Art Helps Cancer
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$29,970.00
Projected Expenses
$45,057.00
Organizational Budgets and Other Documents
| Budget 2023 | 2023 |
| Budget | 2022 |
IRS Letter of Exemption
| IRS Letter | 2019 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $39,548.00 | $18,769.00 | $64,330.00 |
| Total Expenses | $25,029.00 | $10,839.00 | $10,809.00 |
| Revenue Less Expenses | $14,519.00 | $7,930.00 | $53,521.00 |
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 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $20,654.00 | $15,805.00 | $48,695.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $309.00 | $190.00 | $69.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $18,585.00 | $2,774.00 | $15,566.00 |
| 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 | $1,786.00 | $9,750.00 | $10,809.00 |
| Administration Expense | $23,243.00 | $1,089.00 | $0.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 158% | 173% | 595% |
| Program Expense/Total Expenses | 7% | 90% | 100% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $20,654.00 | Contributions, Gifts, Grants $15,805.00 | Contributions, Gifts, Grants $48,695.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $18,585.00 | Fundraising Events $2,774.00 | Fundraising Events $15,566.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $309.00 | Interest Income $190.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $80,879.00 | $66,360.00 | $58,430.00 |
| Current Assets | $80,879.00 | $66,360.00 | $58,430.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $0.00 | $0.00 | $0.00 |
| Total Net Assets | $80,879.00 | $66,360.00 | $58,430.00 |
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?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| Form 990EZ | 2022 |
| Form 990EZ | 2021 |
| Form 990EZ | 2020 |
| Form 990EZ | 2019 |
Audit Documents
No audit documents are available at this time
CEO/Executive Director/Board Comments
| The Fiscal Year Budget for 2023 shows a projected deficit of $15,087. This budget was based on a very conservative revenue plan and the understanding the FY 2022 ended with cash assets of $80,878 with no liabilities. To date of July 31, FY 2023 assets have increased to $108,996 with zero liabilities. Our annual Art Auction this year far exceeded expectations reaping $55,838 income after expenses. |
Foundation Staff Comments
| Financial figures taken from Form 990EZ. Form 990 was prepared by Succentrix Business Advisors. Comments provided by Hayley Sulfridge 9/27/23. |
