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Nonprofiteer
← BLUEFIELD ARTS AND REVITALIZATION CORPORATION

Form 990 for tax year 2022

Filed by BLUEFIELD ARTS AND REVITALIZATION CORPORATION.

Totals

Total revenue
$455,792
Total expenses
$258,495
Contributions and grants received
$190,541
Grants paid
$0
Program service revenue
$44,795
Investment income
$16,370
Other revenue
$204,086
Total assets, end of year
$4,653,913
Total liabilities, end of year
$949,234
Net assets or fund balances, end of year
$3,704,679
Program services expenses (Part IX)
$31,475
Management and general expenses
$227,020
Fundraising expenses
$0
Program service expenses (Part III)
$31,475

Program services were 12.2% 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

    $190,541

  • 1g · Noncash contributions included above

    $40,000

  • 2a · Program service revenue: ARTS CENTER

    total $39,339 · related or exempt $39,339

  • 2b · Program service revenue: GRANADA THEATER

    total $5,456 · related or exempt $5,456

  • 3 · Investment income

    total $16,370 · excluded $16,370

  • 6a · Gross rents

    real property $15,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $15,000

  • 6d · Net rental income or loss

    total $15,000 · excluded $15,000

  • 11a · Other revenue: DEVELOPER FEE

    total $119,036 · related or exempt $119,036

  • 11b · Other revenue: MANAGEMENT FEE

    total $70,050 · related or exempt $70,050

  • 11e · Other revenue, total

    $189,086

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $75,000 · management and general $75,000

  • 7 · Other salaries and wages

    total $89,350 · management and general $89,350

  • 8 · Pension plan contributions

    total $2,400 · management and general $2,400

  • 9 · Other employee benefits

    total $29,419 · management and general $29,419

  • 10 · Payroll taxes

    total $13,473 · management and general $13,473

  • 11c · Fees: accounting

    total $81,999 · management and general $81,999

  • 11g · Fees: other

    total $1,450 · management and general $1,450

  • 12 · Advertising and promotion

    total $20,772 · management and general $20,772

  • 16 · Occupancy

    total $33,973 · management and general $33,973

  • 17 · Travel

    total $792 · management and general $792

  • 20 · Interest

    total $6,500 · program services $6,500

  • 23 · Insurance

    total $12,337 · management and general $12,337

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $19,750 · management and general $19,750

  • 24b · Other expenses: ART CENTER EXPENSES

    total $15,991 · program services $15,991

  • 24c · Other expenses: GRANADA THEATER EXPENSE

    total $7,173 · program services $7,173

  • 24d · Other expenses: OTHER EXPENSES

    total $6,470 · management and general $6,470

  • 24e · All other expenses

    total -$158,354 · program services $1,811 · management and general -$160,165

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $298,489 · end of year $233,985

  • 4 · Accounts receivable

    beginning of year $66,500 · end of year $14,417

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

    $40,000

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $40,000

  • 15 · Other assets

    beginning of year $3,146,984 · end of year $4,365,511

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,591 · end of year $9,234

  • 25 · Other liabilities

    beginning of year $0 · end of year $940,000

  • 27 · Net assets without donor restrictions

    beginning of year $898,552 · end of year $1,104,833

  • 28 · Net assets with donor restrictions

    beginning of year $2,608,830 · end of year $2,599,846

Mission and programs · 2022

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 $31,475 · Revenue $233,881

As filed on the 2022 return.

Listed in Part VII

  • 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
    $75,000
    From this org
    $75,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rob Linkous

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Debrah Ammar

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Cindy Kantor Kraft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Stonestreet

    SECRETARY

    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
20 October 2023
IRS schema version
2022v5.0
Source object
202312969349300511

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