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← ARC SALON FOUNDATION INC

Form 990 for tax year 2024

Filed by ARC SALON FOUNDATION INC.

Totals

Total revenue
$462,076
Total expenses
$289,441
Contributions and grants received
$99,129
Grants paid
$106,500
Program service revenue
$362,947
Investment income
$0
Other revenue
$0
Total assets, end of year
$701,734
Total liabilities, end of year
$493,406
Net assets or fund balances, end of year
$208,328
Program services expenses (Part IX)
$234,806
Management and general expenses
$54,635
Fundraising expenses
$0
Program service expenses (Part III)
$234,806

Program services were 81.1% 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

    $99,129

  • 1g · Noncash contributions included above

    $96,629

  • 2a · Program service revenue: PROGRAM FEE - SPECIAL

    total $347,947 · related or exempt $347,947

  • 2b · Program service revenue: SPONSOR REVENUE

    total $15,000 · related or exempt $15,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,500 · program services $27,500

  • 2 · Grants to domestic individuals

    total $79,000 · program services $79,000

  • 5 · Compensation of officers, directors and key employees

    total $50,000 · program services $50,000

  • 11b · Fees: legal

    total $20,659 · management and general $20,659

  • 11g · Fees: other

    total $78,306 · program services $78,306

  • 12 · Advertising and promotion

    total $13,954 · management and general $13,954

  • 13 · Office expenses

    total $3,845 · management and general $3,845

  • 17 · Travel

    total $3,600 · management and general $3,600

  • 23 · Insurance

    total $933 · management and general $933

  • 24a · Other expenses: BANK FEES

    total $11,644 · management and general $11,644

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $368,544 · end of year $359,868

  • 7 · Other notes and loans receivable

    beginning of year $65,433 · end of year $40,713

  • 9 · Prepaid expenses and deferred charges

    end of year $34,063

  • 15 · Other assets

    beginning of year $99,903 · end of year $267,090

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,707 · end of year $49,911

  • 25 · Other liabilities

    beginning of year $401,480 · end of year $443,495

  • 27 · Net assets without donor restrictions

    beginning of year $43,000 · end of year $208,328

Mission and programs · 2024

Mission

THE ARC SALON FOUNDATION IS DEDICATED TO HELPING REPRESENTATIONAL ARTISTS WHO UTILIZE TRADITIONAL TRAINING METHODS AND TECHNIQUES IN THE VISUAL ARTS GAIN EXPOSURE FOR THEIR WORK AND OFFER OPPORTUNITIES TO BUILD THEIR CAREERS THROUGH OUR WEBSITE AND PARTNERING ORGANIZATIONS. THE MAIN GOAL IS ALSO TO EDUCATE THE GENERAL PUBLIC ON TRADITIONAL ART AND TO SUPPORT HEALTHY AND POSITIVE FORMS OF INTERNATIONAL CULTURAL EXCHANGE.

Activities or mission (Part I)

THE ARC SALON FOUNDATION IS DEDICATED TO HELPING REPRESENTATIONAL ARTISTS WHO UTILIZE TRADITIONAL TRAINING METHODS AND TECHNIQUES IN THE VISUAL ARTS GAIN EXPOSURE FOR THEIR WORK AND OFFER OPPORTUNITIES TO BUILD THEIR CAREERS THROUGH OUR WEBSITE AND PARTNERING ORGANIZATIONS. THE GOAL IS ALSO TO EDUCATE THE GENERAL PUBLIC ON TRADITIONAL ART AND TO SUPPORT HEALTHY AND POSITIVE FORMS OF INTERNATIONAL CULTURAL EXCHANGE.

  • THE ORGANIZATION HELD A COMPETITION DEDICATED TO PAINTERS WHO PAINT IN THE REALISTIC TRADITION. THE ORGANIZATION ALSO PAIRED REALISTIC ARTISTS WITH ARTISTS FROM OTHER MODALITIES SUCH AS FASHION DESIGNERS, IN ORDER TO COLLABORATE.

    Expenses $234,806 · Grants $106,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Fred Ross

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Kara Ross-Colon

    CO-CHAIRMAN

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Charlotte Ross

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Sean Colon

    TREASURER

    Total calculated
    $0
    Hours/week
    5

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.5
Source object
202611329349303276

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