Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,461,448

• 1f · All other contributions, gifts and grants

  $3,581,367

• 1g · Noncash contributions included above

  $36,898

• 2a · Program service revenue: CSARTS ACADEMY REVENUE

  total $668,151 · related or exempt $668,151

• 2b · Program service revenue: PERFORMANCE HONORARIA MONTAGE

  total $164,633 · related or exempt $164,633

• 2c · Program service revenue: SUPPORT ORGANIZATIONS

  total $120,632 · related or exempt $120,632

• 3 · Investment income

  total $50,333 · excluded $50,333

• 7a · Gross sales of assets other than inventory

  securities $32,762

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

  securities $2,160

• 7c · Gain or loss

  securities $30,602

• 7d · Net gain or loss

  total $30,602 · excluded $30,602

• 8a · Fundraising events: gross income

  $169,634

• 8a · Fundraising events: contributions included on line 1c

  $1,461,448

• 8b · Fundraising events: direct expenses

  $906,863

• 8c · Net income from fundraising events

  total -$737,229 · excluded -$737,229

• 11a · Other revenue: PRODUCTION FEES

  total $34,646 · related or exempt $34,646

• 11b · Other revenue: PRIVATE LESSONS INCOME

  total $14,285 · related or exempt $14,285

• 11c · Other revenue: MISCELLANEOUS

  total $4,348 · excluded $4,348

• 11e · Other revenue, total

  $53,279

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,053,714 · program services $2,053,714

• 2 · Grants to domestic individuals

  total $90,500 · program services $90,500

• 7 · Other salaries and wages

  total $1,174,006 · program services $872,220 · management and general $188,581 · fundraising $113,205

• 8 · Pension plan contributions

  total $307,027 · program services $147,505 · management and general $40,232 · fundraising $119,290

• 9 · Other employee benefits

  total $192,283 · program services $59,325 · management and general $39,273 · fundraising $93,685

• 10 · Payroll taxes

  total $87,613 · program services $43,698 · management and general $10,669 · fundraising $33,246

• 11b · Fees: legal

  total $1,831 · program services $1,831

• 11c · Fees: accounting

  total $25,370 · management and general $25,370

• 11g · Fees: other

  total $123,093 · program services $55,093 · management and general $13,600 · fundraising $54,400

• 12 · Advertising and promotion

  total $23,085 · management and general $23,085

• 13 · Office expenses

  total $83,189 · program services $32,168 · management and general $40,347 · fundraising $10,674

• 14 · Information technology

  total $10,198 · program services $39 · management and general $2,024 · fundraising $8,135

• 16 · Occupancy

  total $33,589 · program services $17,506 · management and general $11,032 · fundraising $5,051

• 17 · Travel

  total $24,015 · program services $433 · management and general $18,734 · fundraising $4,848

• 24a · Other expenses: SPECIAL EVENTS

  total $568,935 · program services $370,127 · fundraising $198,808

• 24b · Other expenses: STUDENT PROD. SUPPORT

  total $480,233 · program services $323,964 · management and general $38,400 · fundraising $117,869

• 24c · Other expenses: OTHER EXPENSES

  total $21,000 · program services -$2,470 · management and general $23,109 · fundraising $361

• 24d · Other expenses: INSTRUCTIONAL SUPPORT

  total $8,440 · program services $8,440

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,685,617 · end of year $1,926,723

• 2 · Savings and temporary cash investments

  beginning of year $84,675 · end of year $90,083

• 4 · Accounts receivable

  beginning of year $60,614 · end of year $124,736

• 7 · Other notes and loans receivable

  beginning of year $950,000 · end of year $950,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,577 · end of year $7,290

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

  $32,723

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

  $32,723

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $226,121 · end of year $76,440

• 17 · Accounts payable and accrued expenses

  beginning of year $159,909 · end of year $95,033

• 19 · Deferred revenue

  beginning of year $0 · end of year $539,470

• 25 · Other liabilities

  beginning of year $164,842 · end of year $155,815

• 27 · Net assets without donor restrictions

  beginning of year $2,179,314 · end of year $1,845,200

• 28 · Net assets with donor restrictions

  beginning of year $511,539 · end of year $539,754

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3

ORANGE COUNTY SCHOOL OF THE ARTS DETERMINES THE EXECUTIVE DIRECTOR'S PAY. THE PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023.