Form 990 for tax year 2023
Filed by MANSHIP ARTIST RESIDENCE AND STUDIOS INC.
Totals
- Total revenue
- $265,016
- Total expenses
- $258,738
- Contributions and grants received
- $260,232
- Grants paid
- $27,152
- Program service revenue
- $0
- Investment income
- $4,584
- Other revenue
- $200
- Total assets, end of year
- $984,666
- Total liabilities, end of year
- $215,614
- Net assets or fund balances, end of year
- $769,052
- Program services expenses (Part IX)
- $154,964
- Management and general expenses
- $83,602
- Fundraising expenses
- $20,172
- Program service expenses (Part III)
- $154,964
Program services were 59.9% 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.
-
1e · Government grants (contributions)
$51,525
-
1f · All other contributions, gifts and grants
$208,707
-
3 · Investment income
total $4,543 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $200
-
6c · Rental income or loss
real property $200
-
6d · Net rental income or loss
total $200 · related or exempt $200
-
7a · Gross sales of assets other than inventory
securities $41
-
7c · Gain or loss
securities $41
-
7d · Net gain or loss
total $41 · related or exempt $41 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $26,652 · program services $26,652
-
2 · Grants to domestic individuals
total $500 · program services $500
-
5 · Compensation of officers, directors and key employees
total $53,584 · program services $0 · management and general $53,584 · fundraising $0
-
7 · Other salaries and wages
total $3,706 · program services $0 · management and general $3,706 · fundraising $0
-
10 · Payroll taxes
total $4,491 · program services $0 · management and general $4,491 · fundraising $0
-
11b · Fees: legal
total $15,863 · program services $0 · management and general $15,863 · fundraising $0
-
11c · Fees: accounting
total $3,650 · program services $0 · management and general $3,650 · fundraising $0
-
11e · Fees: professional fundraising services
total $20,172 · fundraising $20,172
-
17 · Travel
total $953 · program services $953 · management and general $0 · fundraising $0
-
20 · Interest
total $13,907 · program services $13,907 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $21,907 · program services $21,907 · management and general $0 · fundraising $0
-
23 · Insurance
total $17,546 · program services $17,546 · management and general $0 · fundraising $0
-
24a · Other expenses: TAXES AND LICENSES
total $91 · program services $91 · management and general $0 · fundraising $0
-
24b · Other expenses: SUPPLIES
total $2,154 · program services $2,154 · management and general $0 · fundraising $0
-
24c · Other expenses: UTILITIES
total $13,820 · program services $13,820 · management and general $0 · fundraising $0
-
24d · Other expenses: PAYPAL & MERCHANT FEES
total $19 · program services $19 · management and general $0 · fundraising $0
-
24e · All other expenses
total $59,723 · program services $57,415 · management and general $2,308 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $172,777 · end of year $140,307
-
10a · Land, buildings and equipment: cost or other basis
$979,939
-
10b · Land, buildings and equipment: accumulated depreciation
$135,580
-
10c · Land, buildings and equipment, net
beginning of year $809,463 · end of year $844,359
-
17 · Accounts payable and accrued expenses
beginning of year $2,229 · end of year $1,556
-
23 · Secured mortgages and notes payable
beginning of year $217,359 · end of year $214,058
-
27 · Net assets without donor restrictions
beginning of year $762,652 · end of year $769,052
Mission and programs · 2023
Mission
TO ENRICH THE CREATIVE AND CULTURAL HERITAGE OF CAPE ANN AND CONTINUE ITS TRADITION AS A PLACE DEDICATED TO COMMUNITY AND ART-MAKING BY OFFERING SUSTAINABLE PROGRAMMING
-
THE PRESERVATION OF THE ESTATE OF SCULPTOR PAUL MANSHIP AS A BENEFIT TO THE COMMUNITY AND TO VISITORS TO CAPE ANN AND ESPECIALLY, OF ARTISTS.
Expenses $154,964 · Revenue $260,432
As filed on the 2023 return.
Listed in Part VII
-
Rebecca ReynoldsREBECCA REYNOLDS
EXECUTIVE DIRECTOR
- Total calculated
- $38,000
- From this org
- $38,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Jo-Ann CastanoJO-ANN CASTANO
BOARD CHAIR - ACTING SECRETARY
- Total calculated
- $0
- Hours/week
- 30
-
Matthew BabsonMATTHEW BABSON
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Betsy Whittey EsqBETSY WHITTEY ESQ
VICE BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Diana Natti TheriaultDIANA NATTI THERIAULT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Harry HoglanderHARRY HOGLANDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Ken KinnaKEN KINNA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Patricia RosenblattPATRICIA ROSENBLATT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Karen BirdKAREN BIRD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Fred GroffFRED GROFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
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
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501339349306070
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