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Nonprofiteer
← BLUEFIELD ARTS AND REVITALIZATION CORPORATION

Form 990 for tax year 2023

Filed by BLUEFIELD ARTS AND REVITALIZATION CORPORATION.

Totals

Total revenue
$1,356,723
Total expenses
$469,555
Contributions and grants received
$1,042,096
Grants paid
$0
Program service revenue
$57,202
Investment income
$33,346
Other revenue
$224,079
Total assets, end of year
$4,935,375
Total liabilities, end of year
$343,528
Net assets or fund balances, end of year
$4,591,847
Program services expenses (Part IX)
$89,918
Management and general expenses
$379,637
Fundraising expenses
$0
Program service expenses (Part III)
$89,918

Program services were 19.1% 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

    $1,042,096

  • 2a · Program service revenue: ARTS CENTER

    total $57,202 · related or exempt $57,202

  • 3 · Investment income

    total $33,346 · excluded $33,346

  • 6a · Gross rents

    real property $10,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $10,000

  • 6d · Net rental income or loss

    total $10,000 · excluded $10,000

  • 11a · Other revenue: MANAGEMENT FEE

    total $214,079 · related or exempt $214,079

  • 11e · Other revenue, total

    $214,079

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $60,577 · management and general $60,577

  • 7 · Other salaries and wages

    total $111,736 · management and general $111,736

  • 8 · Pension plan contributions

    total $1,073 · management and general $1,073

  • 9 · Other employee benefits

    total $25,793 · management and general $25,793

  • 10 · Payroll taxes

    total $15,168 · management and general $15,168

  • 11b · Fees: legal

    total $11,215 · management and general $11,215

  • 11c · Fees: accounting

    total $20,289 · management and general $20,289

  • 11g · Fees: other

    total $27,914 · management and general $27,914

  • 12 · Advertising and promotion

    total $21,052 · management and general $21,052

  • 13 · Office expenses

    total $9,532 · management and general $9,532

  • 16 · Occupancy

    total $52,797 · management and general $52,797

  • 17 · Travel

    total $2,557 · management and general $2,557

  • 20 · Interest

    total $10,280 · program services $10,280

  • 23 · Insurance

    total $15,720 · management and general $15,720

  • 24a · Other expenses: GRANADA THEATRE EXPENSE

    total $34,744 · program services $34,744

  • 24b · Other expenses: ART CENTER EXPENSES

    total $26,077 · program services $26,077

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $18,817 · program services $18,817

  • 24d · Other expenses: MISCELLANEOUS COSTS

    total $4,214 · management and general $4,214

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $233,985 · end of year $419,290

  • 4 · Accounts receivable

    beginning of year $14,417 · end of year $89,401

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

    $61,173

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $40,000 · end of year $61,173

  • 15 · Other assets

    beginning of year $4,365,511 · end of year $4,365,511

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,234 · end of year $3,528

  • 25 · Other liabilities

    beginning of year $940,000 · end of year $340,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,104,833 · end of year $1,232,001

  • 28 · Net assets with donor restrictions

    beginning of year $2,599,846 · end of year $3,359,846

Mission and programs · 2023

Mission

TO USE THE ARTS TO CREATE OPPORTUNITIES FOR EDUCATION, EMPLOYMENT, AND ENTERTAINMENT IN DOWNTOWN BLUEFIELD.

Activities or mission (Part I)

TO USE THE ARTS TO CREATE OPPORTUNITIES FOR EDUCATION, EMPLOYMENT AND ENTERTAINMENT IN DOWNTOWN BLUEFIELD.

  • IMPROVEMENT AND PRESERVATION OF BLUEFIELD THROUGH COMMUNITY PROGRAMS AND RESTORATION PROJECTS.

    Expenses $89,918 · Revenue $271,281

As filed on the 2023 return.

Listed in Part VII

  • Rob Linkous

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Debrah Ammar

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Cindy Stonestreet

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Cindy Kantor Kraft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Jenks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doris Sue Kantor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gail Satterfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Skip Crane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mimi Merritt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Tracey

    EXECUTIVE DIRECTOR

    Total calculated
    $60,577
    From this org
    $60,577
    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
5 September 2024
IRS schema version
2023v5.1
Source object
202423179349303582

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