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Nonprofiteer
← GRAND CENTER FOR ARTS & CULTURE INC

Form 990 for tax year 2022

Filed by GRAND CENTER FOR ARTS & CULTURE INC.

Totals

Total revenue
$293,847
Total expenses
$440,846
Contributions and grants received
$142,326
Grants paid
$0
Program service revenue
$29,906
Investment income
$80,383
Other revenue
$41,232
Total assets, end of year
$5,260,143
Total liabilities, end of year
$15,543
Net assets or fund balances, end of year
$5,244,600
Program services expenses (Part IX)
$296,333
Management and general expenses
$120,198
Fundraising expenses
$24,315
Program service expenses (Part III)
$296,333

Program services were 67.2% 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.

  • 1e · Government grants (contributions)

    $1,800

  • 1f · All other contributions, gifts and grants

    $140,526

  • 2a · Program service revenue: ARTIST PROGRAMMING INC

    total $15,127 · related or exempt $15,127

  • 2b · Program service revenue: RESTAURANT SALES

    total $14,779 · related or exempt $14,779

  • 3 · Investment income

    total $57,553 · excluded $57,553

  • 6a · Gross rents

    real property $25,949

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $25,949

  • 6d · Net rental income or loss

    total $25,949 · excluded $25,949

  • 7a · Gross sales of assets other than inventory

    securities $22,830

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

    securities $0

  • 7c · Gain or loss

    securities $22,830

  • 7d · Net gain or loss

    total $22,830 · excluded $22,830

  • 8a · Fundraising events: gross income

    $5,560

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $5,560 · excluded $5,560

  • 11a · Other revenue: MISC INCOME

    total $4,879 · excluded $4,879

  • 11b · Other revenue: GIFT SHOP

    total $4,844 · excluded $4,844

  • 11e · Other revenue, total

    $9,723

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $54,000 · program services $41,580 · management and general $9,180 · fundraising $3,240

  • 7 · Other salaries and wages

    total $51,833 · program services $25,735 · management and general $9,946 · fundraising $16,152

  • 9 · Other employee benefits

    total $4,733 · program services $3,143 · management and general $1,590

  • 10 · Payroll taxes

    total $12,217 · program services $8,112 · management and general $4,105

  • 11b · Fees: legal

    total $30,491 · management and general $30,491

  • 11c · Fees: accounting

    total $16,233 · management and general $16,233

  • 11f · Fees: investment management

    total $21,017 · management and general $21,017

  • 12 · Advertising and promotion

    total $7,010 · management and general $7,010

  • 13 · Office expenses

    total $11,317 · program services $8,498 · management and general $2,412 · fundraising $407

  • 16 · Occupancy

    total $61,754 · program services $55,579 · management and general $6,175

  • 22 · Depreciation, depletion and amortization

    total $89,912 · program services $80,921 · management and general $8,991

  • 23 · Insurance

    total $9,355 · program services $8,541 · management and general $814

  • 24a · Other expenses: MUSICIANS/PERFORMANCES

    total $29,954 · program services $29,954

  • 24b · Other expenses: ARTSCAPE & GALLERY SHOW

    total $25,663 · program services $21,389 · fundraising $4,274

  • 24c · Other expenses: MISCELLANEOUS

    total $15,357 · program services $12,881 · management and general $2,234 · fundraising $242

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,694 · end of year $11,557

  • 2 · Savings and temporary cash investments

    beginning of year $69,563 · end of year $57,118

  • 3 · Pledges and grants receivable

    beginning of year $18,797 · end of year $17,382

  • 4 · Accounts receivable

    beginning of year $1,751 · end of year $4,479

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,973 · end of year $5,973

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

    $2,712,101

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

    $388,661

  • 10c · Land, buildings and equipment, net

    beginning of year $2,389,326 · end of year $2,323,440

  • 12 · Investments: other securities

    beginning of year $3,554,094 · end of year $2,840,194

  • 15 · Other assets

    beginning of year $185 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,737 · end of year $15,543

  • 27 · Net assets without donor restrictions

    beginning of year $6,012,174 · end of year $5,215,578

  • 28 · Net assets with donor restrictions

    beginning of year $27,472 · end of year $29,022

Mission and programs · 2022

Mission

TO ENRICH COMMUNITY LIFE THOUGH ARTS AND CULTURAL EDUCATION AND EXPERIENCES. TO SUPPORT LOCAL ARTISTS BY OFFERING THEM OPPORTUNITIES TO DEVELOP AND DEMONSTRATE THEIR ARTISTRY.

Activities or mission (Part I)

ENRICH COMMUNITY LIFE THOUGH ARTS, CULTURAL EDUCATION AND EXPERIENCES

  • THE ORGANIZATION SPONSORED MUSICIAN PERFORMANCES, ART GALLERY SHOWINGS AND CONTINUED ITS PROGRESS TO RESTORING THE HISTORIC BUILDING WHICH WILL CONTINUE TO HOUSE ITS OPERATIONS AND PROVIDE ADDITIONAL OPPORTUNITIES FOR FUTURE ARTISTS.

    Expenses $296,333 · Revenue $29,906

As filed on the 2022 return.

Listed in Part VII

  • Pam Stocco

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sharon Pieschel

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Craig Anderson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lori Dummer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jenny Haugen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Hoisington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Caitlin Lang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Schafer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Victoria Tambornino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Warmka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendi Ringhofer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charlie Leftridge

    EXECUTIVE DIRECTOR

    Total calculated
    $54,000
    From this org
    $54,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
3 November 2023
IRS schema version
2022v5.0
Source object
202303189349316575

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