Friends Of Arts & Humanities Inc
- Assets
- $647.4k
- Revenue
- $288.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Sarasota, FL
- Founding
- 08/2002
- Data as of
- 12/2022
- EIN
- 02-0592364
Organization Overview
Friends Of Arts & Humanities Inc, operating under the name Designing Women Boutique, is located in Sarasota, FL. The organization was established in 2002. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2022, Designing Women Boutique employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Designing Women Boutique is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Designing Women Boutique generated $288.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $368.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO GROW THE FUNDING FOR THE ARTS ENDOWMENT AND HUMAN SERVICES THROUGH THE INNOVATIVE MARKETING OF UNIQUE COUTURE APPAREL AND HOME FURNISHING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDS FOR ARTS AND HUMAN SERVICES NONPROFIT ORGANIZATIONS IN THE COMMUNITY BY SELLING CONSIGNED AND DONATED LADIES APPAREL AND HOME FURNISHINGS, FUNDRAISION SPECIAL EVENTS AND THE OPERATION OF AN ESTATE LIQUIDATION BUSINESS. THE ORGANIZATION OPERATES WITH PREDOMINANTLY VOLUNTEER PERSONNEL. THE ORGANIZATION PROVIDES GRANTS TO QUALIFIED NOT FOR PROFIT ORGANIZATIONS IN THE ARTS AND HUMAN SERVICES IN SARASOTA AND MANATEE COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ida Zito President | OfficerTrustee | 10 | $0 |
Janet Gale Hammer Director | Trustee | $0 | |
Rita Canton-Greenbaum Director | Trustee | $0 | |
Lynn Robbins Director | Trustee | $0 | |
Judith Schwartzbaum Director | Trustee | $0 | |
Janice Zarro Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,645 |
| Noncash contributions included in lines 1a–1f | $78,781 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,645 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,352 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $187,507 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $288,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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 | $161,663 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,423 |
| Office expenses | $6,282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,329 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,379 |
| Insurance | $11,563 |
| All other expenses | $3,668 |
| Total functional expenses | $368,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,326 |
| Savings and temporary cash investments | $2,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,577 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $320 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $494,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $647,416 |
| Accounts payable and accrued expenses | $18,325 |
| 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 | $36,826 |
| Total liabilities | $55,151 |
| Net assets without donor restrictions | $592,265 |
| 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 | $647,416 |
Grants Awarded
Over the last fiscal year, Friends Of Arts & Humanities Inc has awarded $195,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ASOLO THEATRE INC PURPOSE: Charitable contribution | $52,500 |
ALL FAITHS FOOD BANK PURPOSE: Charitable contribution | $5,000 |
SARASOTA BALLET OF FLORIDA PURPOSE: Charitable contribution | $5,000 |
SENIOR FRIENDSHIP CENTERS PURPOSE: Charitable contribution | $5,000 |
COMMUNITY HAVEN FOR ADULTS PURPOSE: Charitable contribution | $5,000 |
WEST COAST BLACK THEATRE PURPOSE: Charitable contribution | $5,000 |