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← BUSINESS CONSORTIUM FOR ARTS SUPP

Form 990 for tax year 2023

Filed by BUSINESS CONSORTIUM FOR ARTS SUPP.

Totals

Total revenue
$753,353
Total expenses
$778,518
Contributions and grants received
$753,272
Grants paid
$668,201
Program service revenue
$0
Investment income
$81
Other revenue
$0
Total assets, end of year
$87,578
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$87,578
Program services expenses (Part IX)
$696,687
Management and general expenses
$42,733
Fundraising expenses
$39,098
Program service expenses (Part III)
$696,687

Program services were 89.5% 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

    $753,272

  • 3 · Investment income

    total $81 · excluded $81

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $668,201 · program services $668,201

  • 5 · Compensation of officers, directors and key employees

    total $83,000 · program services $24,900 · management and general $24,900 · fundraising $33,200

  • 10 · Payroll taxes

    total $5,737 · program services $1,721 · management and general $1,721 · fundraising $2,295

  • 11b · Fees: legal

    total $275 · management and general $275

  • 11c · Fees: accounting

    total $6,400 · management and general $6,400

  • 11g · Fees: other

    total $1,293 · program services $388 · management and general $388 · fundraising $517

  • 13 · Office expenses

    total $511 · management and general $511

  • 14 · Information technology

    total $347 · management and general $347

  • 16 · Occupancy

    total $4,486 · program services $1,346 · management and general $1,346 · fundraising $1,794

  • 19 · Conferences, conventions and meetings

    total $86 · management and general $86

  • 22 · Depreciation, depletion and amortization

    total $436 · program services $131 · management and general $131 · fundraising $174

  • 24a · Other expenses: OTHER

    total $5,226 · management and general $5,226

  • 24b · Other expenses: PUBLIC RELATIONS

    total $2,235 · management and general $1,117 · fundraising $1,118

  • 24c · Other expenses: DUES

    total $285 · management and general $285

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $112,054 · end of year $87,325

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

    $2,179

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

    $1,926

  • 10c · Land, buildings and equipment, net

    beginning of year $689 · end of year $253

  • 27 · Net assets without donor restrictions

    beginning of year $103,483 · end of year $73,394

  • 28 · Net assets with donor restrictions

    beginning of year $9,260 · end of year $14,184

Mission and programs · 2023

Mission

TO STRENGTHEN MAJOR BUSINESS AND FOUNDATION SUPPORT FOR ARTS AND CULTURAL ORGANIZATIONS OF SOUTH HAMPTON ROADS.

  • GRANTS TO CHARITABLE ORGANIZATIONS WHICH SUPPORT THE ARTS OR PROVIDE CULTURAL EXPERIENCES TO THE COMMUNITY.

    Expenses $696,687 · Grants $668,201

As filed on the 2023 return.

Listed in Part VII

  • PETER HUBER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KAREN BRADLEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT MCCLUNEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LISA D WIGGINTON

    VICE PRESIDENT/EXECUTIVE D

    Total calculated
    $75,000
    From this org
    $75,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MICHAEL FOWLER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID KAMER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHANE SMITH

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WALKER PHILLIPS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • TOM RETNAUER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LEWIS W WEBB III

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EVA FERNANDEZ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHNNY JIMENEZ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEENEN KEEGAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIM MCMILLAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CAROLYN PHILLIPS

    MEMBER

    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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202413139349303021

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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