Key West Art & Historical Society Inc
- Assets
- $3.6m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 32
- Location
- Key West, FL
- Founding
- 03/1965
- Data as of
- 09/2021
- EIN
- 59-0660461
Organization Overview
Key West Art & Historical Society Inc is located in Key West, FL. The organization was established in 1965. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Key West Art & Historical Society Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key West Art & Historical Society 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 09/2021, Key West Art & Historical Society Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $1.7m during the year ending 09/2021. While expenses have increased by 0.9% per year over the past 6 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
PROMOTE HUMANITIES, ART AND HISTORY OF THE FLORIDA KEYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHILE THE SOCIETY WAS STILL IN RECOVERY FROM THE IMPACTS OF COVID-19, THE SOCIETY HOSTED SEVERAL ROTATING EXHIBITS AT THE CUSTOM HOUSE MUSEUM, UPDATED DISPLAYS AT ITS OTHER 3 MUSEUMS AND RESUMED A NORMAL PROGRAMMING SCHEDULE. AT THE START OF THE FISCAL YEAR, MANY OF THE PROGRAMS LIKE THE DISTINGUISHED SPEAKER SERIES AND HAPPY HOUR WITH THE HISTORIAN WERE VIRTUAL. BY THE END OF THE FISCAL YEAR, THESE PROGRAMS SHIFTED TO AN IN-PERSON AND VIRTUAL HYBRID. EDUCATION OUTREACH OCCURRED THROUGHOUT THE YEAR AND THE SOCIETY HOSTED ITS ANNUAL YOUTH SUMMER PROGRAM ARTCAMP!. SIGNATURE SPECIAL EVENTS LIKE THE CONCH REVIVAL PICNIC, CUSTOM HOUSE HOLIDAY CONCERT & BAZAAR, AND CONCERT SERIES RESUMED.
OPERATION OF MUSEUM GIFT STORES, WHICH PROVIDE PATRONS OF THE MUSEUMS WITH ART, BOOKS AND OTHER EDUCATIONAL ITEMS RELATED TO KEY WEST AND ITS HISTORY.
CONDUCT EDUCATIONAL PROGRAMS, INTRODUCING ADULTS AND CHILDREN TO THE JOYS OF LEARNING HISTORY AND CREATING ART. PROGRAMMING: -ARTCAMP: ARTCAMP IS AN ANNUAL PROGRAM DURING THE SUMMER PROVIDING HALF-DAY AND FULL-DAY ART CLASSES TO CHILDREN. SCHOLARSHIPS ARE PROVIDED FOR MANY UNDERPRIVILEGED CHILDREN. ARTCAMP RAN FOR FIVE WEEKS DURING THE SUMMER. -THE DISTINGUISHED SPEAKER SERIES, WHICH BEGAN IN FISCAL YEAR 2014, CONTINUED THROUGH FISCAL YEAR 2017. THIS SERIES FOCUSED ON HOUR-LONG TALKS EVERY OTHER THURSDAY NOVEMBER THROUGH APRIL. SPEAKERS INCLUDED LOCAL ARTISTS AND HISTORIANS, AS WELL JOHN HEMINGWAY, GRANDSON OF ERNEST HEMINGWAY, AND TD ALLMAN. -CURATOR SESSIONS BEGAN - A MONTHLY HOUR-LONG TALK WITH OUR CURATOR ABOUT RELEVANT TOPICS, TAKING PLACE AT THE CUSTOM HOUSE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Gieda Executive Director | Officer | 45 | $100,122 |
Enid Torregrosa President | OfficerTrustee | 1 | $0 |
Jay Hall Treasurer | OfficerTrustee | 1 | $0 |
John O'leary 1st Vice President | OfficerTrustee | 1 | $0 |
Emma Starr Secretary | OfficerTrustee | 1 | $0 |
Sam Kaufman 2nd Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $165,708 |
| All other contributions, gifts, grants, and similar amounts not included above | $953,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,119,040 |
| Total Program Service Revenue | $1,136,675 |
| Investment income | $14,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,173 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,184 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $226,024 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,771,144 |
| 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. | $100,122 |
| Compensation of current officers, directors, key employees. | $19,554 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $699,523 |
| Pension plan accruals and contributions | $6,504 |
| Other employee benefits | $102,435 |
| Payroll taxes | $61,577 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,942 |
| Advertising and promotion | $61,669 |
| Office expenses | $150,529 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,826 |
| Travel | $6,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $656 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,649 |
| Insurance | $66,927 |
| All other expenses | $5,298 |
| Total functional expenses | $1,666,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $752,460 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $113,433 |
| 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 | $149,002 |
| Prepaid expenses and deferred charges | $173,781 |
| Net Land, buildings, and equipment | $1,181,486 |
| Investments—publicly traded securities | $930,549 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,016 |
| Other assets | $317,645 |
| Total assets | $3,638,372 |
| Accounts payable and accrued expenses | $137,423 |
| Grants payable | $0 |
| Deferred revenue | $93,497 |
| 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 | $230,920 |
| Net assets without donor restrictions | $2,916,548 |
| Net assets with donor restrictions | $490,904 |
| 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 | $3,638,372 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Key West Art & Historical Society Inc has recieved totaling $50,892.
| Awarding Organization | Amount |
|---|---|
Dogwood Foundation Poolville, TX PURPOSE: CONTRIBUTION | $40,000 |
Community Foundation Of The Florida Keys Key West, FL PURPOSE: general operating support | $8,750 |
Pheasant Hill Foundation Inc Morristown, NJ PURPOSE: GENERAL SUPPORT | $1,000 |
The Clements Family Charitable Trust Key West, FL PURPOSE: GENERAL FUNDING | $1,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Endowment Analysis
| Beg. Balance | $175,183 |
| Earnings | $42,479 |
| Admin Expense | $23,359 |
| Ending Balance | $194,303 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Historical Society Savannah, GA | $30,611,121 | $5,575,417 |
Holocaust Documentation & Education Center Inc Dania Beach, FL | $7,248,445 | $3,037,559 |
Coastal Heritage Society Inc Savannah, GA | $3,223,503 | $3,680,449 |
Birmingham Landmarks Inc Birmingham, AL | $19,773,714 | $5,790,152 |
Alabama Historic Ironworks Commission Mccalla, AL | $4,360,177 | $2,386,256 |
Coastal Georgia Historical Society Inc St Simons Island, GA | $8,728,661 | $2,039,042 |
Preservation Foundation Of Palm Beach Inc Palm Beach, FL | $27,182,699 | $14,785,747 |
Key West Art & Historical Society Inc Key West, FL | $3,638,372 | $2,771,144 |
Historic Westville Inc Columbus, GA | $12,453,096 | $665,726 |
Historical Society Of Martin County Inc Stuart, FL | $13,078,765 | $1,282,990 |
Tybee Island Historical Society Inc Tybee Island, GA | $6,056,946 | $1,662,737 |
Brevard Regional Arts Groups Inc Melbourne, FL | $2,769,843 | $1,580,932 |