Form 990 for tax year 2022
Filed by MICHIGAN INSTITUTE FOR CONTEMPORARY ART.
Totals
- Total revenue
- $202,116
- Total expenses
- $228,249
- Contributions and grants received
- $62,146
- Grants paid
- $0
- Program service revenue
- $139,970
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $583,722
- Total liabilities, end of year
- $195,557
- Net assets or fund balances, end of year
- $388,165
- Program services expenses (Part IX)
- $172,968
- Management and general expenses
- $51,244
- Fundraising expenses
- $4,037
- Program service expenses (Part III)
- $172,968
Program services were 75.8% 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.
-
1e · Government grants (contributions)
$37,292
-
1f · All other contributions, gifts and grants
$24,854
-
2a · Program service revenue: SPONSORS
total $71,510 · related or exempt $71,510
-
2b · Program service revenue: MANAGEMENT FEES
total $26,000 · related or exempt $26,000
-
2c · Program service revenue: WRISTBAND SALES
total $25,162 · related or exempt $25,162
-
2d · Program service revenue: FESTIVAL SALES
total $4,213 · related or exempt $4,213
-
2e · Program service revenue: GALLERY RENTAL
total $3,659 · related or exempt $3,659
-
2f · All other program service revenue
total $9,426 · related or exempt $9,426
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $18,000 · management and general $18,000
-
7 · Other salaries and wages
total $11,700 · program services $8,190 · management and general $585 · fundraising $2,925
-
10 · Payroll taxes
total $2,272 · program services $1,590 · management and general $114 · fundraising $568
-
11b · Fees: legal
total $3,000 · program services $3,000
-
11c · Fees: accounting
total $15,010 · program services $1,190 · management and general $13,395 · fundraising $425
-
11e · Fees: professional fundraising services
total $119 · fundraising $119
-
11g · Fees: other
total $13,955 · program services $13,955
-
12 · Advertising and promotion
total $16,450 · program services $16,450
-
13 · Office expenses
total $6,861 · program services $1,061 · management and general $5,800
-
14 · Information technology
total $493 · program services $493
-
19 · Conferences, conventions and meetings
total $2,255 · program services $2,255
-
20 · Interest
total $11,151 · management and general $11,151
-
22 · Depreciation, depletion and amortization
total $8,659 · program services $6,927 · management and general $1,732
-
23 · Insurance
total $4,093 · program services $4,093
-
24a · Other expenses: PERFORMERS EXPENSE
total $24,033 · program services $24,033
-
24b · Other expenses: STAGE EXPENSES
total $9,855 · program services $9,855
-
24c · Other expenses: COST OF GOODS SOLD
total $8,875 · program services $8,875
-
24d · Other expenses: EQUIPMENT/ SPACE RENTAL
total $7,325 · program services $7,325
-
24e · All other expenses
total $64,143 · program services $63,676 · management and general $467
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $61,579 · end of year $24,942
-
4 · Accounts receivable
beginning of year $11,105 · end of year $18,563
-
10a · Land, buildings and equipment: cost or other basis
$61,699
-
10b · Land, buildings and equipment: accumulated depreciation
$11,907
-
10c · Land, buildings and equipment, net
beginning of year $58,451 · end of year $49,792
-
15 · Other assets
beginning of year $490,425 · end of year $490,425
-
24 · Unsecured notes and loans payable
beginning of year $207,262 · end of year $195,557
-
31 · Retained earnings, endowment or other funds
beginning of year $414,298 · end of year $388,165
Mission and programs · 2022
Mission
COMMUNITY EVENTS SUCH AS JAZZFEST, BLUESFEST, ART GALLERY AND OTHER EVENTS THAT BRING ARTISTS TOGETHER WITH AUDIENCES AND THAT PROMOTE THE LANSING OLD TOWN BUSINESS DISTRICT.
-
COMMUNITY EVENTS SUCH AS JAZZFEST, BLUESFEST, ART GALLERY AND OTHER EVENTS THAT BRING ARTISTS TOGETHER WITH AUDIENCES AND THAT PROMOTE THE BUSINESS DISTRICT.
Expenses $172,968
As filed on the 2022 return.
Listed in Part VII
-
Tammy SlavikTAMMY SLAVIK
SECRETARY/TR
- Total calculated
- $18,000
- From this org
- $18,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 25
-
Matthew AndersonMATTHEW ANDERSON
TRUSTEE/DIRE
- Total calculated
- $0
-
David BarrDAVID BARR
BOARD MEMBER
- Total calculated
- $0
-
Tim FedewaTIM FEDEWA
TRUSTEE/DIRE
- Total calculated
- $0
-
Carol HildebrandCAROL HILDEBRAND
TRUSTEE/DIRE
- Total calculated
- $0
-
Marcus JeffersonMARCUS JEFFERSON
TRUSTEE/DIRE
- Total calculated
- $0
-
Brandon LeathersBRANDON LEATHERS
BOARD MEMBER
- Total calculated
- $0
-
Stacie NoelSTACIE NOEL
TRUSTEE/DIRE
- Total calculated
- $0
-
Lisa Whiting-DobsonLISA WHITING-DOBSON
TRUSTEE/DIRE
- Total calculated
- $0
-
Joe WinkielJOE WINKIEL
TRUSTEE/DIRE
- Total calculated
- $0
-
G Thomas CatheyG THOMAS CATHEY
VICE PRESIDE
- Total calculated
- $0
-
Terry N TerryTERRY N TERRY
PRESIDENT
- Total calculated
- $0
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
- 13 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401939349301915
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