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Nonprofiteer
← DOWNTOWN AMHERST FOUNDATION

Form 990 for tax year 2023

Filed by DOWNTOWN AMHERST FOUNDATION.

Totals

Total revenue
$503,156
Total expenses
$454,242
Contributions and grants received
$229,826
Grants paid
$0
Program service revenue
$271,842
Investment income
$1,488
Other revenue
$0
Total assets, end of year
$884,745
Total liabilities, end of year
$2,457
Net assets or fund balances, end of year
$882,288
Program services expenses (Part IX)
$430,285
Management and general expenses
$23,647
Fundraising expenses
$310
Program service expenses (Part III)
$430,285

Program services were 94.7% 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)

    $23,830

  • 1f · All other contributions, gifts and grants

    $205,996

  • 2a · Program service revenue: THE DRAKE REVENUE

    total $271,842 · related or exempt $271,842

  • 3 · Investment income

    total $1,488 · excluded $1,488

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $112,890 · program services $112,890

  • 10 · Payroll taxes

    total $43,240 · program services $43,240

  • 11c · Fees: accounting

    total $10,200 · management and general $10,200

  • 11g · Fees: other

    total $10,000 · management and general $10,000

  • 12 · Advertising and promotion

    total $10,704 · program services $10,394 · fundraising $310

  • 13 · Office expenses

    total $2,897 · management and general $2,897

  • 22 · Depreciation, depletion and amortization

    total $61,860 · program services $61,860

  • 23 · Insurance

    total $16,140 · program services $15,590 · management and general $550

  • 24a · Other expenses: THE DRAKE TALENT EXPENS

    total $68,591 · program services $68,591

  • 24b · Other expenses: THE DRAKE BAR

    total $68,333 · program services $68,333

  • 24c · Other expenses: THE DRAKE EVENT EXPENSE

    total $24,626 · program services $24,626

  • 24d · Other expenses: THE DRAKE OTHER OPERATI

    total $20,560 · program services $20,560

  • 24e · All other expenses

    total $4,201 · program services $4,201

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $273,659 · end of year $189,792

  • 3 · Pledges and grants receivable

    beginning of year $7,000 · end of year $103,125

  • 4 · Accounts receivable

    beginning of year $476 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,458 · end of year $11,638

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

    $622,185

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

    $131,995

  • 10c · Land, buildings and equipment, net

    beginning of year $547,874 · end of year $490,190

  • 15 · Other assets

    beginning of year $0 · end of year $90,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,093 · end of year $2,457

  • 27 · Net assets without donor restrictions

    beginning of year $833,374 · end of year $882,288

Mission and programs · 2023

Mission

BUILDING AND CREATING CULTURE, BEAUTY AND PROGRAMMING IN DOWNTOWN AMHERST TO ENSURE A THRIVING, BEAUTIFUL AND DIVERSE CULTURAL COLLEGE COMMUNITY.

  • BUILDING AND CREATING CULTURE, BEAUTY AND PROGRAMMING IN DOWNTOWN AMHERST TO ENSURE A THRIVING, BEAUTIFUL AND DIVERSE CULTURAL COLLEGE COMMUNITY.

    Expenses $430,285 · Revenue $271,842

As filed on the 2023 return.

Listed in Part VII

  • ANTONIOS MAROULIS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JOHN KUHN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • SUSAN BAIN BELLAK

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • CLARE BERTRAND

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • YASMIN EISENHAUER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMY GATES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JON NIEDZIELSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHARON POVINELLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA GIRAUD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • IRVIN RHODES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN SNYDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM OLSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS REIDY

    DIRECTOR "PAST"

    Total calculated
    $0
    Hours/week
    1

  • GABRIELLE GOULD

    EX-OFFICIO

    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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521359349310132

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