2024-11-15T17:01:12-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 1525 VALLEY CENTER PARKWAY STE 300 BETHLEHEM PA 180172285 990 2023-01-01 200652958 ARTSQUEST FOUNDATION ARTS 6103321300 25 W THIRD STREET 300 BETHLEHEM PA 18015 SELENA LAVONIER EXECUTIVE DIRECTOR 6103321300 2024-11-14 1 0 CARY J GIACALONE II CPA P01799465 6104335501 2024-11-14 2023 2024-10-15 13:58:12Z SELENA LAVONIER 25 W THIRD STREET 300 BETHLEHEM PA 18015 1173591 0 X WWW.ARTSQUEST.ORG X 2004 PA TO COLLECT AND MANAGE DONATIONS AND TO SUPPORT ARTSQUEST AND THEIR PROGRAMS. 9 9 1 12 -40487 0 140906 155636 0 0 -19970 161851 -41915 -25230 79021 292257 0 5634704 0 0 120423 171258 0 0 173308 90108 30835 210531 5836797 -131510 -5544540 12167473 6831975 2600691 2474268 9566782 4357707 COLLECT AND MANAGE DONATIONS AND TO SUPPORT ARTSQUEST. 0 0 5634704 5634704 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. 5634704 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 PA X TIM MCNAIR CFO 6103321308 25 W THIRD STREET SUITE 300 BETHLEHEM PA 180151238 SELENA L LAVONIER EXECUTIVE DIRECTOR 20.00 20.00 X 121880 0 13733 JASON CORT CHAIR 1.00 0.00 X X 0 0 0 ROBERT OSTER VICE CHAIR 1.00 0.00 X X 0 0 0 JOHN GAGGE SECRETARY 1.00 0.00 X X 0 0 0 JOSEPH PIETRANTONIO TREASURER 1.00 0.00 X X 0 0 0 ANDREA SMITH BOARD MEMBER 1.00 0.00 X 0 0 0 ANTHONY CARFAGNO BOARD MEMBER 1.00 0.00 X 0 0 0 JON CALLAHAN BOARD MEMBER 1.00 0.00 X 0 0 0 SONYA MARIE BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN SCHUPP BOARD MEMBER 1.00 0.00 X 0 0 0 TOM RIDDLE THRU 323 BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL PERRUCCI THRU 323 BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID LOBACH THRU 123 BOARD MEMBER 1.00 0.00 X 0 0 0 121880 0 13733 1 0 0 0 0 114448 41188 155636 122573 122573 905476 866198 39278 39278 39278 30393 114448 15136 15257 15257 PARTNERSHIP LOSS 541800 -40487 -40487 -40487 292257 0 -40487 177108 5634704 5634704 135614 135614 27127 27127 8517 8517 23249 23249 425 425 5111 5111 PRODUCTION 2050 2050 5836797 5634704 28785 173308 299712 351283 35000 25000 3653672 4228535 8179089 2227157 12167473 6831975 8097 9975 2592594 2464293 2600691 2474268 X 8307569 2922042 1259213 1435665 9566782 4357707 12167473 6831975 X -5544540 435583 166580 -266698 X X 0 1 X 0 0 X X 1 ARTSQUEST 232280560 10 1 5634704 0 1 5634704 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 1274320 186452 0 1460772 1548792 -228319 46333 1274320 1524758 186214 162000 1548972 1389850 179362 44454 1524758 1089237 100000 200613 1389850 0.80000 0.20000 0 0 0 INSURANCE POLICIES ON CHARITABLE GIFT ANNUITY 2267644 INVESTMENT IN SUBSIDIARY -40487 2227157 CHARITABLE GIFT ANNUITY 2464293 2464293 X 437893 435583 -266698 168885 269008 23249 23249 292257 5813548 0 5813548 23249 23249 5836797 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, THE FOUNDATION, AND THE PAVILION 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. MEDIA IS A LIMITED PARTNERSHIP ("LP") THROUGH WHICH ALL NET PROFITS AND NET LOSSES ARE ALLOCATED TO THE PARTNERS OF THE LP. AS SUCH, ALL EARNINGS AND LOSSES ARE REPORTED ON THE PARTNERSHIP'S FEDERAL AND STATE RETURNS AND FLOW TO THE COMPANY'S PARTNERS INDIVIDUAL TAX RETURNS. 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 CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. AS OF DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON CHARITABLE GIFT ANNUITY -266,698. LINNY AWARDS 144841 114448 30393 0 0 0 9143 2075 3918 144841 114448 30393 9143 2075 3918 15136 15257 1 ARTSQUEST 25 W THIRD STREET 300 BETHLEHEM PA 18015 232280560 501(C)(3) 5634704 0 CHARITABLE PURPOSES 1 0 PART I, LINE 2: GRANT TO A 501(C)(3) ORGANIZATION WITH OVERLAPPING BOARD; THE FOUNDATION EXPECTS GOVERNING BODY WILL ENSURE FUNDS USED FOR CHARITABLE PURPOSES. 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 CHARITABLE GIFT ANNUITY -266,698. FORM 990 PART XII LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT OVERSEES THE WORK PERFORMED, COMPENSATION 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) LINE 10 0 ARTONOMOUS MEDIA LP 25 W THIRD STREET BETHLEHEM PA 18015 271497872 MEDIA PA ARTSQUEST UNRELATED 126094 0 0 0.49500 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0