Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $2,075

• 1c · Fundraising events

  $38,422

• 1e · Government grants (contributions)

  $170,387

• 1f · All other contributions, gifts and grants

  $5,951,118

• 1g · Noncash contributions included above

  $8,496

• 2a · Program service revenue: TICKET SALES

  total $1,702,178 · related or exempt $1,702,178

• 2b · Program service revenue: TUITION AND EDUCATION

  total $562,855 · related or exempt $562,855

• 3 · Investment income

  total $522,015 · excluded $522,015

• 7a · Gross sales of assets other than inventory

  securities $3,472,837

• 7b · Less cost or other basis and sales expenses

  securities $3,475,827

• 7c · Gain or loss

  securities -$2,990

• 7d · Net gain or loss

  total -$2,990 · excluded -$2,990

• 8a · Fundraising events: gross income

  $43,193

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

  $38,422

• 8b · Fundraising events: direct expenses

  $30,231

• 8c · Net income from fundraising events

  total $12,962 · excluded $12,962

• 11a · Other revenue: OTHER REVENUE

  total $149,902 · related or exempt $149,902

• 11b · Other revenue: NET PROFESSIONAL SERVICE FEE

  total $27,012 · related or exempt $27,012

• 11e · Other revenue, total

  $176,914

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $79,524 · program services $79,524

• 5 · Compensation of officers, directors and key employees

  total $461,515 · program services $50,265 · management and general $199,092 · fundraising $212,158

• 7 · Other salaries and wages

  total $4,498,510 · program services $4,069,430 · management and general $230,988 · fundraising $198,092

• 8 · Pension plan contributions

  total $28,595 · program services $25,970 · management and general $2,067 · fundraising $558

• 9 · Other employee benefits

  total $415,947 · program services $386,231 · management and general $15,945 · fundraising $13,771

• 10 · Payroll taxes

  total $347,413 · program services $287,773 · management and general $30,304 · fundraising $29,336

• 11f · Fees: investment management

  total $38,564 · management and general $38,564

• 11g · Fees: other

  total $154,816 · program services $97,356 · management and general $57,460

• 12 · Advertising and promotion

  total $240,470 · program services $240,470

• 13 · Office expenses

  total $103,974 · program services $11,746 · management and general $33,944 · fundraising $58,284

• 15 · Royalties

  total $12,632 · program services $12,632

• 16 · Occupancy

  total $487,740 · program services $332,746 · management and general $154,994

• 17 · Travel

  total $71,618 · program services $59,214 · management and general $12,404

• 20 · Interest

  total $131,167 · management and general $131,167

• 22 · Depreciation, depletion and amortization

  total $96,371 · management and general $82,289 · fundraising $14,082

• 23 · Insurance

  total $49,461 · program services $18,549 · management and general $30,912

• 24a · Other expenses: GUEST ARTISTS

  total $861,159 · program services $861,159

• 24b · Other expenses: OTHER

  total $424,926 · program services $187,049 · management and general $160,119 · fundraising $77,758

• 24c · Other expenses: EQUIPMENT RENTAL AND RE

  total $168,435 · program services $128,311 · management and general $40,124

• 24d · Other expenses: TICKETING

  total $94,172 · program services $94,172

• 24e · All other expenses

  total $149,771 · program services $113,379 · fundraising $36,392

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $388,110 · end of year $677,031

• 2 · Savings and temporary cash investments

  beginning of year $1,741,987 · end of year $1,484,254

• 3 · Pledges and grants receivable

  beginning of year $750,575 · end of year $2,188,608

• 4 · Accounts receivable

  beginning of year $271,413 · end of year $532,237

• 9 · Prepaid expenses and deferred charges

  beginning of year $131,371 · end of year $134,908

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

  $6,674,239

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

  $1,913,095

• 10c · Land, buildings and equipment, net

  beginning of year $285,542 · end of year $4,761,144

• 11 · Investments: publicly traded securities

  beginning of year $17,478,191 · end of year $18,320,757

• 15 · Other assets

  beginning of year $411,043 · end of year $379,338

• 17 · Accounts payable and accrued expenses

  beginning of year $406,736 · end of year $4,827,065

• 19 · Deferred revenue

  beginning of year $537,431 · end of year $755,254

• 25 · Other liabilities

  beginning of year $148,685 · end of year $108,541

• 27 · Net assets without donor restrictions

  beginning of year $10,138,448 · end of year $9,528,829

• 28 · Net assets with donor restrictions

  beginning of year $10,226,932 · end of year $13,258,588

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT HAS A MEMBERSHIP AT THE INVERNESS COUNTRY CLUB WHICH IS PAID FOR BY TAPA. THE PRESIDENT HAS AN ACCOUNT FOR DISCRETIONARY BUSINESS EXPENSES.

PART I, LINE 3

THE EXECUTIVE COMMITTEE, AND SUBSEQUENTLY THE BOARD, APPROVED THE ORIGINAL EMPLOYMENT CONTRACT FOR THE PRESIDENT. ANY UPDATES TO THAT CONTRACT HAVE GONE THROUGH THE SAME APPROVAL PROCESS.

PART I, LINE 7

THE VP OF DEVELOPMENT WAS APPROVED FOR A $40,000 BONUS BASED ON PRESIDENT'S DISCRETION.