Dusti Bonge Art Foundation Inc
- Assets
- $5.0m
- Revenue
- -$48.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Biloxi, MS
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 64-0861167
Organization Overview
Dusti Bonge Art Foundation Inc is located in Biloxi, MS. The organization was established in 1996. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dusti Bonge Art Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ARTISTIC LEGACY OF DUSTI BONGÉ, MISSISSIPPIS FIRST ABSTRACT EXPRESSIONIST PAINTER, THROUGH EXHIBITION, CONSERVATION, SCHOLARSHIP, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSERVATION OF WORKS OF ART.
INTRODUCTION OF WORKS OF ART WITHIN THE LOCAL COMMUNITY AND NATIONALLY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ligia Romer Director | 40 | $50,000 | |
Kevin Cole Boardmember | Officer | 5 | $0 |
Linda Taquino Boardmember | Officer | 5 | $0 |
Read Breeland Treasurer | Officer | 5 | $0 |
Marie L Lamb President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $205 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205 |
| Total Program Service Revenue | $0 |
| Investment income | $31,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$145,903 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $65,695 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$48,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,691 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,874 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,125 |
| Office expenses | $999 |
| Information technology | $2,318 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,278 |
| All other expenses | $8,524 |
| Total functional expenses | $145,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,239 |
| Savings and temporary cash investments | $152,999 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $113,952 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $401,545 |
| Investments—publicly traded securities | $1,801,121 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,505,320 |
| Total assets | $5,014,176 |
| Accounts payable and accrued expenses | $13,562 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,562 |
| Net assets without donor restrictions | $5,000,614 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,014,176 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Museums Inc Memphis, TN | $7,243,926 | $3,293,679 |
Artsbuild Chattanooga, TN | $20,819,407 | $7,133,514 |
R W Norton Art Foundation Shreveport, LA | $90,584,723 | $3,020,184 |
Stowers Machinery Foundation Inc Knoxville, TN | $390,579 | $1,623,317 |
Walton Arts Center Foundation Inc Fayetteville, AR | $17,710,449 | $44,264 |
Tennessee Public Television Council Wcte-Tv Cookeville, TN | $119,930 | $312,693 |
Wilemon Foundation Inc Tupelo, MS | $7,978,283 | $1,117,065 |
Monthaven Arts And Cultural Center Hendersonville, TN | $637,200 | $601,500 |
Arkansas School Band & Orchestra Association Russellville, AR | $438,817 | $379,019 |
National Maritime Museum Of The Gulf Of Mexico Holdings Ii Mobile, AL | $3,385,023 | $71,996 |
The Foundation For Cultural Enrichment Brentwood, TN | $4,105,531 | $323,493 |
Angelo Sylvestro Festorazzi Scholarship Trust Fund Birmingham, AL | $3,128,061 | $470,806 |