2017-11-13T15:30:59-06:00 2016-12-31 480573184 REGIER CARR & MONROE LLP 300 W DOUGLAS AVE STE 900 WICHITA KS 672022914 990 2016-01-01 480616251 MARK ARTS INC MARK 3166342787 9112 E CENTRAL AVE WICHITA KS 672062506 KATY DORRAH EXECUTIVE DIRECTOR 3166342787 2017-11-10 1 LAURA LEHMER P01252614 3162642335 2017-11-10 64.88.174.3 2017-11-10 10:56:03 CS P 12A837CE980EED743BDA7B22437F0F6225044DB8 BD88DF79F2B2E3E191BB415C567E46B5BD92D4B1 2016 2017-02-10 21:41:12Z KATY DORRAH 9112 E CENTRAL AVE WICHITA KS 672062506 13295225 0 X WWW.MARKARTSKS.COM X 1920 KS ACQUIRE EXHIBIT AND DISPLAY WORKS OF ART AND CONDUCT SCHOOLS OF ART TO BENEFIT THE COMMUNITY. 25 25 48 145 0 0 4257210 10054567 319821 1925948 145708 639268 133914 71134 4856653 12690917 0 0 0 0 518548 529370 0 0 213204 608123 928401 1126671 1457771 3729982 11233146 8349800 19735397 67826 73772 8281974 19661625 TO BE A VIBRANT ARTS HUB IN WICHITA AND THE REGION BY PROVIDING OPPORTUNITIES TO APPRECIATE AND CREATE ART IN AN ATMOSPHERE OF LIFELONG LEARNING. 0 0 307515 180352 EDUCATION - YEAR ROUND ART CLASSES ARE PROVIDED FOR ADULTS AND CHILDREN. SEVERAL WORKSHOPS ARE TAUGHT BY VISITING ARTISTS. APPROX. 1300 STUDENTS PARTICIPATE IN CLASSES EACH YEAR. 342468 1782973 GALLERY - THE ART GALLERY IS FREE AND OPEN TO THE PUBLIC WITH APPROXIMATELY 17 DIFFERENT EXHIBITS SHOWN ANNUALLY AND SEVERAL THOUSAND VISITORS ATTEND EACH YEAR. 18833 THEATRE - THEATRE IS OFFERED FOR RENTAL TO THE COMMUNITY. 668816 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 46 0 48 1 0 0 0 0 0 1 1 0 0 X 25 25 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 X X THE ORGANIZATION 3166342787 9112 E CENTRAL AVE WICHITA KS 672062506 KARLA FAZIO PRESIDENT 1.00 X X 0 0 0 JANICE VAN SICKLE VICE PRESIDENT 1.00 X X 0 0 0 SUSAN ADDINGTON SECRETARY 1.00 X X 0 0 0 WILLIAM TINKER TREASURER 1.00 X X 0 0 0 BECKY TURNER IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 BRANDON BAKER TRUSTEE 1.00 X 0 0 0 DAVID BENGTSON TRUSTEE 1.00 X 0 0 0 CHRIS BRUNNER TRUSTEE 1.00 X 0 0 0 SHANNAN DEVLIN TRUSTEE 1.00 X 0 0 0 VINCENT FARHA TRUSTEE 1.00 X 0 0 0 KATHY GALICHIA TRUSTEE 1.00 X 0 0 0 HELEN GALLOWAY TRUSTEE 1.00 X 0 0 0 POLLY GENTRY TRUSTEE 1.00 X 0 0 0 KATHY KNORR TRUSTEE 1.00 X 0 0 0 ANNIE KOCH TRUSTEE 1.00 X 0 0 0 MARIANNE MISKO TRUSTEE 1.00 X 0 0 0 PRISCILLA O'SHAUGHNESSY TRUSTEE 1.00 X 0 0 0 REBECCA BUNTING TRUSTEE 1.00 X 0 0 0 TRACI PICKERT TRUSTEE 1.00 X 0 0 0 TERRY RICHARDS TRUSTEE 1.00 X 0 0 0 MILT DOUGHERTY TRUSTEE 1.00 X 0 0 0 DOT SHANNON TRUSTEE 1.00 X 0 0 0 MARK EATON TRUSTEE 1.00 X 0 0 0 ANGEL GOMEZ TRUSTEE 1.00 X 0 0 0 DOUG PRINGLE TRUSTEE 1.00 X 0 0 0 KATY DORRAH EXECUTIVE DIRECTOR 40.00 X 118200 0 0 118200 0 0 1 0 0 0 0 61206 144633 9848728 2574039 10054567 GALLERY SALES 900099 1708031 1708031 ART SCHOOL TUITION 611600 180352 180352 TICKET SALES 711190 37565 37565 1925948 156282 156282 37377 0 37377 37377 37377 19498 1034398 11705 559205 7793 475193 482986 482986 67155 144633 33398 33757 33757 12690917 1963325 0 673025 118200 72102 31914 14184 373076 239726 60609 72741 38094 24420 6905 6769 15500 15500 49814 49814 55436 21333 2530 31573 6309 1630 3779 900 31036 23849 403 6784 85422 73789 -7631 19264 3583 2805 610 168 10098 5080 1620 3398 90537 59755 15391 15391 54323 15528 34734 4061 GIFTS-IN-KIND 284040 804 283136 100 MAINTENANCE 70361 8198 58182 3981 COMMISSIONS 62178 58216 3962 MISCELLANEOUS 47106 15021 30348 1737 62658 46560 3407 12691 1457771 668816 575751 213204 129426 93557 1166495 3337118 580 8767 26936 26936 6100 0 6427404 567275 805193 5860129 5558850 9773863 656220 635027 8349800 19735397 67826 63987 9785 67826 73772 X 2681845 10358075 4540727 8244148 1059402 1059402 8281974 19661625 8349800 19735397 11233146 146505 0 X X 0 1 X 1 0 X 688882 276198 360531 4267110 9909934 15502655 688882 276198 360531 4267110 9909934 15502655 7138565 8364090 147143 133972 133958 176201 369150 960424 16463079 0.50810 0.37030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 6215070 7507743 323822 3622545 6656 10417434 4002041 2669488 -192377 263782 300 6215070 4085413 136929 205862 14439 4002041 3831205 300165 12245 33712 4085413 2868206 678471 315566 31038 3831205 0.19000 0.10000 0.71000 0 0 2290000 2290000 616210 567275 48935 3521194 3521194 5860129 X 12870820 146505 33398 179903 12690917 0 12690917 1491169 33398 33398 1457771 0 1457771 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY ART GALLERIES, ART OBJECTS PURCHASED AND DONATED ARE NOT CAPITALIZED IN THE ACCOUNTING RECORDS OR INCLUDED IN THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS REDUCE NET ASSETS IN THE PERIOD WHEN PURCHASED. PROCEEDS FROM SALES OR INSURANCE RECOVERIES ARE RECORDED AS INCREASES IN NET ASSETS WHEN RECEIVED. MARK ARTS HAS A SIGNIFICANT COLLECTION CONSISTING OF LARGE EUROPEAN PAINTS; AMERICAN ARTISTS AND ARTISANS COMPLETE THE COLLECTION WITH PIECES OF DECORATIVE ART PURCHASED AT THE BIANNUAL WICHITA NATIONAL SHOW. MARK ARTS FOLLOWS AN ACCESSIONING SYSTEM PRESCRIBED BY THE AMERICAN MUSEUM ASSOCIATION TO ACCOUNT FOR THE COLLECTION. MARK ARTS EMLOYS A CURATOR TO ENSURE THAT THE COLLECTION IS PROTECTED AND PRESERVED. PART III, LINE 4: THE COLLECTION CONSISTS OF AMERICAN AND EUROPEAN PAINTINGS AND DECORATIVE ART BY AMERICAN ARTISTS. THIS FURTHERS MARK ARTS'S PURPOSE TO IMPROVE UNDERSTANDING OF VISUAL ARTS AND EXPAND AESTHETIC APPRECIATION. PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AS A KANSAS NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THE ORGANIZATION IS QUALIFIED TO RECEIVE DEDUCTIBLE CHARITABLE CONTRIBUTIONS UNDER SECTION 170(B)(1)(A)(VI) AND (VIII), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTIONS 509(A)(1) AND (3). THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE ORGANIZATION HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING COSTS PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING COSTS HOLIDAY TABLES 45619 33986 11633 13262 VS ART BATTLE 102201 89666 12535 3 63968 20981 42987 20136 211788 144633 67155 13262 20136 33398 33757 X 17700 FAIR MARKET VALUE X LAND 0 2290000 FAIR MARKET VALUE X BRANDING 0 263132 FAIR MARKET VALUE X MISCELLANEOUS 0 3208 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B DECISIONS MADE BY SUBCOMMITTEES ARE SUBJECT TO BOARD APPROVAL. CONSEQUENTLY, THESE DECISIONS WILL BE DOCUMENTED IN THE MINUTES OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED FOR REVIEW BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE REQUIRED TO SIGN A FORM INDICATING THEIR CONFLICT OF INTEREST OR LACK THEREOF. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR SALARY IS DETERMINED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON VERBAL OR WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE SELECTS THE INDEPENDENT ACCOUNTANT TO PERFORM THE AUDIT AND THEY REVIEW THE AUDITED FINANCIALS BEFORE ISSUANCE.