Totals
- Total revenue
- $242,019
- Total expenses
- $229,550
- Contributions and grants received
- $221,623
- Grants paid
- $0
- Program service revenue
- $10,364
- Investment income
- $2
- Other revenue
- $10,030
- Total assets, end of year
- $236,711
- Total liabilities, end of year
- $55,062
- Net assets or fund balances, end of year
- $181,649
- Program services expenses (Part IX)
- $180,915
- Management and general expenses
- $36,356
- Fundraising expenses
- $12,279
- Program service expenses (Part III)
- $180,915
Program services were 78.8% 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)
$37,500
-
1f · All other contributions, gifts and grants
$184,123
-
2a · Program service revenue: PROGRAM INCOME
total $10,364 · related or exempt $10,364
-
3 · Investment income
total $2 · excluded $2
-
8a · Fundraising events: gross income
$25,082
-
8b · Fundraising events: direct expenses
$15,052
-
8c · Net income from fundraising events
total $10,030 · excluded $10,030
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $6,000 · program services $1,500 · management and general $2,700 · fundraising $1,800
-
7 · Other salaries and wages
total $78,833 · program services $55,676 · management and general $13,551 · fundraising $9,606
-
10 · Payroll taxes
total $6,492 · program services $4,375 · management and general $1,244 · fundraising $873
-
11a · Fees: management
total $12,450 · program services $12,450
-
11c · Fees: accounting
total $4,292 · management and general $4,292
-
13 · Office expenses
total $1,541 · management and general $1,541
-
16 · Occupancy
total $9,300 · program services $7,440 · management and general $1,860
-
20 · Interest
total $2,640 · management and general $2,640
-
22 · Depreciation, depletion and amortization
total $19,856 · program services $15,885 · management and general $3,971
-
23 · Insurance
total $12,920 · program services $10,336 · management and general $2,584
-
24a · Other expenses: PROGRAM - EXHIBITION
total $57,174 · program services $57,174
-
24b · Other expenses: PROGRAM - EDUCATION
total $9,548 · program services $9,548
-
24c · Other expenses: PROGRAM - RESIDENCY
total $6,531 · program services $6,531
-
24d · Other expenses: OTHER EXPENSES
total $1,973 · management and general $1,973
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $143,024 · end of year $74,768
-
2 · Savings and temporary cash investments
end of year $16,052
-
10a · Land, buildings and equipment: cost or other basis
$165,747
-
10b · Land, buildings and equipment: accumulated depreciation
$19,856
-
10c · Land, buildings and equipment, net
beginning of year $79,790 · end of year $145,891
-
17 · Accounts payable and accrued expenses
beginning of year $3,934 · end of year $3,227
-
23 · Secured mortgages and notes payable
beginning of year $47,900 · end of year $50,335
-
25 · Other liabilities
beginning of year $1,800 · end of year $1,500
-
27 · Net assets without donor restrictions
beginning of year $157,852 · end of year $181,649
-
28 · Net assets with donor restrictions
beginning of year $11,328 · end of year $0
Mission and programs · 2022
Mission
PROVIDING LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS A VENUE FOR THE PRODUCTION OF, THE EXHIBITION OF, AND EDUCATION THROUGH CONTEMPORARY WORKS OF ART.
-
PROVIDING SPACE AND SUPPORTING SERVICES FOR EXHIBITION OF CONTEMPORARY ART: EXHIBITION INSIDE DEDICATED 7,000 SQ FT FACILITY LOCATED IN CHATTANOOGA ALONG WITH ARTIST/COMMUNITY OUTREACH.
Expenses $104,676 · Revenue $1,572
-
PROVIDING SPACE AND SUPPORTING SERVICES FOR EDUCATIONAL ACTIVITIES THAT DEEPEN CONSTITUENTS' RELATIONSHIP TO AND UNDERSTANDING OF CONTEMPORARY ART, INCLUDING COMMUNITY WORKSHOPS AND FORUMS.
Expenses $52,611
-
PROVIDING SPACE AND SUPPORTING SERVICES FOR RESIDENCY OF CONTEMPORARY ARTISTS: ARTISTS INVITED TO LIVE ON-SITE FOR 1 - 3 MONTHS WITH DEDICATED 9,000 SQ FT FACILITY. ARTISTS GIVEN ACCESS TO WORKSHOPS, PRIVATE STUDIOS, AND COMMUNAL SPACE WITH OPPORTUNITIES TO GENERATE NEW WORK AND EXHIBIT.
Expenses $23,628 · Revenue $8,792
As filed on the 2022 return.
Listed in Part VII
-
Wesley AullWESLEY AULL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Katherine CurrinKATHERINE CURRIN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John Paul HennessyJOHN PAUL HENNESSY
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Leandra LeseurLEANDRA LESEUR
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Fritsl Butler PadgettFRITSL BUTLER PADGETT
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kate Taylor BohemKATE TAYLOR BOHEM
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Whitney BarnesWHITNEY BARNES
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David BarnesDAVID BARNES
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Alexis WillisALEXIS WILLIS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Charlotte CaldwellCHARLOTTE CALDWELL
EXECUTIVE DIRECTOR
- Total calculated
- $6,000
- From this org
- $6,000
- 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
- 2022
- Filed
- 10 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323149349304512
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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