Womans Exchange Inc Of Sarasota
- Assets
- $4.8m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 25
- Location
- Sarasota, FL
- Founding
- 07/1970
- Data as of
- 06/2024
- EIN
- 59-1109482
Organization Overview
Womans Exchange Inc Of Sarasota, operating under the name The Exchange Inc, is located in Sarasota, FL. The organization was established in 1970. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Exchange Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exchange 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, Exchange Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $4.2m during the year ending 06/2024. While expenses have increased by 2.2% 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.
Since 2015, Exchange Inc has awarded 110 individual grants totaling $2,719,348. 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
THROUGH THE PROCEEDS OF A CONSIGNMENT BUSINESS, PROVIDE FINANCIAL SUPPORT TO LOCAL VISUAL AND PERFORMING ARTS ORGANIZATIONS AND PROGRAMS, AND TO STUDENTS IN THE VISUAL AND PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SCHOLARSHIPS PROVIDED TO COLLEGE STUDENTS PURSUING AN EDUCATION IN THE ARTS AND ARTS ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Raymond Director | Trustee | 2 | $0 |
Mike Holmes Treasurer | OfficerTrustee | 2 | $0 |
Anne Johnson Secretary | OfficerTrustee | 2 | $0 |
Sue Sweeney Director | Trustee | 2 | $0 |
Jeff Hart Vice Preside | OfficerTrustee | 2 | $0 |
Chris Gallagher President | OfficerTrustee | 2 | $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 | $350,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,587 |
| Total Program Service Revenue | $3,787,069 |
| Investment income | $52,816 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$650 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,203,525 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $452,175 |
| Grants and other assistance to domestic individuals. | $32,000 |
| 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 | $726,346 |
| Pension plan accruals and contributions | $16,336 |
| Other employee benefits | $0 |
| Payroll taxes | $53,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $753 |
| Fees for services: Accounting | $35,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,378 |
| Office expenses | $50,050 |
| Information technology | $24,285 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,614 |
| Insurance | $206,732 |
| All other expenses | $84,853 |
| Total functional expenses | $4,200,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,208,311 |
| 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 | $987 |
| Prepaid expenses and deferred charges | $44,354 |
| Net Land, buildings, and equipment | $2,312,325 |
| Investments—publicly traded securities | $1,258,632 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,454 |
| Total assets | $4,826,063 |
| Accounts payable and accrued expenses | $71,530 |
| Grants payable | $402,000 |
| 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 | $473,530 |
| Net assets without donor restrictions | $4,352,533 |
| 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 | $4,826,063 |
Grants Awarded
Over the last fiscal year, Womans Exchange Inc Of Sarasota has awarded $432,175 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ASOLO THEATRE INC | | | $50,000 |
FLORIDA STUDIO THEATRE INC | | | $33,000 |
SARASOTA OPERA | | | $20,000 |
VAN WEZEL FOUNDATION INC | | | $30,000 |
SARASOTA ORCHESTRA | | | $30,000 |
SARASOTA BALLET OF FLORIDA INC | | | $20,000 |