2024-11-12T09:07:48-05:00 2023-12-31 251438051 PALERMOKISSINGER & ASSOCIATES PC 9 EAST BEAU STREET WASHINGTON PA 15301 990 2023-01-01 812606302 MON VALLEY ACADEMY FOR THE ARTSINC MONV 7245651687 309 5TH STREET CHARLEROI PA 15022 MARK SMITH CEO 7245651687 2024-07-24 true false GARY A KISSINGER CPA P01048791 7242281177 2024-11-12 2023 2024-10-15 13:58:12Z ANNETTE BUFFER 309 5TH STREET CHARLEROI PA 15022 144308 false X MONVALLEYACADEMYFORTHEARTS.ORG X PA TO PROVIDE ARTS AND CULTURAL PROGRAMS AND ACTIVITIES TO THE MON VALLEY AND BEYOND THAT INFORM, ENTERTAIN AND ENGAGE THE COMMUNITY AND THE REGION IN LIFELONG LEARNING AND CULTURAL EXPERIENCES FOR ALL AGES. 9 9 0 25 0 31763 119893 13197 19199 18 16 7795 5200 52773 144308 0 0 0 0 1178 59813 67969 59813 67969 -7040 76339 21436 98809 1034 21436 97775 X THE MISSION OF THE MON VALLEY ACADEMY FOR THE ARTS (MVAA) IS TO PROVIDE ARTS AND CULTURAL PROGRAMS AND ACTIVITIES TO THE MON VALLEY AND BEYOND THAT INFORMS, ENTERTAINS AND ENGAGES THE COMMUNITY AND THE REGION IN LIFELONG LEARNING AND CULTURAL EXPERIENCES FOR ALL AGES. false false 64163 19199 MON VALLEY ACADEMY FOR THE ARTS (MVAA) PROVIDES ARTISTS THE OPPORTUNITY TO SHARE THEIR TALENTS BY PROVIDING PROFESSIONAL SHOWCASES INCLUDING CLASSES, WORKSHOPS, PERFORMANCES, EXHIBITS AND MORE WITHIN THE REGION. IN ADDITION, MVAA TRIES TO CULTIVATE VIBRANT COMMUNITIES BY CONNECTING ARTISTS WITH THE COMMUNITY, BUILDING SKILLS, SHARING INFORMATION, AND SERVICES THAT WILL ALLOW ARTISTS TO MAKE A LIVING DOING THEIR WORK WHILE PROVIDING MUCH NEEDED ARTS AND CULTURAL OPPORTUNITIES TO THE GREATER COMMUNITY. 64163 true true false false false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false 0 0 0 false false false false false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true false false false X MARK SMITH 7245651687 309 5TH STREET CHARLEROI PA 15022 X CARLA ANDERTON VICE PRESIDE 10.00 X X 0 0 0 SUEANNE ANTONUCCI RECORDING SE 10.00 X X 0 0 0 ANNETTE BUFFER PRESIDENT 20.00 X X 0 0 0 JOY DEFERRARI SECRETARY 10.00 X X 0 0 0 DARREN HALE CFO 10.00 X X 0 0 0 HEIDI KAVANAUGH BOARD MEMBER 10.00 X 0 0 0 GERALD ONESI BOARD MEMBER 10.00 X 0 0 0 ADAM SEDLOCK BOARD MEMBER 10.00 X 0 0 0 MARK SMITH CEO 20.00 X X 0 0 0 false false false 119893 119893 EVENT REVENUE 15072 15072 LESSON REVENUE 4127 4127 19199 16 16 5200 5200 5200 5200 144308 19199 5216 432 432 250 250 1000 1000 596 387 209 4181 3868 208 105 3105 2950 78 77 15411 14640 771 84 84 1743 1372 284 87 PROGRAM EVENTS 37951 37951 OTHER OPERATING EXPENSES 1686 986 700 REPAIRS/MAINTENANCE 925 925 DUES AND SUBSCRIPTIONS 605 605 67969 64163 2628 1178 21436 73637 20000 900 4356 84 4272 21436 98809 1034 0 1034 X 21436 15275 82500 21436 97775 21436 98809 76339 X false false X 35299 81048 27657 31763 119893 295660 17902 20992 19199 58093 35299 81048 45559 52755 139092 353753 353753 20 18 5216 5254 20 18 5216 5254 35299 81048 45579 52773 144308 359007 0.98540 0.99980 0.01000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4356 84 4272 4272 X 144308 144308 144308 67969 67969 67969 SCHEDULE D, PAGE 3, PART X MON VALLEY ACADEMY FOR THE ARTS, INC. HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 (FORMERLY INTERPRETATION NUMBER 48 (FIN 48)), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740-10 PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN- NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE STANDARD ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS AND THERE IS NO MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. IN ADDITION, THERE WERE NO PENALTIES OR INTEREST RECOGNIZED ON THE STATEMENTS OF ACTIVITY AS A RESULT OF THE ADOPTION. MON VALLEY ACADEMY FOR THE ARTS, INC.'S ASC 740-10 EVALUATION WAS PERFORMED FOR THE TAX YEARS 2020 THROUGH 2023, WHICH ARE THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND VARIOUS STATE AGENCIES AS OF DECEMBER 31, 2023. FORM 990 - ORGANIZATION'S MISSION THE MISSION OF THE MON VALLEY ACADEMY FOR THE ARTS (MVAA) IS TO PROVIDE ARTS AND CULTURAL PROGRAMS AND ACTIVITIES TO THE MON VALLEY AND BEYOND THAT INFORMS, ENTERTAINS AND ENGAGES THE COMMUNITY AND THE REGION IN LIFELONG LEARNING AND CULTURAL EXPERIENCES FOR ALL AGES. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 PREPARED BY AUDITOR AND PROVIDED TO BOARD OF DIRECTORS FOR APPROVAL. ONCE APPROVED, FORM 990 IS SIGNED BY OFFICER AND ELECTRONICALLY FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE CEO ENFORCES THE CONFLICT POLICY UNLESS IT NEEDS TO BE ADDRESSED FURTHER. IN THAT CASE, IT IS TAKEN TO THE BOARD PRESIDENT WHERE IT IS RESOLVED ACCORDING TO THE POLICY. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC