Form 990 for tax year 2022
Filed by BLOSSOM CHARITABLE FOUNDATION INC.
Totals
- Total revenue
- $268,585
- Total expenses
- $333,683
- Contributions and grants received
- $116,475
- Grants paid
- $1,500
- Program service revenue
- $152,110
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $83,948
- Total liabilities, end of year
- $132,619
- Net assets or fund balances, end of year
- -$48,671
- Program services expenses (Part IX)
- $328,787
- Management and general expenses
- $4,896
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $328,787
Program services were 98.5% 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.
-
1e · Government grants (contributions)
$57,125
-
1f · All other contributions, gifts and grants
$59,350
-
2a · Program service revenue: TICKET SALES
total $105,025 · related or exempt $105,025
-
2b · Program service revenue: BEVERAGE SALES
total $33,249 · related or exempt $33,249
-
2c · Program service revenue: FESTIVAL SALES
total $13,836 · related or exempt $13,836
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,500 · program services $1,500
-
11c · Fees: accounting
total $3,500 · management and general $3,500
-
12 · Advertising and promotion
total $47,195 · program services $47,195
-
13 · Office expenses
total $1,396 · management and general $1,396
-
17 · Travel
total $6,178 · program services $6,178
-
23 · Insurance
total $5,928 · program services $5,928
-
24a · Other expenses: PRODUCTION: TALENT
total $130,000 · program services $130,000
-
24b · Other expenses: PATRON: CATERING
total $28,941 · program services $28,941
-
24c · Other expenses: PRODUCTION: STAGE RENTAL
total $27,918 · program services $27,918
-
24d · Other expenses: VENUE: FENCING
total $13,422 · program services $13,422
-
24e · All other expenses
total $67,705 · program services $67,705
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $43,430 · end of year $20,975
-
4 · Accounts receivable
beginning of year $44,389 · end of year $58,177
-
10a · Land, buildings and equipment: cost or other basis
$4,796
-
10c · Land, buildings and equipment, net
end of year $4,796
-
17 · Accounts payable and accrued expenses
beginning of year $71,392 · end of year $132,619
-
27 · Net assets without donor restrictions
beginning of year $16,427 · end of year -$48,671
Mission and programs · 2022
Mission
THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO NURTURE THE CULTURE OF LAKE WALES BY PRESENTING A SPECTACULAR GATHERING OF MUSICIANS AND PERFORMERS THAT LEADS TO A GREATER AWARENESS AND SUPPORTS LAKE WALES ARTS AND RECREATION PROGRAMMING THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS THAT QUALIFY AS AN EXEMPT ORGANIZATION UNDER 501 (C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
-
WE'VE BEEN DEDICATED TO ENRICHING THE CULTURE OF LAKE WALES BY SHOWCASING AN IMPRESSIVE ARRAY OF MUSICIANS AND PERFORMERS, FOSTERING INCREASED CULTURAL AWARENESS. THESE EVENTS ARE MORE THAN JUST CELEBRATIONS; THEY'RE INVESTMENTS IN OUR COMMUNITY'S FUTURE. THE PROCEEDS ARE CHANNELED INTO VITAL COMMUNITY SERVICES, INCLUDING TUTORING, ARTS EDUCATION, AND RECREATIONAL ACTIVITIES, DIRECTLY ADDRESSING THE GAPS IN OUR PUBLIC SCHOOL SYSTEM'S OFFERINGS. OUR MISSION IS TO MAKE A TANGIBLE DIFFERENCE BY ENSURING EVERY CHILD HAS ACCESS TO PROGRAMS THAT BROADEN THEIR PERSPECTIVES AND ENHANCE THEIR GROWTH. HOWEVER, IT'S IMPORTANT TO ACKNOWLEDGE THE CHALLENGES WE'VE FACED, NOTABLY THE DECREASED ATTENDANCE DUE TO HURRICANE IRMA AND COVID-19, WHICH HAS LED TO A FINANCIAL SHORTFALL. DESPITE THESE OBSTACLES, OUR COMMITMENT TO CREATING A MORE VIBRANT, EDUCATED, AND JOYFUL LAKE WALES REMAINS UNWAVERING.
Expenses $328,787 · Grants $1,500
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Carlie W CosceCARLIE W COSCE
SECRETARY/TR
- Total calculated
- $0
-
John Reid HardmanJOHN REID HARDMAN
VICE PRESIDE
- Total calculated
- $0
-
Roger A Ingley JrROGER A INGLEY JR
PRESIDENT
- Total calculated
- $0
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
- 15 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400469349302515
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