Totals
- Total revenue
- $1,654,814
- Total expenses
- $1,248,738
- Contributions and grants received
- $1,741,180
- Grants paid
- $55,400
- Program service revenue
- $3,723
- Investment income
- -$22,424
- Other revenue
- -$67,665
- Total assets, end of year
- $1,329,179
- Total liabilities, end of year
- $743,748
- Net assets or fund balances, end of year
- $585,431
- Program services expenses (Part IX)
- $913,076
- Management and general expenses
- $119,674
- Fundraising expenses
- $215,988
- Program service expenses (Part III)
- $913,076
Program services were 73.1% 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.
-
1b · Membership dues
$74,489
-
1c · Fundraising events
$216,719
-
1e · Government grants (contributions)
$20,000
-
1f · All other contributions, gifts and grants
$1,429,972
-
2a · Program service revenue: SALES-ARTISTS EDITION
total $3,723 · unrelated business $3,723
-
3 · Investment income
total $555 · unrelated business $555
-
7b · Less cost or other basis and sales expenses
other assets $22,979
-
7c · Gain or loss
other assets -$22,979
-
7d · Net gain or loss
total -$22,979 · related or exempt -$22,979
-
8a · Fundraising events: gross income
$35,325
-
8a · Fundraising events: contributions included on line 1c
$216,719
-
8b · Fundraising events: direct expenses
$102,990
-
8c · Net income from fundraising events
total -$67,665 · excluded -$67,665
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $55,400 · program services $55,400
-
5 · Compensation of officers, directors and key employees
total $167,500 · program services $83,750 · management and general $33,500 · fundraising $50,250
-
7 · Other salaries and wages
total $235,009 · program services $110,233 · management and general $32,964 · fundraising $91,812
-
8 · Pension plan contributions
total $2,445 · program services $764 · management and general $627 · fundraising $1,054
-
10 · Payroll taxes
total $29,967 · program services $15,156 · management and general $4,715 · fundraising $10,096
-
11b · Fees: legal
total $12,080 · program services $8,456 · management and general $1,208 · fundraising $2,416
-
11c · Fees: accounting
total $23,676 · program services $16,573 · management and general $2,368 · fundraising $4,735
-
11g · Fees: other
total $313,298 · program services $291,594 · management and general $3,399 · fundraising $18,305
-
12 · Advertising and promotion
total $2,242 · program services $1,655 · fundraising $587
-
13 · Office expenses
total $26,798 · program services $25,803 · management and general $995
-
14 · Information technology
total $6,500 · program services $2,600 · management and general $1,300 · fundraising $2,600
-
16 · Occupancy
total $227,773 · program services $189,012 · management and general $21,335 · fundraising $17,426
-
20 · Interest
total $478 · management and general $478
-
22 · Depreciation, depletion and amortization
total $3,731 · program services $3,731
-
23 · Insurance
total $5,966 · program services $5,071 · management and general $597 · fundraising $298
-
24a · Other expenses: TRAVEL
total $45,612 · program services $40,075 · management and general $756 · fundraising $4,781
-
24b · Other expenses: UTILITIES
total $32,614 · program services $27,728 · management and general $3,257 · fundraising $1,629
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $19,582 · program services $8,278 · management and general $1,518 · fundraising $9,786
-
24d · Other expenses: FOOD AND REFRESHMENTS
total $14,284 · program services $8,012 · management and general $6,272 · fundraising $0
-
24e · All other expenses
total $23,783 · program services $19,185 · management and general $4,385 · fundraising $213
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $199,257 · end of year $539,784
-
10a · Land, buildings and equipment: cost or other basis
$84,972
-
10b · Land, buildings and equipment: accumulated depreciation
$3,165
-
10c · Land, buildings and equipment, net
beginning of year $23,545 · end of year $81,807
-
15 · Other assets
beginning of year $0 · end of year $707,588
-
17 · Accounts payable and accrued expenses
beginning of year $17,801 · end of year $25,438
-
25 · Other liabilities
beginning of year $25,646 · end of year $718,310
-
27 · Net assets without donor restrictions
beginning of year $179,355 · end of year $236,594
-
28 · Net assets with donor restrictions
end of year $348,837
Mission and programs · 2022
Mission
LOCUST PROJECTS IS AN ALTERNATIVE, NOT FOR PROFIT, MIAMI-BASED EXHIBITION SPACE DEDICATED TO PROVIDING CONTEMPORARY VISUAL ARTISTS THE FREEDOM TO EXPERIMENT WITH NEW IDEAS AND METHODS WITHOUT THE PRESSURES OF GALLERY SALES OR OTHER LIMITATIONS.
Activities or mission (Part I)
TO PROMOTE THE VISUAL ARTS BY PROVIDING EXHIBITION SPACE PRESENTING SITE-SPECIFIC ARTWORK FILLING THE GAP BETWEEN MUSEUMS AND COMMERCIAL GALLERIES.
-
PROVIDED EXHIBITION SPACE AND PUBLIC EXPOSURE FOR SITE-SPECIFIC VISUAL ARTWORK BY PRESENTING WORKS OF SEVERAL LOCAL, NATIONAL AND INTERNATIONAL ARTISTS.
Expenses $714,715
-
PROVIDED INCUBATOR GRANTS TO VISIONARY ARTISTS FOR INNOVATIVE PUBLICLY ACCESSIBLE PROJECTS THROUGH WAVEMAKER PROGRAM.
Expenses $101,951 · Grants $55,400
-
PROVIDED INTENSIVE ART SUMMER CAMP FOR HIGH SCHOOL STUDENTS WITH AN INTEREST IN ART, DESIGN AND EXPLORING CREATIVE CAREERS TO LEARN FROM PROFESSIONAL ARTISTS.
Expenses $30,899
-
Expenses $65,511
As filed on the 2022 return.
Listed in Part VII
-
Elizabeth PetersenELIZABETH PETERSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Christopher LomaxCHRISTOPHER LOMAX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Diane MossDIANE MOSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
William CharlesWILLIAM CHARLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Brian CooperBRIAN COOPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Adler GuerrierADLER GUERRIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Amy PollackAMY POLLACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Antonia WrightANTONIA WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Avra JainAVRA JAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Brian HellerBRIAN HELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Sunita BhagwanSUNITA BHAGWAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Carlos R LagoCARLOS R LAGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Dawn Adels FineDAWN ADELS FINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Debra FrankDEBRA FRANK
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Debra SchollDEBRA SCHOLL
CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 5
-
Diane GrobDIANE GROB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Elizabeth BaileyELIZABETH BAILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Elizabeth WithstandleyELIZABETH WITHSTANDLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Jamie OdabachianJAMIE ODABACHIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Jillian ChoiJILLIAN CHOI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Richard ArreguiRICHARD ARREGUI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
John DevineJOHN DEVINE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
John Joseph LinJOHN JOSEPH LIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Juan AlonsoJUAN ALONSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Karen BoyerKAREN BOYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Lauren GnazzoLAUREN GNAZZO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Linda AdlerLINDA ADLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Munisha UnderhillMUNISHA UNDERHILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Nicole ChipiNICOLE CHIPI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Paul JacoberPAUL JACOBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Raul Guijarro De PabloRAUL GUIJARRO DE PABLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Bette Ann FialkovBETTE ANN FIALKOV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Steven LansterSTEVEN LANSTER
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Stewart MerkinSTEWART MERKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Maria C BechilyMARIA C BECHILY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Lorie MertesLORIE MERTES
EXECUTIVE DIRECTOR
- Total calculated
- $167,500
- From this org
- $167,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 65
Schedule J breakdown matched by us
- Base
- $147,500
- Bonus
- $20,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $167,500
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 October 2024
- IRS schema version
- 2022v5.0
- Source object
- 202403049349300700
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