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Nonprofit · EIN 74-2782537

PORT ARANSAS ART CENTER

Tax-exempt · PORT ARANSAS, TX 78373

Financials

$1.1M$360K2023$323K$332K2024
Revenue Expenses · by fiscal year end
Financials of PORT ARANSAS ART CENTER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$323,105$331,504-$8,399$1,859,251$880,712$978,539
December 31, 2023990$1,119,127$360,164$758,963$1,889,649$869,320$1,020,329
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$180,181
of which government grants
$57,000
Membership dues
$17,183
Program service revenue
$7,934
Investment income
$11,534
Net income from sales of inventory
$123,456
Other revenue
$123,456

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$70,824
Other salaries and wages
$42,316
Salaries, compensation and benefits (total)
$122,892
Professional fundraising fees
$0
Accounting fees
$4,795
Occupancy
$25,729
Depreciation
$27,874
Program services (functional)
$326,717
Management and general (functional)
$4,787

Balance sheet and other

Total assets, start of year
$1,889,649
Total assets, end of year
$1,859,251
Total liabilities, end of year
$880,712
Net assets, end of year
$978,539
Land, buildings and equipment
$1,055,490
Net assets without donor restrictions
$905,383
Net assets with donor restrictions
$73,156
Gross receipts
$572,962
Employees
4
Volunteers
1
Year formed
1995
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MICHELLE MORRISCEO
Officer
40$70,824
DAN PECOREBOARDMEMBER
Trustee or director
2$0
STEVE DAVISBOARDMEMBER
Trustee or director
2$0
RON SMITHBOARDMEMBER
Trustee or director
2$0
KAREN WINSHIP RIDOUTBOARDMEMBER
Trustee or director
1$0
RITA REEDBOARDMEMBER
Trustee or director
7$0
ED REEDBOARDMEMBER
Trustee or director
2$0
TIM PARKEBOARDMEMBER
Trustee or director
2$0
DEB DAVIDBOARDMEMBER
Trustee or director
1$0
JOHN MORRISPRESIDENT
Officer
6$0
BOBBIE MUSSETTSECRETARY
Officer
8$0
GAYLE ABERNETHYTREASURER
Officer
4$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
MICHELLE ZUDRELLCEO
Officer
40$75,245
DAN PECOREBOARDMEMBER
Trustee or director
2$0
STEVE DAVISBOARDMEMBER
Trustee or director
2$0
RON SMITHBOARDMEMBER
Trustee or director
2$0
KARN RIDOUTBOARDMEMBER
Trustee or director
1$0
RITA REEDBOARDMEMBER
Trustee or director
7$0
ED REEDBOARDMEMBER
Trustee or director
3$0
TIM PARKEBOARDMEMBER
Trustee or director
3$0
JOHN MORRISPRESIDENT
Officer
12$0
BOBBIE MUSSETTSECRETARY
Officer
8$0
GAYLE ABERNETHYTREASURER
Officer
4$0
GARY KOSMASVICE PRESIDENT
Officer
4$0

Address and contacts

Address (IRS master file)
PO BOX 1175, PORT ARANSAS, TX 78373-1175
Principal officer (990 for 2024)
GAYLE ABERNETHY, 104 N ALISTER ST, PORT ARANSAS, TX 78373
Signed the 990
GAYLE ABERNETHY, TREASURER
Phone
(361) 749-7334
Return prepared by
PERRONE TRIGGER & ASSOCIATES PC

Mission

TO PROVIDE A PLACE WHERE ARTISTS AND ART PATRONS MAY GATHER TO ENCOURAGE, EDUCATE AND SUPPORT ONE ANOTHER IN A PLEASANT ATMOSPHERE. ARTISTS FROM ALL OVER TEXAS AS WELL AS OUT-OF-STATE VISITORS ENJOY DISPLAYING ART AND OFFER ARTISTIC INSTRUCTION TO THE PUBLIC.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE A PLACE WHERE ARTISTS AND ART PATRONS MAY GATHER TO ENCOURAGE, EDUCATE AND SUPPORT ONE ANOTHER IN A PLEASANT ATMOSPHERE. ARTISTS FROM ALL OVER TEXAS AS WELL AS OUT-OF-STATE VISITORS ENJOY DISPLAYING ART AND OFFER ARTISTIC INSTRUCTION TO THE PUBLIC.
    Expenses $326,717

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-2782537
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,859,251
Income (IRS master file)
$572,962

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$323,105$331,504$1,859,251IRS
990December 2023$1,119,127$360,164$1,889,649XML
990December 2022$266,795$269,145$1,157,143IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-2782537).

Questions about PORT ARANSAS ART CENTER

What is the EIN of PORT ARANSAS ART CENTER?
The employer identification number (EIN) of PORT ARANSAS ART CENTER is 74-2782537.
Is PORT ARANSAS ART CENTER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to PORT ARANSAS ART CENTER tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PORT ARANSAS ART CENTER file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PORT ARANSAS ART CENTER due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PORT ARANSAS ART CENTER last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PORT ARANSAS ART CENTER?
The 990 for the year ended December 31, 2024 names GAYLE ABERNETHY.
Who are the officers and directors of PORT ARANSAS ART CENTER?
The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $70,824 (MICHELLE MORRIS, CEO).
How much revenue does PORT ARANSAS ART CENTER have?
On its 990 for the year ended December 31, 2024 it reported revenue of $323,105, expenses of $331,504 and total assets of $1,859,251 at year end.

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