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Nonprofiteer
← SILVER LINING ARTS FOUNDATION INC

Form 990 for tax year 2023

Filed by SILVER LINING ARTS FOUNDATION INC.

Totals

Total revenue
$458,468
Total expenses
$450,548
Contributions and grants received
$74,441
Grants paid
$0
Program service revenue
$402,874
Investment income
$637
Other revenue
-$19,484
Total assets, end of year
$165,591
Total liabilities, end of year
$102,524
Net assets or fund balances, end of year
$63,067
Program services expenses (Part IX)
$389,755
Management and general expenses
$60,793
Fundraising expenses
$0
Program service expenses (Part III)
$389,755

Program services were 86.5% 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.

  • 1f · All other contributions, gifts and grants

    $74,441

  • 2a · Program service revenue: Dance Instruction and Dance related activities

    total $402,874 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $6 · unrelated business $0 · excluded $6

  • 7a · Gross sales of assets other than inventory

    other assets $5,950

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

    other assets $5,319

  • 7c · Gain or loss

    other assets $631

  • 7d · Net gain or loss

    total $631 · related or exempt $0 · unrelated business $0 · excluded $631

  • 8a · Fundraising events: gross income

    $2,676

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $1,983

  • 8c · Net income from fundraising events

    total $693 · unrelated business $0 · excluded $693

  • 10a · Gross sales of inventory

    $80,459

  • 10b · Cost of goods sold

    $100,636

  • 10c · Net income from sales of inventory

    total -$20,177 · related or exempt -$20,177

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $108,032 · program services $62,582 · management and general $45,450 · fundraising $0

  • 7 · Other salaries and wages

    total $116,259 · program services $116,259 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $17,158 · program services $13,681 · management and general $3,477 · fundraising $0

  • 11b · Fees: legal

    total $1,743 · program services $0 · management and general $1,743 · fundraising $0

  • 11c · Fees: accounting

    total $5,528 · program services $0 · management and general $5,528 · fundraising $0

  • 12 · Advertising and promotion

    total $2,645 · program services $2,645 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $8,916 · program services $7,221 · management and general $1,695 · fundraising $0

  • 14 · Information technology

    total $4,690 · program services $1,790 · management and general $2,900 · fundraising $0

  • 16 · Occupancy

    total $107,786 · program services $107,786 · management and general $0 · fundraising $0

  • 17 · Travel

    total $14,423 · program services $14,423 · management and general $0 · fundraising $0

  • 20 · Interest

    total $10,238 · program services $10,238 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $7,643 · program services $7,643 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $1,443 · program services $1,443 · management and general $0 · fundraising $0

  • 24a · Other expenses: Auto Expenses

    total $6,316 · program services $6,316 · management and general $0 · fundraising $0

  • 24b · Other expenses: Education

    total $2,588 · program services $2,588 · management and general $0 · fundraising $0

  • 24c · Other expenses: Bank Charges

    total $2,210 · program services $2,210 · management and general $0 · fundraising $0

  • 24d · Other expenses: Franchise & Dues

    total $3,125 · program services $3,125 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $29,805 · program services $29,805 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,101 · end of year -$2,581

  • 2 · Savings and temporary cash investments

    beginning of year $5,541

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,953 · end of year $20,337

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

    $144,806

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

    $7,643

  • 10c · Land, buildings and equipment, net

    end of year $137,163

  • 12 · Investments: other securities

    beginning of year $14,992 · end of year $9,672

  • 15 · Other assets

    end of year $1,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,440 · end of year $47,114

  • 23 · Secured mortgages and notes payable

    end of year $55,410

  • 27 · Net assets without donor restrictions

    beginning of year $55,147 · end of year $63,067

Mission and programs · 2023

Mission

A Christ-centered performing arts center committed to excellence in dance education, superior instruction, & creating a safe environment that encourages the growth of the dancer in technique, heart, and soul.

  • Creating a flourishing Christ-centered arts environment in SC

    Expenses $389,755 · Revenue $402,874

As filed on the 2023 return.

Listed in Part VII

  • Laura N Branfuhr

    President

    Total calculated
    $56,442
    From this org
    $0
    From related orgs
    $56,442
    Other
    $0
    Hours/week
    25
  • Whitney Neeves

    Treasurer

    Total calculated
    $39,448
    From this org
    $0
    From related orgs
    $39,448
    Other
    $0
    Hours/week
    50
  • Steven Neeves

    Director

    Total calculated
    $0
    Hours/week
    0
  • Jonathan Shanks

    Director

    Total calculated
    $0
    Hours/week
    0
  • Kenny Vandergrift

    Director

    Total calculated
    $0
    Hours/week
    0
  • Justin Branfuhr

    Director

    Total calculated
    $0
    Hours/week
    0
  • Jamia Richmond

    Director

    Total calculated
    $0
    Hours/week
    0
  • Obea Alverson

    Director

    Total calculated
    $0
    Hours/week
    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
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349312292

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