Form 990 for tax year 2023
Filed by BURLINGTON CITY ARTS FOUNDATION INC.
Totals
- Total revenue
- $3,517,189
- Total expenses
- $703,695
- Contributions and grants received
- $3,478,815
- Grants paid
- $669,431
- Program service revenue
- $0
- Investment income
- $24,585
- Other revenue
- $13,789
- Total assets, end of year
- $6,974,965
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $6,974,965
- Program services expenses (Part IX)
- $673,601
- Management and general expenses
- $11,831
- Fundraising expenses
- $18,263
- Program service expenses (Part III)
- $673,601
Program services were 95.7% 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
$65,640
-
1e · Government grants (contributions)
$1,278,447
-
1f · All other contributions, gifts and grants
$2,134,728
-
1g · Noncash contributions included above
$5,699
-
3 · Investment income
total $24,384 · excluded $24,384
-
7a · Gross sales of assets other than inventory
securities $5,900
-
7b · Less cost or other basis and sales expenses
securities $5,699
-
7c · Gain or loss
securities $201
-
7d · Net gain or loss
total $201 · excluded $201
-
8a · Fundraising events: gross income
$78,407
-
8a · Fundraising events: contributions included on line 1c
$65,640
-
8b · Fundraising events: direct expenses
$64,618
-
8c · Net income from fundraising events
total $13,789 · excluded $13,789
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $624,081 · program services $624,081
-
2 · Grants to domestic individuals
total $27,850 · program services $27,850
-
3 · Grants to foreign organizations and individuals
total $17,500 · program services $17,500
-
11c · Fees: accounting
total $5,144 · management and general $5,144
-
11g · Fees: other
total $5,057 · program services $488 · fundraising $4,569
-
12 · Advertising and promotion
total $392 · program services $392
-
13 · Office expenses
total $4,173 · program services $128 · management and general $952 · fundraising $3,093
-
14 · Information technology
total $142 · management and general $142
-
17 · Travel
total $150 · management and general $150
-
19 · Conferences, conventions and meetings
total $2,779 · program services $1,174 · management and general $141 · fundraising $1,464
-
22 · Depreciation, depletion and amortization
total $3,803 · management and general $3,803
-
23 · Insurance
total $1,499 · management and general $1,499
-
24a · Other expenses: CATERING
total $11,125 · program services $1,988 · fundraising $9,137
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $70,512 · end of year $131,908
-
2 · Savings and temporary cash investments
beginning of year $1,348,566 · end of year $1,909,638
-
10a · Land, buildings and equipment: cost or other basis
$43,234
-
10b · Land, buildings and equipment: accumulated depreciation
$12,737
-
10c · Land, buildings and equipment, net
beginning of year $30,036 · end of year $30,497
-
13 · Investments: program-related
beginning of year $2,433,507 · end of year $4,626,496
-
15 · Other assets
beginning of year $277,177 · end of year $276,426
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $4,159,798 · end of year $6,974,965
Mission and programs · 2023
Mission
TO SUPPORT BURLINGTON CITY ARTS' ACTIVITIES AND PROGRAMS, AND TO SUPPORT VERMONT ARTISTS.
-
THE BCA FOUNDATION RAISED FUNDS TO SUPPORT THE RENOVATIONS OF A BUILDING AT 405 PINE STREET TO CREATE MORE AFFORDABLE ART SPACE IN BURLINGTON. BCAF ALSO RAISED FUNDS TO SUPPORT THE WORK OF BURLINGTON CITY ARTS, PROVIDED GRANT FUNDING FOR ARTISTS AND ORGANIZATIONS WITH AN ARTS MISSION, AND AWARDED ARTS PRIZES TO VERMONT ARTISTS.
Expenses $673,601 · Grants $669,431
As filed on the 2023 return.
Listed in Part VII
-
Doug GriswoldDOUG GRISWOLD
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Billi GoshBILLI GOSH
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Michael MetzMICHAEL METZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Doreen KraftDOREEN KRAFT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Barbara PerryBARBARA PERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeffry GlassbergJEFFRY GLASSBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra BerbecoSANDRA BERBECO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Greg DanfordGREG DANFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Amanda HemleyAMANDA HEMLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jen KauliusJEN KAULIUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie WonJULIE WON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
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
-
CITY OF BURLINGTON
$622,831
ARTS PROGRAMS
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
405 INVESTMENT CORPORATION
C · RENTAL · VT · 100% owned · share of income -$55,087 · share of assets $5,798,479 · controlled entity
Directly controlled by BURLINGTON CITY ARTS FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413189349301991
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