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Nonprofiteer
← THE DURHAM ARTS COUNCIL ENDOWMENT FUND

Form 990 for tax year 2022

Filed by THE DURHAM ARTS COUNCIL ENDOWMENT FUND.

Totals

Total revenue
$42,164
Total expenses
$40,723
Contributions and grants received
$0
Grants paid
$26,454
Program service revenue
$0
Investment income
$42,164
Other revenue
$0
Total assets, end of year
$708,119
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$708,119
Program services expenses (Part IX)
$26,454
Management and general expenses
$14,269
Fundraising expenses
$0
Program service expenses (Part III)
$26,454

Program services were 65.0% 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.

  • 3 · Investment income

    total $6,967 · excluded $6,967

  • 7a · Gross sales of assets other than inventory

    securities $35,197

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $35,197

  • 7d · Net gain or loss

    total $35,197 · excluded $35,197

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,454 · program services $26,454

  • 11c · Fees: accounting

    total $3,255 · management and general $3,255

  • 11f · Fees: investment management

    total $10,051 · management and general $10,051

  • 23 · Insurance

    total $963 · management and general $963

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $684,567 · end of year $708,119

  • 28 · Net assets with donor restrictions

    beginning of year $684,567 · end of year $708,119

Mission and programs · 2022

Mission

SUPPORT THE DURHAM ARTS COUNCIL, A COMMUNITY FINE ARTS ORGANIZATION.

Activities or mission (Part I)

SUPPORT OF THE DURHAM ARTS COUNCIL, A COMMUNITY FINE ARTS ORGANIZATION

  • SUPPORT THE TRIANGLE COMMUNITY FOUNDATION IN CONNECTION WITH THE FOUDATION'S SUPPORT OF THE DURHAM ARTS COUNCIL BY PROVIDING A PERMANENTLY ENDOWED SOURCE OF SUPPORT FOR THE COMMUNITY ARTS ORGANIZATION.

    Expenses $26,454 · Grants $26,454

As filed on the 2022 return.

Listed in Part VII

  • STEPHEN E HANCOCK

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KAY P GRESHAM

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • VIRGINIA R BOWMAN

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SCHOENFELD

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • BARKER FRENCH

    TRUSTEE

    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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 March 2024
IRS schema version
2022v5.0
Source object
202420819349300022

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