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Nonprofiteer
← PRICE TOWER ARTS CENTER INC

Form 990 for tax year 2023

Filed by PRICE TOWER ARTS CENTER INC.

Totals

Total revenue
$440,580
Total expenses
$497,251
Contributions and grants received
$238,201
Grants paid
$0
Program service revenue
$137,729
Investment income
$15
Other revenue
$64,635
Total assets, end of year
$2,833,777
Total liabilities, end of year
$595,430
Net assets or fund balances, end of year
$2,238,347
Program services expenses (Part IX)
$457,837
Management and general expenses
$35,192
Fundraising expenses
$4,222
Program service expenses (Part III)
$457,837

Program services were 92.1% 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)

    $1,000

  • 1f · All other contributions, gifts and grants

    $237,201

  • 2a · Program service revenue: SPECIAL EVENTS

    total $116,913 · related or exempt $116,913

  • 2b · Program service revenue: ADMISSIONS & CLASS FEES

    total $16,754 · related or exempt $16,754

  • 2c · Program service revenue: MISCELLANEOUS INCOME

    total $3,062 · related or exempt $3,062

  • 2d · Program service revenue: MEMBERSHIP DUES

    total $1,000 · related or exempt $1,000

  • 3 · Investment income

    total $15 · excluded $15

  • 6a · Gross rents

    real property $50,078

  • 6c · Rental income or loss

    real property $50,078

  • 6d · Net rental income or loss

    total $50,078 · excluded $50,078

  • 10a · Gross sales of inventory

    $14,557

  • 10c · Net income from sales of inventory

    total $14,557 · related or exempt $14,557

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $133,928 · program services $133,928

  • 9 · Other employee benefits

    total $3,382 · program services $3,382

  • 10 · Payroll taxes

    total $12,079 · program services $12,079

  • 11a · Fees: management

    total $3,382 · program services $2,435 · management and general $846 · fundraising $101

  • 11c · Fees: accounting

    total $25,499 · program services $18,359 · management and general $6,375 · fundraising $765

  • 11g · Fees: other

    total $2,129 · program services $2,129

  • 12 · Advertising and promotion

    total $35,593 · program services $35,593

  • 13 · Office expenses

    total $558 · program services $558

  • 14 · Information technology

    total $3,222 · program services $3,222

  • 16 · Occupancy

    total $145,119 · program services $145,119

  • 20 · Interest

    total $6,822 · program services $6,822

  • 22 · Depreciation, depletion and amortization

    total $93,435 · program services $68,593 · management and general $22,181 · fundraising $2,661

  • 24a · Other expenses: PROGRAMS & EXHIBITS

    total $8,951 · program services $8,951

  • 24b · Other expenses: BANKING EXPENSES

    total $7,291 · program services $5,249 · management and general $1,823 · fundraising $219

  • 24c · Other expenses: MISCELLANEOUS

    total $5,266 · program services $3,791 · management and general $1,317 · fundraising $158

  • 24d · Other expenses: RENTAL/LEASE

    total $4,884 · program services $3,516 · management and general $1,221 · fundraising $147

  • 24e · All other expenses

    total $5,711 · program services $4,111 · management and general $1,429 · fundraising $171

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,655 · end of year $44,417

  • 2 · Savings and temporary cash investments

    beginning of year $9,304 · end of year $3,367

  • 4 · Accounts receivable

    beginning of year $2,907 · end of year $2,907

  • 7 · Other notes and loans receivable

    beginning of year $1,678,709 · end of year $1,731,620

  • 8 · Inventories for sale or use

    beginning of year $824 · end of year $824

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

    $4,030,005

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

    $2,999,679

  • 10c · Land, buildings and equipment, net

    beginning of year $1,123,761 · end of year $1,030,326

  • 11 · Investments: publicly traded securities

    beginning of year $64,514 · end of year $19,816

  • 15 · Other assets

    beginning of year $500 · end of year $500

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,277 · end of year $595,430

  • 25 · Other liabilities

    beginning of year $607,879

  • 27 · Net assets without donor restrictions

    beginning of year $2,295,018 · end of year $2,238,347

Mission and programs · 2023

Mission

TO PROVIDE LOCAL, REGIONAL AND NATIONAL AUDIENCES WITH A MUSEUM DEDICATED TO THE DISPLAY OF ART, ARCHITECTURE AND DESIGN; AND TO PRESERVE AND INTERPRET THE PRICE TOWER, FRANK LLOYD WRIGHT'S ONLY BUILT SKYSCRAPER.

  • PRICE TOWER ARTS CENTER PRESERVES AND INTERPRETS FRANK LLOYD WRIGHT'S PIONEERING EXPERIMENT IN SKYSCRAPER DESIGN. THE ARTS CENTER OFFERS A VARIETY OF FORMS OF INTERPRETATION FOR VISITORS TO LEARN FROM WRIGHT'S DESIGN. ITS ARCHIVES ARE OPEN TO THE PUBLIC FOR RESEARCH THROUGH THE ARCHITECTURE STUDY CENTER. PRICE TOWER ARTS CENTER PROVIDES YEAR-ROUND EXHIBITIONS AND EDUCATIONAL PROGRAMS FOR ALL AGES.

    Expenses $457,837 · Revenue $137,729

As filed on the 2023 return.

Listed in Part VII

  • Daniel Adams

    TRUSTEE

    Total calculated
    $0
  • Charlie Daniels

    SECRETARY

    Total calculated
    $0
  • Brad Doenges

    PRESIDENT

    Total calculated
    $0
  • Mark Haskell

    TREASURER

    Total calculated
    $0
  • Scott Holtz

    TRUSTEE

    Total calculated
    $0
  • Sheryl Kaufman

    TRUSTEE

    Total calculated
    $0
  • Sandra Kent

    TRUSTEE

    Total calculated
    $0
  • Scott Sabine

    TRUSTEE

    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
2023
Filed
30 August 2024
IRS schema version
2023v5.0
Source object
202433209349306413

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