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Nonprofiteer
← TOLEDO CULTURAL ARTS CENTER INC

Form 990 for tax year 2022

Filed by TOLEDO CULTURAL ARTS CENTER INC.

Totals

Total revenue
$1,896,648
Total expenses
$2,077,047
Contributions and grants received
$681,734
Grants paid
$0
Program service revenue
$1,035,486
Investment income
$156,412
Other revenue
$23,016
Total assets, end of year
$8,693,481
Total liabilities, end of year
$133,336
Net assets or fund balances, end of year
$8,560,145
Program services expenses (Part IX)
$1,641,431
Management and general expenses
$342,770
Fundraising expenses
$92,846
Program service expenses (Part III)
$1,641,431

Program services were 79.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $53,678

  • 1c · Fundraising events

    $104,461

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $172,352

  • 1f · All other contributions, gifts and grants

    $351,243

  • 1g · Noncash contributions included above

    $213,017

  • 2a · Program service revenue: SHOW PRODUCTION

    total $662,554 · related or exempt $662,554 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: THEATRE OPERATIONS

    total $372,932 · related or exempt $372,932 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $204,551 · related or exempt $0 · unrelated business $0 · excluded $204,551

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $730,055 · other assets $0

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

    securities $778,194 · other assets $0

  • 7c · Gain or loss

    securities -$48,139 · other assets $0

  • 7d · Net gain or loss

    total -$48,139 · related or exempt $0 · unrelated business $0 · excluded -$48,139

  • 8a · Fundraising events: gross income

    $76,197

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

    $104,461

  • 8b · Fundraising events: direct expenses

    $131,786

  • 8c · Net income from fundraising events

    total -$55,589 · unrelated business $0 · excluded -$55,589

  • 10a · Gross sales of inventory

    $133,822

  • 10b · Cost of goods sold

    $55,217

  • 10c · Net income from sales of inventory

    total $78,605 · related or exempt $0 · unrelated business $0 · excluded $78,605

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $100,219 · program services $52,144 · management and general $23,939 · fundraising $24,136

  • 7 · Other salaries and wages

    total $643,340 · program services $482,793 · management and general $143,047 · fundraising $17,500

  • 8 · Pension plan contributions

    total $30,543 · program services $30,543 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $21,542 · program services $14,969 · management and general $6,573 · fundraising $0

  • 10 · Payroll taxes

    total $65,312 · program services $33,362 · management and general $15,820 · fundraising $16,130

  • 11a · Fees: management

    total $3,393 · program services $3,393 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $10,250 · program services $0 · management and general $10,250 · fundraising $0

  • 11f · Fees: investment management

    total $34,036 · program services $0 · management and general $34,036 · fundraising $0

  • 11g · Fees: other

    total $318,593 · program services $299,370 · management and general $15,401 · fundraising $3,822

  • 12 · Advertising and promotion

    total $349,380 · program services $331,066 · management and general $0 · fundraising $18,314

  • 13 · Office expenses

    total $52,900 · program services $5,507 · management and general $47,393 · fundraising $0

  • 14 · Information technology

    total $8,898 · program services $0 · management and general $8,898 · fundraising $0

  • 15 · Royalties

    total $2,552 · program services $2,552 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $158,956 · program services $148,344 · management and general $10,612 · fundraising $0

  • 17 · Travel

    total $24,997 · program services $24,717 · management and general $270 · fundraising $10

  • 19 · Conferences, conventions and meetings

    total $7,447 · program services $870 · management and general $6,485 · fundraising $92

  • 20 · Interest

    total $1,055 · program services $0 · management and general $1,055 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $127,543 · program services $118,615 · management and general $8,928 · fundraising $0

  • 23 · Insurance

    total $53,444 · program services $53,444 · management and general $0 · fundraising $0

  • 24a · Other expenses: STAGE BACKLINE & LOBBY EXPENSES

    total $26,745 · program services $26,745 · management and general $0 · fundraising $0

  • 24b · Other expenses: VOLUNTEER/DONOR CAMPAIGN EXPENSES

    total $12,571 · program services $3,783 · management and general $0 · fundraising $8,788

  • 24c · Other expenses: VALENTINE SCHOOL SHOW EXPENSES

    total $8,899 · program services $8,899 · management and general $0 · fundraising $0

  • 24d · Other expenses: OTHER EXPENSES

    total $14,432 · program services $315 · management and general $10,063 · fundraising $4,054

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $458,773 · end of year $73,101

  • 2 · Savings and temporary cash investments

    beginning of year $336,952 · end of year $383,266

  • 4 · Accounts receivable

    beginning of year $31,392 · end of year $40,815

  • 8 · Inventories for sale or use

    beginning of year $10,604 · end of year $9,568

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,303 · end of year $83,341

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

    $3,088,149

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

    $1,461,923

  • 10c · Land, buildings and equipment, net

    beginning of year $1,643,310 · end of year $1,626,226

  • 11 · Investments: publicly traded securities

    beginning of year $5,821,006 · end of year $6,343,504

  • 15 · Other assets

    beginning of year $116,393 · end of year $133,660

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,585 · end of year $38,842

  • 19 · Deferred revenue

    beginning of year $119,708 · end of year $46,945

  • 23 · Secured mortgages and notes payable

    beginning of year $38,668 · end of year $30,978

  • 25 · Other liabilities

    beginning of year $0 · end of year $16,571

  • 27 · Net assets without donor restrictions

    beginning of year $7,878,897 · end of year $8,163,155

  • 28 · Net assets with donor restrictions

    beginning of year $419,875 · end of year $396,990

Mission and programs · 2022

Mission

THE TOLEDO CULTURAL ARTS CENRE INC PRODUCES AND PROVIDES CULTURAL AND PERFORMING ARTS EXPERIENCES FOR DIVERSE AUDIENCES OF ALL AGES, TO ENHANCE THE QUALITY OF THE CULTURAL AND ECONOMIC LIFE OF THE CITY OF TOLEDO, LUCAS COUNTY, NORTHWEST OHIO AND SOUTHEAST MICHIGAN.

Activities or mission (Part I)

THE TOLEDO CULTURAL ARTS CENTER, A NOT-FOR-PROFIT ORGANIZATION, PRODUCES AND PROVIDES CULTURAL AND PERFORMING ARTS EXPERIENCES FOR DIVERSE AUDIENCES OF ALL AGES IN THE CITY OF TOLEDO, LUCAS COUNTY, NORTHWEST OHIO AND SOUTHEAST MICHIGAN.

  • WE PRESENTED A DIVERSE SELECTION OF PERFORMING ARTS EVENTS, RANGING FROM CHILDREN'S PROGRAMMING TO THEATRICAL BROADWAY. A TOTAL OF 102 EVENTS WERE PRESENTED IN THIS FISCAL YEAR, DRAWING 51,143 PATRONS TO THE VALENTINE THEATRE.

    Expenses $700,665 · Revenue $662,554

  • OPERATOR AND LANDLORD OF THE HISTORIC VALENTINE THEATRE. ACTIVITIES INCLUDE UPKEEP AND MAINTENANCE OF THE THEATRE.

    Expenses $940,766 · Revenue $372,932

As filed on the 2022 return.

Listed in Part VII

  • Jori Jex

    EXECUTIVE DIRECTOR

    Total calculated
    $97,586
    From this org
    $94,744
    From related orgs
    $0
    Other
    $2,842
    Hours/week
    40

  • Clare Gorski

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • David Rectenwald

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Kristen Nicholson

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Alan Kline

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Carroll Ashley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Aust

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steve Bowe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard L Berry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Melissa Freeman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Finch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dana Loeb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Donna Owens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas Palmer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian Miller MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marc Stockwell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph Sweeney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anna Toney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Traci Watkins MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Wolff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mira Rendina

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jim Stengle

    TRUSTEE

    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

No itemized grants to organizations on this return.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
27 November 2023
IRS schema version
2022v5.0
Source object
202343349349300724

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