Morada Way Arts & Cultural District Inc
- Assets
- $278.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Islamorada, FL
- Founding
- 10/2011
- Data as of
- 09/2021
- EIN
- 27-5269482
Organization Overview
Morada Way Arts & Cultural District Inc is located in Islamorada, FL. The organization was established in 2011. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Morada Way Arts & Cultural District Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morada Way Arts & Cultural District 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 09/2021, Morada Way Arts & Cultural District Inc generated $70.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $65.2k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (17.7%) per year over the past 6 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 Mission:
Part 3 - Line 1
PROVIDE FINE ARTS AND CULTURAL EXPERIENCES SIGNIFICANT ACTIVITIES INCLUDE ART EXHIBITIONS AND EDUCATION
Describe the Organization's Program Activity:
Part 3
THE ART STUDIO OFFERS AFFORDABLE SPACE FOR LOCAL AND VISITING ARTISTS TO CREATE POTTERY AND TEACH CLASSES. THE SHOWROOM AND GIFT SHOP GIVES THEM THE OPPORTUNITY TO SELL THEIR ARTWORK TO THE PUBLIC. IN ADDITION, IT GIVES ARTISTS EXPOSURE DURING THE ART WALKS.
ART WALKS ARE HELD EVERY MONTH OFFERING THE COMMUNITY AND VISITORS LIVE MUSIC, PERFORMANCE ARTISTS, ORIGINAL ART AND HAND-CRAFTED JEWELRY. ARTISTS WHO DO NOT HAVE A STUDIO OR GALLERY SPACE EXHIBIT THEIR WORKS AND GAIN EXPOSURE TO THE PUBLIC.
ART FESTIVALS ARE HELD QUARTELY TO HIGHLIGHT LOCAL ART HISTORY AND TALENT; SHARE ADDITIONAL STYLES OF PAINTING AND AMERICAN CRAFT TO THE COMMUNITY AND VISITORS; PROVIDE AN OPPORTUNITY FOR LOCAL AND NATIONAL ARTISTS TO SHOWCASE AND DEMONSTRATE THEIR TALENTS.
EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Mcbay Chairman | 1 | $0 | |
Patti Stanley Board Member | 1 | $0 | |
Pierre Marc Bellion Board Member | 1 | $0 | |
Riona Campbell Executive Dir. | 5 | $0 | |
Christina Steele Board Member | 1 | $0 | |
Morgan Beaton Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,727 |
| Total Program Service Revenue | $15,703 |
| Membership dues | $0 |
| Investment income | $31,253 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,683 |
| 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 | $4,749 |
| Occupancy, rent, utilities, and maintenance | $36,906 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,544 |
| Total expenses | $65,199 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,055 |
| Other assets | $0 |
| Total assets | $278,856 |
| Total liabilities | $150,571 |
| Net assets or fund balances | $128,285 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Morada Way Arts & Cultural District Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Family Connection Partnership Inc Atlanta, GA | $2,438,280 | $6,252,094 |
Eagle Arts Academy Inc Wellington, FL | $268,349 | $5,358,637 |
Vero Beach Museum Of Art Inc Vero Beach, FL | $60,866,235 | $8,493,938 |
Grandview Preparatory School Inc Boca Raton, FL | $15,212,269 | $5,400,121 |
Arts Center Association Inc St Petersburg, FL | $13,513,737 | $4,345,570 |
Gulfshore Opera Inc Naples, FL | $497,998 | $1,174,387 |
Jacksonville Arts And Music School Jacksonville, FL | $1,043,235 | $1,052,182 |
Realize Bradenton Inc Bradenton, FL | $630,233 | $957,046 |
Young Philosophers Society Inc Shalimar, FL | $29,328 | $903,631 |
Art League Of Marco Island Inc Marco Island, FL | $1,995,611 | $956,565 |
Arts4all Florida Tampa, FL | $1,023,964 | $852,559 |
Sunflower Creative Arts Inc Delray Beach, FL | $1,506,931 | $782,866 |