Totals
- Total revenue
- $79,021
- Total expenses
- $210,531
- Contributions and grants received
- $140,906
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- -$19,970
- Other revenue
- -$41,915
- Total assets, end of year
- $12,167,473
- Total liabilities, end of year
- $2,600,691
- Net assets or fund balances, end of year
- $9,566,782
- Program services expenses (Part IX)
- $62,333
- Management and general expenses
- $25,753
- Fundraising expenses
- $122,445
- Program service expenses (Part III)
- $62,333
Program services were 29.6% 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.
-
1c · Fundraising events
$17,006
-
1f · All other contributions, gifts and grants
$123,900
-
1g · Noncash contributions included above
$2,083
-
3 · Investment income
total $105,740 · excluded $105,740
-
7a · Gross sales of assets other than inventory
securities $1,916,446
-
7b · Less cost or other basis and sales expenses
securities $2,042,156
-
7c · Gain or loss
securities -$125,710
-
7d · Net gain or loss
total -$125,710 · excluded -$125,710
-
8a · Fundraising events: gross income
$4,068
-
8a · Fundraising events: contributions included on line 1c
$17,006
-
8b · Fundraising events: direct expenses
$4,068
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: PARTNERSHIP LOSS
total -$41,915 · excluded -$41,915
-
11e · Other revenue, total
-$41,915
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $112,708 · fundraising $112,708
-
10 · Payroll taxes
total $7,715 · fundraising $7,715
-
11c · Fees: accounting
total $400 · management and general $400
-
11f · Fees: investment management
total $23,499 · management and general $23,499
-
13 · Office expenses
total $679 · management and general $679
-
21 · Payments to affiliates
total $62,333 · program services $62,333
-
24a · Other expenses: PRODUCTION
total $2,022 · fundraising $2,022
-
24b · Other expenses: BAD DEBT EXPENSE
total $1,000 · management and general $1,000
-
24c · Other expenses: MISCELLANEOUS
total $175 · management and general $175
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $285,199 · end of year $299,712
-
3 · Pledges and grants receivable
beginning of year $60,000 · end of year $35,000
-
4 · Accounts receivable
beginning of year $8,500 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $4,445,162 · end of year $3,820,252
-
12 · Investments: other securities
beginning of year -$124,665 · end of year -$166,580
-
15 · Other assets
beginning of year $8,587,862 · end of year $8,179,089
-
17 · Accounts payable and accrued expenses
beginning of year $22,110 · end of year $8,097
-
25 · Other liabilities
beginning of year $2,724,139 · end of year $2,592,594
-
27 · Net assets without donor restrictions
beginning of year $8,981,943 · end of year $8,307,569
-
28 · Net assets with donor restrictions
beginning of year $1,533,866 · end of year $1,259,213
Mission and programs · 2022
Mission
COLLECT AND MANAGE DONATIONS AND TO SUPPORT ARTSQUEST.
Activities or mission (Part I)
TO COLLECT AND MANAGE DONATIONS AND TO SUPPORT ARTSQUEST AND THEIR PROGRAMS.
-
TO DEVELOP A PLANNED GIVING PROGRAM TO SUPPORT ARTSQUEST; ENCOURAGE LONG-TERM FINANCIAL SUPPORT FOR ARTSQUEST; MANAGE AND INVEST THE FUNDS CONTRIBUTED TO THE FOUNDATION; MAKE DONATIONS TO ARTSQUEST TO SUPPORT ITS PROGRAMS.
Expenses $62,333
As filed on the 2022 return.
Listed in Part VII
-
SELENA L LAVONIER
EXECUTIVE DIRECTOR
- Total calculated
- $112,708
- From this org
- $100,860
- From related orgs
- $0
- Other
- $11,848
- Hours/week
- 40
-
TOM RIDDLE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL PERRUCCI
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JOSEPH PIETRANTONIO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
JASON CORT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
DAVID LOBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN SCHUPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANTHONY CARFAGNO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT OSTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN GAGGE
DIRECTOR
- 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.
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.
-
501(C)(3) · PROMOTE PUBLIC APPRECIATION FOR THE ARTS · PA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
UNRELATED · MEDIA · PA · 49.5% owned · share of income -$41,915 · share of assets -$166,580
Directly controlled by ARTSQUEST
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303179349301595
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