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Nonprofiteer
← TRYON FINE ARTS CENTER INC

Form 990 for tax year 2022

Filed by TRYON FINE ARTS CENTER INC.

Totals

Total revenue
$828,839
Total expenses
$804,822
Contributions and grants received
$451,074
Grants paid
$19,403
Program service revenue
$148,167
Investment income
$151,744
Other revenue
$77,854
Total assets, end of year
$7,853,415
Total liabilities, end of year
$2,360
Net assets or fund balances, end of year
$7,851,055
Program services expenses (Part IX)
$425,199
Management and general expenses
$379,623
Fundraising expenses
$0
Program service expenses (Part III)
$425,199

Program services were 52.8% 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

    $147,340

  • 1e · Government grants (contributions)

    $252,423

  • 1f · All other contributions, gifts and grants

    $51,311

  • 2a · Program service revenue: TICKET SALES

    total $95,995 · related or exempt $95,995

  • 2b · Program service revenue: TUITION AND REGISTRATION

    total $52,172 · related or exempt $52,172

  • 3 · Investment income

    total $128,054 · excluded $128,054

  • 6a · Gross rents

    real property $104,691

  • 6b · Less rental expenses

    real property $26,837

  • 6c · Rental income or loss

    real property $77,854

  • 6d · Net rental income or loss

    total $77,854 · related or exempt $77,854

  • 7a · Gross sales of assets other than inventory

    securities $184,721

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

    securities $161,031

  • 7c · Gain or loss

    securities $23,690

  • 7d · Net gain or loss

    total $23,690 · related or exempt $23,690

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

    $147,340

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,403 · program services $19,403

  • 7 · Other salaries and wages

    total $181,162 · management and general $181,162

  • 10 · Payroll taxes

    total $13,849 · management and general $13,849

  • 11c · Fees: accounting

    total $48,238 · management and general $48,238

  • 11f · Fees: investment management

    total $25,979 · management and general $25,979

  • 11g · Fees: other

    total $5,021 · program services $5,021

  • 12 · Advertising and promotion

    total $15,490 · program services $15,490

  • 13 · Office expenses

    total $41,530 · management and general $41,530

  • 22 · Depreciation, depletion and amortization

    total $117,786 · program services $117,786

  • 23 · Insurance

    total $22,728 · program services $22,728

  • 24a · Other expenses: PROGRAMS

    total $244,771 · program services $244,771

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $50,583 · management and general $50,583

  • 24c · Other expenses: UTILITIES

    total $18,282 · management and general $18,282

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $217,909 · end of year $289,624

  • 3 · Pledges and grants receivable

    beginning of year $2,804 · end of year $4,515

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

    $4,505,390

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

    $1,559,882

  • 10c · Land, buildings and equipment, net

    beginning of year $3,024,574 · end of year $2,945,508

  • 11 · Investments: publicly traded securities

    beginning of year $4,133,720 · end of year $4,515,726

  • 12 · Investments: other securities

    beginning of year $98,042 · end of year $98,042

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,029 · end of year $1,696

  • 25 · Other liabilities

    beginning of year $8,063 · end of year $664

  • 27 · Net assets without donor restrictions

    beginning of year $7,309,097 · end of year $7,701,661

  • 28 · Net assets with donor restrictions

    beginning of year $148,860 · end of year $149,394

Mission and programs · 2022

Mission

CULTURAL EDUCATION AND ADVANCEMENT.

  • TRYON FINE ARTS CENTER PROVIDES AND FOSTERS CULTURAL ACTIVITIES IN THE COMMUNITY. EVENTS ARE SPONSORED AND PROGRAMS ARE PROVIDED TO TRYON, NC AND THE SURROUNDING COMMUNITIES.

    Expenses $265,282 · Revenue $148,167

  • TRYON FINE ARTS CENTER PROVIDES AND FOSTERS CULTURAL ACTIVITIES IN THE COMMUNITY. EVENTS ARE SPONSORED AND PROGRAMS ARE PROVIDED TO TRYON, NC AND THE SURROUNDING COMMUNITIES.

    Expenses $159,917 · Grants $19,403

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

Listed in Part VII

  • Tara Brannon

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1
  • Melvin Cox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Frances Flynn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Linda Haynes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Scott Lane

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1
  • Digit Laughridge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jessica Pierce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cindy Riddle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Monica Stevenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gwen Suesse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ron Pankey

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Robert Penfold

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • Scott Pleune

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Matthew Pohsweg

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    5
  • Sue Truitt

    VICE PRESIDE

    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

  • OTHER GRANTS

    $11,584

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202401349349304640

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