Cultural Council Of Palm Beach County Inc
- Assets
- $4.8m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 23
- Location
- Lake Worth Beach, FL
- Founding
- 02/1979
- Data as of
- 09/2022
- EIN
- 59-1862336
Organization Overview
Cultural Council Of Palm Beach County Inc, operating under the name Cultural Council for Palm Beach County, is located in Lake Worth Beach, FL. The organization was established in 1979. 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 09/2022, Cultural Council for Palm Beach County employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cultural Council for Palm Beach County 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 09/2022, Cultural Council for Palm Beach County generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $4.5m during the year ending 09/2022. While expenses have increased by 1.8% per year over the past 7 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, Cultural Council for Palm Beach County has awarded 258 individual grants totaling $2,225,539. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FULFILLING THE NEED FOR ARTS AND CULTURAL EXPERIENCES IN PALM BEACH COUNTY. (CONTINUED ON SCHEDULE O)(CONTINUED FROM PAGE 1, PART I, LINE 1.) TO EDUCATE, DEVELOP, COORDINATE, AND PROMOTE THE VISUAL AND PERFORMING ARTS AND CULTURAL ACTIVITIES THROUGHOUT PALM BEACH COUNTY, FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CULTURAL COUNCIL FOR PALM BEACH COUNTY IS THE OFFICIAL SUPPORT AGENCY FOR ARTS AND CULTURE IN PALM BEACH COUNTY, FLORIDA. AS SUCH, IT PROVIDES GRANTS TO CULTURAL ORGANIZATIONS AND CREATIVE PROFESSIONALS, ADVOCATES FOR ARTS AND CULTURAL FUNDING, ENHANCES LOCAL ARTS EDUCATION, OFFERS SUPPORT SERVICES TO FOSTER GROWTH IN THE CULTURAL SECTOR, AND PROMOTES CULTURAL TOURISM. FUNDS FOR ITS GRANT PROGRAMS AND TOURISM MARKETING ARE LARGELY DERIVED FROM THE COUNTY'S BED TAX, WHICH THE COUNCIL HAS MANAGED FOR NEARLY 40 YEARS. THE COUNCIL'S OTHER PROGRAMS AND SERVICES ARE SUPPORTED BY PRIVATE FUNDS DERIVED FROM DONATIONS AND MEMBERSHIP. (CONTINUED ON SCHEDULE O)(CONTINUED FROM PAGE 2, PART III, LINE 4A) THE COUNCIL'S HEADQUARTERS IN LAKE WORTH BEACH SERVES AS A VENUE FOR GALLERY EXHIBITIONS AND PERFORMANCES BY ARTISTS WHO LIVE OR WORK IN PALM BEACH COUNTY, AND INCLUDES A VISIT FLORIDA - DESIGNATED FLORIDA CERTIFIED TOURISM INFORMATION CENTER AND GIFT STORE WITH HAND-CRAFTED ITEMS BY LOCAL ARTISTS. THE COUNCIL IS AN ACTIVE MEMBER OF THE SOUTH FLORIDA CULTURAL CONSORTIUM AND FLORIDA CULTURAL ALLIANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lawrence President And CEO | Officer | 40 | $189,025 |
Jennifer Sullivan VP Of Markteting | Officer | 40 | $145,215 |
Kathleen Alex Chief Financial Officer | Officer | 40 | $144,420 |
Jean Sharf Secretary | OfficerTrustee | 2 | $0 |
Daryn M Kirchfeld Chairman | OfficerTrustee | 4 | $0 |
Frances Fisher Vice Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $213,404 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,880,896 |
| All other contributions, gifts, grants, and similar amounts not included above | $528,020 |
| Noncash contributions included in lines 1a–1f | $25,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,622,320 |
| Total Program Service Revenue | $16,510 |
| Investment income | $9,695 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,454 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,539 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,742,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $211,662 |
| Grants and other assistance to domestic individuals. | $56,905 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $557,064 |
| Compensation of current officers, directors, key employees. | $18,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $837,422 |
| Pension plan accruals and contributions | $40,919 |
| Other employee benefits | $74,515 |
| Payroll taxes | $96,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,498 |
| Fees for services: Other | $55,984 |
| Advertising and promotion | $1,912,281 |
| Office expenses | $64,261 |
| Information technology | $17,674 |
| Royalties | $0 |
| Occupancy | $102,647 |
| Travel | $10,263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $208,745 |
| Interest | $250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,443 |
| Insurance | $35,815 |
| All other expenses | $0 |
| Total functional expenses | $4,507,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $850 |
| Savings and temporary cash investments | $738,579 |
| Pledges and grants receivable | $854,611 |
| 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 | $35,085 |
| Net Land, buildings, and equipment | $2,634,516 |
| Investments—publicly traded securities | $471,197 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,305 |
| Total assets | $4,793,143 |
| Accounts payable and accrued expenses | $332,718 |
| Grants payable | $56,133 |
| 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 | $700,000 |
| Total liabilities | $1,088,851 |
| Net assets without donor restrictions | $3,306,336 |
| Net assets with donor restrictions | $397,956 |
| 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 | $4,793,143 |
Grants Awarded
Over the last fiscal year, Cultural Council Of Palm Beach County Inc has awarded $153,761 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Tampa, FL PURPOSE: C-1 Grant | $14,793 |
West Palm Beach, FL PURPOSE: C-1 Grant | $14,692 |
Lake Worth, FL PURPOSE: C-1 Grant | $14,591 |
BENZAITEN CENTER FOR CREATIVE ARTS PURPOSE: C-1 Grant | $14,591 |
Boynton Beach, FL PURPOSE: C-1 Grant | $14,540 |
Boca Raton, FL PURPOSE: C-1 Grant | $14,438 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Cultural Council Of Palm Beach County Inc has recieved totaling $83,200.
| Awarding Organization | Amount |
|---|---|
Frances And Jeffrey Fisher Charitable Foundation Inc Palm Beach, FL PURPOSE: GENERAL | $25,000 |
Frances And Jeffrey Fisher Charitable Foundation Inc Palm Beach, FL PURPOSE: GENERAL | $25,000 |
Frances And Jeffrey Fisher Charitable Foundation Inc Palm Beach, FL PURPOSE: GENERAL | $25,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,950 |
Hirsch-Schwartz Foundation Palm Beach, FL PURPOSE: TO ENHANCE THE PURPOSE OF THE ORGANIZATION. | $250 |
Endowment Analysis
| Beg. Balance | $450,491 |
| Earnings | -$74,316 |
| Net Contributions | $7,500 |
| Ending Balance | $383,675 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cultural Council Of Palm Beach County Inc Lake Worth Beach, FL | $4,793,143 | $4,742,344 |
Cultural Council Of Greater Jacksonville Inc Jacksonville, FL | $577,068 | $3,572,819 |
Cultural Arts Alliance Of Walton County Inc Santa Rosa Beach, FL | $1,589,412 | $4,021,935 |
Center For The Arts Of Bonita Springs Inc Bonita Springs, FL | $7,207,342 | $3,360,058 |
Center For Creative Education West Palm Beach, FL | $14,885,333 | $5,252,412 |
Arts Council Inc Huntsville, AL | $1,324,347 | $2,576,236 |
Coconut Grove Arts & Historical Coconut Grove, FL | $1,112,437 | $2,390,946 |
Alabama Humanities Foundation Birmingham, AL | $1,112,119 | $1,988,298 |
Metropolitan Arts Council Birmingham, AL | $4,072,987 | $1,705,369 |
Lee County Alliance Of The Arts Inc Fort Myers, FL | $4,890,269 | $1,232,249 |
Ocean Reef Art League Inc Key Largo, FL | $10,228,516 | $1,258,046 |
Greater Augusta Arts Council Inc Augusta, GA | $394,286 | $813,161 |