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← ARTS OF SOUTHERN KENTUCKY FOUNDATION INC

Form 990 for tax year 2023

Filed by ARTS OF SOUTHERN KENTUCKY FOUNDATION INC.

Totals

Total revenue
$246,540
Total expenses
$60,019
Contributions and grants received
$23,500
Grants paid
$48,000
Program service revenue
$0
Investment income
$223,040
Other revenue
$0
Total assets, end of year
$1,624,142
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,624,142
Program services expenses (Part IX)
$60,019
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$60,019

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $23,500

  • 3 · Investment income

    total $223,040 · excluded $223,040

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,000 · program services $48,000

  • 11c · Fees: accounting

    total $1,250 · program services $1,250

  • 11f · Fees: investment management

    total $10,759 · program services $10,759

  • 13 · Office expenses

    total $10 · program services $10

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $37,025 · end of year $58,374

  • 12 · Investments: other securities

    beginning of year $4,031,321 · end of year $1,565,768

  • 17 · Accounts payable and accrued expenses

    beginning of year $999

  • 25 · Other liabilities

    beginning of year $2,629,726

  • 27 · Net assets without donor restrictions

    beginning of year $1,074,088 · end of year $1,242,173

  • 28 · Net assets with donor restrictions

    beginning of year $363,533 · end of year $381,969

Mission and programs · 2023

Mission

THE FOUNDATION WAS FORMED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE CODE OR THE CORRESPONDING PROVISIONS OF ANY FUTURE TAX CODE OR LAWS. THE FOUNDATION IS A SUPPORTING CORPORATION OF ARTS OF SOUTHERN KENTUCKY, INC.

Activities or mission (Part I)

THE FOUNDATION IS A SUPPORTING CORPORATION OF ARTS OF SOUTHERN KENTUCKY, INC.

  • THE FOUNDATION IS A SUPPORTING CORPORATION OF ARTS OF SOUTHERN KENTUCKY, INC.

    Expenses $60,019 · Grants $48,000

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

Listed in Part VII

  • Tom Boussard

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Barbie Tatman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Gary Broady

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lora Patton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rick Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harold Little

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beth McKinney

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Brad Wheeler

    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

Provenance

Return type
form_990
Tax year
2023
Filed
1 April 2025
IRS schema version
2023v6.0
Source object
202531059349300918

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