2023-10-30T15:55:27-05:00 2022-12-31 721396621 CARR RIGGS & INGRAM LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2022-01-01 461187688 SANDY SPRINGS ARTS FOUNDATION INC SAND 6782223437 10 GLENLAKE PKWY SUITE 130 SANDY SPRINGS GA 30328 MEADE SUTTERFIELD BOARD CHAIR 6782223437 2023-10-26 1 MEADE SUTTERFIELD 999009999 1 STANLEY M SMITH II P00319916 7703948000 2023-10-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MEADE SUTTERFIELD 10 GLENLAKE PKWY SUITE 130 SANDY SPRINGS GA 30328 402246 0 X WWW.SSARTS.ORG X 2012 GA THE ORGANIZATION'S MISSION IS TO PROVIDE ALL SANDY SPRINGS RESIDENTS WITH ACCESS TO LIFE-ENRICHING ARTS EXPERIENCES AND ARTS EDUCATIONAL OPPORTUNITIES. WE EXIST TO ENHANCE THE QUALITY OF LIFE FOR SANDY SPRINGS RESIDENTS BY PROVIDING FINANCIAL SUPPORT FOR COMPREHENSIVE PERFORMING ARTS EDUCATION AND OFFERING PERFORMANCES THAT ARE ACCESSIBLE TO ALL. WE DO THIS BY ENGAGING DONORS IN THE COMMUNITY; THOSE WHO WILL INVEST IN ARTS PROGRAMMING AND EDUCATION INITIATIVES AT THE NEW SANDY SPRINGS PERFORMING ARTS CENTER AND AROUND OUR CITY. THE FOUNDATION RAISES FUNDS TO PROVIDE GRANTS TO ORGANIZATIONS AND SCHOOLS THAT FULFILL OUR MISSION. 12 12 0 10 0 0 556647 236004 0 0 -3552 -992 0 0 553095 235012 274750 70945 0 0 69776 74791 4351 6852 24191 39016 47679 387893 200267 165202 34745 1102534 1080384 78592 63089 1023942 1017295 X THE ORGANIZATION'S MISSION IS TO PROVIDE ALL SANDY SPRINGS RESIDENTS WITH ACCESS TO LIFE-ENRICHING ARTS EXPERIENCES AND ARTS EDUCATIONAL OPPORTUNITIES. WE EXIST TO ENHANCE THE QUALITY OF LIFE FOR SANDY SPRINGS RESIDENTS BY PROVIDING FINANCIAL SUPPORT FOR COMPREHENSIVE PERFORMING ARTS EDUCATION AND OFFERING PERFORMANCES THAT ARE ACCESSIBLE TO ALL. WE DO THIS BY ENGAGING DONORS IN THE COMMUNITY; THOSE WHO WILL INVEST IN ARTS PROGRAMMING AND EDUCATION INITIATIVES AT THE NEW SANDY SPRINGS PERFORMING ARTS CENTER AND AROUND OUR CITY. THE FOUNDATION RAISES FUNDS TO PROVIDE GRANTS TO ORGANIZATIONS AND SCHOOLS THAT FULFILL OUR MISSION. 0 0 112732 70945 RAISING FUNDS TO PROVIDE GRANTS TO ORGANIZATION AND SCHOOLS. EXECUTE SHOWS AT THE SANDY SPRINGS PERFOMING ARTS CENTER. 112732 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X SANDY SPRINGS ART FOUNDATION CO ON-CALL ACCOUNTING 7709519749 2824 BOARDTOWN RD ELLIJAY GA 30540 MEADE SUTTERFIELD CHAIR 5.00 X X 0 0 0 BILL HENAGAN TREASURER 5.00 X X 0 0 0 ANDREA BAIN HARRISON SECRETARY 5.00 X X 0 0 0 KEN BYERS IMMEDIATE PAST CHAIR 5.00 X X 0 0 0 JAN COLLINS BOARD MEMBER 1.00 X 0 0 0 LAURIE KIRKEGAARD BOARD MEMBER 1.00 X 0 0 0 W RAY PERSONS BOARD MEMBER 1.00 X 0 0 0 JOHN RAY BOARD MEMBER 1.00 X 0 0 0 ROSS ROSSIN BOARD MEMBER 1.00 X 0 0 0 CONNIE SEACREST BOARD MEMBER 1.00 X 0 0 0 ROBYN SPIZMAN BOARD MEMBER 1.00 X 0 0 0 BETTY SUNSHINE BOARD MEMBER 1.00 X 0 0 0 MAUREEN DARCEY FOUNDATION MANAGER 40.00 X 74791 0 0 74791 0 0 0 0 0 0 0 236004 167219 236004 6981 6981 159261 167234 -7973 -7973 -7973 235012 0 0 -992 70945 70945 74791 37500 22291 15000 30270 3027 27243 6852 6852 5539 5539 2998 1499 1499 2821 2821 4200 1260 2100 840 1851 1851 200267 112732 63344 24191 98746 95794 559721 613940 413743 331755 30324 38895 1102534 1080384 78592 63089 78592 63089 X 0 0 0 0 1023942 1017295 1023942 1017295 1102534 1080384 X 34745 75000 -116392 X X 0 1 X 1 0 X 498675 524155 498534 556647 236004 2314015 498675 524155 498534 556647 236004 2314015 1878711 435304 127 6981 7108 2321123 0.18750 0.37500 X PART II, SHORT YEAR EXPLANATION: IN 2018, THE ORGANIZATION CHANGED ITS ACCOUNTING PERIOD (ENDING) FROM JUNE 30 ENDING TO DECEMBER 31 ENDING, CREATING A SHORT-YEAR TAX RETURN FOR THE 2018 FISCAL YEAR. THE ORGANIZATION'S SUBSEQUENT ACCOUNTING PERIODS HAVE BEEN OR WILL BE FROM JANUARY 1 THROUGH DECEMBER 31. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 153025 0 153025 81987 81987 235012 234672 34405 34405 200267 0 200267 PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE FOUNDATION IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION AS DEFINED BY SECTION 509(A)(1) OF THE CODE. THE FOUNDATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2022 AND 2021, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS TAX ADJUSTMENT - DONATIONS 81,987. PART XII, LINE 2D - OTHER ADJUSTMENTS: PREPAID EXPENSES TAX ADJUSTMENT - GRANTS PAID IN 2022 34,405. 1 ATLANTA JEWISH FILM FESTIVAL 2244 NORTHWEST PARKWAY SE STE A MARIETTA GA 30067 471260411 501(C)(3) 25000 0 ARTS EDUCATION SANDY SPRINGS CHARTER MIDDLE SCHOOL FOUNDATION 8750 PRIDE PLACE ATLANTA GA 30350 263800793 501(C)(3) 16712 0 ARTS EDUCATION DJOLI KELEN INC 107 GREYFIELD LN ATLANTA GA 30350 813777879 501(C)(3) 13895 0 ARTS EDUCATION NORTH SPRINGS THEATER COMMUNITY 7447 ROSWELL ROAD SANDY SPRINGS GA 30328 888888888 8250 0 ART EDUCATION 4 1 PART I, LINE 2: THE BOARD OF DIRECTORS AND GRANTS COMMITTEE DETERMINES THE DISBURSEMENT OF GRANTS TO ORGANIZATIONS THAT WILL FULFILL THE MISSION OF THE FOUNDATION. X 3 167219 FMV AT SALE 0 1 0 FORM 990, PART VI, SECTION A, LINE 3 MAUREEN DARCEY, FOUNDATION MANAGER, IS COMPENSATED AS AN INDEPENDENT CONTRACTOR. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT FORM 990 IS PROVIDED ELECTRONICALLY TO THE BOARD FOR REVIEW WITH REQUEST FOR COMMENTS. ANY UPDATED FORM 990 IS PROVIDED TO THE BOARD WITH REQUEST FOR COMMENT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION MANAGER WAS A CONTRACTOR COMPENSATED UNDER A WRITTEN AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET ASSETS RELEASED FROM RESTRICTIONS TAX ADJUSTMENT - DONATIONS -81,987. PREPAID EXPENSES TAX ADJUSTMENT - GRANTS PAID IN 2022 -34,405. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S FINANCE AND GOVERNANCE COMMITTEE ASSUMES RESPONSIBILTY FOR OVERSIGHT OF THE AUDIT PROCESS. FORM 990, PART XI, LINE 8: PER FINANCIAL STATEMENTS: CORRECTION OF ACCOUNTING ERROR THE ACCOMPANYING FINANCIAL STATEMENTS FOR 2021 HAVE BEEN CORRECTED FOR A CERTAIN ERROR. DURING THE YEAR ENDED DECEMBER 31, 2021, THE FOUNDATION RECORDED AS EXPENSE THAT WAS PREVIOUSLY EXPENSED IN 2019. NET ASSETS AT THE BEGINNING OF 2022 HAVE BEEN ADJUSTED FOR THE EXPENSE RECOGNIZED IN ERROR IN PRIOR YEAR. THE ERROR RESULTED IN AN OVERSTATEMENT OF EXPENSES DURING THE YEAR ENDED DECEMBER 31, 2021. ACCORDINGLY, THE FOUNDATION RESTATED ITS RESULTS FOR THE YEAR ENDED DECEMBER 31, 2021. THE EFFECT OF THE RESTATEMENT WAS TO INCREASE NET ASSETS BY $75,000 FOR THE YEAR ENDED DECEMBER 31, 2021.