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Nonprofiteer
← LIGHT WORK VISUAL STUDIES INC

Form 990 for tax year 2022

Filed by LIGHT WORK VISUAL STUDIES INC.

Totals

Total revenue
$435,960
Total expenses
$429,453
Contributions and grants received
$322,507
Grants paid
$0
Program service revenue
$42,958
Investment income
$50,431
Other revenue
$20,064
Total assets, end of year
$2,424,633
Total liabilities, end of year
$16,093
Net assets or fund balances, end of year
$2,408,540
Program services expenses (Part IX)
$410,993
Management and general expenses
$18,460
Fundraising expenses
$0
Program service expenses (Part III)
$410,993

Program services were 95.7% 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)

    $91,000

  • 1f · All other contributions, gifts and grants

    $231,507

  • 2a · Program service revenue: CONTACT SHEET SUBSCRIP

    total $42,958 · related or exempt $42,958

  • 3 · Investment income

    total $50,431 · excluded $50,431

  • 10a · Gross sales of inventory

    $24,303

  • 10b · Cost of goods sold

    $4,823

  • 10c · Net income from sales of inventory

    total $19,480 · related or exempt $19,480

  • 11a · Other revenue: MISCELLANEOUS

    total $584 · related or exempt $584

  • 11e · Other revenue, total

    $584

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $18,460 · management and general $18,460

  • 11g · Fees: other

    total $70,070 · program services $70,070

  • 12 · Advertising and promotion

    total $7,736 · program services $7,736

  • 13 · Office expenses

    total $33,549 · program services $33,549

  • 17 · Travel

    total $15,832 · program services $15,832

  • 22 · Depreciation, depletion and amortization

    total $2,471 · program services $2,471

  • 24a · Other expenses: ARTIST FEES & EXPENSE

    total $143,569 · program services $143,569

  • 24b · Other expenses: PRINTING & PUBLICATIONS

    total $90,034 · program services $90,034

  • 24c · Other expenses: POSTAGE

    total $43,364 · program services $43,364

  • 24d · Other expenses: EXHIBITIONS

    total $4,368 · program services $4,368

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $164,781 · end of year $323,582

  • 2 · Savings and temporary cash investments

    beginning of year $842,948 · end of year $677,625

  • 9 · Prepaid expenses and deferred charges

    end of year $10,589

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

    $74,118

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

    $46,937

  • 10c · Land, buildings and equipment, net

    beginning of year $29,652 · end of year $27,181

  • 11 · Investments: publicly traded securities

    beginning of year $134,455 · end of year $101,688

  • 12 · Investments: other securities

    beginning of year $1,291,525 · end of year $1,283,968

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,991 · end of year $7,189

  • 19 · Deferred revenue

    beginning of year $14,013 · end of year $8,904

  • 27 · Net assets without donor restrictions

    beginning of year $984,126 · end of year $990,633

  • 28 · Net assets with donor restrictions

    beginning of year $1,458,231 · end of year $1,417,907

Mission and programs · 2022

Mission

TO ENCOURAGE GROWTH AND APPRECIATION OF PHOTOGRAPHIC AND OTHER VISUAL MEDIA.

Activities or mission (Part I)

ARTIST OPERATED PHOTOGRAPHY CENTER TO ENCOURAGE THE GROWTH AND APPRECIATION OF PHOTOGRAPHIC AND OTHER VISUAL MEDIA.

  • EXEMPT PURPOSE IS AN ARTIST OPERATED PHOTOGRAPHY CENTER,TO ENCOURAGE GROWTH AND APPRECIATION OF PHOTOGRAPHIC AND OTHER VISUAL MEDIA. SEVERAL EXHIBITS AND PUBLICATIONS ARE PRODUCED.

    Expenses $410,993 · Revenue $63,022

As filed on the 2022 return.

Listed in Part VII

  • Christine Elfman

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Glen Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Roberta Jones

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Emily Reynolds

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Marilu Lopez Fretts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christina Limpert

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Andrew Saluti

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ellen Degraffenreid

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Sarah Scalese

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Boardman

    EXECUTIVE DIRECTOR

    Total calculated
    $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.

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
2022
Filed
28 February 2024
IRS schema version
2022v5.0
Source object
202411369349305331

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