The Financials

This is where the dough goes!

2020 Year 3

Donations: $8062.19

Planned Grants: The jury met on March 8th . We received almost $16,000 in grant requests and planned to give out $9500 in Grants (so close to that $10k goal)

Then sadly Flipside 2020 was cancelled. We had not yet given out the grants. (We were waiting to hear what the Flipside LLC decided before doing so.) We will hold the funds for 2021.

We did let the artists whom would have received the funds for 2020 know that if they applied again in 2021 the 2021 Art Jury will know that these artists did not get the grant in 2020 through no fault of their own and that will go into consideration.

Other Costs: Taxes $652. The 2020 Taxes were a hard hit this year. Normally we take in the moneys and then give them out so there is no “profit” to be taxed. However, since we took in the donations but didn’t give it out, there was a fee. So Ignition Philter owed $652 for their taxes.

2021 Year 4

Grants: $1100

Because there was no Flipside for one more year due to Covid precautions, we decided to partner with  Art Safari for their 2nd year adventures which provided front yard/covid-safe art viewing and provided a few grants. We planned to fund up to 10 grants with a max of $250 per piece. In the end we funded 4 pieces, so $1000 was given out using the normal grant cycle. In addition a last chance $100 was given out by the Art Safari organizers.

Other Costs:

$100 Taxes

$50 Website, Signage and Supplies

2022 Year 3 For Reals (Finally)

Donations: $6277

Grants: $7350.96

Thanks to the 2019 donations and fundraiser we had more funds to give than just this year’s donations.

Other Costs:

$1775 501c3 Set Up Costs

$100 Taxes

$150 Website, Signage and Supplies

2023 Year 4

Donations from Flipside Tickets $4629.50

 Spring Phundraiser Event Expense: $557; Profit: $3535

Grants Awarded: $8535

Other Costs: 

$60 Website, Signage and Supplies

2024 Year 5 (So Far (Full Accounting When Taxes Done 5/25))

Donations from Flipside Tickets $4435.00

Grants Awarded: $10,000

Special Note: The last few years we have been able to award more than the ticket donations due to the remaining 2020 funds and fundraisers. We have mostly emptied our coffers with this year’s awards. So if you didn’t give with your ticket request, please consider giving a tax deductible donatiion now so we can have the same fun next year. 

Other Costs: $191

Fall Fundraiser Profit: $3946.20

*Header Photo by Keith Avery under creative commons license