Totals
- Total revenue
- $960,736
- Total expenses
- $633,945
- Contributions and grants received
- $880,300
- Grants paid
- $718
- Program service revenue
- $59,694
- Investment income
- $20,742
- Other revenue
- $0
- Total assets, end of year
- $10,478,943
- Total liabilities, end of year
- $5,742,023
- Net assets or fund balances, end of year
- $4,736,920
- Program services expenses (Part IX)
- $617,240
- Management and general expenses
- $16,705
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $617,240
Program services were 97.4% 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.
-
1f · All other contributions, gifts and grants
$880,300
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $59,694 · related or exempt $59,694
-
3 · Investment income
total $20,742 · excluded $20,742
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $718 · program services $718
-
11c · Fees: accounting
total $13,408 · program services $6,704 · management and general $6,704
-
11g · Fees: other
total $266,526 · program services $256,525 · management and general $10,001
-
12 · Advertising and promotion
total $19,246 · program services $19,246
-
13 · Office expenses
total $9,645 · program services $9,645
-
14 · Information technology
total $5,341 · program services $5,341
-
16 · Occupancy
total $50,406 · program services $50,406
-
17 · Travel
total $1,158 · program services $1,158
-
20 · Interest
total $4,260 · program services $4,260
-
22 · Depreciation, depletion and amortization
total $26,349 · program services $26,349
-
23 · Insurance
total $12,259 · program services $12,259
-
24a · Other expenses: SCHOOL CONTRACT SERVICE
total $90,877 · program services $90,877
-
24b · Other expenses: SUPPLIES
total $35,778 · program services $35,778
-
24c · Other expenses: MEALS
total $29,041 · program services $29,041
-
24d · Other expenses: SECURITY
total $19,460 · program services $19,460
-
24e · All other expenses
total $49,473 · program services $49,473
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,996,079 · end of year $3,063,716
-
7 · Other notes and loans receivable
beginning of year $3,327,860 · end of year $3,030,494
-
10a · Land, buildings and equipment: cost or other basis
$4,282,763
-
10b · Land, buildings and equipment: accumulated depreciation
$26,349
-
10c · Land, buildings and equipment, net
beginning of year $3,412,503 · end of year $4,256,414
-
15 · Other assets
beginning of year -$474 · end of year $128,319
-
18 · Grants payable
beginning of year $5,000,000 · end of year $5,000,000
-
22 · Loans and payables to officers and key people
beginning of year $325,766 · end of year $325,557
-
24 · Unsecured notes and loans payable
end of year $416,466
-
27 · Net assets without donor restrictions
beginning of year $777,737 · end of year $254,455
-
28 · Net assets with donor restrictions
beginning of year $3,632,465 · end of year $4,482,465
Mission and programs · 2023
Mission
THE EDISON ARTS FOUNDATION IS A 501(C)(3) NON-PROFIT FINE ARTS ORGANIZATION, ESTABLISHED FOR THE EDUCATIONAL AND CHARITABLE PURPOSE OF PRODUCING AND DEVELOPING CULTURAL AND PERFORMING ARTS PROGRAMS FOR CHILDREN, ADULTS, AND FAMILIES THROUGHOUT THE COMMUNITY.
-
THE EDISON ARTS FOUNDATION IS A 501(C)(3) NON-PROFIT FINE ARTS ORGANIZATION, ESTABLISHED FOR THE EDUCATIONAL AND CHARITABLE PURPOSE OF PRODUCING AND DEVELOPING CULTURAL AND PERFORMING ARTS PROGRAMS FOR CHILDREN, ADULTS, AND FAMILIES THROUGHOUT THE COMMUNITY.
Expenses $617,240 · Grants $718 · Revenue $59,694
-
THE EDISON ARTS FOUNDATION IS A 501(C)(3) NON-PROFIT FINE ARTS ORGANIZATION, ESTABLISHED FOR THE EDUCATIONAL AND CHARITABLE PURPOSE OF PRODUCING AND DEVELOPING CULTURAL AND PERFORMING ARTS PROGRAMS FOR CHILDREN, ADULTS, AND FAMILIES THROUGHOUT THE COMMUNITY.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lillian AnthonyLILLIAN ANTHONY
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Robertha CarterROBERTHA CARTER
OFFICER
- Total calculated
- $0
- Hours/week
- 40
-
Angel PattonANGEL PATTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
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.
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.
-
EAF EDISON GP LLC
TX · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202433209349309603
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