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Nonprofiteer
← ARC SALON FOUNDATION INC

Form 990 for tax year 2022

Filed by ARC SALON FOUNDATION INC.

Totals

Total revenue
$265,300
Total expenses
$222,300
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$265,300
Investment income
$0
Other revenue
$0
Total assets, end of year
$43,000
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$43,000
Program services expenses (Part IX)
$154,007
Management and general expenses
$31,883
Fundraising expenses
$36,410
Program service expenses (Part III)
$154,007

Program services were 69.3% 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.

  • 2a · Program service revenue: ART SALON

    total $265,300 · related or exempt $265,300

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $12,000 · management and general $12,000

  • 11g · Fees: other

    total $109,209 · program services $72,799 · fundraising $36,410

  • 12 · Advertising and promotion

    total $2,500 · management and general $2,500

  • 17 · Travel

    total $1,171 · management and general $1,171

  • 24a · Other expenses: PRIZES AWARDED

    total $81,208 · program services $81,208

  • 24b · Other expenses: BANK FEES

    total $16,212 · management and general $16,212

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $43,000

  • 27 · Net assets without donor restrictions

    end of year $43,000

  • 31 · Retained earnings, endowment or other funds

    end of year $0

Mission and programs · 2022

Mission

THE ARC SALON FOUNDATION IS DEDICATED TO HELPING REPRESENTATIONAL ARTISTS WHO UTILIZE TRADITIONAL TRAINING METHODS AND TECHNIQUES IN THE VISUAL ARTS GAIN EXPOSURE FOR THEIR WORK AND OFFER OPPORTUNITIES TO BUILD THEIR CAREERS THROUGH OUR WEBSITE AND PARTNERING ORGANIZATIONS. THE MAIN GOAL IS ALSO TO EDUCATE THE GENERAL PUBLIC ON TRADITIONAL ART AND TO SUPPORT HEALTHY AND POSITIVE FORMS OF INTERNATIONAL CULTURAL EXCHANGE.

Activities or mission (Part I)

THE ARC SALON FOUNDATION IS DEDICATED TO HELPING REPRESENTATIONAL ARTISTS WHO UTILIZE TRADITIONAL TRAINING METHODS AND TECHNIQUES IN THE VISUAL ARTS GAIN EXPOSURE FOR THEIR WORK AND OFFER OPPORTUNITIES TO BUILD THEIR CAREERS THROUGH OUR WEBSITE AND PARTNERING ORGANIZATIONS. THE GOAL IS ALSO TO EDUCATE THE GENERAL PUBLIC ON TRADITIONAL ART AND TO SUPPORT HEALTHY AND POSITIVE FORMS OF INTERNATIONAL CULTURAL EXCHANGE.

  • THE ORGANIZATION HELD A COMPETITION DEDICATED TO PAINTERS WHO PAINT IN THE REALISTIC TRADITION. THE ORGANIZATION ALSO PAIRED REALISTIC ARTISTS WITH ARTISTS FROM OTHER MODALITIES SUCH AS FASHION DESIGNERS, IN ORDER TO COLLABORATE.

    Expenses $154,007 · Revenue $265,300

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

Listed in Part VII

  • Fred Ross

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Kara Ross-Colon

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    30

  • Charlotte Ross

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Sean Colon

    TREASURER

    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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202431359349304923

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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