Downtown Arts District Inc
- Assets
- $781.3k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Orlando, FL
- Founding
- 10/2002
- Data as of
- 09/2023
- EIN
- 30-0086039
Organization Overview
Downtown Arts District Inc is located in Orlando, FL. The organization was established in 2002. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Downtown Arts District Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Arts 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 09/2023, Downtown Arts District Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $868.0k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD, STIMULATE, AND GUIDE THE DEVELOPMENT OF A VIBRANT, INNOVATIVE ARTS AND CULTURAL DISTRICT THAT ENHANCES ECONOMIC DEVELOPMENT IN DOWNTOWN ORLANDO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT ART GROUPS BY DEVELOPING OPPORTUNITIES TO LEASE SPACE IN DOWNTOWN ORLANDO AND TO PROMOTE DEVELOPMENT OF ARTS AND CULTURE IN DOWNTOWN ORLANDO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Hartley Executive Director | Trustee | 40 | $62,907 |
Ben Laube Immediate Past Chair | Trustee | 0.25 | $0 |
Brian Carwile Board Member | Trustee | 0.25 | $0 |
Carol Burkett Board Member | Trustee | 0.25 | $0 |
Danny Betancourt Board Member | Trustee | 0.25 | $0 |
Donna Dowless Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,854 |
| Related organizations | $0 |
| Government grants | $1,084,641 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,784 |
| Noncash contributions included in lines 1a–1f | $626,604 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,195,279 |
| Total Program Service Revenue | $78,581 |
| 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 | $1,273,860 |
| 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. | $64,057 |
| Compensation of current officers, directors, key employees. | $14,073 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,942 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,148 |
| Advertising and promotion | $95,122 |
| Office expenses | $42,434 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $144,866 |
| Travel | $2,327 |
| 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 | $63,305 |
| Insurance | $25,987 |
| All other expenses | $0 |
| Total functional expenses | $867,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,647 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,815 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $125,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $28,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $485,015 |
| Total assets | $781,333 |
| Accounts payable and accrued expenses | $3,959 |
| 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 | $3,959 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $498,607 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $278,767 |
| Total liabilities and net assets/fund balances | $781,333 |