Grace Arts Center Inc
- Assets
- $2.8m
- Revenue
- $521.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 35-2420731
Organization Overview
Grace Arts Center Inc is located in Fort Lauderdale, FL. The organization was established in 2013. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Grace Arts Center 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 12/2023, Grace Arts Center Inc generated $521.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $350.2k during the year ending 12/2023. While expenses have increased by 21.7% 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
GRACE ARTS CENTER (GAC) EXCEEDED 2022 ARTIST CONTRACTS IN 2023 WITH THE HIRING OF EIGHTY FIVE (85) CREATIVE AND TECHNICAL PROFESSIONALS INCLUDING TEAMS OF FILMMAKERS, ANIMATION EXPERTS, ACTORS, TRANSLATORS, DANCERS, PAINTERS AND CRAFTS PERSONS. THE FIRST FILM RELEASED IN 2022 RECEIVED NUMEROUS AWARDS IN 2023. THE SALE OF ARTWORKS IN 2022 FUNDED THE FIRST STUDY ABROAD SCHOLARSHIPS AWARDED IN SUMMER 2023 TO TWO LOCAL PUBLIC HIGH SCHOOL GRADUATES CONTINUING ARTS EDUCATION IN ITALY. NEW ARTWORKS WERE DONATED TO THE ORGANIZATION IN 2023 TO RAISE PROGRAMMING FUNDS (INCLUDING ARTWORKS FROM BOARD MEMBERS). AN ART EXHIBIT AND AUCTION IS PLANNED FOR EARLY 2025 TO EXPAND THE ORIGINAL BOARD OF THREE MEMBERS AND INSTALL AT LEAST FIVE (5) BOARD MEMBERS, A PAID DIRECTOR AND AT LEAST ONE PART-TIME SUPPORT STAFF PERSON BY 2026.
Describe the Organization's Program Activity:
Part 3 - Line 4a
4A CULTURAL EXHIBITS: 'OUTSIDER' ART SELF-TAUGHT VISUAL ARTIST EXHIBITS AT CULTURAL AND HISTORICAL SITES 'STREET ART REGATTA' AN OUTDOOR ART EXHIBIT ON THE WATER AND LAND FEATURING PAINTED SAILS AND COMPETITIVE SAILING ART FAIR INSTALLATIONS AND ACTIVITIES DURING MIAMI ART WEEK TO PROVIDE A PLATFORM FOR SELF-TAUGHT ARTISTS OF EXCELLENCE TO BE CURATED WITH A FOCUS ON FLORIDA CULTURE AND HISTORY FLORIDA FOLK FILM SERIES ARE MICRO DOCUMENTARIES EXPLORING FOLK CULTURE.
PERFORMANCES: 'SHAKESPEARE LA FLORIDA' ANNUAL MULTI-DISCIPLINARY THEATER ADAPTATION SERIES 'FESTIVAL OF CLASSICS' A 'SHAKESPEARE IN THE PARK' INITIATIVE TO FOSTER COLLABORATION WITH OTHER CULTURAL ORGANIZATIONS AND ENCOURAGE CLASSICAL LITERATURE READING AND CREATIVE WRITING INCLUDES A PUBLIC FESTIVAL PROJECT WITH LIVE PERFORMANCES AND MASTER CLASSES AT PUBLIC SCHOOLS.
URBAN DESIGN: 'COAT' COMMUNITY OF ARTISTS TRANSFORMS MURAL ART INSTALLATIONS 'ARTWORKS' COMMUNITY CONVERSATIONS WITH DESIGNERS AND ARTISTS WITH OPPORTUNITIES FOR ACADEMIC PARTICIPATION TO CONTRAST AND EXPLORE FLORIDA VERNACULAR DESIGN 'MOBILE ART PAVILION' COMMUNITY REVITALIZATION THROUGH A TRANSPORTABLE PLATFORM FOR THE ARTS 'URBAN SHADE' ARCHITECTURE AND DESIGN CHALLENGE TO PLACE MODULAR AND NATURAL TREE SHADE TOGETHER IN PUBLIC SPACES NEW IN 2022 'SAGA' A POP UP ART-AS-SHADE EVENT WITH VISUAL AND PERFORMANCE ARTISTS TO SUPPORT HOMELESS INITIATIVES .
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 |
|---|---|---|---|
Clare Vickery Director | Trustee | 20 | $0 |
Troy Inch Director | Trustee | 3 | $0 |
David Benjamin Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $205,521 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,289 |
| Noncash contributions included in lines 1a–1f | $146,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $370,810 |
| Total Program Service Revenue | $80,851 |
| 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 | $521,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $227,851 |
| 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 | $500 |
| Fees for services: Accounting | $450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,500 |
| Office expenses | $0 |
| Information technology | $3,500 |
| Royalties | $0 |
| Occupancy | $19,000 |
| Travel | $3,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,100 |
| Interest | $3,400 |
| Payments to affiliates | $2,500 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,000 |
| All other expenses | $0 |
| Total functional expenses | $350,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,460 |
| Savings and temporary cash investments | $0 |
| 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 | $2,759,864 |
| Total assets | $2,787,324 |
| Accounts payable and accrued expenses | $0 |
| 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 | $43,590 |
| Other liabilities | $0 |
| Total liabilities | $43,590 |
| Net assets without donor restrictions | $2,743,734 |
| 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 | $2,787,324 |