Form 990 for tax year 2022
Filed by ARTS OF SOUTHERN KENTUCKY FOUNDATION INC.
Totals
- Total revenue
- $626,074
- Total expenses
- $54,863
- Contributions and grants received
- $530,200
- Grants paid
- $40,000
- Program service revenue
- $0
- Investment income
- $95,874
- Other revenue
- $0
- Total assets, end of year
- $4,068,346
- Total liabilities, end of year
- $2,630,725
- Net assets or fund balances, end of year
- $1,437,621
- Program services expenses (Part IX)
- $54,863
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $54,863
Program services were 100.0% 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
$530,200
-
3 · Investment income
total $95,874 · excluded $95,874
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $40,000 · program services $40,000
-
11c · Fees: accounting
total $1,250 · program services $1,250
-
11f · Fees: investment management
total $13,578 · program services $13,578
-
13 · Office expenses
total $35 · program services $35
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $866,410 · end of year $37,025
-
12 · Investments: other securities
end of year $4,031,321
-
17 · Accounts payable and accrued expenses
end of year $999
-
25 · Other liabilities
end of year $2,629,726
-
27 · Net assets without donor restrictions
end of year $1,074,088
-
28 · Net assets with donor restrictions
beginning of year $866,410 · end of year $363,533
Mission and programs · 2022
Mission
THE FOUNDATION WAS FORMED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE CODE OR THE CORRESPONDING PROVISIONS OF ANY FUTURE TAX CODE OR LAWS. THE FOUNDATION IS A SUPPORTING CORPORATION OF ARTS OF SOUTHERN KENTUCKY, INC.
Activities or mission (Part I)
THE FOUNDATION IS A SUPPORTING CORPORATION OF ARTS OF SOUTHERN KENTUCKY, INC.
-
THE FOUNDATION IS A SUPPORTING CORPORATION OF ARTS OF SOUTHERN KENTUCKY, INC.
Expenses $54,863 · Grants $40,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tom BoussardTOM BOUSSARD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Barbie TatmanBARBIE TATMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Julie WedgeJULIE WEDGE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Gary BroadyGARY BROADY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mandy HicksMANDY HICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lora PattonLORA PATTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rick WilsonRICK WILSON
DIRECTOR
- 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
-
$40,000
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 27 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202440169349302919
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