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Nonprofiteer
← SEMANS ART FUND

Form 990 for tax year 2023

Filed by SEMANS ART FUND.

Totals

Total revenue
$136,039
Total expenses
$185,791
Contributions and grants received
$0
Grants paid
$139,434
Program service revenue
$0
Investment income
$136,039
Other revenue
$0
Total assets, end of year
$5,463,352
Total liabilities, end of year
$23,903
Net assets or fund balances, end of year
$5,439,449
Program services expenses (Part IX)
$139,434
Management and general expenses
$46,357
Fundraising expenses
$0
Program service expenses (Part III)
$139,434

Program services were 75.0% 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.

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $136,039 · excluded $136,039

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $32,875 · program services $32,875

  • 2 · Grants to domestic individuals

    total $106,559 · program services $106,559

  • 11c · Fees: accounting

    total $7,500 · management and general $7,500

  • 11f · Fees: investment management

    total $20,140 · management and general $20,140

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $65 · management and general $65

  • 19 · Conferences, conventions and meetings

    total $342 · management and general $342

  • 23 · Insurance

    total $1,281 · management and general $1,281

  • 24a · Other expenses: Administrative Costs

    total $16,403 · management and general $16,403

  • 24b · Other expenses: Bank Fees

    total $626 · management and general $626

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $418,720 · end of year $607,624

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,710,893 · end of year $4,855,728

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,982 · end of year $23,903

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,805,095 · end of year $2,941,135

  • 28 · Net assets with donor restrictions

    beginning of year $2,301,536 · end of year $2,498,314

Mission and programs · 2023

Mission

TO AID AND SUPPORT STUDENTS AND PROGRAMS OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS

  • THE SEMANS ART FUND'S PRIMARY OBJECTIVE IS TO PROVIDE FINANCIAL ASSISTANCE TO AID AND PROMOTE THE CURRICULAR AND SPECIAL PROGRAMS OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS IN THE CONCENTRATIONS OF MUSIC, DRAMA, DANCE, FILMMAKING, AND STAGE DESIGN AND PRODUCTION

    Expenses $139,434 · Grants $139,434

As filed on the 2023 return.

Listed in Part VII

  • Beth C Lucas

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • David R Snider

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • David Winslow

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Matthew C Harris

    President

    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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
9 December 2024
IRS schema version
2023v5.1
Source object
202443449349301309

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