Palm Beach Centennial Commission Inc
- Assets
- $493.2k
- Revenue
- $50.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 04/2011
- Data as of
- 12/2017
- EIN
- 27-4575577
Organization Overview
Palm Beach Centennial Commission Inc is located in Palm Beach, FL. The organization was established in 2011. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Palm Beach Centennial Commission 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 12/2017, Palm Beach Centennial Commission Inc generated $50.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (63.0%) each year. All expenses for the organization totaled $4.1k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (83.5%) per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PALM BEACH CENTENNIAL COMMISSION IS TO INITIATE, MANAGE AND COORDINATE THE SPONSORSHIP AND FULFILLMENT OF PROGRAMS, EVENTS, PROJECTS AND PERPETUAL MEMORIALS PRODUCED FOR THE BENEFIT OF THE CITIZENS OF THE TOWN OF PALM BEACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A FOR 2017
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Bone President | OfficerTrustee | 1 | $0 |
Kevin Johnson Treasurer | OfficerTrustee | 1 | $0 |
Edward Elson Vice President | OfficerTrustee | 1 | $0 |
Betsy Matthews Vice President | OfficerTrustee | 1 | $0 |
Bill Metzger Board Member | Trustee | 1 | $0 |
Cynthia Friedman Board Member | Trustee | 1 | $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 | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $0 |
| Investment income | $464 |
| 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 | $50,464 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $849 |
| Savings and temporary cash investments | $492,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Total assets | $493,184 |
| Accounts payable and accrued expenses | $3,200 |
| 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 | $0 |
| Total liabilities | $3,200 |
| Unrestricted restricted net Assets | $489,984 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $489,984 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Palm Beach Centennial Commission Inc has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
The Nancy Brinker Charitable Foundation Palm Beach, FL PURPOSE: TOWN SQUARE RENOVATION | $10,000 |
Denise & William Meyer Foundation West Palm Beach, FL PURPOSE: GENERAL | $5,000 |
Eleanor Patterson Reeves Foundation Inc West Palm Beach, FL PURPOSE: FUND ORG | $5,000 |
Arnold Foundation Palm Beach, FL PURPOSE: SUPPORTING CHARITABLE ACTIVITIES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vizcaya Museum And Gardens Trust Inc Miami, FL | $11,712,180 | $11,588,414 |
The Lodges At Banning Mills Retreat And Conservation Center Inc Whitesburg, GA | $8,373,902 | $8,117,551 |
Bellingrath-Morse Foundation Theodore, AL | $109,592,614 | $8,669,562 |
Thomas Edison And Henry Ford Winter Estates Inc Fort Myers, FL | $5,261,468 | $5,556,922 |
Atlanta Beltline Partnership Inc Atlanta, GA | $54,208,865 | $38,882,931 |
Roshan Institute Of Cultural Heritage Orlando, FL | $8,118,910 | $2,379,053 |
B J Palmer Historic Home Foundation Inc Marietta, GA | $0 | $2,223,386 |
Georgia Trust For Historic Preservation Inc Atlanta, GA | $16,904,162 | $2,663,570 |
Educopia Institute Inc Atlanta, GA | $2,468,472 | $2,053,368 |
Historic Oakland Foundation Inc Atlanta, GA | $10,625,800 | $4,650,035 |
The Astronauts Memorial Foundation Inc Kennedy Space Center, FL | $12,766,095 | $1,167,493 |
Rev Birmingham Inc Birmingham, AL | $3,462,227 | $2,028,176 |