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Nonprofiteer
← FIRST FRIDAY FOUNDATION LAS VEGAS

Form 990 for tax year 2022

Filed by FIRST FRIDAY FOUNDATION LAS VEGAS.

Totals

Total revenue
$792,838
Total expenses
$792,418
Contributions and grants received
$293,435
Grants paid
$0
Program service revenue
$497,465
Investment income
$1,818
Other revenue
$120
Total assets, end of year
$473,387
Total liabilities, end of year
$353,220
Net assets or fund balances, end of year
$120,167
Program services expenses (Part IX)
$676,404
Management and general expenses
$81,985
Fundraising expenses
$34,029
Program service expenses (Part III)
$676,404

Program services were 85.4% 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

    $14,596

  • 1e · Government grants (contributions)

    $48,949

  • 1f · All other contributions, gifts and grants

    $229,890

  • 2a · Program service revenue: FIRST FRIDAY PROGRAM

    total $497,465 · related or exempt $497,465

  • 3 · Investment income

    total $1,818 · excluded $1,818

  • 8a · Fundraising events: gross income

    $4,325

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

    $14,596

  • 8b · Fundraising events: direct expenses

    $4,325

  • 11a · Other revenue: OTHER INCOME

    total $120 · excluded $120

  • 11e · Other revenue, total

    $120

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $77,000 · program services $38,500 · management and general $23,100 · fundraising $15,400

  • 10 · Payroll taxes

    total $6,330 · program services $3,165 · management and general $1,899 · fundraising $1,266

  • 11c · Fees: accounting

    total $25,550 · management and general $25,550

  • 11e · Fees: professional fundraising services

    total $9,600 · fundraising $9,600

  • 11g · Fees: other

    total $101,745 · program services $101,745

  • 13 · Office expenses

    total $8,433 · program services $4,216 · management and general $2,530 · fundraising $1,687

  • 14 · Information technology

    total $14,542 · management and general $14,542

  • 16 · Occupancy

    total $21,849 · program services $10,924 · management and general $6,555 · fundraising $4,370

  • 17 · Travel

    total $586 · management and general $586

  • 19 · Conferences, conventions and meetings

    total $3,775 · program services $1,888 · management and general $1,132 · fundraising $755

  • 20 · Interest

    total $1,332 · management and general $1,332

  • 22 · Depreciation, depletion and amortization

    total $3,333 · management and general $3,333

  • 23 · Insurance

    total $4,754 · program services $2,377 · management and general $1,426 · fundraising $951

  • 24a · Other expenses: FIRST FRIDAY SUPPLIES

    total $513,589 · program services $513,589

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $405,752 · end of year $423,682

  • 2 · Savings and temporary cash investments

    beginning of year $7,225 · end of year $7,226

  • 4 · Accounts receivable

    beginning of year $15,310 · end of year $7,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,472 · end of year $10,000

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

    $4,650

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

    $4,650

  • 14 · Intangible assets

    beginning of year $28,312 · end of year $24,979

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,442 · end of year $18,117

  • 19 · Deferred revenue

    beginning of year $24,882 · end of year $35,103

  • 23 · Secured mortgages and notes payable

    beginning of year $300,000 · end of year $300,000

  • 27 · Net assets without donor restrictions

    beginning of year $119,747 · end of year $120,167

Mission and programs · 2022

Mission

TO CREATE, FACILITATE, AND MANAGE ARTISTICALLY INSPIRED ENDEAVORS IN ALL MEDIUMS AND TO THE BETTERMENT AND ENRICHMENT OF SOCIETY.

Activities or mission (Part I)

TO SUPPORT THE ARTS TO CREATE, FACILITATE, AND MANAGE ARTISTICALLY INSPIRED ENDEAVORS IN ALL MEDIUMS AND TO THE BETTERMENT AND ENRICHMENT OF SOCIETY.

  • TO CREATE, FACILITATE, AND MANAGE ARTISTICALLY INSPIRED ENDEAVORS IN ALL MEDIUMS AND TO THE BETTERMENT AND ENRICHMENT OF SOCIETY.

    Expenses $676,404 · Revenue $497,465

As filed on the 2022 return.

Listed in Part VII

  • Corina Fagan

    EXECUTIVE DI

    Total calculated
    $77,000
    From this org
    $77,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Cornthwaite

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Nancy Higgins

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Leu Strope

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Izaac Zevalking

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Chip Croop

    MEMBER

    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 April 2023
IRS schema version
2022v5.0
Source object
202341049349301114

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