Form 990 for tax year 2022
Filed by MANSHIP ARTIST RESIDENCE AND STUDIOS INC.
Totals
- Total revenue
- $287,794
- Total expenses
- $212,557
- Contributions and grants received
- $287,614
- Grants paid
- $20,890
- Program service revenue
- $0
- Investment income
- $180
- Other revenue
- $0
- Total assets, end of year
- $982,240
- Total liabilities, end of year
- $219,588
- Net assets or fund balances, end of year
- $762,652
- Program services expenses (Part IX)
- $130,788
- Management and general expenses
- $77,383
- Fundraising expenses
- $4,386
- Program service expenses (Part III)
- $130,788
Program services were 61.5% 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
$287,614
-
3 · Investment income
total $515 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0
-
7b · Less cost or other basis and sales expenses
securities $335
-
7c · Gain or loss
securities -$335
-
7d · Net gain or loss
total -$335 · related or exempt -$335 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $20,890 · program services $20,890
-
5 · Compensation of officers, directors and key employees
total $38,000 · program services $0 · management and general $38,000 · fundraising $0
-
10 · Payroll taxes
total $2,801 · program services $0 · management and general $2,801 · fundraising $0
-
11c · Fees: accounting
total $4,775 · program services $4,775 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $4,386 · fundraising $4,386
-
13 · Office expenses
total $2,786 · program services $2,786 · management and general $0 · fundraising $0
-
20 · Interest
total $7,935 · program services $7,935 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $20,613 · program services $20,613 · management and general $0 · fundraising $0
-
23 · Insurance
total $14,548 · program services $14,548 · management and general $0 · fundraising $0
-
24a · Other expenses: TAXES AND LICENSES
total $173 · program services $173 · management and general $0 · fundraising $0
-
24b · Other expenses: SUPPLIES
total $1,740 · program services $1,740 · management and general $0 · fundraising $0
-
24c · Other expenses: UTILITIES
total $15,729 · program services $15,729 · management and general $0 · fundraising $0
-
24d · Other expenses: PAYPAL & MERCHANT FEES
total $184 · program services $184 · management and general $0 · fundraising $0
-
24e · All other expenses
total $77,997 · program services $41,415 · management and general $36,582 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $172,346 · end of year $172,777
-
10a · Land, buildings and equipment: cost or other basis
$923,136
-
10b · Land, buildings and equipment: accumulated depreciation
$113,673
-
10c · Land, buildings and equipment, net
beginning of year $739,610 · end of year $809,463
-
17 · Accounts payable and accrued expenses
beginning of year $12,542 · end of year $2,229
-
23 · Secured mortgages and notes payable
beginning of year $222,909 · end of year $217,359
-
27 · Net assets without donor restrictions
beginning of year $676,505 · end of year $762,652
Mission and programs · 2022
Mission
TO ENRICH THE CREATIVE AND CULTURAL HERITAGE OF CAPE ANN AND CONTINUE ITS TRADITION AS A PLACE DEDICATED TO COMMUNITY AND ART-MAKING BY OFFERING SUSTAINABLE PROGRAMMING
-
THE PRESERVATION OF THE ESTATE OF SCULPTOR PAUL MANSHIP AS A BENEFIT TO THE COMMUNITY AND TO VISITORS TO CAPE ANN AND ESPECIALLY, OF ARTISTS.
Expenses $130,788 · Revenue $287,614
As filed on the 2022 return.
Listed in Part VII
-
Rebecca ReynoldsREBECCA REYNOLDS
PRESIDENT
- Total calculated
- $38,000
- From this org
- $38,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Jo-Ann CastanoJO-ANN CASTANO
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 20
-
Matthew BabsonMATTHEW BABSON
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Linda BruceLINDA BRUCE
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Bestsy Whittey EsqBESTSY WHITTEY ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Margaret HarriesMARGARET HARRIES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Donna HasslerDONNA HASSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Diana Natti TheriaultDIANA NATTI THERIAULT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Jose MateoJOSE MATEO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Valerie GilmanVALERIE GILMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Harry HoglanderHARRY HOGLANDER
DIRECTOR
- 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
- 2022
- Filed
- 25 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202401349349308530
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