Coral Springs Festival Of The Arts Inc
- Assets
- $92.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Springs, FL
- Founding
- 05/2005
- Data as of
- 12/2021
- EIN
- 20-1152326
Organization Overview
Coral Springs Festival Of The Arts Inc is located in Coral Springs, FL. The organization was established in 2005. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coral Springs Festival Of The Arts 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 12/2021, Coral Springs Festival Of The Arts Inc generated $41.8k 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 (10.6%) each year. All expenses for the organization totaled $30.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PRODUCED MULTI-FACITED ART AND CRAFT FAIR EXPOSED CITIZENS OF CORAL SPRINGS AND SURROUNDING AREAS TO VARIOUS AND SUNDRY ART FORMS RAISED FUNDS DONATED FUNDS TO ORGANIZED CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gisele Rahael President | 0 | $0 | |
Lois Margolin CPA Treasurer | 0 | $0 | |
Gil Sternbach Sponsorship | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,741 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $41,761 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $25,626 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,357 |
| Total expenses | $29,983 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,154 |
| Other assets | $0 |
| Total assets | $92,154 |
| Total liabilities | $0 |
| Net assets or fund balances | $92,154 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Coral Springs Festival Of The Arts Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Cleveland Clinic Foundation Independence, OH PURPOSE: COMMUNITY SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Irma And Norman Braman Art Foundation Miami, FL | $27,200,000 | -$200,000 |
Korean Martial Arts Culture & Education Foundation Inc Hollywood, FL | $530,186 | $4,469,417 |
Cafe 1040 Inc Alpharetta, GA | $1,445,364 | $4,184,740 |
Safe States Alliance Atlanta, GA | $855,123 | $2,462,301 |
Miami Broward One Carnival Host Committee Inc Miami, FL | $499,382 | $2,415,530 |
Artsnow Inc Atlanta, GA | $4,742,407 | $2,526,341 |
Dunedin Fine Arts Cultural Center Inc Dunedin, FL | $9,442,187 | $2,311,828 |
Ocean Reef Cultural Center Inc Key Largo, FL | $38,541,149 | $2,233,554 |
Pensacola Retirement Village Inc Orlando, FL | $4,149,191 | $1,797,373 |
Iris & B Gerald Cantor Foundation Palm Beach, FL | $24,280,811 | $1,163,888 |
Spruill Center For The Arts Inc Atlanta, GA | $6,437,897 | $2,168,968 |
Gadsden Cultural Arts Foundation Inc Gadsden, AL | $3,782,043 | $1,493,599 |