Form 990 for tax year 2023
Filed by ST LOUIS ART PLACE INITIATIVE INC.
Totals
- Total revenue
- $372,091
- Total expenses
- $339,831
- Contributions and grants received
- $155,678
- Grants paid
- $0
- Program service revenue
- $208,010
- Investment income
- $0
- Other revenue
- $8,403
- Total assets, end of year
- $214,092
- Total liabilities, end of year
- $208,928
- Net assets or fund balances, end of year
- $5,164
- Program services expenses (Part IX)
- $286,120
- Management and general expenses
- $22,629
- Fundraising expenses
- $31,082
- Program service expenses (Part III)
- $286,120
Program services were 84.2% 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.
-
1c · Fundraising events
$10,758
-
1f · All other contributions, gifts and grants
$144,920
-
2a · Program service revenue: PROPERTY SALES PROCEEDS
total $164,500 · related or exempt $164,500
-
2b · Program service revenue: CONTRACTED PROPERTY REVENUE
total $43,510 · related or exempt $43,510
-
8a · Fundraising events: gross income
$31,165
-
8a · Fundraising events: contributions included on line 1c
$10,758
-
8b · Fundraising events: direct expenses
$24,341
-
8c · Net income from fundraising events
total $6,824 · excluded $6,824
-
11a · Other revenue: SPEAKING HONORARIUM & SERVICE
total $1,400 · excluded $1,400
-
11b · Other revenue: DISCOUNTS
total $99 · excluded $99
-
11c · Other revenue: REWARDS
total $80 · excluded $80
-
11e · Other revenue, total
$1,579
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $135,769 · program services $101,827 · management and general $15,480 · fundraising $18,462
-
9 · Other employee benefits
total $2,700 · program services $2,025 · management and general $270 · fundraising $405
-
10 · Payroll taxes
total $10,564 · program services $7,923 · management and general $1,056 · fundraising $1,585
-
11b · Fees: legal
total $15,786 · program services $14,446 · management and general $1,340
-
11c · Fees: accounting
total $18,219 · program services $16,673 · management and general $1,546
-
11g · Fees: other
total $8,584 · program services $827 · management and general $72 · fundraising $7,685
-
12 · Advertising and promotion
total $462 · program services $347 · management and general $46 · fundraising $69
-
14 · Information technology
total $2,979 · program services $2,234 · management and general $298 · fundraising $447
-
16 · Occupancy
total $3,915 · program services $2,936 · management and general $392 · fundraising $587
-
20 · Interest
total $13,026 · program services $13,026
-
23 · Insurance
total $12,009 · program services $9,213 · management and general $1,119 · fundraising $1,677
-
24a · Other expenses: COST OF PROPERTIES SOLD
total $94,093 · program services $94,093
-
24b · Other expenses: MAINTENANCE
total $15,894 · program services $15,894
-
24c · Other expenses: SUPPLIES
total $2,822 · program services $2,361 · management and general $461
-
24d · Other expenses: BANK CHARGES & FEES
total $1,256 · program services $980 · management and general $276
-
24e · All other expenses
total $1,753 · program services $1,315 · management and general $273 · fundraising $165
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,371 · end of year $19,963
-
4 · Accounts receivable
end of year $28,500
-
9 · Prepaid expenses and deferred charges
end of year $4,125
-
10a · Land, buildings and equipment: cost or other basis
$153,783
-
10c · Land, buildings and equipment, net
beginning of year $224,778 · end of year $153,783
-
15 · Other assets
beginning of year $550 · end of year $7,721
-
17 · Accounts payable and accrued expenses
end of year $14,127
-
25 · Other liabilities
beginning of year $240,447 · end of year $194,801
-
27 · Net assets without donor restrictions
beginning of year -$12,748 · end of year -$64,836
-
28 · Net assets with donor restrictions
end of year $70,000
Mission and programs · 2023
Mission
THE ST. LOUIS ART PLACE INITIATIVE SEEKS TO CREATE WEALTH AND EQUITY THROUGH HOME OWNERSHIP FOR LOW AND MODERATE INCOME ARTISTS OF ALL DISCIPLINES.
Activities or mission (Part I)
THE ST. LOUIS ART PLACE INITIATIVE IS A 501C3 ORGANIZATION WITH A MISSION OF BUILDING WEALTH AND EQUITY THROUGH HOMEOWNERSHIP FOR LOW- AND MODERATE-INCOME ARTISTS OF ALL DISCIPLINES.
-
ST. LOUIS ART PLACE INITIATIVE CONTINUES TO DEVELOP LAND PARCELS IN THE GRAVOIS PARK NEIGHBORHOOD TO FULFILL ITS MISSION TO PROVIDE AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME ARTISTS AND IS CONTINUING SELLING THE IMPROVED PROPERTIES.
Expenses $286,120 · Revenue $208,010
As filed on the 2023 return.
Listed in Part VII
-
Pacia Elaine AndersonPACIA ELAINE ANDERSON
BOARD MEMBER
- Total calculated
- $0
-
Nichole BelfordNICHOLE BELFORD
BOARD MEMBER
- Total calculated
- $0
-
Dara EskiridgeDARA ESKIRIDGE
BOARD MEMBER
- Total calculated
- $0
-
Chris HansenCHRIS HANSEN
BOARD MEMBER
- Total calculated
- $0
-
Gavin KroeberGAVIN KROEBER
BOARD MEMBER
- Total calculated
- $0
-
Kevin McKinneyKEVIN MCKINNEY
EXECUTIVE DI
- Total calculated
- $0
-
Phil MindenPHIL MINDEN
BOARD MEMBER
- Total calculated
- $0
-
Gary PiersonGARY PIERSON
BOARD MEMBER
- Total calculated
- $0
-
John PitmanJOHN PITMAN
BOARD MEMBER
- Total calculated
- $0
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
- 8 August 2024
- IRS schema version
- 2023v5.0
- Source object
- 202412219349301141
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