Hermitage Artist Retreat Inc is located in Englewood, FL. The organization was established in 2002. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Hermitage Artist Retreat Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hermitage Artist Retreat 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 06/2023, Hermitage Artist Retreat Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 15.4% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND FOSTER THE MOST INFLUENTIAL AND CULTURALLY CONSEQUENTIAL ART AND ARTISTS OF OUR TIME; TO NURTURE CREATIVITY, PRESERVE A FLORIDA HISTORIC SITE, PROTECT NATIVE ECOLOGY AND SERVE OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTIST IN RESIDENCE PROGRAM: TO PROVIDE CREATIVE TIME AND INSPIRING SPACE FOR ARTISTS FROM AROUND THE WORLD TO COME AND CREATE, AND TO SHARE THEIR TALENTS WITH THE COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robyn Citrin President | OfficerTrustee | 2 | $0 |
David B Green Vice President | OfficerTrustee | 2 | $0 |
Steven Adler Treasurer | OfficerTrustee | 2 | $0 |
Ellen Berman Secretary | OfficerTrustee | 2 | $0 |
Sondra Biller Trustee | Trustee | 2 | $0 |
Christine Boone Trustee | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $137,268 |
All other contributions, gifts, grants, and similar amounts not included above | $1,569,119 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,706,387 |
Total Program Service Revenue | $15,510 |
Investment income | $51,154 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $170,298 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,944,787 |
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. | $255,051 |
Compensation of current officers, directors, key employees. | $66,313 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $533,490 |
Pension plan accruals and contributions | $9,546 |
Other employee benefits | $51,328 |
Payroll taxes | $52,700 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,300 |
Fees for services: Accounting | $27,877 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $22,398 |
Advertising and promotion | $67,451 |
Office expenses | $64,189 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $107,649 |
Travel | $18,899 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,580 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $63,277 |
Insurance | $17,054 |
All other expenses | $17,050 |
Total functional expenses | $1,714,332 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $138,904 |
Savings and temporary cash investments | $1,508,593 |
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 | $1,113,256 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $765,443 |
Intangible assets | $0 |
Other assets | $500 |
Total assets | $3,526,696 |
Accounts payable and accrued expenses | $74,472 |
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 | $74,472 |
Net assets without donor restrictions | $3,452,224 |
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 | $3,526,696 |