2023-11-13T08:51:48-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 1525 VALLEY CENTER PARKWAY STE 300 BETHLEHEM PA 180172285 990 2022-01-01 200652958 ARTSQUEST FOUNDATION ARTS 6103321300 25 W THIRD STREET 300 BETHLEHEM PA 18015 SELENA LAVONIER EXECUTIVE DIRECTOR 6103321300 2023-11-08 1 SELENA LAVONIER 999009999 0 CARY J GIACALONE II CPA P01799465 6104335501 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SELENA LAVONIER 25 W THIRD STREET 300 BETHLEHEM PA 18015 2125245 0 X WWW.ARTSQUEST.ORG X 2004 PA TO COLLECT AND MANAGE DONATIONS AND TO SUPPORT ARTSQUEST AND THEIR PROGRAMS. 8 8 1 0 0 0 136866 140906 0 0 204900 -19970 -13195 -41915 328571 79021 0 0 0 0 156051 120423 0 0 122445 200442 90108 356493 210531 -27922 -131510 13262058 12167473 2746249 2600691 10515809 9566782 COLLECT AND MANAGE DONATIONS AND TO SUPPORT ARTSQUEST. 0 0 62333 TO DEVELOP A PLANNED GIVING PROGRAM TO SUPPORT ARTSQUEST; ENCOURAGE LONG-TERM FINANCIAL SUPPORT FOR ARTSQUEST; MANAGE AND INVEST THE FUNDS CONTRIBUTED TO THE FOUNDATION; MAKE DONATIONS TO ARTSQUEST TO SUPPORT ITS PROGRAMS. 62333 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 PA X RHONDA GILLESPIE VP FINANCE 6103321300 25 W THIRD STREET SUITE 300 BETHLEHEM PA 180151238 SELENA L LAVONIER EXECUTIVE DIRECTOR 40.00 X X 100860 0 11848 TOM RIDDLE PRESIDENT 1.00 X X 0 0 0 MICHAEL PERRUCCI VICE CHAIR 1.00 X X 0 0 0 JOSEPH PIETRANTONIO TREASURER 1.00 X X 0 0 0 JASON CORT SECRETARY 1.00 X X 0 0 0 DAVID LOBACH DIRECTOR 1.00 X 0 0 0 SUSAN SCHUPP DIRECTOR 1.00 X 0 0 0 ANTHONY CARFAGNO DIRECTOR 1.00 X 0 0 0 ROBERT OSTER DIRECTOR 1.00 X 0 0 0 JOHN GAGGE DIRECTOR 1.00 X 0 0 0 100860 0 11848 1 0 0 0 0 17006 123900 2083 140906 105740 105740 1916446 2042156 -125710 -125710 -125710 4068 17006 4068 0 PARTNERSHIP LOSS 541800 -41915 -41915 -41915 79021 0 0 -61885 112708 112708 7715 7715 400 400 23499 23499 679 679 62333 62333 PRODUCTION 2022 2022 BAD DEBT EXPENSE 1000 1000 MISCELLANEOUS 175 175 210531 62333 25753 122445 285199 299712 60000 35000 8500 0 4445162 3820252 -124665 -166580 8587862 8179089 13262058 12167473 22110 8097 2724139 2592594 2746249 2600691 X 8981943 8307569 1533866 1259213 10515809 9566782 13262058 12167473 X -131510 -554061 -263456 X X 0 1 X 0 0 X X 1 ARTSQUEST 232280560 10 1 16000 0 1 16000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1523865 -228319 46333 1249213 1499651 186214 162000 1523865 1364743 179362 44454 1499651 1049490 100000 215253 1364743 1117333 -67843 1049490 0.91700 0.08300 0 0 0 DUE FROM AFFILIATE 5561207 INSURANCE POLICIES ON CHARITABLE GIFT ANNUITY 2617882 8179089 CHARITABLE GIFT ANNUITY 2592594 2592594 X -720080 -554061 -263456 -817517 97437 23499 -41915 -18416 79021 187032 0 187032 23499 23499 210531 PART V, LINE 4: THE ORGANIZATION'S ORIGINAL PERMANENT ENDOWMENT FUNDS WERE CREATED BY A DONOR IN 2004 OF WHICH THE INCOME IS TO BE USED TO SUPPORT THE OPERATIONS OF ARTSQUEST. A SECOND ENDOWMENT WAS ESTABLISHED IN 2015 TO SUPPORT THE OPERATIONS OF ARTSQUEST CAMPUS. A THIRD ENDOWMENT WAS ESTABLISHED IN 2017 TO SUPPORT MUSIKFEST AND ARTSQUEST PROGRAMS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE RECOGNIZES ARTSQUEST FOUNDATION AS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THESE ORGANIZATION'S TAX-EXEMPT PURPOSE, IF ANY, WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION COMPLIES WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF 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 POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON TERMINATION OF CHARITABLE GIFT ANNUITY -263,456. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON INVESTMENT IN PARTNERSHIPS -41,915. 2021 LINNEY AWARDS 21074 17006 4068 4068 21074 17006 4068 4068 4068 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM WILL BE REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER OF THE BOARD OF TRUSTEES FOR VERIFICATION OF INFORMATION SUBMITTED. AFTER REVIEW AND APPROVAL, THE FORM 990 WILL BE DISTRIBUTED TO THE ENTIRE BOARD OF TRUSTEES. ONLY AFTER THIS PROCESS WILL THE FORM 990 BE FILED. FORM 990, PART VI, SECTION B, LINE 12C ANY BUSINESS RELATIONSHIPS BETWEEN THE ORGANIZATION AND IT'S BOARD MEMBERS ARE DISCUSSED WITH THE BOARD OF DIRECTORS TO VERIFY THAT THERE IS NOT A CONFLICT OF INTEREST OR EXCESS BENEFIT TRANSACTION TO THE BOARD MEMBER. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS INCLUDED IN THE BYLAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 AND FORM 1023 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON TERMINATION OF CHARITABLE GIFT ANNUITY -263,456. FORM 990 PART XI LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT OVERSEES THE WORK PERFORMED, COMPESATION OF, AND CHOOSING OF THE INDEPENDENT AUDITOR. ARTSQUEST 25 W THIRD STREET SUITE 300 BETHLEHEM PA 18015 232280560 PROMOTE PUBLIC APPRECIATION FOR THE ARTS PA 501(C)(3) 509(A)(2) 0 ARTONOMOUS MEDIA LP 25 W THIRD STREET BETHLEHEM PA 18015 271497872 MEDIA PA ARTSQUEST UNRELATED -41915 -166580 0 0 0.49500 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 ARTSQUEST B 62333 CASH ARTSQUEST O 112708 CASH