F A F O Inc
- Assets
- $724.0k
- Revenue
- $253.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Ocala, FL
- Founding
- 11/1983
- Data as of
- 12/2023
- EIN
- 59-1531258
Organization Overview
F A F O Inc, operating under the name Fine Arts For Ocala, is located in Ocala, FL. The organization was established in 1983. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Fine Arts For Ocala 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, Fine Arts For Ocala generated $253.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $184.4k during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 9 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 MISSION OF F.A.F.O. IS TO PROMOTE THE APPRECIATION OF THE FINE ARTS AND TO ENHANCE ART EDUATION WITHIN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OCALA ARTS FESTIVAL - FAFO BRINGS ARTIST FROM ALL OVER THE USA TO PARTICIPATE IN A DOWNTOWN ARTS FESTIVAL. 155-200 FNE ARTIST EXHIBIT THEIR WORKS OF ART FOR A TWO-DAY WEEKEND EACH OCTOBER. THE EVENT DRAWS APPROXIMATELY 20,000 VISITORS. A STUDENT ART EXHIBIT IS INCLUDED THAT SHOWCASES THE WORK OF ALL MARION COUNTY PUBLIC AND PRIVATE SCHOOLS. FAFO EMPLYS LOCAL MUSICIANS, ARTISTS, RENTAL COMPANIES AND PERFORMERS.
SYMPHONY UNDER THE STARS - FAFO EMPLOYS THE LOCAL OCALA SYMPHONY ORCHESTRA TO PERFORM AN OUTDOOR MOTHERS DAY CONCERT FOR APPROXIMATELY 4,000 PEOPLE EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billye Mallory President | OfficerTrustee | 8 | $0 |
Jena Brooks Vice President | OfficerTrustee | 2 | $0 |
Charlita Whitehead Secretary | OfficerTrustee | 2 | $0 |
David Hooper Treasurer | OfficerTrustee | 3 | $0 |
Beth Cannon Board Member | Trustee | 6 | $0 |
Sondra Collins Board Member | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,122 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,868 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,415 |
| Total Program Service Revenue | $173,490 |
| Investment income | $51,553 |
| 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 | $253,458 |
| 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. | $26,646 |
| Compensation of current officers, directors, key employees. | $6,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,682 |
| Office expenses | $3,089 |
| Information technology | $2,049 |
| 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 | $275 |
| Insurance | $5,466 |
| All other expenses | $116,244 |
| Total functional expenses | $184,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,675 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $155 |
| 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 | $27,211 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,471 |
| Investments—publicly traded securities | $611,457 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $723,969 |
| Accounts payable and accrued expenses | $1,479 |
| 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 | $1,479 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $722,490 |
| 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 | $723,969 |