,774

Program services were 68.4% 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.

  • 1c · Fundraising events

    $20,131

  • 1e · Government grants (contributions)

    $29,965

  • 1f · All other contributions, gifts and grants

    $101,024

  • 1g · Noncash contributions included above

    $20,204

  • 2a · Program service revenue: WORKSHOPS & CLASSES

    total $54,053 · related or exempt $54,053

  • 2b · Program service revenue: GALLERY SHOWS

    total $8,410 · related or exempt $8,410

  • 2c · Program service revenue: CONCERTS/PERFORM ADMISSION

    total $2,686 · related or exempt $2,686

  • 3 · Investment income

    total $41,817 · excluded $41,817

  • 6a · Gross rents

    real property $23,431

  • 6c · Rental income or loss

    real property $23,431

  • 6d · Net rental income or loss

    total $23,431 · related or exempt $23,431

  • 7a · Gross sales of assets other than inventory

    securities $143,652

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

    securities $134,525

  • 7c · Gain or loss

    securities $9,127

  • 7d · Net gain or loss

    total $9,127 · related or exempt $9,127

  • 8a · Fundraising events: gross income

    $29,493

  • 8a · Fundraising events: contributions included on line 1c

    $20,131

  • 8b · Fundraising events: direct expenses

    $30,362

  • 8c · Net income from fundraising events

    total -$869 · excluded -$869

  • 9a · Gaming: gross income

    $11,367

  • 9b · Gaming: direct expenses

    $8,859

  • 9c · Net income from gaming

    total $2,508 · excluded $2,508

  • 10a · Gross sales of inventory

    $16,468

  • 10b · Cost of goods sold

    $11,933

  • 10c · Net income from sales of inventory

    total $4,535 · excluded $4,535

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $179,630 · program services $95,919 · management and general $54,763 · fundraising $28,948

  • 9 · Other employee benefits

    total $14,772 · program services $4,733 · management and general $8,778 · fundraising $1,261

  • 10 · Payroll taxes

    total $14,209 · program services $7,587 · management and general $4,332 · fundraising $2,290

  • 11c · Fees: accounting

    total $6,900 · management and general $6,900

  • 12 · Advertising and promotion

    total $25,922 · program services $24,929 · management and general $993

  • 13 · Office expenses

    total $12,189 · program services $12,189

  • 16 · Occupancy

    total $34,835 · program services $34,835

  • 22 · Depreciation, depletion and amortization

    total $21,211 · program services $19,514 · management and general $1,697

  • 23 · Insurance

    total $9,840 · program services $9,840

  • 24a · Other expenses: EDUCATION - COST OF CLASS

    total $21,477 · program services $21,477

  • 24b · Other expenses: PERFORMING ARTS

    total $11,154 · program services $11,154

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $5,805 · management and general $5,805

  • 24d · Other expenses: GALLERY EXHIBITS

    total $5,230 · program services $5,230

  • 24e · All other expenses

    total $3,367 · program services $3,367

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $214,779 · end of year $235,789

  • 3 · Pledges and grants receivable

    beginning of year $3,450 · end of year $3,375

  • 4 · Accounts receivable

    beginning of year $248 · end of year $510

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,364 · end of year $2,907

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

    $1,277,987

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

    $1,071,221

  • 10c · Land, buildings and equipment, net

    beginning of year $227,977 · end of year $206,766

  • 11 · Investments: publicly traded securities

    beginning of year $1,727,343 · end of year $1,754,428

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,059 · end of year $13,904

  • 19 · Deferred revenue

    beginning of year $29,845 · end of year $34,610

  • 27 · Net assets without donor restrictions

    beginning of year $868,753 · end of year $878,851

  • 28 · Net assets with donor restrictions

    beginning of year $1,263,504 · end of year $1,276,410

Mission and programs · 2022

Mission

FOUNDED IN 1974, THE WILLIAM BONIFAS FINE ARTS CENTER IS A COMPREHENSIVE ARTS ORGANIZATION. WITH A COMMITMENT TO EXCELLENCE TO ITS EXHIBITS, EDUCATION, PERFORMANCES, FACILITIES, EVENTS AND OTHER ACTIVITIES, THE CENTER EXISTS TO ENHANCE AND INSPIRE THE CULTURAL AND CREATIVE LIVES OF THE PEOPLE IN THE CENTRAL UPPER PENINSULA. (FEBRUARY 25, 2013)

  • MAINTAIN ARTS CENTER BUILDING

    Expenses $44,675

  • PROVIDE DELTA COUNTY WITH CULTURAL EVENTS FOR PEOPLE OF ALL AGES. PROVIDE A CENTER TO HOLD EVENTS AND TO EXHIBIT AN ART GALLERY.

    Expenses $206,099 · Revenue $65,149

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Borowski

    SECRETARY

    Total calculated
    $0

  • Tom Englund

    DIRECTOR

    Total calculated
    $0

  • Brian Pahnke

    DIRECTOR

    Total calculated
    $0

  • Al Hansen

    PRESIDENT

    Total calculated
    $0

  • Beth Noreus

    VICE PRESIDE

    Total calculated
    $0

  • Victoria Radke

    DIRECTOR

    Total calculated
    $0

  • Debbie Skerbeck

    TREASURER

    Total calculated
    $0

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202441319349301319

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