Bay Arts Alliance Inc
- Assets
- $612.2k
- Revenue
- $531.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Panama City, FL
- Founding
- 12/1980
- Data as of
- 09/2023
- EIN
- 59-1850105
Organization Overview
Bay Arts Alliance Inc is located in Panama City, FL. The organization was established in 1980. 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. As of 09/2023, Bay Arts Alliance Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay 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 09/2023, Bay Arts Alliance Inc generated $531.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $522.1k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. 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
TO SUPPORT, PROMOTE, AND DEVELOP THE ARTS AS ESSENTIAL TO THE GROWTH OF BAY COUNTY'S COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINE ARTS FACILITY MANAGEMENT OF A HISTORIC BUILDING THAT BELONGS TO THE CITY OF PANAMA CITY, FLORIDA.APPROXIMATE NUMBER OF PEOPLE BENEFITED: 5,000.
PROGRAMS SUPPORTING THE QUALITY OF LIFE FOR THE CITY OF PANAMA CITY, FLORIDA, INCLUDING ART EXHIBITIONS, CLASSES, AND OTHER ARTS PROGRAMMING.APPROXIMATE NUMBER OF PEOPLE BENEFITED: 7,200.
PUBLIC ART PROGRAM WITH A MISSION TO PUT PUBLIC ART THROUGHOUT BAY COUNTY.APPROXIMATE NUMBER OF PEOPLE BENEFITED: 5,000+.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jayson Kretzer Executive Director | Officer | 40 | $61,731 |
Catrina Raevens President | OfficerTrustee | 2 | $0 |
Caroline Smith Vice President | OfficerTrustee | 2 | $0 |
Kara Rigby Past President | OfficerTrustee | 2 | $0 |
Bryan Taylor Secretary | OfficerTrustee | 2 | $0 |
Kirsten Summers Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,270 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,393 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,869 |
| Total Program Service Revenue | $336,035 |
| Investment income | $243 |
| 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 | $19,230 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $531,724 |
| 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. | $67,662 |
| Compensation of current officers, directors, key employees. | $18,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,695 |
| Pension plan accruals and contributions | $533 |
| Other employee benefits | $13,392 |
| Payroll taxes | $15,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,025 |
| Advertising and promotion | $7,105 |
| Office expenses | $33,338 |
| Information technology | $20,593 |
| Royalties | $0 |
| Occupancy | $4,347 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,953 |
| All other expenses | $0 |
| Total functional expenses | $522,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,484 |
| Savings and temporary cash investments | $382,644 |
| 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 | $150 |
| Prepaid expenses and deferred charges | $7,931 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $612,209 |
| Accounts payable and accrued expenses | $519 |
| 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 | $519 |
| Net assets without donor restrictions | $611,690 |
| 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 | $612,209 |