2024-11-05T08:01:24-06:00 2023-12-31 920460586 PWC US TAX LLP 4300 E CAMELBACK ROAD STE 475 PHOENIX AZ 85018 990 2023-01-01 346724515 ASHTABULA ARTS CENTER FND ENDW ASHT 4409952108 4900 TIEDEMAN ROAD OH-01-49-0381 BROOKLYN OH 44144 KEYBANK BY JOSEPH VELKOS VICE PRESIDENT 4409952108 2024-10-08 true true JEFFREY E KUHLIN P00353001 4123556000 2024-10-08 X 2023 2024-10-15 13:58:12Z KEYBANK NA TRUSTEE 4900 TIEDEMAN RD BROOKLYN OH 441442302 485865 false X N/A X 1974 OH THIS FUND WAS ESTABLISHED ON 4/24/1974. KEYBANK, AS TRUSTEE, MAKES DISTRIBUTIONS TO THE ASHTABULA ARTS CENTER. THE FUNDS DISTRIBUTEDARE USED TO SUPPORT THE EDUCATIONAL AND CULTURAL ACTIVITIES OF THEARTS CENTER. KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS ANDACTIVITIES OF THE ARTS CENTER IN THE ATTAINMENT OF ITS MISSION .THE BOARD OF SUPERVISORS, REPRESENTING THE ARTS CENTER, MAINTAINSLEGAL POWERS TO REMOVE KEYBANK AS TRUSTEE, TO AMEND THE TRUSTDOCUMENT, TO APPOINT CO-TRUSTEES OR COMMITTEE MEMBERS AND THEAUTHORITY TO WITHDRAW TRUST PRINCIPAL. 1 0 0 0 0 10000 229101 0 115349 132266 -126 125349 361241 100200 98615 0 17282 16923 0 0 1712 2033 119194 117571 6155 243670 1563293 1804761 0 0 1563293 1804761 X THIS FUND WAS ESTABLISHED ON 4/24/1974. KEYBANK, AS TRUSTEE, MAKES DISTRIBUTIONS TO THE ASHTABULA ARTS CENTER. THE FUNDS DISTRIBUTEDARE USED TO SUPPORT THE EDUCATIONAL AND CULTURAL ACTIVITIES OF THEARTS CENTER. KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS ANDACTIVITIES OF THE ARTS CENTER IN THE ATTAINMENT OF ITS MISSION .THE BOARD OF SUPERVISORS, REPRESENTING THE ARTS CENTER, MAINTAINSLEGAL POWERS TO REMOVE KEYBANK AS TRUSTEE, TO AMEND THE TRUSTDOCUMENT, TO APPOINT CO-TRUSTEES OR COMMITTEE MEMBERS AND THEAUTHORITY TO WITHDRAW TRUST PRINCIPAL. false false 98615 98615 THIS FUND WAS ESTABLISHED TO PROVIDE FINANCIAL SUPPORT TO THE EDUCATIONAL AND CULTURAL ACTIVITIES OF THE ASHTABULA ARTS CENTER. 98615 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 true false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false false X 1 0 false false false false false false false true true false false true false false false false false false OH X KEYBANK NATIONAL ASSOCIATION 2168134548 4900 TIEDEMAN OH-01-49-0381 BROOKLYN OH 441442302 KEYBANK NATIONAL ASSOCIATION TRUSTEE 1.0 X 16923 0 0 16923 0 0 false false false 229101 229101 53207 53207 203683 124624 79059 79059 79059 PARTNERSHIP EARNINGS -126 -126 -126 361241 132140 98615 98615 16923 16923 1050 1050 FEDERAL TAX PAYMENT - PRIOR YEARS L 983 983 117571 98615 18956 0 56300 227130 1506993 1577631 1563293 1804761 0 0 X 1563293 1804761 1563293 1804761 1563293 1804761 X 243670 -2202 X false false false X X 1 ASHTABULA ARTS CENTER 346896820 2 true 98615 0 1 98615 0 true false false false false false false false false false false false false false false true false true 0 0 42562 53081 42562 53081 0 18994 18956 0 23568 34125 1997557 2025503 0 4260 0 1997557 2029763 0 0 1997557 2029763 29963 30446 1967594 1999317 68866 69976 0 68866 69976 23568 20033 68866 68866 0 68866 98615 0 0 0 0 0 98615 98615 68866 1.0 68866 0 0 9119 101219 135200 100200 345738 0 68866 0 276872 98615 0 98615 0 0 375487 0 41472 135200 100200 98615 Line 2 KeyBank representatives have completed an extensive internal review of supporting organization accounts. This was done in concert with in ho use counsel and individual determinations were made with respect to th e relationships. The beneficiaries have the right to remove theTrustee and the Trustee has the right to amend the trust to insure continuati on of 509(a)(3) status. Line 3 KeyBank, as Trustee, welcomes the input of the charitable beneficiarie s as to investments. Line 8 KeyBank, as Trustee, maintains a close and continuous working relation ship with Ashtabula Arts Center Foundation. The supported organization maintains a significant voice as they have the right to remove the Tr ustee and replace with another corporateTrustee. The Trustee has the authority to amend the document to insure the continution of 509(a)(3) status. The supported Line 8 (continued) organization receives periodic statements reflecting all activity in t he trust regarding income, expenses, and investments. KeyBank welcomes the input of the supported organization as to investments. true ASHTABULA ARTS CENTER 2928 WEST 13 TH ST ASHTABULA OH 44004 346896820 509(C)(3) 98615 PROVIDE EDUCATIONAL AND CULTURAL PROGRAMS. 1 EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 GRANTS ARE MADE TO THE ASHTABULA ARTS CENTER, A 501(C)(3) ORGANIZATION, NAMED IN THE TRUST DOCUMENT. OUR ADMINISTRATIVE REPRESENTATIVES ARE IN PERIODIC CONTACT WITH THE ARTS CENTER IN ORDER TO BE IN COMPLIANCE WITH THE TRUST PROVISIONS. SECTION B LINE 12A NO CONFLICT OF INTEREST EXISTS FOR THE TRUST. KEYBANK N.A. HAS A CORPORATE CONFLICT OF INTEREST POLICY. SECTION B LINE 14 THE TRUST DOCUMENT HAS NO WRITTEN DOCUMENT RETENTION OR DESTRUCTION POLICY. KEYBANK N.A. HAS A CORPORATE DOCUMENT RETENTION AND DESTRUCTION POLICY. SECTION B LINE 15 A KEYBANK, AS SOLE TRUSTEE, IS COMPENSATED AS SUCH. IT MAKES ALL DECISIONS WITH RESPECT TO THE OPERATION AND ADMINISTRATION OF THE TRUST. SECTION B LINE 15B KEYBANK, AS SOLE TRUSTEE, IS COMPENSATED AS SUCH. IT MAKES ALL DECISIONS WITH RESPECT TO THE OPERATION AND ADMINISTRATION OF THE TRUST. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1a KEYBANK N.A. IS SOLE TRUSTEE. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a KeyBank Administration documents all meetings and written actions taken during the year. Actins through NPTAC are also documented. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b KeyBank Administration documents all meetings and written actions taken during the year. Actins through NPTAC are also documented. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW ALL RETURNS ARE PREPARED AND THOROUGHLY REVIEWED BY OUR TAX VENDOR AND/OR INTERNAL PROFESSIONAL TAX DEPARTMENT. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST BY MAIL OR BY PHONE AND ARE MAILED WITHIN 2 WEEKS OF THE REQUEST EXPLANATION FOR FORM 990, PART XI, LINE 9 ROC ADJUSTMENT ($34), COST ADJUSTMENT ON UIT SALES (68), COST BASIS ADJUSTMENT ($2,100).