The Financials

This is where the dough goes!

Ignition Philter, a Not-for-Profit LLC, is run entirely by volunteers. We are in the process of converting to 501c3 status.

2018

Year 1

Donations $8564

Grants $5500

Other Costs:

  $1425 Startup Costs  (LLC Creation, website, signage, and supplies)


2019

Year 2

Donations $6228

FUNDRAISER Event Expense: $900; Profit: $2200

Grants Awarded: $7215

Other Costs: 

  $300 Taxes

  $150 Signage and Supplies

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.

*Header Photo by Keith Avery under creative commons license