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Nonprofiteer
← RACING MAGPIE

Form 990 for tax year 2022

Filed by RACING MAGPIE.

Totals

Total revenue
$224,542
Total expenses
$309,485
Contributions and grants received
$183,588
Grants paid
$0
Program service revenue
$15,393
Investment income
$0
Other revenue
$25,561
Total assets, end of year
$1,766,143
Total liabilities, end of year
$1,658,193
Net assets or fund balances, end of year
$107,950
Program services expenses (Part IX)
$252,437
Management and general expenses
$46,852
Fundraising expenses
$10,196
Program service expenses (Part III)
$252,437

Program services were 81.6% 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)

    $101,500

  • 1f · All other contributions, gifts and grants

    $82,088

  • 2a · Program service revenue: EARNED REVENUES

    total $15,393 · related or exempt $15,393

  • 11a · Other revenue: OTHER REVENUE

    total $25,561 · related or exempt $25,561

  • 11e · Other revenue, total

    $25,561

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $125,041 · program services $93,722 · management and general $25,071 · fundraising $6,248

  • 9 · Other employee benefits

    total $19,991 · program services $14,993 · management and general $3,998 · fundraising $1,000

  • 10 · Payroll taxes

    total $9,441 · program services $7,081 · management and general $1,888 · fundraising $472

  • 11g · Fees: other

    total $26,247 · program services $22,700 · management and general $2,347 · fundraising $1,200

  • 12 · Advertising and promotion

    total $873 · program services $652 · management and general $221

  • 13 · Office expenses

    total $881 · program services $454 · management and general $427

  • 14 · Information technology

    total $3,067 · program services $1,930 · management and general $1,137

  • 16 · Occupancy

    total $18,443 · program services $10,628 · management and general $7,815

  • 17 · Travel

    total $12,933 · program services $12,933

  • 20 · Interest

    total $20,005 · program services $20,005

  • 22 · Depreciation, depletion and amortization

    total $10,089 · program services $7,567 · management and general $2,018 · fundraising $504

  • 23 · Insurance

    total $7,749 · program services $5,812 · management and general $1,550 · fundraising $387

  • 24a · Other expenses: PASS-THROUGH FUNDING

    total $45,000 · program services $45,000

  • 24b · Other expenses: OTHER GENERAL OPERATING

    total $5,463 · program services $5,152 · management and general $311

  • 24c · Other expenses: SUPPLIES

    total $4,262 · program services $3,808 · management and general $69 · fundraising $385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $396,995 · end of year $1,336,719

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

    $446,447

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

    $17,023

  • 10c · Land, buildings and equipment, net

    beginning of year $439,512 · end of year $429,424

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,540 · end of year $10,476

  • 23 · Secured mortgages and notes payable

    beginning of year $381,908 · end of year $412,450

  • 25 · Other liabilities

    beginning of year $260,167 · end of year $1,235,267

  • 27 · Net assets without donor restrictions

    beginning of year $188,892 · end of year $107,950

  • 28 · Net assets with donor restrictions

    beginning of year $4,000

Mission and programs · 2022

Mission

TO ELEVATE AND AMPLIFY NATIVE AND OTHER ARTISTS AND THEIR COMMUNITIES THROUGH EDUCATION, CULTURAL, AND RESEARCH PROGRAMS.

  • TO ELEVATE AND AMPLIFY NATIVE AND OTHER ARTISTS AND THEIR COMMUNITIES THROUGH EDUCATION, CULTURAL, AND RESEARCH PROGRAMS.

    Expenses $252,437 · Revenue $15,393

As filed on the 2022 return.

Listed in Part VII

  • Molina Parker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Wade Patton

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Linda Anderson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Peter Strong

    DIRECTOR

    Total calculated
    $68,727
    From this org
    $68,727
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mary Bordeaux

    CREATIVE DIR

    Total calculated
    $14,538
    From this org
    $14,538
    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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349328289

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