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← AUSTIN AREA COMMISSION FOR THE ARTS INC

Form 990 for tax year 2023

Filed by AUSTIN AREA COMMISSION FOR THE ARTS INC.

Totals

Total revenue
$458,735
Total expenses
$597,687
Contributions and grants received
$373,371
Grants paid
$0
Program service revenue
$86,226
Investment income
$5,809
Other revenue
-$6,671
Total assets, end of year
$2,520,893
Total liabilities, end of year
$344,342
Net assets or fund balances, end of year
$2,176,551
Program services expenses (Part IX)
$629,216
Management and general expenses
-$31,529
Fundraising expenses
$0
Program service expenses (Part III)
$629,216

Program services were 105.3% 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

    $9,874

  • 1e · Government grants (contributions)

    $180,300

  • 1f · All other contributions, gifts and grants

    $183,197

  • 2a · Program service revenue: ARTWORKS CENTER

    total $44,051 · related or exempt $44,051

  • 2b · Program service revenue: ARTWORKS FESTIVAL

    total $23,503 · related or exempt $23,503

  • 2c · Program service revenue: PARAMOUNT THEATRE

    total $18,672 · related or exempt $18,672

  • 3 · Investment income

    total $5,809 · excluded $5,809

  • 6a · Gross rents

    real property $40,621

  • 6b · Less rental expenses

    real property $23,351

  • 6c · Rental income or loss

    real property $17,270

  • 6d · Net rental income or loss

    total $17,270 · unrelated business $5,349 · excluded $11,921

  • 8a · Fundraising events: gross income

    $519

  • 8b · Fundraising events: direct expenses

    $2,847

  • 8c · Net income from fundraising events

    total -$2,328 · excluded -$2,328

  • 9a · Gaming: gross income

    $5,184,595

  • 9b · Gaming: direct expenses

    $5,206,267

  • 9c · Net income from gaming

    total -$21,672 · unrelated business -$21,672

  • 11a · Other revenue: OTHER REVENUE

    total $59 · excluded $59

  • 11e · Other revenue, total

    $59

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $78,170 · program services $58,628 · management and general $19,542

  • 7 · Other salaries and wages

    total $137,658 · program services $116,662 · management and general $20,996

  • 9 · Other employee benefits

    total $8,322 · program services $2,525 · management and general $5,797

  • 10 · Payroll taxes

    total $16,681 · program services $13,399 · management and general $3,282

  • 11c · Fees: accounting

    total $23,198 · management and general $23,198

  • 11g · Fees: other

    total $557 · program services $557

  • 12 · Advertising and promotion

    total $17,494 · program services $13,785 · management and general $3,709

  • 13 · Office expenses

    total $18,628 · program services $10,373 · management and general $8,255

  • 14 · Information technology

    total $5,850 · program services $4,421 · management and general $1,429

  • 16 · Occupancy

    total $141,061 · program services $139,009 · management and general $2,052

  • 17 · Travel

    total $3,987 · program services $3,987

  • 22 · Depreciation, depletion and amortization

    total $108,061 · program services $107,451 · management and general $610

  • 23 · Insurance

    total $17,856 · program services $14,537 · management and general $3,319

  • 24a · Other expenses: PRODUCTION, ARTIST FEES

    total $79,012 · program services $78,614 · management and general $398

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $30,898 · program services $29,073 · management and general $1,825

  • 24c · Other expenses: EDUCATION

    total $16,235 · program services $16,235

  • 24d · Other expenses: CAPITAL CAMPAIGN

    total $11,275 · program services $11,275

  • 24e · All other expenses

    total -$117,256 · program services $8,685 · management and general -$125,941

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $212,046 · end of year $225,313

  • 2 · Savings and temporary cash investments

    beginning of year $538,295 · end of year $544,712

  • 3 · Pledges and grants receivable

    beginning of year $6,550 · end of year $0

  • 4 · Accounts receivable

    beginning of year $34,004 · end of year $27,254

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,103 · end of year $0

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

    $2,966,824

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

    $1,386,785

  • 10c · Land, buildings and equipment, net

    beginning of year $1,686,346 · end of year $1,580,039

  • 15 · Other assets

    beginning of year $234,981 · end of year $143,575

  • 17 · Accounts payable and accrued expenses

    beginning of year $79,460 · end of year $84,133

  • 19 · Deferred revenue

    beginning of year $3,079 · end of year $4,549

  • 23 · Secured mortgages and notes payable

    beginning of year $246,867 · end of year $233,587

  • 25 · Other liabilities

    beginning of year $65,801 · end of year $22,073

  • 27 · Net assets without donor restrictions

    beginning of year $1,752,566 · end of year $1,640,383

  • 28 · Net assets with donor restrictions

    beginning of year $565,552 · end of year $536,168

Mission and programs · 2023

Mission

AUSTIN AREA ARTS APPLAUDS AND ADVANCES ALL ARTS BY WELCOMING DIVERSE, CREATIVE INDIVIDUALS TO SHARE THEIR UNIQUE TALENTS TO INSPIRE OUR COMMUNITY.

Activities or mission (Part I)

APPLAUD AND ADVANCE ALL ARTS BY WELCOMING DIVERSE, CREATIVE INDIVIDUALS TO INSPIRE OUR COMMUNITY.

  • ARTWORKS CENTER - PROVIDE A VENUE FOR ARTISTS TO CREATE, DISPLAY AND SELL THEIR ART. PROVIDE ART EDUCATION FOR ALL AGES. PROVIDE AN INTIMATE LIVE MUSIC VENUE. 107 RETAIL ARTISTS GENERATED $58,000+ GROSS RETAIL SALES. HOSTED 2 LIVE MUSIC, 5 GALLERY EXHIBITS, 8 OPEN MUSIC JAMS, 26 ADULT ART CLASSES, 48 KIDS ART CLASSES = 89 TOTAL EVENTS. SERVED 668 CHILDREN AND 698 ADULTS = 1,366 TOTAL PLUS 215 ARTISTS.

    Expenses $288,730 · Revenue $44,051

  • PARAMOUNT THEATRE - MAINTAIN THE HISTORIC 1929 PARAMOUNT THEATRE. PRESENT HIGH QUALITY LIVE MUSIC AND OTHER PERFORMING ARTS TO THE PUBLIC AT REASONABLE PRICES. OFFER LOW COST RENTAL VENUE TO THE AREA'S ARTS COMMUNITY. 2023 EVENTS: 1 MOVIE PREMIER, 1 HISTORICAL CONFERENCE, 1 MAGIC SHOW, 2 DANCE PERFORMANCES, 2 TOURS, 9 PRIVATE MOVIES, 10 LIVE MUSIC SHOWS, 20 PUBLIC MOVIES=46 TOTAL. SERVED 683 CHILDREN / 1,793 ADULTS = 2,476 TOTAL PLUS 284 ARTISTS.

    Expenses $225,246 · Revenue $18,672

  • ARTWORKS FESTIVAL - CELEBRATE VISUAL, PERFORMING AND LITERARY ARTISTS WITH A FREE TWO-DAY EVENT IN THE HEART OF DOWNTOWN AUSTIN. EVENT CONTRIBUTES TO COMMUNITY QUALITY OF LIFE AND GENERATES ECONOMIC IMPACT FOR LOCAL LODGING, RESTAURANTS AND RETAIL. 10,000 VISITORS ENJOYED 52 JURIED FINE ART EXHIBITORS, 8 EMERGING ART EXHIBITORS, 10 HANDS-ON ART EXPERIENCES, 14 MUSIC ACTS, 20 AUTHORS, 6 PERFORMING ARTS OFFERINGS. THE EVENT WAS SUPPORTED BY 73 INDIVIDUAL DONORS, 42 BUSINESS DONORS AND 200+ VOLUNTEER SHIFTS FILLED.

    Expenses $115,240 · Revenue $23,503

As filed on the 2023 return.

Listed in Part VII

  • Penny Kinney

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Rae Dawn Rao

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Michelle Lilly

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Rick Young

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Austere Apollo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Domonique Venzant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Isaac Leyk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Beckman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kandace Feist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristen Olson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura S Helle

    EXECUTIVE DIRECTOR

    Total calculated
    $78,170
    From this org
    $78,170
    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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433199349307013

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