Fundarte Inc
- Assets
- $473.6k
- Revenue
- $680.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Miami Beach, FL
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 11-3711377
Organization Overview
Fundarte Inc is located in Miami Beach, FL. The organization was established in 2007. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Fundarte Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fundarte Inc 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 06/2022, Fundarte Inc generated $680.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $680.3k during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PRODUCE PRESENTPROMOTE MUSICTHEATER DANCE FILM AND EVENTS BY CELEBRATING AWAKENING CONSCIOUSNESS OF EMERGING SOCIAL MOVEMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE SAFE SPACE FOR NURTURING PROMISING ARTISTS, FACILITATE INTERCULTURAL EXCHANGES, DEVELOP AUDIENCES WITH THE ABILITY TO THINK CRITICALLY AND REFLECT, TO BUILD BRIDGES BETWEEN INNOVATIVE MOVING WORKS OF ART AND DIVERSE SEGMENTS OF OUR COMMUNITY
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Everardo Chavez Executive Director | Officer | 40 | $77,616 |
Carlos Caballero CFO | Officer | 40 | $70,056 |
Alejandro Rios Vice President | Officer | 3 | $0 |
Ana Maria Klemeyer Chair | Officer | 5 | $0 |
James M Lopez Treasurer | Officer | 3 | $0 |
Elizabeth Doud Advisory Council | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $356,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $455,980 |
| Total Program Service Revenue | $224,296 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $680,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $147,672 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,297 |
| Fees for services: Management | $14,930 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,419 |
| Advertising and promotion | $46,221 |
| Office expenses | $86 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $113,765 |
| 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 | $0 |
| Insurance | $1,221 |
| All other expenses | $0 |
| Total functional expenses | $680,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,409 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,144 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,000 |
| Total assets | $473,553 |
| Accounts payable and accrued expenses | $2,419 |
| Grants payable | $0 |
| Deferred revenue | $188,796 |
| 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 | $135,257 |
| Total liabilities | $326,472 |
| Net assets without donor restrictions | $147,081 |
| 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 | $473,553 |
Grants Awarded
Over the last fiscal year, Fundarte Inc has awarded $18,445 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ANTIHEROES PROJECT INC | | | $9,490 |
Miami, FL | | $5,255 |
DIVA JONES ENTERPRISES | | | $3,700 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fundarte Inc has recieved totaling $40,005.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $40,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunfest Of Palm Beach County Inc West Palm Beach, FL | $4,618,785 | $9,247,080 |
Red Mountain Theatre Company Inc Birmingham, AL | $35,964,987 | $9,815,041 |
Womans Exchange Inc Of Sarasota Sarasota, FL | $4,624,153 | $4,393,353 |
Westcoast Black Theatre Troupe Of Florida Inc Sarasota, FL | $12,672,008 | $4,333,554 |
Center For Puppetry Arts Inc Atlanta, GA | $20,916,247 | $3,804,159 |
City Springs Theatre Company Sandy Springs, GA | $2,774,850 | $2,619,384 |
Barrier Island Group For The Arts Sanibel, FL | $11,337,341 | $3,470,715 |
Savannah Music Festival Inc Savannah, GA | $2,910,137 | $2,078,517 |
Milagro Foundation Inc Delray Beach, FL | $1,748,813 | $1,736,017 |
Atlanta Music Project Inc Atlanta, GA | $5,585,624 | $4,188,962 |
International Fringe Festival Of Central Florida Inc Orlando, FL | $864,625 | $1,737,536 |
Friends Of The Lyric Inc Stuart, FL | $6,039,276 | $2,400,664 |