Totals
- Total revenue
- $268,772
- Total expenses
- $251,064
- Contributions and grants received
- $253,400
- Grants paid
- $0
- Program service revenue
- $7,201
- Investment income
- $559
- Other revenue
- $7,612
- Total assets, end of year
- $262,444
- Total liabilities, end of year
- $63,087
- Net assets or fund balances, end of year
- $199,357
- Program services expenses (Part IX)
- $200,646
- Management and general expenses
- $39,643
- Fundraising expenses
- $10,775
- Program service expenses (Part III)
- $200,646
Program services were 79.9% 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.
-
1c · Fundraising events
$2,900
-
1e · Government grants (contributions)
$65,000
-
1f · All other contributions, gifts and grants
$185,500
-
1g · Noncash contributions included above
$900
-
2a · Program service revenue: PROGRAM INCOME
total $7,201 · related or exempt $7,201
-
3 · Investment income
total $559 · excluded $559
-
8a · Fundraising events: gross income
$32,364
-
8a · Fundraising events: contributions included on line 1c
$2,900
-
8b · Fundraising events: direct expenses
$24,752
-
8c · Net income from fundraising events
total $7,612 · excluded $7,612
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 $81,801 · program services $60,633 · management and general $12,978 · fundraising $8,190
-
10 · Payroll taxes
total $6,906 · program services $4,887 · management and general $1,234 · fundraising $785
-
11a · Fees: management
total $12,300 · program services $12,300
-
11c · Fees: accounting
total $5,894 · management and general $5,894
-
13 · Office expenses
total $1,697 · management and general $1,697
-
16 · Occupancy
total $17,522 · program services $14,018 · management and general $3,504
-
20 · Interest
total $2,169 · management and general $2,169
-
22 · Depreciation, depletion and amortization
total $27,574 · program services $22,059 · management and general $5,515
-
23 · Insurance
total $619 · program services $495 · management and general $124
-
24a · Other expenses: PROGRAM - EDUCATION
total $45,527 · program services $45,527
-
24b · Other expenses: PROGRAM - EXHIBITION
total $32,049 · program services $32,049
-
24c · Other expenses: PROGRAM - RESIDENCY
total $7,178 · program services $7,178
-
24d · Other expenses: TRAINING
total $2,500 · management and general $2,500
-
24e · All other expenses
total $1,328 · management and general $1,328
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $74,768 · end of year $81,138
-
2 · Savings and temporary cash investments
beginning of year $16,052 · end of year $46,611
-
10a · Land, buildings and equipment: cost or other basis
$182,125
-
10b · Land, buildings and equipment: accumulated depreciation
$47,430
-
10c · Land, buildings and equipment, net
beginning of year $145,891 · end of year $134,695
-
17 · Accounts payable and accrued expenses
beginning of year $3,227 · end of year $3,435
-
23 · Secured mortgages and notes payable
beginning of year $50,335 · end of year $50,044
-
25 · Other liabilities
beginning of year $1,500 · end of year $9,608
-
27 · Net assets without donor restrictions
beginning of year $181,649 · end of year $170,745
-
28 · Net assets with donor restrictions
end of year $28,612
Mission and programs · 2023
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 $94,718
-
PROVIDING SPACE AND SUPPORTING SERVICES FOR EDUCATIONAL ACTIVITIES THAT DEEPEN CONSTITUENTS' RELATIONSHIP TO AND UNDERSTANDING OF CONTEMPORARY ART, INCLUDING COMMUNITY WORKSHOPS AND FORUMS.
Expenses $78,624 · Revenue $7,201
-
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 $27,304
As filed on the 2023 return.
Listed in Part VII
-
Fritsl Butler PadgettFRITSL BUTLER PADGETT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Kate Taylor BohemKATE TAYLOR BOHEM
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Leandra LeseurLEANDRA LESEUR
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Melanie SilvaMELANIE SILVA
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Charita AllenCHARITA ALLEN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Angie ToANGIE TO
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chandra WardCHANDRA WARD
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
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441359349305174
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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