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Nonprofiteer
← NATIONAL ARTS STRATEGIES INC

Form 990 for tax year 2023

Filed by NATIONAL ARTS STRATEGIES INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 20 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$1,313,986
Total expenses
$2,651,696
Contributions and grants received
$754,418
Grants paid
$320,000
Program service revenue
$255,588
Investment income
$303,980
Other revenue
$0
Total assets, end of year
$8,211,592
Total liabilities, end of year
$248,542
Net assets or fund balances, end of year
$7,963,050
Program services expenses (Part IX)
$2,094,370
Management and general expenses
$478,401
Fundraising expenses
$78,925
Program service expenses (Part III)
$2,094,370

Program services were 79.0% 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

    $754,418

  • 2a · Program service revenue: COACHING FEES

    total $189,169 · related or exempt $189,169

  • 2b · Program service revenue: PROJECT FEES

    total $66,419 · related or exempt $66,419

  • 3 · Investment income

    total $127,506 · excluded $127,506

  • 7a · Gross sales of assets other than inventory

    securities $1,213,810

  • 7b · Less cost or other basis and sales expenses

    securities $1,037,336

  • 7c · Gain or loss

    securities $176,474

  • 7d · Net gain or loss

    total $176,474 · related or exempt $176,474

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $115,000 · program services $115,000

  • 2 · Grants to domestic individuals

    total $205,000 · program services $205,000

  • 5 · Compensation of officers, directors and key employees

    total $225,005 · program services $135,003 · management and general $45,001 · fundraising $45,001

  • 7 · Other salaries and wages

    total $601,270 · program services $478,846 · management and general $97,704 · fundraising $24,720

  • 8 · Pension plan contributions

    total $11,864 · program services $7,568 · management and general $3,611 · fundraising $685

  • 9 · Other employee benefits

    total $118,917 · program services $101,536 · management and general $13,263 · fundraising $4,118

  • 10 · Payroll taxes

    total $58,433 · program services $43,948 · management and general $10,084 · fundraising $4,401

  • 11b · Fees: legal

    total $8,891 · program services $5,883 · management and general $3,008

  • 11c · Fees: accounting

    total $19,128 · management and general $19,128

  • 11f · Fees: investment management

    total $33,981 · management and general $33,981

  • 11g · Fees: other

    total $434,766 · program services $287,596 · management and general $147,170

  • 13 · Office expenses

    total $12,448 · program services $5,176 · management and general $7,272

  • 16 · Occupancy

    total $229,922 · program services $179,323 · management and general $50,599

  • 17 · Travel

    total $104,962 · program services $98,495 · management and general $6,467

  • 22 · Depreciation, depletion and amortization

    total $4,540 · management and general $4,540

  • 23 · Insurance

    total $19,015 · management and general $19,015

  • 24a · Other expenses: PROGRAM DEVELOPMENT

    total $288,044 · program services $288,044

  • 24b · Other expenses: COMMUNICATIONS

    total $80,520 · program services $65,661 · management and general $14,859

  • 24c · Other expenses: OTHER WORKSHOP EXPENSES

    total $72,165 · program services $70,860 · management and general $1,305

  • 24d · Other expenses: MISCELLANEOUS

    total $5,542 · program services $5,542

  • 24e · All other expenses

    total $2,283 · program services $889 · management and general $1,394

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,750,276 · end of year $4,093,382

  • 3 · Pledges and grants receivable

    beginning of year $1,929,200 · end of year $0

  • 4 · Accounts receivable

    beginning of year -$7 · end of year $66,412

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,338 · end of year $45,831

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

    $39,284

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

    $33,987

  • 10c · Land, buildings and equipment, net

    beginning of year $9,837 · end of year $5,297

  • 11 · Investments: publicly traded securities

    beginning of year $3,631,203 · end of year $3,967,073

  • 15 · Other assets

    beginning of year $70,815 · end of year $33,597

  • 17 · Accounts payable and accrued expenses

    beginning of year $216,774 · end of year $211,109

  • 19 · Deferred revenue

    beginning of year $148,368 · end of year $3,227

  • 25 · Other liabilities

    beginning of year $76,442 · end of year $34,206

  • 27 · Net assets without donor restrictions

    beginning of year $4,387,907 · end of year $4,548,220

  • 28 · Net assets with donor restrictions

    beginning of year $4,588,171 · end of year $3,414,830

Mission and programs · 2023

Mission

TO EDUCATE, STRENGTHEN AND STABILIZE THE MANAGEMENT AND LEADERSHIP OF NONPROFIT ARTS ORGANIZATIONS BY OFFERING A COMBINATION OF TECHNICAL ASSISTANCE, EXECUTIVE EDUCATION AND GRANT AWARDS WITH THE ASSISTANCE OF FUNDERS.

Activities or mission (Part I)

TO EDUCATE, STRENGTHEN AND STABILIZE THE MANAGEMENT AND LEADERSHIP OF NONPROFIT ARTS ORGANIZATIONS BY OFFERING A COMBINATION OF TECHNICAL ASSISTANCE AND EXECUTIVE EDUCATION.

  • ARTS AND CULTURE STRATEGIES: A MULTI-YEAR PROCESS THAT STRENGTHENS ORGANIZATIONS AND INDIVIDUALS BY HELPING AND COACHING THEM TO DEVELOP STRONGER MANAGEMENT, ORGANIZATIONAL, AND FINANCIAL PRACTICES TO THE ULTIMATE BENEFIT OF THEIR CREATIVE MISSIONS. THE PROCESS AIMS TO CREATE LOCAL COMMUNITY BUILDING ENGAGEMENT ACTIVITIES AND THE ONGOING CAPACITY TO RESPOND TO CHANGES IN THE EXTERNAL ENVIRONMENT.

    Expenses $1,840,966 · Grants $90,000 · Revenue $255,588

  • EDUCATION PROGRAM: FOR ARTS MANAGERS AND BOARD MEMBERS IN THEIR COMMUNITIES AND NATIONWIDE. NAS DELIVERS THIS PROGRAM WITH THE ASSISTANCE OF MULTI-YEAR GRANTS FROM NATIONAL AND REGIONAL FOUNDATIONS AND HAS DEVELOPED ONLINE COMMUNITY AND LEADERSHIP EDUCATION PROGRAMS IN CORE BUSINESS AREAS SUCH AS, STRATEGY, FINANCE, COMMUNITY & CULTURE, LEADING INNOVATION, EVALUATION, DIVERSITY AND SOCIAL CHANGE. THE PROGRAMS COMBINE THEORETICAL FRAMEWORKS WITH PRACTICAL APPLICATION, AND DRAW FACULTY FROM THE LEADING GRADUATE SCHOOLS OF BUSINESS. NAS PARTNERED WITH UNIVERSITIES FOR RESIDENTIAL EDUCATION PROGRAM IN ARTS AND CULTURE STRATEGY, CREATIVE COMMUNITY FELLOWS AND ALUMNI PROGRAM AND CREATIVE COMMUNITY HOUSE NE PROGRAMS.

    Expenses $253,404 · Grants $230,000

As filed on the 2023 return.

Listed in Part VII

  • Alexander Gibson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Kendra Whitlock Ingram

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Torrie Allen

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.5

  • Jeff Malloy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Kristina Newman-Scott

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.5

  • Josephine Ramirez

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Sidney Hargro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Jung-Suk Ryu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Gail Crider

    PRESIDENT & CEO

    Total calculated
    $223,813
    From this org
    $194,508
    From related orgs
    $0
    Other
    $29,305
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $194,508
    Bonus
    $0
    Other
    $0
    Deferred
    $5,420
    Nontaxable benefits
    $23,885
    Filer's total
    $223,813

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
9 October 2024
IRS schema version
2023v5.1
Source object
202402839349301820

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