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Nonprofiteer
← CREATIVE ARKANSAS COMMUNITY AND EXCHANGE INC CACHE

Form 990 for tax year 2023

Filed by CREATIVE ARKANSAS COMMUNITY AND EXCHANGE INC CACHE.

Totals

Total revenue
$2,733,598
Total expenses
$3,135,486
Contributions and grants received
$2,567,127
Grants paid
$773,500
Program service revenue
$56,182
Investment income
$0
Other revenue
$110,289
Total assets, end of year
$638,776
Total liabilities, end of year
$267
Net assets or fund balances, end of year
$638,509
Program services expenses (Part IX)
$2,766,602
Management and general expenses
$368,884
Fundraising expenses
$0
Program service expenses (Part III)
$2,766,602

Program services were 88.2% 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

    $2,567,127

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $47,930 · related or exempt $47,930

  • 2b · Program service revenue: SALES OF MERCHANDISE

    total $8,252 · related or exempt $8,252

  • 11a · Other revenue: ARTIST STUDIO RENTAL

    total $109,633 · related or exempt $109,633

  • 11b · Other revenue: EI:MISC OTHER INCOME

    total $656 · related or exempt $656

  • 11e · Other revenue, total

    $110,289

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $685,000 · program services $685,000

  • 2 · Grants to domestic individuals

    total $88,500 · program services $88,500

  • 5 · Compensation of officers, directors and key employees

    total $345,998 · program services $115,000 · management and general $230,998

  • 7 · Other salaries and wages

    total $743,662 · program services $741,625 · management and general $2,037

  • 8 · Pension plan contributions

    total $39,657 · program services $26,803 · management and general $12,854

  • 9 · Other employee benefits

    total $67,631 · program services $50,512 · management and general $17,119

  • 10 · Payroll taxes

    total $83,776 · program services $64,235 · management and general $19,541

  • 11b · Fees: legal

    total $3,273 · program services $1,898 · management and general $1,375

  • 11c · Fees: accounting

    total $41,904 · program services $16,455 · management and general $25,449

  • 11g · Fees: other

    total $666,750 · program services $633,674 · management and general $33,076

  • 12 · Advertising and promotion

    total $16,506 · program services $15,945 · management and general $561

  • 13 · Office expenses

    total $80,261 · program services $73,156 · management and general $7,105

  • 16 · Occupancy

    total $114,396 · program services $114,396

  • 17 · Travel

    total $73,898 · program services $65,400 · management and general $8,498

  • 19 · Conferences, conventions and meetings

    total $4,306 · program services $3,306 · management and general $1,000

  • 20 · Interest

    total $883 · management and general $883

  • 22 · Depreciation, depletion and amortization

    total $3,628 · program services $3,628

  • 23 · Insurance

    total $13,468 · program services $13,418 · management and general $50

  • 24a · Other expenses: EVENT EXPENSES

    total $19,524 · program services $19,371 · management and general $153

  • 24b · Other expenses: EMPLOYEE TECHNOLOGY REI

    total $19,252 · program services $13,651 · management and general $5,601

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $11,997 · program services $11,997

  • 24d · Other expenses: PAYROLL PROCESSING EXPE

    total $7,990 · program services $6,261 · management and general $1,729

  • 24e · All other expenses

    total $3,226 · program services $2,371 · management and general $855

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,061,186 · end of year $612,985

  • 5 · Loans and receivables from officers and key people

    beginning of year $609

  • 14 · Intangible assets

    end of year $25,791

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,940 · end of year $0

  • 25 · Other liabilities

    beginning of year $15,458 · end of year $267

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,040,397 · end of year $638,509

Mission and programs · 2023

Mission

CACHE WORKS WITH CREATIVES, ORGANIZATIONS, AND COMMUNITIES TO EMPOWER A MORE INSPIRING, INCLUSIVE, AND EQUITABLE NORTHWEST ARKANSAS.

  • LAUNCH OF THE ARTISTS CREATIVE FUND (ACF): A PROGRAM DESIGNED AND FACILITATED BY CACHE, SUPPORTED BY THE GEORGE KAISER FAMILY FOUNDATION (GKFF) TO PROVIDE FUNDING, VISIBILITY, AND PROFESSIONAL DEVELOPMENT TO ARTISTS AND CREATIVES LIVING IN TULSA, OKLAHOMA. THROUGH THIS FUND, 20 PROJECT-SPECIFIC AWARDS OF $10,000 EACH ARE INVESTED IN A DIVERSE GROUP OF ARTISTS TO TEST IDEAS, EXPLORE COLLABORATIONS, AND BUILD SKILLS IN THE PROCESS OF GENERATING INNOVATIVE CREATIVE WORK.

    Expenses $85,221

  • MUNICIPAL ARTS ALLIANCE (MAA): 2ND YEAR OF A 2 YEAR INITIATIVE CONVENING FIVE MUNICIPAL GOVERNMENTS ACROSS NORTHWEST ARKANSAS (SPRINGDALE, ROGERS, BENTONVILLE, FAYETTEVILLE, SILOAM SPRINGS) IN AN ONGOING DIALOGUE GROUNDED IN CULTURAL BELONGING. THE MUNICIPAL ARTS ALLIANCE IS AN INITIATIVE OF CACHE, WITH SUPPORT FROM THE WALMART FOUNDATION, WALTON FAMILY FOUNDATION, AND PARTICIPATING MUNICIPALITIES.

    Expenses $147,690 · Revenue $26,440

  • THE MEDIUM: THE MEDIUM IS CACHE'S 25,000 SQ FT RADICALLY INCLUSIVE SPACE FOR CREATIVE EXPRESSION. THE MEDIUM OFFERS AFFORDABLE AND EQUITABLE ACCESS TO STUDIO, PERFORMANCE, REHEARSAL, EXHIBITION, AND MEETING SPACE FOR ARTISTS OF ALL BACKGROUNDS. CXF, AN INITIATIVE AT THE MEDIUM, WHICH PROVIDED CREATIVES WITH SPACE, EQUIPMENT, AND TECHNICAL SUPPORT TO EXPERIMENT AND EXPAND THEIR AUDIENCE.

    Expenses $806,310 · Grants $103,500 · Revenue $58,869

  • Expenses $1,727,381 · Grants $670,000 · Revenue $81,162

As filed on the 2023 return.

Listed in Part VII

  • Jeannette Balleza Collins

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bjorn Simmons

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kassie Misiewicz

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Olivia Tyson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lia Uribe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lucas Cowan

    DIRECTOR OF CULTURAL POLIC

    Total calculated
    $124,797
    From this org
    $115,000
    From related orgs
    $0
    Other
    $9,797
    Hours/week
    40

  • Kelsey Howard

    DIRECTOR OF ARTS SERVICES

    Total calculated
    $119,403
    From this org
    $110,210
    From related orgs
    $0
    Other
    $9,193
    Hours/week
    40

  • Peter Jasso

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $130,202
    From this org
    $120,788
    From related orgs
    $0
    Other
    $9,414
    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.

Schedule J

Answered yes

  • 3 · Compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349305045

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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