| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 5,235 | 2,618 | 2,617 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| EXPLANATION OF PROGRAM AND MISSION | 990PF, PART I, LINE 23- PROGRAM EXPENSES | AT THE DARRYL CHAPPELL FOUNDATION, OUR MISSION IS CLEAR: TO EMPOWER AFRODESCENDANT ARTISTS TO ACHIEVE THEIR HIGHEST POTENTIAL. WE ENVISION A WORLD WHERE ARTISTS COLLABORATE TO CREATE A POWERFUL AND TRANSFORMATIVE IMPACT IN THEIR LOCAL COMMUNITIES THROUGH ART. AS A GRANT-MAKING ORGANIZATION, WE AWARD GRANTS TO NONPROFITS THAT SUPPORT ARTISTS AND PROVIDE DIRECT SUPPORT TO THEM THROUGH HONORARIUMS, SALES COMMISSIONS, AND FREE PROFESSIONAL DEVELOPMENT OPPORTUNITIES.OUR CORE VALUES1. INTEGRITY WE BUILD TRUST THROUGH TRANSPARENCY AND ACCOUNTABILITY.2. COLLABORATION WE CULTIVATE PARTNERSHIPS THAT AMPLIFY IMPACT.3. HELPING OTHERS WE UPLIFT ARTISTS THROUGH DIRECT SUPPORT AND MENTORSHIP.4. AESTHETIC EXCELLENCE WE HONOR AND PROMOTE ARTISTIC QUALITY AND INNOVATION.5. STRATEGIC ACTION WE PRIORITIZE GETTING THE RIGHT THINGS DONE, THE RIGHT WAY.6. FINANCIAL SELF-SUFFICIENCY WE SUSTAIN OUR WORK WITH STRATEGIC, RESPONSIBLE GROWTH.7. CONTINUOUS LEARNING WE ADAPT, REFINE, AND EVOLVE TO SERVE ARTISTS EFFECTIVELY.OUR FIVE PROGRAMS1. ARTISTS-IN-RESIDENCE PROGRAMWE SUPPORT ARTISTS THROUGH IMMERSIVE RESIDENCIES AT LEADING MUSEUMS, UNIVERSITIES, AND CULTURAL INSTITUTIONS. THESE RESIDENCIES PROVIDE FUNDING, STUDIO SPACE, AND NETWORKING OPPORTUNITIES, FOSTERING ARTISTIC AND PROFESSIONAL GROWTH.2. ARTIST TALKS & COMMUNITY ENGAGEMENTWE HOST DYNAMIC ARTIST TALKS, PROVIDING HONORARIUMS TO PARTICIPATING ARTISTS. THESE CONVERSATIONS BRIDGE ARTISTS WITH COMMUNITIES, FOSTERING DIALOGUE, APPRECIATION, AND SUPPORT FOR THEIR WORK.3. ARTISTS MARKETPLACEOUR ECOMMERCE PLATFORM EMPOWERS ARTISTS BY PROVIDING A DIRECT-TO-CONSUMER MARKETPLACE TO SELL THEIRWORK GLOBALLY. THROUGH SALES COMMISSIONS, ARTISTS EARN SUSTAINABLE INCOME WHILE REACHING A BROADER AUDIENCE.4. PUBLIC ARTWE INVEST IN ARTISTS WHO CREATE PUBLIC ART THAT TRANSFORMS COMMUNITIES, ENRICHING PUBLIC SPACES WITH IMPACTFUL AND MEANINGFUL WORKS.5. MENTORSHIP PROGRAMOUR MENTORSHIP INITIATIVE CONNECTS EMERGING AFRODESCENDANT ARTISTS WITH SEASONED PROFESSIONALS, OFFERING GUIDANCE ON CAREER ADVANCEMENT, ARTISTIC DEVELOPMENT, AND NAVIGATING THE ART INDUSTRY. WE ALSO OFFER FREE SEMINARS FACILITATED BY SUBJECT MATTER EXPERTS TO EQUIP ARTISTS WITH THE TOOLS NEEDED FOR LONG-TERM SUCCESS.OUR IMPACTCOMMUNITY OF 120 ARTISTS ENGAGED THROUGH OUR PROGRAMS.TOTAL GIVING IMPACT OF $130,000, SUPPORTING 69 ARTISTS THROUGH GRANT-MAKING.EXPANDING ARTIST OPPORTUNITIES THROUGH DIRECT FINANCIAL SUPPORT, INCLUDING HONORARIUMS, SALESCOMMISSIONS, AND PROFESSIONAL DEVELOPMENT.STRENGTHENING THE ARTS ECOSYSTEM BY FUNDING OTHER NONPROFITS THAT SUPPORT ARTISTS.100% BOARD PARTICIPATION IN GIVING, DEMONSTRATING OUR LEADERSHIP'S COMMITMENT. |
| EXCISE TAX | FORM 990PF, PART V, LINE 1A | CLIENT HAS FILED FORM 872 TO ELECT TO EXTEND THE TIME TO ASSESS TAX THROUGH DECEMBER 31, 2026.THE ORGANZIATION IS IN THE 60 MONTH PRIVATE FOUNDATION TERMINATION PERIOD AND THEY HAVE A VALID RULING THAT 4940 DOES NOT APPLY DURING THE INTERM. |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CVS HEALTH CORP | 4,489 | 4,489 |
| GILAT SATELLITE NETWORK | 1,230 | 1,230 |
| KOHL'S CORP | 1,404 | 1,404 |
| SPARTANNASH CO | 1,832 | 1,832 |
| WARNER BROTHERS | 1,480 | 1,480 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| BANESCO USA | FMV | 5,000 | 5,000 |
| BANK OF CHINA | FMV | 1,000 | 1,000 |
| BANK OZK | FMV | 2,000 | 2,000 |
| BANKWELL BANK | FMV | 1,000 | 1,000 |
| CHARLES SCHWAB EXCHANGE TRADED FUNDS | FMV | 34,380 | 34,380 |
| ENCORE BANK | FMV | 1,001 | 1,001 |
| FIRST BANK OF THE | FMV | 15,992 | 15,992 |
| FIRST FREEDOM BANK | FMV | 2,003 | 2,003 |
| MIZUHO BANK | FMV | 1,000 | 1,000 |
| NORTHEAST BANK | FMV | 2,004 | 2,004 |
| TCM BANK, NTNL A | FMV | 2,000 | 2,000 |
| UBS BANK USA | FMV | 3,022 | 3,022 |
| Description | Amount |
|---|---|
| UNREALIZED LOSS ON INVESTMENTS | 2,006 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSES | 3,659 | 0 | 3,659 | |
| PROGRAM EXPENSES | 7,928 | 0 | 7,928 | |
| COMPUTER EXPENSES | 1,078 | 0 | 1,078 | |
| ADVERTISING | 1,927 | 0 | 1,927 | |
| INSURANCE | 719 | 0 | 719 | |
| REGISTRATION AND STATE FEES | 567 | 0 | 567 | |
| BANK FEES | 133 | 133 | 0 | |
| DUES AND MEMBERSHIPS | 722 | 0 | 722 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MISCELLANEOUS | 64 | 64 | 64 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTANTS | 27,071 | 0 | 27,071 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 10 | 10 | 0 |