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Nonprofiteer
← TRANSART AND CULTURAL SERVICES INC

Form 990 for tax year 2022

Filed by TRANSART AND CULTURAL SERVICES INC.

What the amendment changed

Compared with the return it replaced , filed 15 November 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) 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
$720,531 changed to $863,896
Total expenses
$359,394 changed to $368,554
Contributions and grants received
$689,880 changed to $832,383
Program service revenue
$27,320 changed to $28,274
Other revenue
$2,350 changed to $2,258
Total assets, end of year
$3,077,036 changed to $3,221,631
Total liabilities, end of year
$22,580 changed to $33,380
Net assets or fund balances, end of year
$3,054,456 changed to $3,188,251
Program services expenses
$300,313 changed to $305,284
Management and general expenses
$59,081 changed to $63,270
Program service expenses (Part III)
$300,313 changed to $305,284

Totals

Total revenue
$863,896
Total expenses
$368,554
Contributions and grants received
$832,383
Grants paid
$0
Program service revenue
$28,274
Investment income
$981
Other revenue
$2,258
Total assets, end of year
$3,221,631
Total liabilities, end of year
$33,380
Net assets or fund balances, end of year
$3,188,251
Program services expenses (Part IX)
$305,284
Management and general expenses
$63,270
Fundraising expenses
$0
Program service expenses (Part III)
$305,284

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.

  • 1e · Government grants (contributions)

    $239,500

  • 1f · All other contributions, gifts and grants

    $592,883

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $28,274 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $981 · unrelated business $0 · excluded $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,258 · related or exempt $2,258 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,258

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $133,954 · program services $93,768 · management and general $40,186 · fundraising $0

  • 10 · Payroll taxes

    total $11,503 · program services $8,052 · management and general $3,451 · fundraising $0

  • 11c · Fees: accounting

    total $17,470 · program services $17,470 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $50,158 · program services $50,158 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $9,820 · program services $9,820 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $5,632 · program services $3,299 · management and general $2,333 · fundraising $0

  • 16 · Occupancy

    total $7,585 · program services $1,272 · management and general $6,313 · fundraising $0

  • 17 · Travel

    total $4,083 · program services $4,083 · management and general $0 · fundraising $0

  • 20 · Interest

    total $553 · program services $0 · management and general $553 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $923 · program services $0 · management and general $923 · fundraising $0

  • 23 · Insurance

    total $2,529 · program services $0 · management and general $2,529 · fundraising $0

  • 24a · Other expenses: STORAGE

    total $3,499 · program services $3,499 · management and general $0 · fundraising $0

  • 24b · Other expenses: ARTIST FEES

    total $68,050 · program services $68,050 · management and general $0 · fundraising $0

  • 24c · Other expenses: EQUIPMENT RENTAL, MAINTENANCE AND REPAIRS

    total $17,431 · program services $17,431 · management and general $0 · fundraising $0

  • 24d · Other expenses: PROGRAM EXPENSES

    total $15,050 · program services $15,050 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $20,314 · program services $13,332 · management and general $6,982 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $737,051 · end of year $697,323

  • 2 · Savings and temporary cash investments

    beginning of year $14,495 · end of year $33,305

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $142,500

  • 4 · Accounts receivable

    beginning of year $3,600 · end of year $3,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $359

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

    $2,350,581

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

    $5,837

  • 10c · Land, buildings and equipment, net

    beginning of year $1,950,123 · end of year $2,344,744

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,360 · end of year $33,380

  • 27 · Net assets without donor restrictions

    beginning of year $2,070,073 · end of year $2,878,459

  • 28 · Net assets with donor restrictions

    beginning of year $622,836 · end of year $309,792

Mission and programs · 2022

Mission

TO PREPARE, ORGANIZE AND PROMOTE ARTISTIC EXHIBITIONS AND PERFORMANCES, WHETHER VISUAL ART, MUSIC.

  • PROMOTION OF ARTISTIC EXHIBITIONS AND PERFORMANCES INCLUDING JAZZ IN THE VALLEY.

    Expenses $305,284 · Revenue $28,274

As filed on the 2022 return.

Listed in Part VII

  • Gregory Simpson

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Teryl Mickens

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jeff Koshmacher

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Lisa Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Curtis Njue Murungi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sherwood Phizer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Reginald Martin Crenshaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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 November 2023
IRS schema version
2022v5.0
Source object
202431839349300123

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