Totals
- Total revenue
- $681,501
- Total expenses
- $699,851
- Contributions and grants received
- $107,476
- Grants paid
- $0
- Program service revenue
- $520,486
- Investment income
- $1,555
- Other revenue
- $51,984
- Total assets, end of year
- $3,369,636
- Total liabilities, end of year
- $1,667,717
- Net assets or fund balances, end of year
- $1,701,919
- Program services expenses (Part IX)
- $579,464
- Management and general expenses
- $89,126
- Fundraising expenses
- $31,261
- Program service expenses (Part III)
- $579,464
Program services were 82.8% 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
$9,135
-
1e · Government grants (contributions)
$15,000
-
1f · All other contributions, gifts and grants
$83,341
-
2a · Program service revenue: EXHIBITION FEES
total $11,035 · related or exempt $11,035
-
2b · Program service revenue: LOW INCOME HOUSING
total $283,464 · related or exempt $283,464
-
2c · Program service revenue: STUDIO ARTIST FEES
total $225,987 · related or exempt $225,987
-
3 · Investment income
total $1,555 · excluded $1,555
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $153,032
-
6b · Less rental expenses
real property $103,065
-
6c · Rental income or loss
real property $49,967
-
6d · Net rental income or loss
total $49,967 · unrelated business $49,967
-
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
-
11a · Other revenue: OTHER REV
total $2,017 · related or exempt $2,017
-
11e · Other revenue, total
$2,017
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 $115,705 · program services $71,356 · management and general $31,678 · fundraising $12,671
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $151,084 · program services $151,084
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $7,898 · program services $7,812 · management and general $86
-
10 · Payroll taxes
total $22,426 · program services $16,525 · management and general $4,721 · fundraising $1,180
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $38,488 · management and general $38,488
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $12,986 · program services $2,769 · management and general $3,708 · fundraising $6,509
-
12 · Advertising and promotion
total $16,957 · program services $16,957
-
13 · Office expenses
total $10,645 · program services $8,892 · management and general $1,203 · fundraising $550
-
14 · Information technology
total $11,671 · program services $11,352 · management and general $319
-
15 · Royalties
total $0
-
16 · Occupancy
total $109,082 · program services $109,082
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $58,577 · program services $54,851 · management and general $3,726
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $91,334 · program services $91,334
-
23 · Insurance
total $12,604 · program services $12,454 · management and general $150
-
24a · Other expenses: ARTISTIC PROGRAM EXPENSES
total $24,156 · program services $23,113 · management and general $1,043
-
24b · Other expenses: OTHER FUNDRAISING
total $10,351 · fundraising $10,351
-
24c · Other expenses: TAXES AND LICENSES
total $4,004 · management and general $4,004
-
24d · Other expenses: SMALL EQUIPMENT
total $1,623 · program services $1,623
-
24e · All other expenses
total $260 · program services $260
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,101 · end of year $38,442
-
2 · Savings and temporary cash investments
beginning of year $225,602 · end of year $127,456
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
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
end of year $501
-
10a · Land, buildings and equipment: cost or other basis
$4,803,404
-
10b · Land, buildings and equipment: accumulated depreciation
$2,162,920
-
10c · Land, buildings and equipment, net
beginning of year $2,755,909 · end of year $2,640,484
-
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
beginning of year $4,138 · end of year $3,362
-
15 · Other assets
beginning of year $453,204 · end of year $559,391
-
17 · Accounts payable and accrued expenses
beginning of year $40,635 · end of year $12,696
-
23 · Secured mortgages and notes payable
beginning of year $1,648,311 · end of year $1,615,747
-
25 · Other liabilities
beginning of year $38,984 · end of year $39,274
-
27 · Net assets without donor restrictions
beginning of year $1,716,024 · end of year $1,696,919
-
28 · Net assets with donor restrictions
beginning of year $5,000 · end of year $5,000
Mission and programs · 2023
Mission
Art Works Downtown's mission is to provide an environment where visual arts thrive for the well-being of our community.
-
ARTWORKS DOWNTOWN ENCOURAGES AND FACILITATES ARTISTIC ACTIVITIES IN ORDER TO BROADEN AND DEEPEN THE PUBLIC'S ENGAGEMENT WITH THE VISUAL ARTS. ARTWORKS DOWNTOWN PROVIDES STUDIO AND EXHIBITION SPACE, AND BUSINESS OPPORTUNITIES TO ARTISTS. BY OFFERING EDUCATIONAL PROGRAMS, ARTWORKS DOWNTOWN STRENGTHENS THE INTERFACE BETWEEN ARTISTS AND THE GENERAL PUBLIC, CONTRIBUTING TO THE CREATIVE FABRIC OF THE COMMUNITY.
Expenses $419,341 · Revenue $237,022
-
ARTWORKS DOWNTOWN PROVIDES LOW INCOME HOUSING.
Expenses $160,123 · Revenue $283,464
As filed on the 2023 return.
Listed in Part VII
-
Elisabeth SettenELISABETH SETTEN
EXEC DIR
- Total calculated
- $134,712
- From this org
- $134,712
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Will ToftWILL TOFT
President
- Total calculated
- $0
- Hours/week
- 2
-
Tobi LessomTOBI LESSOM
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Terry LofranoTERRY LOFRANO
Director
- Total calculated
- $0
- Hours/week
- 1
-
Irene Bee KainIRENE BEE KAIN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rachel StaudtRACHEL STAUDT
Secretary
- Total calculated
- $0
- Hours/week
- 1
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
- 2023
- Filed
- 17 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202421699349301647
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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