Totals
- Total revenue
- $902,448
- Total expenses
- $685,433
- Contributions and grants received
- $880,397
- Grants paid
- $0
- Program service revenue
- $22,051
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $287,236
- Total liabilities, end of year
- $15,618
- Net assets or fund balances, end of year
- $271,618
- Program services expenses (Part IX)
- $524,683
- Management and general expenses
- $130,011
- Fundraising expenses
- $30,739
- Program service expenses (Part III)
- $524,683
Program services were 76.5% 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.
-
1e · Government grants (contributions)
$123,490
-
1f · All other contributions, gifts and grants
$756,907
-
1g · Noncash contributions included above
$23,148
-
2a · Program service revenue: EARNED INCOME
total $21,954 · related or exempt $21,954
-
2b · Program service revenue: RAMP CASH REWARDS
total $97 · related or exempt $97
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $198,268 · program services $178,431 · management and general $19,837
-
9 · Other employee benefits
total $25,298 · program services $22,767 · management and general $2,531
-
10 · Payroll taxes
total $18,284 · program services $16,455 · management and general $1,829
-
11b · Fees: legal
total $9,876 · management and general $9,876
-
11c · Fees: accounting
total $154,199 · program services $54,347 · management and general $73,298 · fundraising $26,554
-
12 · Advertising and promotion
total $1,498 · fundraising $1,498
-
13 · Office expenses
total $25,570 · program services $21,845 · management and general $3,725
-
16 · Occupancy
total $5,000 · program services $4,500 · management and general $500
-
17 · Travel
total $198,135 · program services $197,982 · management and general $153
-
23 · Insurance
total $1,614 · management and general $1,614
-
24a · Other expenses: EVENTS AND ACTIVITIES
total $25,048 · program services $25,048
-
24b · Other expenses: MISCELLANEOUS
total $20,773 · program services $3,308 · management and general $14,778 · fundraising $2,687
-
24c · Other expenses: BANK FEES
total $1,839 · management and general $1,839
-
24d · Other expenses: STATE FEES
total $31 · management and general $31
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,103 · end of year $78,484
-
3 · Pledges and grants receivable
beginning of year $50,000 · end of year $179,338
-
9 · Prepaid expenses and deferred charges
beginning of year $500 · end of year $29,414
-
17 · Accounts payable and accrued expenses
end of year $15,618
-
27 · Net assets without donor restrictions
beginning of year $54,603 · end of year $92,280
-
28 · Net assets with donor restrictions
end of year $179,338
Mission and programs · 2023
Mission
THE ORGANIZATION'S MISSION IS TO PROVIDE EDUCATION IN THE ARTS TO YOUNG ADULTS AND TO SUPPORT ARTISTS GENERALLY, PARTICULARLY THOSE FROM AN UNDERPRIVELEGED OR LOW-INCOME BACKGROUND OR WHO WOULD OTHERWISE FACE HARDSHIP OR BARRIERS TO ENTRY IN PURSUING ART AND ART EDUCATION OR IN ENTERING THE ART WORLD.
-
THE CONTEMPORARY ARTS FELLOWSHIP PROGRAM, THE FOUNDATION'S MAIN ACTIVITY, PROVIDES GOODS AND SERVICES TO INDIVIDUALS. THIS PROGRAM PROVIDES A FULL SCHOLARSHIP TO ALL OF ITS SUMMER FELLOWS AND INCLUDES ALL FEES FOR INSTRUCTION, LODGING, FOOD, SUPPLIES, AND TRAVEL. THE PROGRAM COVERS ALL OUT-OF-POCKET EXPENSES.
Expenses $524,683 · Revenue $22,051
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
BRIAN COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DEREK FORDJOUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
ISAAC FORDJOUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LIA FORDJOUR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
LAUREN KENNEDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
YASHUA KLOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ELLIOT PERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MANON SLOME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ED STANTON III
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTY GILMOUR
CSO
- Total calculated
- $52,810
- From this org
- $52,810
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
LISA OPOKU
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
LESLIE BOULDIN
CFO
- Total calculated
- $28,938
- From this org
- $28,938
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
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.
-
501(C)(3) · EDUCATION · TN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443069349300014
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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