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Nonprofiteer
← TENNESSEE VALLEY ART ASSOCIATION

Form 990 for tax year 2022

Filed by TENNESSEE VALLEY ART ASSOCIATION.

Totals

Total revenue
$377,282
Total expenses
$451,734
Contributions and grants received
$192,846
Grants paid
$0
Program service revenue
$183,264
Investment income
$1,172
Other revenue
$0
Total assets, end of year
$939,392
Total liabilities, end of year
$5,512
Net assets or fund balances, end of year
$933,880
Program services expenses (Part IX)
$147,354
Management and general expenses
$304,380
Fundraising expenses
$0
Program service expenses (Part III)
$147,354

Program services were 32.6% 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.

  • 1b · Membership dues

    $36,347

  • 1c · Fundraising events

    $20,791

  • 1d · Related organizations

    $25,000

  • 1e · Government grants (contributions)

    $39,250

  • 1f · All other contributions, gifts and grants

    $71,458

  • 1g · Noncash contributions included above

    $11,200

  • 2a · Program service revenue: RITZ AND MUSEUM PROJECTS

    total $183,264 · related or exempt $183,264

  • 3 · Investment income

    total $1,172 · related or exempt $1,172

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

    $20,791

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $155,400 · management and general $155,400

  • 10 · Payroll taxes

    total $12,207 · management and general $12,207

  • 11c · Fees: accounting

    total $4,500 · management and general $4,500

  • 12 · Advertising and promotion

    total $6,000 · program services $6,000

  • 13 · Office expenses

    total $69,221 · program services $7,218 · management and general $62,003

  • 15 · Royalties

    total $8,792 · program services $8,792

  • 22 · Depreciation, depletion and amortization

    total $67,734 · management and general $67,734

  • 23 · Insurance

    total $2,536 · management and general $2,536

  • 24a · Other expenses: EXHIBITS

    total $78,745 · program services $78,745

  • 24b · Other expenses: PERFORMING ARTS

    total $38,870 · program services $38,870

  • 24c · Other expenses: WORKSHOPS AND CLASSES

    total $7,729 · program services $7,729

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $101,895 · end of year $64,646

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,717 · end of year $17,717

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

    $2,667,719

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

    $1,842,190

  • 10c · Land, buildings and equipment, net

    beginning of year $890,033 · end of year $825,529

  • 15 · Other assets

    beginning of year $31,500 · end of year $31,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,315 · end of year $5,512

  • 27 · Net assets without donor restrictions

    beginning of year $1,035,830 · end of year $933,880

Mission and programs · 2022

Mission

THE PROMOTION AND PRESENTATION OF VISUAL AND PERFORMING ARTS, AS WELL AS WORKSHOPS AND CLASSES.

Activities or mission (Part I)

PROMOTION AND PRESENTATION OF VISUAL AND PERFORMING ARTS AS WELL AS WORKSHOPS AND CLASSES.

  • PERFORMS COMMUNITY PLAYS, MUSICAL EVENTS, AND SCHOOL PROGRAMS FOR EDUCATIONAL OUTREACH.

    Expenses $52,068

  • SCHEDULES ART EXHIBITS FOR PUBLIC INFORMATION AND VIEWING

    Expenses $83,151

  • HOLD WORKSHOPS AND CLASSES FOR EDUCATIONAL PURPOSES.

    Expenses $12,135

As filed on the 2022 return.

Listed in Part VII

  • Laura Little

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mollie Holland

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Michael Pretes

    VICE CHAIR

    Total calculated
    $0

  • David Black

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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
2022
Filed
14 February 2023
IRS schema version
2022v5.0
Source object
202430599349300208

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