The Arts Council Inc
- Assets
- $134.2k
- Revenue
- $420.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Stuart, FL
- Founding
- 09/1980
- Data as of
- 09/2023
- 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 09/2023, Arts Council Inc employed 8 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 09/2023, Arts Council Inc generated $420.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $385.7k during the year ending 09/2023. 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 INSPIRE PARTICIPATION AND PASSION FOR THE ARTS OF MARTIN COUNTY, FLORIDA. KEY PROGRAMS INCLUDE THE COURT HOUSE CULTURAL CENTER GALLERY AND EDUCATIONAL ARTS 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 |
|---|---|---|---|
Gabriella Ferraro Chair | OfficerTrustee | 1 | $0 |
Nicki Van Vonno Secretary | OfficerTrustee | 1 | $0 |
Karen Barnes Treasurer | OfficerTrustee | 1 | $0 |
Kenneth Hooper-Capozzi Director | OfficerTrustee | 1 | $0 |
Sheryl Levine Director | OfficerTrustee | 1 | $0 |
Nancy Turrell Executive Director | Officer | 40 | $67,533 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,516 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $347,128 |
| Noncash contributions included in lines 1a–1f | $30,528 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $408,644 |
| Total Program Service Revenue | $3,285 |
| Investment income | $4,083 |
| 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 | $420,800 |
| 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. | $79,274 |
| Compensation of current officers, directors, key employees. | $18,234 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,258 |
| Pension plan accruals and contributions | $4,861 |
| Other employee benefits | $13,629 |
| Payroll taxes | $16,529 |
| 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 | $3,361 |
| Advertising and promotion | $18,093 |
| Office expenses | $6,655 |
| Information technology | $3,527 |
| Royalties | $0 |
| Occupancy | $11,448 |
| Travel | $1,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $894 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,115 |
| Insurance | $7,169 |
| All other expenses | $2,114 |
| Total functional expenses | $385,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,774 |
| 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 | $3,004 |
| Net Land, buildings, and equipment | $6,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,053 |
| Total assets | $134,164 |
| Accounts payable and accrued expenses | $24,805 |
| 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 | $24,805 |
| Net assets without donor restrictions | $59,359 |
| Net assets with donor restrictions | $50,000 |
| 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 | $134,164 |