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Nonprofiteer
← ARTS OF HEALING FOUNDATION

Form 990 for tax year 2023

Filed by ARTS OF HEALING FOUNDATION.

Totals

Total revenue
$155,882
Total expenses
$46,820
Contributions and grants received
$15,963
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$139,919
Total assets, end of year
$121,557
Total liabilities, end of year
$102,900
Net assets or fund balances, end of year
$18,657
Program services expenses (Part IX)
$33,330
Management and general expenses
$13,491
Fundraising expenses
$0
Program service expenses (Part III)
$33,330

Program services were 71.2% 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

    $15,963

  • 8a · Fundraising events: gross income

    $519,339

  • 8b · Fundraising events: direct expenses

    $379,420

  • 8c · Net income from fundraising events

    total $139,919

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $5,118 · program services $5,118

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $18,700 · program services $9,350 · management and general $9,350

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $7,865 · program services $3,933 · management and general $3,933

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Bank Fees

    total $208 · management and general $208

  • 24b · Other expenses: Processing Fees

    total $14,929 · program services $14,929

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,495 · end of year $121,557

  • 24 · Unsecured notes and loans payable

    beginning of year $102,900 · end of year $102,900

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$90,405 · end of year $18,657

Mission and programs · 2023

Mission

Physicians representing various fields of medicine will have the opportunity to display their specific art talents, interact with the local community and raise money for a specific medical cause. The foundation will choose different medical causes to benefit from these events and will distribute event proceeds to qualified charities.

Activities or mission (Part I)

To raise money and awareness for various diseases through representations of physicians personal art.

  • To raise money and awareness for various diseases through representations of physicians personal art.

    Expenses $33,330 · Revenue $155,882

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

Listed in Part VII

  • Betsy Montgomery

    Director

    Total calculated
    $0
    Hours/week
    10 + 10 related
  • Kristen Collins

    Director

    Total calculated
    $0
    Hours/week
    10 + 10 related
  • Sarah Collins

    Director

    Total calculated
    $0
    Hours/week
    10 + 10 related
  • Lori Raijman

    President/Director

    Total calculated
    $0
    Hours/week
    10 + 10 related
  • Isaac Raijman

    Secretary/Director

    Total calculated
    $0
    Hours/week
    10 + 10 related

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
27 January 2025
IRS schema version
2023v6.0
Source object
202510279349300891

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