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Nonprofiteer
← GUMA GUAM UNIQUE MERCHANDISE ART INC

Form 990 for tax year 2022

Filed by GUMA GUAM UNIQUE MERCHANDISE ART INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 22 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$952,191 changed to $454,967
Total expenses
$455,499 changed to $454,532
Contributions and grants received
$952,191 changed to $454,967
Total assets, end of year
$719,587 changed to $722,261
Total liabilities, end of year
$2,000 changed to $500,931
Net assets or fund balances, end of year
$717,587 changed to $221,330
Program services expenses
$432,591 changed to $431,623
Management and general expenses
$11,947 changed to $11,948
Program service expenses (Part III)
$432,591 changed to $431,623

Totals

Total revenue
$952,191
Total expenses
$455,499
Contributions and grants received
$952,191
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$719,587
Total liabilities, end of year
$2,000
Net assets or fund balances, end of year
$717,587
Program services expenses (Part IX)
$432,591
Management and general expenses
$11,947
Fundraising expenses
$10,961
Program service expenses (Part III)
$432,591

Program services were 95.0% 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)

    $948,141

  • 1f · All other contributions, gifts and grants

    $4,050

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $151,163 · program services $151,163 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $13,513 · program services $13,513 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $67,263 · program services $67,263 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $3,692 · program services $3,692 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $10,961 · fundraising $10,961

  • 12 · Advertising and promotion

    total $6,641 · program services $6,641 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $3,459 · program services $3,459 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $94,351 · program services $83,682 · management and general $10,669 · fundraising $0

  • 17 · Travel

    total $2,924 · program services $2,924 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $43,708 · program services $43,708 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $56,450 · program services $56,450 · management and general $0 · fundraising $0

  • 24a · Other expenses: Business meals

    total $596 · program services $0 · management and general $596 · fundraising $0

  • 24b · Other expenses: Miscellaneous

    total $125 · program services $96 · management and general $29 · fundraising $0

  • 24c · Other expenses: Bank fees

    total $653 · program services $0 · management and general $653 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $169,636 · end of year $563,538

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

    $235,094

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

    $79,045

  • 10c · Land, buildings and equipment, net

    beginning of year $57,759 · end of year $156,049

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,500 · end of year $2,000

  • 27 · Net assets without donor restrictions

    beginning of year $220,895 · end of year $717,587

Mission and programs · 2022

Mission

The primary purpose of the organization shall be to mentor, support, and develop aspiring local artists, cultural producers and entrepreneurs, transforming their creativity, skills, and innovative spirit into self-sustainable marketable product of the highest quality that are uniquely Guam.

  • I Bisinun Mami (IBM) Training & Program- condensed training geared specifically to home-based business startups.

    Expenses $218,386

  • IBM Microgrant Support Program that disburses $3,000 cash to IBM Training & Program graduates who apply for start-up funding

    Expenses $83,682

  • Incubator Program - grant opportunity for Training & Mentoring graduates who apply for capital investment from GUMA

    Expenses $130,523

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

Listed in Part VII

  • Marvin Manibusan

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Francis Guerrero

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Vincent C Camacho

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Matthew Cruz

    Finance Director

    Total calculated
    $0
    Hours/week
    1

  • Monica Guzman

    Executive Director

    Total calculated
    $0
    Hours/week
    28

  • Joann Camacho

    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
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202333119349304628

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