Bravo Creative Arts Center Inc.
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$260,000.00
Projected Expenses
$260,000.00
Organizational Budgets and Other Documents
| Bravo Budget | 2024 |
| Bravo Budget | 2023 |
| Bravo Creative Arts Center Budget | 2022 |
| Bravo Creative Arts Center Budget | 2021 |
| Bravo Creative Arts Center Budget | 2020 |
| Bravo Budget | 2019 |
IRS Letter of Exemption
| Bravo Creative Arts Center Inc IRS Ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $181,613.00 | $282,127.00 | $152,083.00 |
| Total Expenses | $252,934.00 | $229,045.00 | $209,982.00 |
| Revenue Less Expenses | ($71,321.00) | $53,082.00 | ($57,899.00) |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $136,483.00 | $0.00 |
| Contributions, Gifts, and Grants | $60,093.00 | $145,644.00 | $67,308.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $121,520.00 | $0.00 | $84,775.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $235,833.00 | $211,650.00 | $206,520.00 |
| Administration Expense | $17,101.00 | $17,395.00 | $3,462.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 72% | 123% | 72% |
| Program Expense/Total Expenses | 93% | 92% | 98% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $121,520.00 | Contributions, Gifts, Grants $145,644.00 | Program Revenue $84,775.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $60,093.00 | Government Grants $136,483.00 | Contributions, Gifts, and Grants $67,308.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | $0.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $66,359.00 | $137,711.00 | $75,316.00 |
| Current Assets | $55,212.00 | $126,564.00 | $63,409.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $18,433.00 |
| Current Liabilities | $31,014.00 | $31,045.00 | $3,299.00 |
| Total Net Assets | $35,345.00 | $106,666.00 | $53,584.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Solicitations Permit
Form 990s
Audit Documents
No audit documents are available at this time
Foundation Staff Comments
| In all years but 2020, financial data taken from Form 990. In 2020, financial data taken from Form 990EZ. Forms 990/990EZcompleted by The Foundation Group Inc. Comment provided by Hayley Sulfridge 3/1/24. |
