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Nonprofiteer
← THE PERFORMING ARTS STUDIO INC

Form 990 for tax year 2023

Filed by THE PERFORMING ARTS STUDIO INC.

Totals

Total revenue
$142,842
Total expenses
$175,069
Contributions and grants received
$143,641
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$799
Total assets, end of year
$28,769
Total liabilities, end of year
$2,972
Net assets or fund balances, end of year
$25,797
Program services expenses (Part IX)
$175,069
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$175,069

Program services were 100.0% 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.

  • 1b · Membership dues

    $12,924

  • 1e · Government grants (contributions)

    $25,120

  • 1f · All other contributions, gifts and grants

    $105,597

  • 10b · Cost of goods sold

    $799

  • 10c · Net income from sales of inventory

    total -$799 · related or exempt -$799

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $15,750 · program services $15,750

  • 7 · Other salaries and wages

    total $56,877 · program services $56,877

  • 10 · Payroll taxes

    total $5,807 · program services $5,807

  • 11c · Fees: accounting

    total $1,545 · program services $1,545

  • 11g · Fees: other

    total $3,835 · program services $3,835

  • 12 · Advertising and promotion

    total $164 · program services $164

  • 13 · Office expenses

    total $9,750 · program services $9,750

  • 17 · Travel

    total $1,980 · program services $1,980

  • 19 · Conferences, conventions and meetings

    total $1,228 · program services $1,228

  • 23 · Insurance

    total $14,789 · program services $14,789

  • 24a · Other expenses: ARTISIT COMMISSIONS

    total $15,957 · program services $15,957

  • 24b · Other expenses: ARTISIT FEES

    total $20,518 · program services $20,518

  • 24c · Other expenses: PROGRAM COST

    total $12,458 · program services $12,458

  • 24d · Other expenses: SUBSCRIPTIONS

    total $610 · program services $610

  • 24e · All other expenses

    total $13,801 · program services $13,801

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,565 · end of year $13,489

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

    $12,625

  • 10c · Land, buildings and equipment, net

    beginning of year $11,350 · end of year $12,625

  • 15 · Other assets

    end of year $2,655

  • 19 · Deferred revenue

    beginning of year -$21,009

  • 25 · Other liabilities

    beginning of year $1,900 · end of year $2,972

  • 27 · Net assets without donor restrictions

    beginning of year $58,024 · end of year $25,797

Mission and programs · 2023

Mission

CREATE AND/OR PRESENT EXCELLENT FINE ART.

  • GALLEY EXHIBITIONS HELD AR THE DEPOT ALLOWS THE GENERAL PUBLIC TO VIEW WORKS OF LOCAL ARTISTIS. ART WORK ROTATES THROUGHTOUT THE YEAR

    Expenses $175,069 · Revenue $143,641

As filed on the 2023 return.

Listed in Part VII

  • Danielle Tipton

    EVENTS COORDINATOR

    Total calculated
    $0
    Hours/week
    20

  • Shari Jackson

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • Galadriel Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Don Schooler

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Mark McClellan

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Bianca Gordon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Niki Leonard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gabee Rolla Danley

    SECRETRAY

    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
2023
Filed
14 October 2024
IRS schema version
2023v5.1
Source object
202402899349301795

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