Atlantic Center For The Arts Inc is located in New Smyrna Beach, FL. The organization was established in 1980. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Atlantic Center For The Arts Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic Center For The Arts 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 12/2021, Atlantic Center For The Arts Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 2.2% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND PROMOTE ART AND HUMANITIES IN ALL THEIR FORMS, INCLUDING THE VISUAL AND PERFORMING ARTS AND CULTURAL EDUCATION THROUGH INSTRUCTION.
Describe the Organization's Program Activity:
MASTER ARTISTS IN RESIDENCE - A PROGRAM WHEREBY ASPIRING ARTISTS IN ALL FIELDS OF THE VISUAL AND PERFORMING ARTS ARE AFFORDED THE OPPORTUNITY TO STUDY IN RESIDENCE WITH A RECOGNIZED MASTER ARTIST.
CULTURAL EXCHANGE AND OTHER - VARIOUS LOCAL AND REGIONAL PROGRAMS WHOSE AIM IS TO PROVIDE CULTURAL EDUCATION IN THE ARTS AND HUMANITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nancy Lowden Norman Executive Director | Officer | 40 | $108,329 |
Corey Brown Secretary | OfficerTrustee | 1 | $0 |
Abbie Teague Vice Chair | OfficerTrustee | 1 | $0 |
Roy Hester Chair | OfficerTrustee | 1 | $0 |
Russell North Treasurer | OfficerTrustee | 1 | $0 |
Kevin Miller CFO | Officer | 40 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $213,293 |
Related organizations | $0 |
Government grants | $327,751 |
All other contributions, gifts, grants, and similar amounts not included above | $252,735 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $793,779 |
Total Program Service Revenue | $270,340 |
Investment income | $316,314 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$21,929 |
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 | -$22,622 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,435,655 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $556,468 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
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 | $144,432 |
Advertising and promotion | $7,715 |
Office expenses | $12,923 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $42,341 |
Travel | $15,553 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $3,219 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $256,848 |
Insurance | $83,070 |
All other expenses | $80,730 |
Total functional expenses | $1,433,605 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $117,841 |
Savings and temporary cash investments | $36,007 |
Pledges and grants receivable | $127,369 |
Accounts receivable, net | $104,615 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $7,542 |
Prepaid expenses and deferred charges | $45,098 |
Net Land, buildings, and equipment | $4,053,173 |
Investments—publicly traded securities | $4,363,496 |
Investments—other securities | $72,435 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $8,927,576 |
Accounts payable and accrued expenses | $90,094 |
Grants payable | $0 |
Deferred revenue | $103,246 |
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 | $108,385 |
Total liabilities | $301,725 |
Net assets without donor restrictions | $4,924,364 |
Net assets with donor restrictions | $3,701,487 |
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 | $8,927,576 |
Over the last fiscal year, we have identified 10 grants that Atlantic Center For The Arts Inc has recieved totaling $170,148.
Awarding Organization | Amount |
---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: ARTIST IN RESIDENCE PROGRAM SUPPORT (OVER 2 YEARS) | $50,000 |
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: ARTIST IN RESIDENCE PROGRAM SUPPORT (OVER 2 YEARS) | $50,000 |
Pabst Steinmetz Foundation Inc Winter Park, FL PURPOSE: GENERALGENERALGENERALGENERAL | $25,000 |
The National Environmental Education And Training Foundation Washington, DC PURPOSE: TOYOTA MOBILITY AND ACCESSIBILITY GRANTS | $20,000 |
Art And Phyllis Grindle Foundation Inc Orlando, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $6,050 |
Organization Name | Assets | Revenue |
---|---|---|
Society Of The Four Arts Palm Beach, FL | $121,173,909 | $24,597,391 |
Irma And Norman Braman Art Foundation Miami, FL | $27,200,000 | -$200,000 |
Korean Martial Arts Culture & Education Foundation Inc Hollywood, FL | $530,186 | $4,469,417 |
Cafe 1040 Inc Alpharetta, GA | $1,445,364 | $4,184,740 |
Safe States Alliance Atlanta, GA | $855,123 | $2,462,301 |
Miami Broward One Carnival Host Committee Inc Miami, FL | $499,382 | $2,415,530 |
Artsnow Inc Atlanta, GA | $4,742,407 | $2,526,341 |
Dunedin Fine Arts Cultural Center Inc Dunedin, FL | $9,442,187 | $2,311,828 |
Ocean Reef Cultural Center Inc Key Largo, FL | $38,541,149 | $2,233,554 |
Pensacola Retirement Village Inc Orlando, FL | $4,149,191 | $1,797,373 |
Iris & B Gerald Cantor Foundation Palm Beach, FL | $24,280,811 | $1,163,888 |
Spruill Center For The Arts Inc Atlanta, GA | $6,437,897 | $2,168,968 |