Totals
- Total revenue
- $3,588,954
- Total expenses
- $2,106,106
- Contributions and grants received
- $1,107,703
- Grants paid
- $54,687
- Program service revenue
- $465,100
- Investment income
- $1,456,689
- Other revenue
- $559,462
- Total assets, end of year
- $8,419,232
- Total liabilities, end of year
- $643,799
- Net assets or fund balances, end of year
- $7,775,433
- Program services expenses (Part IX)
- $1,321,820
- Management and general expenses
- $372,367
- Fundraising expenses
- $411,919
- Program service expenses (Part III)
- $1,321,820
Program services were 62.8% 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
$163,626
-
1c · Fundraising events
$206,504
-
1e · Government grants (contributions)
$69,670
-
1f · All other contributions, gifts and grants
$667,903
-
1g · Noncash contributions included above
$206,504
-
2a · Program service revenue: ADMISSIONS AND ENTRY FEES
total $465,100 · related or exempt $465,100
-
3 · Investment income
total $143,919 · excluded $143,919
-
7a · Gross sales of assets other than inventory
securities $5,257,667 · other assets $16,298
-
7b · Less cost or other basis and sales expenses
securities $3,955,328 · other assets $5,867
-
7c · Gain or loss
securities $1,302,339 · other assets $10,431
-
7d · Net gain or loss
total $1,312,770 · excluded $1,312,770
-
8a · Fundraising events: gross income
$917,977
-
8a · Fundraising events: contributions included on line 1c
$206,504
-
8b · Fundraising events: direct expenses
$463,563
-
8c · Net income from fundraising events
total $454,414 · excluded $454,414
-
10a · Gross sales of inventory
$140,775
-
10b · Cost of goods sold
$91,447
-
10c · Net income from sales of inventory
total $49,328 · related or exempt $49,328
-
11a · Other revenue: OTHER REVENUE
total $55,793 · related or exempt $55,793
-
11b · Other revenue: CHANGE IN BENEFICIAL INTEREST
total -$73 · excluded -$73
-
11e · Other revenue, total
$55,720
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $54,687 · program services $54,687
-
5 · Compensation of officers, directors and key employees
total $97,669 · program services $19,534 · management and general $19,534 · fundraising $58,601
-
7 · Other salaries and wages
total $783,641 · program services $554,943 · management and general $93,502 · fundraising $135,196
-
8 · Pension plan contributions
total $29,405 · program services $19,939 · management and general $3,030 · fundraising $6,436
-
9 · Other employee benefits
total $79,094 · program services $23,219 · management and general $46,556 · fundraising $9,319
-
10 · Payroll taxes
total $66,799 · program services $43,908 · management and general $8,272 · fundraising $14,619
-
11f · Fees: investment management
total $25,222 · management and general $25,222
-
11g · Fees: other
total $223,501 · program services $182,415 · management and general $40,658 · fundraising $428
-
12 · Advertising and promotion
total $48,678 · program services $31,976 · management and general $5,266 · fundraising $11,436
-
13 · Office expenses
total $17,336 · program services $10,601 · management and general $4,758 · fundraising $1,977
-
16 · Occupancy
total $52,867 · management and general $52,867
-
17 · Travel
total $1,043 · program services $549 · management and general $494
-
20 · Interest
total $4,124 · program services $3,093 · management and general $619 · fundraising $412
-
22 · Depreciation, depletion and amortization
total $147,203 · program services $108,159 · management and general $22,302 · fundraising $16,742
-
23 · Insurance
total $20,104 · program services $11,447 · management and general $7,131 · fundraising $1,526
-
24a · Other expenses: PROGRAM SUPPORT
total $275,331 · program services $138,886 · management and general $15,075 · fundraising $121,370
-
24b · Other expenses: UTILITIES
total $70,465 · program services $50,525 · management and general $13,141 · fundraising $6,799
-
24c · Other expenses: SUPPLIES
total $58,720 · program services $29,876 · management and general $4,757 · fundraising $24,087
-
24d · Other expenses: BANK FEES
total $43,016 · program services $35,837 · management and general $4,361 · fundraising $2,818
-
24e · All other expenses
total $7,201 · program services $2,226 · management and general $4,822 · fundraising $153
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $318,607 · end of year $560,178
-
3 · Pledges and grants receivable
beginning of year $225,080 · end of year $102,374
-
4 · Accounts receivable
beginning of year $6,190 · end of year $22,082
-
8 · Inventories for sale or use
beginning of year $17,224 · end of year $18,163
-
9 · Prepaid expenses and deferred charges
beginning of year $32,847 · end of year $43,016
-
10a · Land, buildings and equipment: cost or other basis
$5,359,016
-
10b · Land, buildings and equipment: accumulated depreciation
$2,964,541
-
10c · Land, buildings and equipment, net
beginning of year $2,433,802 · end of year $2,394,475
-
11 · Investments: publicly traded securities
beginning of year $5,032,685 · end of year $5,164,742
-
14 · Intangible assets
beginning of year $9,866 · end of year $7,544
-
15 · Other assets
beginning of year $173,373 · end of year $106,658
-
17 · Accounts payable and accrued expenses
beginning of year $97,396 · end of year $72,403
-
19 · Deferred revenue
beginning of year $384,040 · end of year $399,028
-
23 · Secured mortgages and notes payable
beginning of year $150,000 · end of year $150,000
-
25 · Other liabilities
beginning of year $92,144 · end of year $22,368
-
27 · Net assets without donor restrictions
beginning of year $3,777,518 · end of year $3,984,149
-
28 · Net assets with donor restrictions
beginning of year $3,748,576 · end of year $3,791,284
Mission and programs · 2024
Mission
TO CREATE WAYS FOR PEOPLE TO CONNECT, LEARN, AND GROW THROUGH THE ARTS.
Activities or mission (Part I)
ORGANIZATION'S MISSION IS TO CREATE WAYS FOR PEOPLE TO CONNECT, LEARN, AND GROW THROUGH THE ARTS.
-
EDUCATION CLASSES - 296 MUSIC, ARTS, DANCE AND THEATRE CLASSES PROVIDED IN 2024 AND ATTENDED BY 2,139 STUDENTS.
Expenses $749,609 · Grants $54,687 · Revenue $319,732
-
VISUAL ARTS SHOWS - PUBLIC DISPLAYS OF 30 DIFFERENT EXHIBITIONS AND ART SHOWS IN PETOSKEY AND TRAVERSE CITY IN 2024.
Expenses $350,436 · Revenue $68,241
-
PERFORMING ARTS PROGRAMS - THERE WERE 36 MUSICAL, DANCE AND THEATRICAL PROGRAMS IN 2024 ATTENDED BY 4,591 PATRONS.
Expenses $221,775 · Revenue $125,912
As filed on the 2024 return.
Listed in Part VII
-
Sue BinghamSUE BINGHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ed BoyerED BOYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rob HaroldROB HAROLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steve FritzSTEVE FRITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Celia SinclairCELIA SINCLAIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer TobiasJENNIFER TOBIAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steve PalmerSTEVE PALMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Don MoloskyDON MOLOSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anne MontagneANNE MONTAGNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Debbie LamsonDEBBIE LAMSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carrie TitusCARRIE TITUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim SchroederJIM SCHROEDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elaine SmileyELAINE SMILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anne MorningstarANNE MORNINGSTAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michelle BoyerMICHELLE BOYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John Fergus-JeanJOHN FERGUS-JEAN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Hal LawrenceHAL LAWRENCE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Ragnar AveryRAGNAR AVERY
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Kathleen DavisKATHLEEN DAVIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Megan DewindtMEGAN DEWINDT
FORMER PRESIDENT
- Total calculated
- $31,098
- From this org
- $29,902
- From related orgs
- $0
- Other
- $1,196
- Hours/week
- 40
-
Angela MorrisANGELA MORRIS
PRESIDENT
- Total calculated
- $88,618
- From this org
- $85,210
- From related orgs
- $0
- Other
- $3,408
- 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
- 2024
- Filed
- 11 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202522239349301207
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