Form 990 for tax year 2023
Filed by PERFORMING ARTS & EDUCATION ASSOCIATION OF SOUTHWEST IOWA INC.
Totals
- Total revenue
- $375,149
- Total expenses
- $488,605
- Contributions and grants received
- $109,289
- Grants paid
- $0
- Program service revenue
- $87,685
- Investment income
- $170,864
- Other revenue
- $7,311
- Total assets, end of year
- $8,281,922
- Total liabilities, end of year
- $44,732
- Net assets or fund balances, end of year
- $8,237,190
- Program services expenses (Part IX)
- $249,124
- Management and general expenses
- $111,098
- Fundraising expenses
- $128,383
- Program service expenses (Part III)
- $249,124
Program services were 51.0% 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)
$14,000
-
1f · All other contributions, gifts and grants
$95,289
-
2a · Program service revenue: TICKET SALES
total $68,833 · unrelated business $0 · excluded $0
-
2b · Program service revenue: CLASS FEES
total $18,852 · unrelated business $0 · excluded $0
-
3 · Investment income
total $170,864 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $5,793
-
6c · Rental income or loss
real property $5,793
-
6d · Net rental income or loss
total $5,793 · related or exempt $5,793
-
10a · Gross sales of inventory
$3,893
-
10b · Cost of goods sold
$2,508
-
10c · Net income from sales of inventory
total $1,385 · related or exempt $1,385
-
11a · Other revenue: MISC. INCOME
total $133 · related or exempt $133 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$133
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $110,460 · program services $36,820 · management and general $36,820 · fundraising $36,820
-
8 · Pension plan contributions
total $2,979 · program services $993 · management and general $993 · fundraising $993
-
10 · Payroll taxes
total $9,579 · program services $3,193 · management and general $3,193 · fundraising $3,193
-
11c · Fees: accounting
total $700 · program services $0 · management and general $700 · fundraising $0
-
12 · Advertising and promotion
total $30,604 · program services $18,362 · management and general $0 · fundraising $12,242
-
22 · Depreciation, depletion and amortization
total $158,233 · program services $52,745 · management and general $52,744 · fundraising $52,744
-
23 · Insurance
total $8,940 · program services $2,980 · management and general $2,980 · fundraising $2,980
-
24a · Other expenses: PERFORMANCE FEES
total $21,500 · program services $21,500 · management and general $0 · fundraising $0
-
24b · Other expenses: CONTRACT LABOR
total $24,900 · program services $24,900 · management and general $0 · fundraising $0
-
24c · Other expenses: PRODUCTION COST
total $65,987 · program services $65,987 · management and general $0 · fundraising $0
-
24d · Other expenses: EDUCATION EXPENSES
total $5,136 · program services $5,136 · management and general $0 · fundraising $0
-
24e · All other expenses
total $49,587 · program services $16,508 · management and general $13,668 · fundraising $19,411
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $33,890 · end of year $5,761
-
2 · Savings and temporary cash investments
beginning of year $4,731,643 · end of year $4,760,768
-
9 · Prepaid expenses and deferred charges
beginning of year $6,472 · end of year $6,196
-
10a · Land, buildings and equipment: cost or other basis
$6,123,887
-
10b · Land, buildings and equipment: accumulated depreciation
$2,614,690
-
10c · Land, buildings and equipment, net
beginning of year $3,626,530 · end of year $3,509,197
-
17 · Accounts payable and accrued expenses
beginning of year $49,972 · end of year $44,732
-
31 · Retained earnings, endowment or other funds
beginning of year $8,348,563 · end of year $8,237,190
Mission and programs · 2023
Mission
TO DEVELOP OPPORTUNITIES FOR THE COMMUNITY TO EXPERIENCE ARTS.
-
ACHEIVEMENTS INCLUDE ARTS EDUCATION & ENTERTAINMENT IN AN 8 COUNTY REGION.
Expenses $249,124 · Revenue $265,860
As filed on the 2023 return.
Listed in Part VII
-
Cynthia BangstonCYNTHIA BANGSTON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Laura LaprellLAURA LAPRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason OrmeJASON ORME
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Sara OrmeSARA ORME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elliot SmithELLIOT SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ashleigh SmithASHLEIGH SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Blair DeboltBLAIR DEBOLT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Andrew HeatonANDREW HEATON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Marj SchierkolkMARJ SCHIERKOLK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Don TorbettDON TORBETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 3 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510169349302156
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