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Nonprofiteer
← SEMANS ART FUND

Form 990 for tax year 2022

Filed by SEMANS ART FUND.

Totals

Total revenue
$66,819
Total expenses
$161,130
Contributions and grants received
$0
Grants paid
$114,607
Program service revenue
$0
Investment income
$66,819
Other revenue
$0
Total assets, end of year
$5,129,613
Total liabilities, end of year
$22,982
Net assets or fund balances, end of year
$5,106,631
Program services expenses (Part IX)
$114,607
Management and general expenses
$46,523
Fundraising expenses
$0
Program service expenses (Part III)
$114,607

Program services were 71.1% 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.

  • 3 · Investment income

    total $66,819 · excluded $66,819

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 2 · Grants to domestic individuals

    total $94,607 · program services $94,607

  • 11c · Fees: accounting

    total $7,050 · management and general $7,050

  • 11f · Fees: investment management

    total $19,030 · management and general $19,030

  • 23 · Insurance

    total $1,281 · management and general $1,281

  • 24a · Other expenses: ADMINISTRATIVE COSTS

    total $16,082 · management and general $16,082

  • 24b · Other expenses: MEETING COSTS AND SUPPL

    total $2,121 · management and general $2,121

  • 24c · Other expenses: BANK FEES

    total $959 · management and general $959

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $161,480 · end of year $418,720

  • 2 · Savings and temporary cash investments

    beginning of year $548,066

  • 11 · Investments: publicly traded securities

    beginning of year $4,315,687 · end of year $4,710,893

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,711 · end of year $22,982

  • 27 · Net assets without donor restrictions

    beginning of year $2,784,803 · end of year $2,805,095

  • 28 · Net assets with donor restrictions

    beginning of year $2,192,719 · end of year $2,301,536

Mission and programs · 2022

Mission

TO AID AND SUPPORT STUDENTS AND PROGRAMS OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS.

Activities or mission (Part I)

TO AID AND SUPPORT STUDENTS AND PROGRAMS OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS

  • THE SEMANS ART FUND'S PRIMARY OBJECTIVE IS TO PROVIDE FINANCIAL ASSISTANCE TO AID AND PROMOTE THE CURRICULAR AND SPECIAL PROGRAMS OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS IN THE CONCENTRATIONS OF MUSIC, DRAMA, DANCE, FILMMAKING, AND STAGE DESIGN AND PRODUCTION.

    Expenses $114,607 · Grants $114,607

As filed on the 2022 return.

Listed in Part VII

  • Matthew C Harris

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Beth C Lucas

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David R Snider

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David Winslow

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Langs

    BOARD MEMBER

    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

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.

  • UNIVERSITY OF NC SCHOOL OF THE ARTS

    501(C)(3) · PUBLIC UNIVERSITY · NC

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349319537

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