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Nonprofiteer
← MOUNT SEQUOYAH CENTER INC

Form 990 for tax year 2023

Filed by MOUNT SEQUOYAH CENTER INC.

Totals

Total revenue
$1,922,223
Total expenses
$2,041,119
Contributions and grants received
$371,719
Grants paid
$0
Program service revenue
$1,506,361
Investment income
$4,937
Other revenue
$39,206
Total assets, end of year
$1,814,224
Total liabilities, end of year
$853,730
Net assets or fund balances, end of year
$960,494
Program services expenses (Part IX)
$1,183,855
Management and general expenses
$803,322
Fundraising expenses
$53,942
Program service expenses (Part III)
$1,183,855

Program services were 58.0% 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.

  • 1e · Government grants (contributions)

    $98,853

  • 1f · All other contributions, gifts and grants

    $272,866

  • 2a · Program service revenue: RENTAL INCOME

    total $1,091,452 · related or exempt $1,091,452

  • 2b · Program service revenue: PROGRAM FEES

    total $414,909 · related or exempt $414,909

  • 3 · Investment income

    total $4,937 · excluded $4,937

  • 11a · Other revenue: OTHER INCOME

    total $17,591 · related or exempt $17,591

  • 11b · Other revenue: ENDOWMENT GAINS/LOSSES

    total $15,341 · excluded $15,341

  • 11c · Other revenue: MERCHANDISE SALES

    total $6,274 · related or exempt $6,274

  • 11e · Other revenue, total

    $39,206

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $861,914 · program services $607,910 · management and general $204,220 · fundraising $49,784

  • 8 · Pension plan contributions

    total $20,155 · management and general $20,155

  • 9 · Other employee benefits

    total $76,537 · management and general $76,537

  • 10 · Payroll taxes

    total $66,715 · program services $41,188 · management and general $21,719 · fundraising $3,808

  • 11a · Fees: management

    total $88,785 · program services $86,488 · management and general $2,297

  • 11b · Fees: legal

    total $2,235 · program services $2,210 · management and general $25

  • 11c · Fees: accounting

    total $13,705 · management and general $13,705

  • 11e · Fees: professional fundraising services

    total $350 · fundraising $350

  • 12 · Advertising and promotion

    total $22,494 · program services $7,878 · management and general $14,616

  • 13 · Office expenses

    total $81,268 · program services $18,584 · management and general $62,684

  • 16 · Occupancy

    total $206,881 · program services $2,904 · management and general $203,977

  • 20 · Interest

    total $14,183 · program services $6,486 · management and general $7,697

  • 22 · Depreciation, depletion and amortization

    total $127,234 · program services $101,787 · management and general $25,447

  • 23 · Insurance

    total $61,559 · management and general $61,559

  • 24a · Other expenses: PROGRAM EXPENSES

    total $159,041 · program services $159,041 · management and general $0

  • 24b · Other expenses: BUILDING REPAIRS & MAIN

    total $140,358 · program services $68,583 · management and general $71,775

  • 24c · Other expenses: FOOD SERVICE EXPENSES

    total $51,131 · program services $50,880 · management and general $251

  • 24d · Other expenses: GROUNDS MAINTENANCE

    total $24,694 · program services $20,447 · management and general $4,247

  • 24e · All other expenses

    total $21,880 · program services $9,469 · management and general $12,411

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $171,307 · end of year $20,865

  • 4 · Accounts receivable

    beginning of year $29,790 · end of year $65,206

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

    $4,312,973

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

    $2,758,458

  • 10c · Land, buildings and equipment, net

    beginning of year $1,623,126 · end of year $1,554,515

  • 12 · Investments: other securities

    beginning of year $159,157 · end of year $173,638

  • 17 · Accounts payable and accrued expenses

    beginning of year $63,205 · end of year $46,600

  • 19 · Deferred revenue

    beginning of year $574,336 · end of year $522,762

  • 23 · Secured mortgages and notes payable

    beginning of year $116,449 · end of year $134,368

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000 · end of year $150,000

  • 27 · Net assets without donor restrictions

    beginning of year $920,233 · end of year $786,856

  • 28 · Net assets with donor restrictions

    beginning of year $159,157 · end of year $173,638

Mission and programs · 2023

Mission

TO PROVIDE A WELCOMING SPACE TO CELEBRATE AND CONNECT WITH PEOPLE, LAND, AND SPIRIT. MOUNT SEQUOYAH IS A COMMUNITY GATHERING SPACE WHERE OTHER ORGANIZATIONS, INDIVIDUALS, FAMILIES, CORPORATIONS, AND MORE CAN UTILIZE SPACE TO MEET, CONNECT, AND GROW. FOUNDED IN 1922, THE NON-PROFIT ORGANIZATION IS A HISTORIC DISTRICT FEATURING 38 CONTRIBUTING BUILDINGS AND STRUCTURES. MOUNT SEQUOYAH ALSO PROVIDES UNIQUE EVENTS AND PROGRAMS FEATURING ARTS, RECREATION, NATURE, AND SO MUCH MORE.

  • CONFERENCE AND RETREAT CENTER.

    Expenses $1,183,855 · Revenue $1,530,226

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHRIS BARIBEAU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BEN CARTER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CARLOS CHICAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DENISE GARNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEANNIE HULEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARSHALL HUBBARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GINA KNODLE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LARRY D NORMAN

    EMERITUS MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANITA PARISI

    TREASURER

    Total calculated
    $17,013
    From this org
    $17,013
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ANDREA RITCHIE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LEAH SPEARS-BLACKMON

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PRESTON POINDEXTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CARL ALAN KERNODLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EMILIO RIVERA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EMILY GENTRY

    PRESIDENT AND CEO

    Total calculated
    $81,120
    From this org
    $81,120
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349309951

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