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Nonprofiteer
← ARTS FOUNDATION FOR MARTIN COUNTY INC

Form 990 for tax year 2022

Filed by ARTS FOUNDATION FOR MARTIN COUNTY INC.

Totals

Total revenue
$279,921
Total expenses
$339,649
Contributions and grants received
$212,706
Grants paid
$114,700
Program service revenue
$67,211
Investment income
$4
Other revenue
$0
Total assets, end of year
$124,594
Total liabilities, end of year
$20,324
Net assets or fund balances, end of year
$104,270
Program services expenses (Part IX)
$306,275
Management and general expenses
$17,433
Fundraising expenses
$15,941
Program service expenses (Part III)
$306,275

Program services were 90.2% 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

    $34,525

  • 1f · All other contributions, gifts and grants

    $178,181

  • 1g · Noncash contributions included above

    $49,339

  • 2a · Program service revenue: ARTS FEST

    total $59,056 · related or exempt $59,056

  • 2b · Program service revenue: EVENTS

    total $8,155 · related or exempt $8,155

  • 3 · Investment income

    total $4 · excluded $4

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $114,700 · program services $114,700

  • 11g · Fees: other

    total $17,608 · management and general $2,585 · fundraising $15,023

  • 12 · Advertising and promotion

    total $9,713 · program services $3,206 · management and general $6,410 · fundraising $97

  • 13 · Office expenses

    total $2,086 · program services $1,896 · management and general $64 · fundraising $126

  • 14 · Information technology

    total $6,114 · program services $1,651 · management and general $4,463

  • 17 · Travel

    total $742 · program services $557 · management and general $111 · fundraising $74

  • 23 · Insurance

    total $2,224 · management and general $2,224

  • 24a · Other expenses: STUART HIGH SCHOOL PROJ

    total $74,742 · program services $74,742

  • 24b · Other expenses: EVENTS

    total $71,567 · program services $71,567

  • 24c · Other expenses: ARTIST FEES, SUPPLIES A

    total $30,055 · program services $30,055

  • 24d · Other expenses: IN-KIND SUPPORT

    total $6,325 · program services $6,325

  • 24e · All other expenses

    total $3,773 · program services $1,576 · management and general $1,576 · fundraising $621

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $178,044 · end of year $123,613

  • 9 · Prepaid expenses and deferred charges

    beginning of year $592 · end of year $730

  • 15 · Other assets

    beginning of year $24,178 · end of year $251

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,372 · end of year $7,274

  • 25 · Other liabilities

    beginning of year $35,444 · end of year $13,050

  • 27 · Net assets without donor restrictions

    beginning of year $43,188 · end of year $59,728

  • 28 · Net assets with donor restrictions

    beginning of year $120,810 · end of year $44,542

Mission and programs · 2022

Mission

THE ARTS FOUNDATION FOR MARTIN COUNTY IS A NONPROFIT ORGANIZATION THAT DEVELOPS ACTIVITIES AND PROGRAMS THAT FOSTER AND SUPPORT THE ARTS AND CULTURAL COMMUNITY. MARTIN ARTS FOUNDATION WORKS IN PARTNERSHIP WITH THE MARTIN ARTS COUNCIL AND THE CULTURAL SECTOR IN OUR REGION.

  • MARTIN COUNTY ARTS FESTIVAL ARTSFEST IS AN ANNUAL ARTS FESTIVAL TO CELEBRATE THE ARTS. THE ARTSFEST FEATURES LOCAL, REGIONAL, OR NATIONAL ARTISTS IN FINE ARTS, CRAFTS, AND PERFORMING ARTS.

    Expenses $191,575 · Revenue $67,211

  • THE MARTINARTS AWARDS ARE PRESENTED TO STUDENTS WITH PROVEN RECORD OF RESPONSIBILITY AND WHOSE LEADERSHIP HAS IMPROVED THE QUALITY OF LIFE IN THE COMMUNITY THROUGH THE ARTS.

  • THE PROMOTION OF THE ARTS IN MARTIN COUNTY.

    Expenses $114,700 · Grants $114,700

As filed on the 2022 return.

Listed in Part VII

  • Elizabeth Bonan

    CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Dr Marie Jureit-Beamish

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Jennifer Powers

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Edward R Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Alessandro Anzalone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Dr Anita Caswell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Sharon Holt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Duncan Hurd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Mary Ann Loomis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Lisa Renee Ludlum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Marney E McKee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Paul Nunley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Tom Pence CPA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Anna Valencia Tillery

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Nancy Turrerll

    CEO

    Total calculated
    $67,533
    From this org
    $0
    From related orgs
    $67,533
    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

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 August 2024
IRS schema version
2022v5.0
Source object
202402289349303060

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

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