Lovewell Institute For The Creative Arts
- Assets
- $96.2k
- Revenue
- $288.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Fort Lauderdale, FL
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 48-1066435
Organization Overview
Lovewell Institute For The Creative Arts is located in Fort Lauderdale, FL. The organization was established in 1989. 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 12/2021, Lovewell Institute For The Creative Arts employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lovewell Institute For The Creative Arts 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 12/2021, Lovewell Institute For The Creative Arts generated $288.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $243.6k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ARTS PROGRAMS THAT EMPOWER PEOPLE FROM ALL CULTURES AND ECONOMIC BACKGROUNDS THROUGH CREATION OF ORIGINAL WORKS OF THEATRE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVEWELL IGNITES THE SPARK OF CREATIVE THINKING IN STUDENTS, PARENTS, ARTISTS, TEACHERS AND THE SURROUNDING COMMUNITY. OUR PROGRAMS GALVANIZE OUR FRAGMENTED COMMUNITIES AND RALLY PEOPLE AROUND ISSUES OF COMMON CONCERN BY CREATING PUBLICLY PERFORMED THEATRE PIECES. EMPLOYING THE LOVEWELL METHOD, OUR STAFF GUIDES STUDENTS THROUGH THE ROUGH WATERS OF BRINGING ORDER OUT OF CHAOS. THE THEMES, CHARACTERS, DIALOGUE, PLOT, MUSIC, LYRICS, DESIGN AND DANCES IN OUR PRODUCTIONS A GENERATED DIRECTLY FROM THE IMAGINATION, EXPERIENCE OF THE STUDENTS. THE LOVEWELL METHOD UTILIZES CREATIVE PROBLEM SOLVING. THE PROCESS OF CREATING OUR SHOWS IS A TRAINING GROUND FOR GROUP DYNAMICS, TEAM BUILDING, ORGANIZATIONAL STRATEGY, EMOTIONAL INTELLIGENCE, AND SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Gilchrist Employee | Officer | 40 | $63,000 |
Wendy Masi PHD President | OfficerTrustee | $0 | |
William Shoemaker Treasurer | OfficerTrustee | $0 | |
Harriet Mathis Director | Trustee | $0 | |
Nils-Petter Ankarblom Director | Trustee | $0 | |
Richard Gore Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,167 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,671 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,838 |
| Total Program Service Revenue | $85,909 |
| 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 | -$74 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $288,472 |
| 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. | $63,825 |
| Compensation of current officers, directors, key employees. | $12,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,653 |
| Fees for services: Management | $45,975 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $472 |
| Office expenses | $1,174 |
| Information technology | $3,055 |
| Royalties | $0 |
| Occupancy | $3,765 |
| Travel | $10,873 |
| 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 | $0 |
| Insurance | $21,644 |
| All other expenses | $1,275 |
| Total functional expenses | $243,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,639 |
| 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 | $5,531 |
| Other assets | $0 |
| Total assets | $96,170 |
| Accounts payable and accrued expenses | $1,525 |
| 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 | $1,525 |
| Net assets without donor restrictions | $94,645 |
| 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 | $96,170 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lovewell Institute For The Creative Arts has recieved totaling $60,034.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: ANNUAL DISTRIBUTION | $25,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $25,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: ENDOWMENT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
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 |