St Petersburg Warehouse Arts District Inc
- Assets
- $4.0m
- Revenue
- $653.9k
- Investments
- $0.0
- Employees
- 3
- Location
- St Petersburg, FL
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-0826859
Organization Overview
St Petersburg Warehouse Arts District Inc, operating under the name Warehouse Arts District Association, is located in St Petersburg, FL. The organization was established in 2014. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Warehouse Arts District Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Warehouse Arts District Association 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, Warehouse Arts District Association generated $653.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $725.7k during the year ending 12/2023. While expenses have increased by 16.7% 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
THE ORGANIZATIONS MISSION IS TO PROVIDE A COMMUNITY THAT WILL ATTRACT ARTISTS FROM ALL OVER THE COUNTRY TO LIVE, WORK AND CREATE IN A CENTRALIZED LOCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WAREHOUSE ARTS DISTRICT ASSOCIATION (WADA) IS A 501(C)3 NON-PROFIT ARTS ORGANIZATION DEDICATED TO BUILDING AND SUSTAINING A VIBRANT ARTS COMMUNITY WITHIN AND AROUND THE WAREHOUSE ARTS DISTRICT IN DOWNTOWN ST. PETERSBURG. SPANNING FROM 1ST AVENUE NORTH TO 10TH AVENUE SOUTH AND 16TH STREET TO 31ST STREET, THE WAREHOUSE ARTS DISTRICT INCLUDES THE DEUCES LIVE MAIN STREET AND IS COMPRISED OF A THRIVING COMMUNITY OF OVER 300 BUSINESSES THAT SUPPORT BOTH THE ARTISTIC OUTREACH OF THE ORGANIZATION AND THE COMMUNITY REVITALIZATION. WADA EMPLOYS A BROAD SPECTRUM OF TOOLS, INCLUDING MARKETING, ADVOCACY, COMMUNITY STIMULATION, AND EDUCATIONAL PROGRAMMING TO SUPPORT THE SUCCESS OF ARTISTS AND COMMUNITY. THE EDUCATION CENTER WILL SERVE ALL CITIZENS, PARTICULARLY THOSE IN THE MIDTOWN AREA, WITH ACCESSIBLE HEALTH, WELLNESS, AND ART CLASSES. FOR MORE INFORMATION, PLEASE VISIT, WAREHOUSEARTSDISTRICTSTPETE.COM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Markus Gootschlich Executive Dir. | Officer | 40 | $137,150 |
Mark Aeling President | OfficerTrustee | 2 | $0 |
Robert Kapusta Treasurer | OfficerTrustee | 2 | $0 |
Joe Furst Director | Trustee | 2 | $0 |
Teresa Sullivan Secretary | Trustee | 2 | $0 |
Jim Kammarud Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,008 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,567 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,086 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,661 |
| Total Program Service Revenue | $6,968 |
| Investment income | $240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $338,288 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,048 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $653,946 |
| 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. | $137,150 |
| Compensation of current officers, directors, key employees. | $102,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,567 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,740 |
| Office expenses | $1,830 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $114,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,267 |
| Insurance | $63,150 |
| All other expenses | $74,473 |
| Total functional expenses | $725,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,141 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,292 |
| 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 | $3,840,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,381 |
| Other assets | $18,638 |
| Total assets | $4,039,217 |
| 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 | $29,500 |
| Secured mortgages and notes payable | $1,742,028 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,709 |
| Total liabilities | $1,798,237 |
| Net assets without donor restrictions | $2,240,980 |
| 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 | $4,039,217 |