The Arts Council Inc
- Assets
- $170.0k
- Revenue
- $321.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Stuart, FL
- Founding
- 09/1980
- Data as of
- 09/2021
- EIN
- 59-2015691
Organization Overview
The Arts Council Inc is located in Stuart, 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 09/2021, Arts Council Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Council 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 09/2021, Arts Council Inc generated $321.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $334.7k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE PARTICIPATION AND PASSION FOR THE ARTS OF MARTIN COUNTY, FLORIDA. KEY PROGRAMS INCLUDE THE COURT HOUSE CULTURAL CENTER GALLERY, ARTSFEST, THE MARTIES, & EDUCATIONAL ART PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION OF THE ARTS IN MARTIN COUNTY, FLORIDA AS THE LOCAL ARTS AGENCY FOR THE COMMUNITY; PROVIDING THE COURT HOUSE CULTURAL CENTER GALLERY AND RELATED EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Bowers Chair | OfficerTrustee | $0 | |
Karen L Barnes Treasurer | Trustee | $0 | |
Sheryl Levine Board Member | Trustee | $0 | |
Gaby Ferraro Secretary | Trustee | $0 | |
Ken Hooper-Capozzi Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,944 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $144,136 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,407 |
| Total Program Service Revenue | $0 |
| Investment income | $16,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $250 |
| 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 | $321,162 |
| 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 | $196,503 |
| 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 | $10,088 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,912 |
| Office expenses | $12,231 |
| Information technology | $3,555 |
| Royalties | $0 |
| Occupancy | $11,312 |
| Travel | $566 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $461 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,844 |
| Insurance | $5,826 |
| All other expenses | $25,660 |
| Total functional expenses | $334,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,751 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $3,371 |
| Net Land, buildings, and equipment | $14,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,207 |
| Total assets | $170,034 |
| Accounts payable and accrued expenses | $37,921 |
| 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 | $16,614 |
| Total liabilities | $54,535 |
| Net assets without donor restrictions | $30,789 |
| Net assets with donor restrictions | $84,710 |
| 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 | $170,034 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Arts Council Inc has recieved totaling $20,353.
| Awarding Organization | Amount |
|---|---|
Community Foundation Martin St Lucie Inc Stuart, FL PURPOSE: OPERATING AND PROGRAM SUPPORT | $20,000 |
The Fine Foundation Pittsburgh, PA PURPOSE: GENERAL OPERATING SUPPORT | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Endowment Analysis
| Beg. Balance | $68,604 |
| Earnings | $16,106 |
| Ending Balance | $84,710 |
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 |