Form 990 for tax year 2023
Filed by GUMA GUAM UNIQUE MERCHANDISE ART INC.
Totals
- Total revenue
- $579,642
- Total expenses
- $597,912
- Contributions and grants received
- $579,642
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $355,498
- Total liabilities, end of year
- $152,438
- Net assets or fund balances, end of year
- $203,060
- Program services expenses (Part IX)
- $428,271
- Management and general expenses
- $157,475
- Fundraising expenses
- $12,166
- Program service expenses (Part III)
- $428,271
Program services were 71.6% 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.
-
1c · Fundraising events
$6,628
-
1e · Government grants (contributions)
$571,014
-
1f · All other contributions, gifts and grants
$2,000
-
8a · Fundraising events: contributions included on line 1c
$6,628
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $114,211 · program services $114,211 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $8,639 · program services $8,639 · management and general $0 · fundraising $0
-
11a · Fees: management
total $70,551 · program services $0 · management and general $70,551 · fundraising $0
-
11b · Fees: legal
total $1,989 · program services $0 · management and general $1,989 · fundraising $0
-
11e · Fees: professional fundraising services
total $12,166 · fundraising $12,166
-
12 · Advertising and promotion
total $20,948 · program services $0 · management and general $20,948 · fundraising $0
-
13 · Office expenses
total $338 · program services $0 · management and general $338 · fundraising $0
-
14 · Information technology
total $164,577 · program services $153,123 · management and general $11,454 · fundraising $0
-
17 · Travel
total $4,958 · program services $0 · management and general $4,958 · fundraising $0
-
19 · Conferences, conventions and meetings
total $46,476 · program services $30,664 · management and general $15,812 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $146,025 · program services $121,634 · management and general $24,391 · fundraising $0
-
24a · Other expenses: Business meals
total $39 · program services $0 · management and general $39 · fundraising $0
-
24b · Other expenses: Subscriptions
total $355 · program services $0 · management and general $355 · fundraising $0
-
24c · Other expenses: Bank fees
total $465 · program services $0 · management and general $465 · fundraising $0
-
24d · Other expenses: Rent
total $6,175 · program services $0 · management and general $6,175 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $561,245 · end of year $193,131
-
4 · Accounts receivable
beginning of year $4,000
-
10a · Land, buildings and equipment: cost or other basis
$359,020
-
10b · Land, buildings and equipment: accumulated depreciation
$196,653
-
10c · Land, buildings and equipment, net
beginning of year $157,016 · end of year $162,367
-
17 · Accounts payable and accrued expenses
beginning of year $3,707 · end of year $29,241
-
19 · Deferred revenue
beginning of year $497,224 · end of year $123,197
-
27 · Net assets without donor restrictions
beginning of year $221,330 · end of year $203,060
Mission and programs · 2023
Mission
The primary purpose of the organization shall be to mentor, support, and develop aspiring local artists, cultural producers and entrepreneurs, transforming their creativity, skills, and innovative spirit into self-sustainable marketable product of the highest quality that are uniquely Guam.
-
I Bisinun Mami (IBM) Training & Program- condensed training geared specifically to home-based business startups.
Expenses $153,514
-
IBM Microgrant Support Program that disburses $3,000 cash to IBM Training & Program graduates who apply for start-up funding
Expenses $153,123
-
Incubator Program - grant opportunity for Training & Mentoring graduates who apply for capital investment from GUMA
Expenses $121,634
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Marvin Manibusan
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Francis Guerrero
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Vincent C Camacho
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Matthew Cruz
Finance Director
- Total calculated
- $0
- Hours/week
- 1
-
Monica Guzman
Executive Director
- Total calculated
- $0
- Hours/week
- 28
-
Joann Camacho
Secretary
- Total calculated
- $0
- Hours/week
- 1
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
- 22 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421459349300002
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