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Nonprofiteer
← ART DEALERS ASSOCIATION OF AMERICA INC

Form 990 for tax year 2022

Filed by ART DEALERS ASSOCIATION OF AMERICA INC.

Totals

Total revenue
$2,387,702
Total expenses
$1,967,317
Contributions and grants received
$1,511,076
Grants paid
$60,000
Program service revenue
$168,775
Investment income
$205,772
Other revenue
$502,079
Total assets, end of year
$4,817,845
Total liabilities, end of year
$1,487,277
Net assets or fund balances, end of year
$3,330,568
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $858,500

  • 1f · All other contributions, gifts and grants

    $652,576

  • 2a · Program service revenue: Art Appraisal Service

    total $168,775 · related or exempt $168,775

  • 3 · Investment income

    total $36,194 · excluded $36,194

  • 7a · Gross sales of assets other than inventory

    securities $169,578

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

    securities $0

  • 7c · Gain or loss

    securities $169,578

  • 7d · Net gain or loss

    total $169,578 · related or exempt $169,578

  • 8a · Fundraising events: gross income

    $3,221,524

  • 8b · Fundraising events: direct expenses

    $2,854,713

  • 8c · Net income from fundraising events

    total $366,811 · excluded $366,811

  • 11a · Other revenue: Federal Employer Retention Credit

    total $78,294 · related or exempt $78,294

  • 11b · Other revenue: Gross Rents

    total $50,000 · related or exempt $50,000

  • 11c · Other revenue: Refunds

    total $6,974 · related or exempt $6,974

  • 11e · Other revenue, total

    $135,268

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,000

  • 5 · Compensation of officers, directors and key employees

    total $204,027

  • 7 · Other salaries and wages

    total $196,004

  • 9 · Other employee benefits

    total $20,607

  • 10 · Payroll taxes

    total $30,573

  • 11b · Fees: legal

    total $128,846

  • 11c · Fees: accounting

    total $27,181

  • 11d · Fees: lobbying

    total $192,476

  • 11f · Fees: investment management

    total $23,004

  • 13 · Office expenses

    total $15,864

  • 16 · Occupancy

    total $343,863

  • 17 · Travel

    total $14,719

  • 19 · Conferences, conventions and meetings

    total $5,845

  • 22 · Depreciation, depletion and amortization

    total $1,980

  • 23 · Insurance

    total $13,007

  • 24a · Other expenses: Co-op Advertising Expen

    total $352,000

  • 24b · Other expenses: Independent Appraisers

    total $174,223

  • 24c · Other expenses: Public Relations and Co

    total $60,000

  • 24d · Other expenses: Computer Management

    total $31,009

  • 24e · All other expenses

    total $72,089

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,145,549 · end of year $1,198,975

  • 2 · Savings and temporary cash investments

    beginning of year $289,587 · end of year $1,285,510

  • 4 · Accounts receivable

    beginning of year $2,575 · end of year $116,995

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,534 · end of year $129,769

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

    $55,894

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

    $36,105

  • 10c · Land, buildings and equipment, net

    beginning of year $21,769 · end of year $19,789

  • 11 · Investments: publicly traded securities

    beginning of year $1,982,154 · end of year $1,962,935

  • 15 · Other assets

    beginning of year $104,623 · end of year $103,872

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,458 · end of year $163,902

  • 19 · Deferred revenue

    beginning of year $77,000 · end of year $1,323,375

  • 25 · Other liabilities

    beginning of year $496,150 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,058,889 · end of year $1,058,889

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,851,294 · end of year $2,271,679

Mission and programs · 2022

Mission

See Schedule O.

Activities or mission (Part I)

Organization's mission is described on Schedule O.

  • See Schedule O.

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

Listed in Part VII

  • Anthony Meier

    President

    Total calculated
    $0
    Hours/week
    5

  • Justine Birbil

    Vice President

    Total calculated
    $0
    Hours/week
    5

  • Eleanor Acquavella

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Allison Ayers

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Katherine Degn

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Robert Grosman

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Steve Henry

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Emily-Jane Kirwan

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Wendi Norris

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Nick Olney

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Susan Sheehan

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • John Van Doren

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Nicola Lorenz

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Julie Roberts

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Amanda Stoffel

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Tarrah von Lintel

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Jessie Washburne-Harris

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Dan Alberto Yoshi

    Member, Bd of Directors

    Total calculated
    $0
    Hours/week
    1

  • Maureen Bray

    Exec Director

    Total calculated
    $204,027
    From this org
    $204,027
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,027
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $204,027

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

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

Provenance

Return type
form_990
Tax year
2022
Filed
17 November 2023
IRS schema version
2022v5.0
Source object
202333219349300623

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