Form 990 for tax year 2024
Filed by MOUNT VERNON ARTS CONSORTIUM INC.
Totals
- Total revenue
- $337,556
- Total expenses
- $475,714
- Contributions and grants received
- $217,093
- Grants paid
- $0
- Program service revenue
- $120,463
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $124,942
- Total liabilities, end of year
- $87,761
- Net assets or fund balances, end of year
- $37,181
- Program services expenses (Part IX)
- $370,905
- Management and general expenses
- $104,809
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $370,905
Program services were 78.0% 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.
-
1f · All other contributions, gifts and grants
$217,093
-
2a · Program service revenue: Event Technical Services
total $22,963 · related or exempt $22,963
-
2b · Program service revenue: Event Ticketing Services
total $25,082 · related or exempt $25,082
-
2c · Program service revenue: Ticket Sales-MVAC Events
total $46,511 · related or exempt $46,511
-
2d · Program service revenue: Venue Management Services
total $15,000 · related or exempt $15,000
-
2e · Program service revenue: Venue Staffing Services
total $10,907 · related or exempt $10,907
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $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 $93,740 · program services $46,870 · management and general $46,870
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $174,403 · program services $162,825 · management and general $11,578
-
8 · Pension plan contributions
total $2,629 · program services $2,103 · management and general $526
-
9 · Other employee benefits
total $13,429 · program services $10,475 · management and general $2,954
-
10 · Payroll taxes
total $24,071 · program services $18,775 · management and general $5,296
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $150 · management and general $150
-
11c · Fees: accounting
total $6,507 · management and general $6,507
-
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 $6,506 · management and general $6,506
-
14 · Information technology
total $23,048 · program services $11,794 · management and general $11,254
-
15 · Royalties
total $0
-
16 · Occupancy
total $9,052 · management and general $9,052
-
17 · Travel
total $422 · management and general $422
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $141 · management and general $141
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,630 · management and general $2,630
-
24a · Other expenses: MVAC Ticketed Event Costs
total $63,219 · program services $63,219
-
24b · Other expenses: Direct Ticket/Payment Fees
total $20,398 · program services $20,398
-
24c · Other expenses: Venue & Event Marketing
total $16,832 · program services $16,832
-
24d · Other expenses: Event Insurance
total $10,470 · program services $10,470
-
24e · All other expenses
total $8,067 · program services $7,144 · management and general $923
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $162,318 · end of year $74,251
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $3,029 · end of year $2,256
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $7,319 · end of year $32,239
-
10a · Land, buildings and equipment: cost or other basis
$16,196
-
10c · Land, buildings and equipment, net
beginning of year $16,196 · end of year $16,196
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $9,989 · end of year $55,241
-
19 · Deferred revenue
end of year $28,975
-
25 · Other liabilities
beginning of year $3,534 · end of year $3,545
-
27 · Net assets without donor restrictions
beginning of year $175,339 · end of year $37,181
Mission and programs · 2024
Mission
The Arts Consortium marketed and supported the '2024 Mount Vernon Presents Season' of community arts and entertainment events. Through facilitation of quarterly local art partner meetings, planning and collaboration on a shared community events production calendar was achieved, providing maximization of marketing, administration, technical and other production resources for the community. Staff supported 64 productions and public events spanning 167 production days. More than 11,000 ticket sales were managed by box office staff and systems representing $248,000 in ticket sales. MVAC staff contributed 3,500 hours to support partner organizations in addition to contracted services. In 2024, 25% of audience members came from outside of Knox County and 36% of major show budgets were spent in county, providing local community reinvestment. MVAC.org has 21,000 unique website visitors, received more than 28,000 webiste hits and experienced 42,000 page views. New Facebook followers increased b
Activities or mission (Part I)
The Mount Vernon Arts Consoritum, a supporting organization of the Knox County Foundation, is dedicated to amplifying arts and entertainment in Mount Vernon in an effort to strengthen the economy, cultivate meaningful relationships, and provide opportunities for residents and guests to enjoy historic venues through unique cultural experiences.
-
The Arts Consortium provides marketing, technical, production, and event support for pillar arts venues and other arts partners located in Mount Vernon.
Expenses $280,384 · Revenue $73,952
-
The Arts Consortium directly provides musical, theaterical and other entertainment events to the Knox County community and works to build high quality visitor experiences for tourists coming to the Mount Vernon area.
Expenses $73,689 · Revenue $59,261
-
Marketing consultation and planning to implement vision of Mount Vernon becoming a destination for performing and cultural arts experiences.
Expenses $16,832
As filed on the 2024 return.
Listed in Part VII
-
Martin Booker
Executive Dir.
- Total calculated
- $93,740
- From this org
- $93,740
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jennifer Odenweller
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Jason Booth
Chair
- Total calculated
- $0
- Hours/week
- 5
-
Zac DiMarco
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Marc Odenweller
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Laura Hess
Vice-Chair
- Total calculated
- $0
- Hours/week
- 5
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
- 22 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202502959349300615
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