2024-01-29T08:23:47-08:00 2023-06-30 421585901 NANETTE K MILLER CPA PC 2450 VIRGINIA AVE NW E309 WASHINGTON DC 20037 990 2022-07-01 521233802 PYRAMID ATLANTIC INC PYRA 3016089101 4318 GALLATIN ST HYATTSVILLE MD 20781 KATE TAYLOR DAVIS EXECUTIVE DIRECTOR 3016089101 2024-01-08 true KATE TAYLOR DAVIS true NAN MILLER CPA P00620061 2024637600 X 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z PYRAMID ATLANTIC ART CENTER KATE TAYLOR DAVIS 4318 GALLATIN STREET HYATTSVILLE MD 20781 1001064 false X https://www.pyramidatlanticartcenter.org/ X 1981 MD PYRAMID'S MISSION IS TO CREATE A COLLABORATIVE COMMUNITY THAT FOSTERS THE ARTISTIC DISCIPLINES OF PAPERMAKING, PRINTMAKING, AND BOOK ARTS. WE EQUIP, EDUCATE, AND EXHIBIT ARTISTS AND OFFER ACCESSIBLE PROGRAMS TO THE GENERAL PUBLIC. 15 15 7 42 0 0 245636 427175 250998 322135 320 5927 202318 238645 699272 993882 0 0 296534 364055 0 89291 474771 605328 771305 969383 -72033 24499 2261316 2317722 356205 388112 1905111 1929610 PYRAMID'S MISSION IS TO CREATE A COLLABORATIVE COMMUNITY THAT FOSTERS THE ARTISTIC DISCIPLINES OF PAPERMAKING, PRINTMAKING, AND BOOK ARTS. WE EQUIP, EDUCATE, AND EXHIBIT ARTISTS AND OFFER ACCESSIBLE PROGRAMS TO THE GENERAL PUBLIC. false false 793812 0 433468 SEE SCHEDULE O. 793812 true true false false false false false true false true true false false false true 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 true 77 0 true 7 true false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true false false MD X KATE TAYLOR DAVIS 3016089101 4318 GALLATIN STREET HYATTSVILLE MD 20781 X STEVEN STICHTER PRESIDENT 5.00 X X 0 0 0 ANGELA RAKIS VICE PRESIDENT 5.00 X X 0 0 0 ADAM ORTIZ SECRETARY 5.00 X X 0 0 0 DOMINIQUE PETERSON TREASURER 5.00 X X 0 0 0 MARK BURKE BOARD MEMBER 1.00 X 0 0 0 BEN HORTON BOARD MEMBER 1.00 X 0 0 0 BRIAN HURTT BOARD MEMBER 1.00 X 0 0 0 EMILY JACKSON BOARD MEMBER 1.00 X 0 0 0 LINDA ROLLINS BOARD MEMBER 1.00 X 0 0 0 EDGAR REYES BOARD MEMBER 1.00 X 0 0 0 RISIKAT OKEDEYI BOARD MEMBER 1.00 X 0 0 0 MATT RICHARDSON BOARD MEMBER 1.00 X 0 0 0 PETER S SIEGEL BOARD MEMBER 1.00 X 0 0 0 TIFFANY P TOWNSEND BOARD MEMBER 1.00 X 0 0 0 SHARON ROBINSON BOARD MEMBER 1.00 X 0 0 0 KATE TAYLOR DAVIS EXECUTIVE DIRECTOR 40.00 X 100972 0 2830 GRETCHEN SCHERMERHORN ARTISTIC DIRECTOR 40.00 X 66807 0 0 167779 0 2830 1 false false false 27852 194755 204568 427175 FEE FOR SERVICE 900099 35850 0 0 TUITION 900099 119317 0 0 STUDIO AND ART CENTER RENTAL 900099 149255 0 0 TICKET SALES AND EXHIBITION FEES 900099 17713 0 0 322135 5927 0 5927 239919 7182 232737 232737 OTHER 999999 5908 5908 0 0 5908 993882 560780 0 5927 167779 142612 16778 8389 147340 71044 15373 60923 8294 7050 829 415 15333 13033 1533 767 25309 21513 2530 1266 35190 31486 3704 0 103526 95091 5610 2825 46276 41919 3717 640 21617 15162 2380 4075 86610 69754 16856 0 16462 14815 1647 0 76099 64684 11415 0 12179 10352 1827 0 EVENT COSTS ARTS 20355 13737 0 6618 SUPPLIES 53016 47696 2081 3239 COMMISSIONS - ART AND SHOP SALES 133998 133864 0 134 969383 793812 86280 89291 181899 194623 241727 338769 9439 38618 9667 10144 363027 355845 3237 3503 2063045 686825 1452320 1376220 2261316 2317722 29589 62498 2500 13444 303033 294815 21083 17355 356205 388112 X 1905111 1875797 0 53813 1905111 1929610 2261316 2317722 24499 X false true X true false X 0 397240 539158 671292 689657 928233 3225580 0 208000 208000 208000 208000 208000 1040000 605240 747158 879292 897657 1136233 4265580 0 4265580 902 112 1520 320 5927 8781 0 385 25 16316 9295 5908 31929 4306290 0.99050 0.99100 X 0 0 0 Pt II Ln 10 Other Income Part II, Line 10 Description: MISCELLANEOUS 2018: 385. 2019: 25. 2020: 16316. 2021: 9295. 2022: 5908. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X true 56360 56360 18725 37635 56360 0 18725 18725 false false false 0 1903432 527212 1376220 0 159613 159613 0 1376220 REFUNDABLE DEPOSITS AND GIFT CARDS 17355 17355 X 1209897 216015 216015 993882 993882 1185398 216015 216015 969383 969383 Pt III, Line 4 ART COLLECTIONS AND OTHER INVENTORY RELATED TO EXEMPT PURPOSE INCLUDES ARTWORK GENERALLY MADE AT THE ORGANIZATION'S STUDIOS AND DONATED TO THE ORGANIZATION FOR POSSIBLE SALE. ALL ARTWORKS MAINTAINED IN INVENTORY FURTHER THE MISSION OF PYRAMID ATLANTIC BY SHOWCASING ARTISTS WITH A FOCUS PRIMARILY ON THE DISCIPLINES OF PRINTMAKING, PAPERMAKING, AND BOOKMAKING. HAVING ARTWORK ON HAND TO DISPLAY AND EDUCATE PROVIDES THE ABILITY TO MAKE PRINTMAKING, PAPERMAKING, AND BOOKMAKING ACCESSIBLE TO MORE THAN JUST ARTISTS AND ACADEMICS. Pt X, Line 2 PAAC IS EXEMPT FROM FEDERAL AND LOCAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ON ANY NET INCOME DERIVED FROM ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. THIS CODE SECTION ENABLES PAAC TO ACCEPT DONATIONS THAT QUALIFY AS CHARITABLE CONTRIBUTIONS TO THE DONOR. PAAC IS SUBJECT TO TAX ON NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, PAAC DID NOT RECOGNIZE INCOME TAX EXPENSE IN THE ACCOMPANYING FINANCIAL STATEMENTS AS THERE WAS NO UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS THAT WOULD REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS, PURSUANT TO ACCOUNTING STANDARDS CODIFICATION (ASC) FOR INCOME TAXES. GENERALLY, TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR UP TO THREE YEARS FROM THE DATE A COMPLETED RETURN IS FILED. THE OPEN TAX YEARS ARE JUNE 30, 2018 - 2021. IF THERE ARE MATERIAL OMISSIONS OF INCOME, TAX RETURNS MAY BE SUBJECT TO EXAMINATION FOR UP TO SIX YEARS. IT IS PAAC'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF JUNE 30, 2021 AND 2020, THE ORGANIZATION HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES AS THERE WERE NO UNCERTAIN TAX POSITIONS. Pt V, Line 4 BOARD DESIGNATED QUASI ENDOWMENT ESTABLISHED BY THE BOARD OF DIRECTORS TO PERPETUATE THE SUSTAINABILITY OF THE ORGANIZATION Pt VI, Line 11b THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING. THE FORM IS ALSO REVIEWED BY THE ORGANIZATION'S OUTSIDE ACCOUNTING CONSULTANT. Pt VI, Line 12c THE BOARD OF DIRECTORS FREQUENTLY CONSIDERS ITS WRITTEN CONFLICT OF INTEREST POLICY AND CONFIRMS THAT THERE IS NO CONFLICT WITH ANY MEMBERS OF THE BOARD OR STAFF. Pt VI, Line 15a THE SALARY FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OF DIRECTORS. EACH YEAR THE FINANCE COMMITTEE OVERSEES THE BUDGET AND INCLUDES INCREASES IN COMPENSATION WHEN APPLICABLE. THE EXECUTIVE DIRECTOR'S PERFORMANCE IS ROUTINELY REVIEWED AND DISCUSSED BY THE BOARD OF DIRECTORS. Other PART III LINE 4(a): WELCOMED INCREASED PARTICIPATION, REACHING PRE-PANDEMIC LEVELS; HELD A CELEBRATED EXHIBITION OF PRINT WORK BY DAVID C. DRISKELL; GREW NEXT 40 FUND (A BOARD-RESTRICTED ENDOWMENT); LAUNCHED A PAID INTERNSHIP PROGRAM; INCREASED LOW-COST OR NO-COST PROGRAMS FOR TEENS; BEGAN WORK ON A NEW STRATEGIC PLAN.