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Nonprofiteer
← MURRAY ARTS CENTER FOUNDATION INC

Form 990 for tax year 2022

Filed by MURRAY ARTS CENTER FOUNDATION INC.

Totals

Total revenue
$0
Total expenses
$641,940
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,740,262
Total liabilities, end of year
$6,078,426
Net assets or fund balances, end of year
$3,661,836
Program services expenses (Part IX)
$641,940
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$641,940

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.

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $284,968 · program services $284,968

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $355,220 · program services $355,220

  • 23 · Insurance

    total $0

  • 24a · Other expenses: AMORTIZATION

    total $1,752 · program services $1,752

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $16,588,445

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

    $6,887,351

  • 10c · Land, buildings and equipment, net

    beginning of year $10,056,314 · end of year $9,701,094

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $40,920 · end of year $39,168

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,202 · end of year $11,497

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $6,438,986 · end of year $6,066,929

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,644,322 · end of year $3,661,836

  • 28 · Net assets with donor restrictions

    beginning of year $1,724 · end of year $0

Mission and programs · 2022

Mission

THE FOUNDATION IS A SUPPORTING ORGANIZATION ORGANIZED FOR HOLDING AND MANAGING REAL PROPERTY FOR THE EXCLUSIVE BENEFIT OF MT. PARAN CHRISTIAN SCHOOL, INC., AN EDUCATIONAL AND RELIGIOUS ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(1) OF THE INTERNAL REVENUE CODE.

Activities or mission (Part I)

THE FOUNDATION IS A SUPPORTING ORGANIZATION ORGANIZED FOR HOLDING AND MANAGING REAL PROPERTY FOR THE EXCLUSIVE BENEFIT OF MT. PARAN CHRISTIAN SCHOOL, INC.

  • ALL PROGRAM SERVICE ACCOMPLISHMENTS ARE FOR THE FOUNDATION'S EXPENSES INCURRED RELATING TO HOLDING PROPERTY FOR THE SUPPORT OF ITS SUPPORTED ORGANIZATION MT. PARAN CHRISTIAN SCHOOL, INC. THIS IS THE ONLY PROGRAM FOR WHICH THE FOUNDATION EXISTS.

    Expenses $641,940

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Tim Wiens

    Chairman

    Total calculated
    $361,378
    From this org
    $0
    From related orgs
    $299,092
    Other
    $62,286
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $276,270 related
    Bonus
    not reported + $10,102 related
    Other
    not reported + $12,720 related
    Deferred
    not reported + $27,168 related
    Nontaxable benefits
    not reported + $35,728 related
    Filer's total
    not reported + $361,988 related

  • Julie Ray

    Chief Financial Officer

    Total calculated
    $135,163
    From this org
    $0
    From related orgs
    $116,320
    Other
    $18,843
    Hours/week
    1 + 40 related

  • Cary Brague

    Managing Director

    Total calculated
    $116,848
    From this org
    $0
    From related orgs
    $88,538
    Other
    $28,310
    Hours/week
    1 + 40 related

  • Rob Chaput

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tom Dozier

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kathleen McCook

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ron Mulkey

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cindy Rainey

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Kelly Boudreau

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr David Tilley

    Incoming Chairman

    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. 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
IN JULY 2021, THE BOARD APPROVED AND BEGAN FUNDING A DEFERRED COMPENSATION PLAN FOR DR. TIMOTHY WIENS UNDER INTERNAL REVENUE CODE SECTION 457(F). THE PLAN IS FUNDED ANNUALLY AND VESTS TO THE EMPLOYEE OVER A PERIOD OF 5 YEARS. AS THE CONTRIBUTIONS ARE FUNDED, THE FUNDED AMOUNT IS REPORTED AS NON-TAXABLE DEFERRED COMPENSATION ON FORM 990. TAXABLE COMPENSATION IS REPORTED TO THE EMPLOYEE ON FORM W-2 AND ON FORM 990 AS BALANCES IN THE PLAN VEST. THIS PLAN IS IN PLACE TO RETAIN INDIVIDUALS KEY TO THE SUCCESSFUL OPERATIONS OF THE ORGANIZATION. CONTRIBUTIONS FOR THE CALENDAR YEAR TOTALED $15,000 TO THE PLAN.

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.

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 November 2023
IRS schema version
2022v5.0
Source object
202333189349313698

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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