Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $47,954

• 1f · All other contributions, gifts and grants

  $981,708

• 1g · Noncash contributions included above

  $2,894

• 2a · Program service revenue: SALE OF HEARTBOARDS

  total $30,698 · related or exempt $30,698

• 3 · Investment income

  total $23,494 · related or exempt $23,494

• 6a · Gross rents

  real property $47,268

• 6c · Rental income or loss

  real property $47,268

• 6d · Net rental income or loss

  total $47,268 · excluded $47,268

• 7a · Gross sales of assets other than inventory

  securities $297,099

• 7b · Less cost or other basis and sales expenses

  securities $334,868

• 7c · Gain or loss

  securities -$37,769

• 7d · Net gain or loss

  total -$37,769

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,073 · program services $2,073

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $183,897 · program services $110,338 · management and general $55,169 · fundraising $18,390

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $236,761 · program services $228,395 · management and general $8,366

• 8 · Pension plan contributions

  total $30,022 · program services $24,175 · management and general $4,534 · fundraising $1,313

• 9 · Other employee benefits

  total $9,073 · program services $7,306 · management and general $1,370 · fundraising $397

• 10 · Payroll taxes

  total $34,123 · program services $28,092 · management and general $4,539 · fundraising $1,492

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $0

• 11c · Fees: accounting

  total $39,889 · program services $12,154 · management and general $27,735

• 11d · Fees: lobbying

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $0

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $29,403 · program services $27,040 · management and general $2,363

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $56,346 · program services $51,817 · management and general $4,529

• 17 · Travel

  total $72,898 · program services $72,898

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $28,962 · program services $26,634 · management and general $2,328

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $59,727 · program services $54,926 · management and general $4,801

• 23 · Insurance

  total $6,196 · management and general $6,196

• 24a · Other expenses: PAINTING KITS AND SUPPLIES

  total $158,472 · program services $158,472

• 24b · Other expenses: SHIPPING

  total $68,758 · program services $66,534 · management and general $1,112 · fundraising $1,112

• 24c · Other expenses: BANKING AND FINANCE CHARGES

  total $25,813 · management and general $25,813

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $4,992 · program services $4,992

• 24e · All other expenses

  total $6,128 · program services $1,318 · management and general $4,810

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $114,337 · end of year $213,086

• 3 · Pledges and grants receivable

  beginning of year $10,915 · end of year $102,216

• 8 · Inventories for sale or use

  beginning of year $189,321 · end of year $176,307

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

  $1,523,039

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

  $256,907

• 10c · Land, buildings and equipment, net

  beginning of year $1,304,207 · end of year $1,266,132

• 11 · Investments: publicly traded securities

  beginning of year $1,188,211 · end of year $909,603

• 15 · Other assets

  beginning of year $629 · end of year $2,649

• 17 · Accounts payable and accrued expenses

  beginning of year $35,352 · end of year $17,669

• 23 · Secured mortgages and notes payable

  beginning of year $697,959 · end of year $679,847

• 25 · Other liabilities

  end of year $3,563

• 27 · Net assets without donor restrictions

  beginning of year $1,991,087 · end of year $1,834,706

• 28 · Net assets with donor restrictions

  beginning of year $83,222 · end of year $134,208

The filer's explanations (Part III)

Part I Line 1A

THE FOUNDATION PAYS RENT FOR PROPERTY OWNED BY THE EXECUTIVE DIRECTOR FOR ADDITIONAL OFFICE AND STUDIO SPACE.