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Nonprofiteer
← THE PERFORMING ARTS STUDIO INC

Form 990 for tax year 2022

Filed by THE PERFORMING ARTS STUDIO INC.

Totals

Total revenue
$213,019
Total expenses
$186,314
Contributions and grants received
$215,132
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$2,113
Total assets, end of year
$38,915
Total liabilities, end of year
-$19,109
Net assets or fund balances, end of year
$58,024
Program services expenses (Part IX)
$186,314
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$186,314

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.

  • 1b · Membership dues

    $10,553

  • 1e · Government grants (contributions)

    $116,815

  • 1f · All other contributions, gifts and grants

    $87,764

  • 10b · Cost of goods sold

    $2,113

  • 10c · Net income from sales of inventory

    total -$2,113 · related or exempt -$2,113

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $25,000 · program services $25,000

  • 7 · Other salaries and wages

    total $43,239 · program services $43,239

  • 10 · Payroll taxes

    total $5,275 · program services $5,275

  • 11c · Fees: accounting

    total $450 · program services $450

  • 11g · Fees: other

    total $1,955 · program services $1,955

  • 12 · Advertising and promotion

    total $717 · program services $717

  • 13 · Office expenses

    total $16,006 · program services $16,006

  • 23 · Insurance

    total $13,556 · program services $13,556

  • 24a · Other expenses: ARTISIT COMMISSIONS

    total $15,635 · program services $15,635

  • 24b · Other expenses: FEES

    total $3,364 · program services $3,364

  • 24c · Other expenses: MAINTENANCE

    total $360 · program services $360

  • 24d · Other expenses: SUBSCRIPTIONS

    total $3,543 · program services $3,543

  • 24e · All other expenses

    total $57,214 · program services $57,214

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,153 · end of year $27,565

  • 8 · Inventories for sale or use

    beginning of year $221

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,408

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

    $11,350

  • 10c · Land, buildings and equipment, net

    beginning of year $9,536 · end of year $11,350

  • 19 · Deferred revenue

    end of year -$21,009

  • 25 · Other liabilities

    beginning of year -$1,343 · end of year $1,900

  • 27 · Net assets without donor restrictions

    beginning of year $41,661 · end of year $58,024

Mission and programs · 2022

Mission

CREATE AND/OR PRESENT EXCELLENT FINE ART.

  • GALLEY EXHIBITIONS HELD AR THE DEPOT ALLOWS THE GENERAL PUBLIC TO VIEW WORKS OF LOCAL ARTISTIS. ART WORK ROTATES THROUGHTOUT THE YEAR

    Expenses $186,314 · Revenue $213,019

As filed on the 2022 return.

Listed in Part VII

  • Danielle Tipton

    EVENTS COORDINATOR

    Total calculated
    $0
    Hours/week
    20

  • Shari Jackson

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • Galadriel Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Don Schooler

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Mark McClellan

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Bianca Gordon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Niki Leonard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gabee Rolla Danley

    SECRETRAY

    Total calculated
    $0
    Hours/week
    2

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
11 October 2023
IRS schema version
2022v5.0
Source object
202441589349300444

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