Florida Craftart Inc
- Assets
- $1.6m
- Revenue
- $536.6k
- Investments
- $0.0
- Employees
- 9
- Location
- St Petersburg, FL
- Founding
- 05/1974
- Data as of
- 12/2022
- EIN
- 23-7375994
Organization Overview
Florida Craftart Inc is located in St Petersburg, FL. The organization was established in 1974. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Florida Craftart Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Craftart 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 12/2022, Florida Craftart Inc generated $536.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $580.5k during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BROADEN THE PUBLIC'S UNDERSTANDING AND APPRECIATION OF FINE CRAFT ART AND TO ENCOURAGE PROFESSIONALISM AND HIGH AESTHETIC STANDARDS AMONG FLORIDA ARTISTS.
Describe the Organization's Program Activity:
COSTS INCURRED TO BROADEN THE PUBLIC'S UNDERSTANDING AND APPRECIATION OF FINE ART CRAFT AND TO ENCOURAGE PROFESSIONALISM & HIGH AESTHETIC STANDARDS AMONG FLORIDA ARTISTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Jones President | OfficerTrustee | 10 | $0 |
Kathryn Howd Past Preside | OfficerTrustee | 10 | $0 |
Mark Anderson Vice Preside | OfficerTrustee | 5 | $0 |
Lara Shelton Secretary | OfficerTrustee | 2 | $0 |
Helen Igar Treasurer | OfficerTrustee | 10 | $0 |
Michael Graham Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,307 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $236,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,221 |
| Total Program Service Revenue | $99,564 |
| Investment income | $845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,920 |
| 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 | $175,862 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $536,572 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,652 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,375 |
| Payroll taxes | $31,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39,845 |
| Office expenses | $6,322 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,113 |
| Travel | $1,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,921 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,506 |
| Insurance | $7,203 |
| All other expenses | $49,682 |
| Total functional expenses | $580,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,722 |
| Savings and temporary cash investments | $343,863 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$59 |
| 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 | $59,727 |
| Net Land, buildings, and equipment | $1,085,444 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,625 |
| Total assets | $1,641,322 |
| Accounts payable and accrued expenses | $60,440 |
| Grants payable | $0 |
| Deferred revenue | $11,000 |
| 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 | $233,536 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,636 |
| Total liabilities | $323,612 |
| Net assets without donor restrictions | $1,317,710 |
| 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 | $1,641,322 |