Florence Regional Arts Alliance Inc
- Assets
- $42.7k
- Revenue
- $78.7k
- Investments
- $42.4k
- Employees
- 1
- Location
- Florence, SC
- Founding
- 12/1986
- Data as of
- 06/2024
- EIN
- 57-0807517
Organization Overview
Florence Regional Arts Alliance Inc is located in Florence, SC. The organization was established in 1986. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florence Regional Arts Alliance 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 06/2024, Florence Regional Arts Alliance Inc generated $78.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $102.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Florence Regional Arts Alliance Inc has awarded 44 individual grants totaling $270,027. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
FLORENCE REGIONAL ARTS ALLIANCE'S MISSION IS TO PROMOTE THE ARTS AS A CATALYST FOR COMMUNITY COHESIVENESS, EDUCATIONAL ADVANCEMENT AND ECONOMIC GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT OF ESTABLISHED PERFORMING ARTS GROUPS ORGANIZED AND PERFORMING IN THE FLORENCE AREA (ARTS ALIVE, MASTERWORKS CHOIR, FLORENCE SYMPHONY ORCHESTRA, FLORENCE LITTLE THEATRE, ETC.)
FINANCIAL SUPPORT OF THE ARTS IN PUBLIC AND PRIVATE SCHOOLS AND OTHER NON-PROFIT ORGANIZATIONS LOCATED IN THE FLORENCE AREA INCLUDING TEACHER INCENTIVE GRANTS.
BETTY ANN DARBY SCHOLARSHIP, JOHN W BAKER DISTINGUISHED SERVICE AWARD, THE BUSINESS IN ARTS PARTNERSHIP AWARD, AND THE EXCELLENCE IN ARTS EDUCATION AWARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonita Perry President | OfficerTrustee | 1 | $0 |
Roger Halligan Immediate Past President | OfficerTrustee | 1 | $0 |
Dawn Fenimore Secretary | OfficerTrustee | 1 | $0 |
Ron Jaggers Treasurer | OfficerTrustee | 1 | $0 |
Lauren Piner President Elect | OfficerTrustee | 1 | $0 |
Sandra Cook Executive Director | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,280 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,280 |
| Total Program Service Revenue | $1,758 |
| Investment income | $1,690 |
| 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 | $78,728 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,549 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,040 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75 |
| Fees for services: Other | $27 |
| Advertising and promotion | $804 |
| Office expenses | $1,223 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,547 |
| All other expenses | $0 |
| Total functional expenses | $102,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219 |
| 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 | $42,449 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,668 |
| 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 | $0 |
| Other liabilities | $68 |
| Total liabilities | $68 |
| Net assets without donor restrictions | $42,600 |
| 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 | $42,668 |
Grants Awarded
Over the last fiscal year, Florence Regional Arts Alliance Inc has awarded $52,734 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
FLORENCE LITTLE THEATRE PURPOSE: TO FINANCIALLY SUPPORT THE ARTS | $13,324 |
FLORENCE SYMPHONY ORCHESTRA PURPOSE: TO FINANCIALLY SUPPORT THE ARTS | $5,079 |
FRANCIS MARION UNIVERSITY ARTS INTERNATIONAL FESTIVAL PURPOSE: TO FINANCIALLY SUPPORT THE ARTS | $15,330 |
SOUTH CAROLINA DANCE THEATRE PURPOSE: TO FINANCIALLY SUPPORT THE ARTS | $6,247 |
LUCKY SHAMROCK FESTIVAL PURPOSE: TO FINANCIALLY SUPPORT THE ARTS | $559 |
THE MASTERWORKS CHOIR INC PURPOSE: TO FINANCIALLY SUPPORT THE ARTS | $3,392 |