South Florida Art Center Inc, operating under the name Oolite Arts, is located in Miami Beach, FL. The organization was established in 1986. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Oolite Arts employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oolite Arts 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, Oolite Arts generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $4.0m during the year ending 09/2021. While expenses have increased by 19.8% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF OOLITE ARTS IS TO SUPPORT ARTISTS AND ADVANCE THEKNOWLEDGE AND PRACTICE OF CONTEMPORARY VISUAL ARTS. OOLITE ARTSCREATES OPPORTUNITIES FOR EXPERIMENTATION AND INNOVATION, ANDENCOURAGES THE EXCHANGE OF IDEAS ACROSS DIVERSE CULTURES THROUGHRESIDENCIES, EXHIBITIONS, PUBLIC PROGRAMS, EDUCATION AND OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENCY:FOURTEEN VISUAL ARTISTS PER YEAR ARE AWARDED FREE WORKING STUDIOS AT 924 LINCOLN ROAD, AND BENEFIT FROM EXHIBITION AND TEACHING OPPORTUNITIES, OPEN STUDIO EVENTS, AND STUDIO VISITS WITH CURATORS. MIAMI-BASED ARTISTS ARE SELECTED FOR TRAVEL RESIDENCY OPPORTUNITIES AT ANDERSON RANCH IN SNOWMASS VILLAGE, COLORADO, THE ATLANTIC CENTER FOR THE ARTS IN NEW SMYRNA BEACH, FLORIDA, AND ARTPACE SAN ANTONIO IN TEXAS. THE CINEMATIC ARTS RESIDENCY AWARDS ONE SOUTH FLORIDA FILMMAKER PER YEAR $50,000 IN FUNDING TO CREATE A MICRO-BUDGET NARRATIVE FILM. ONE PRINTMAKING RESIDENT RECEIVES ACCESS TO A FULLY-EQUIPPED PRINTMAKING ROOM, AS WELL AS TEACHING AND EXHIBITION OPPORTUNITIES.
EDUCATION AND COMMUNITY ENGAGEMENT:A TOTAL OF 250 IN-PERSON AND VIRTUAL ART CLASSES AND WORKSHOPS FOR YOUTH AND ADULTS ARE TAUGHT BY NINE LOCAL ARTISTS. THE PRINTSHOP PROVIDES A FULLY-FURNISHED PRINTMAKING STUDIO WITH ACCESS TO A CHARLES BRAND ETCHING PRESS, BRAYERS, GENERAL TOOLS, CLEANERS, DRYING RACK, SILKSCREEN DARKROOM, FLAT FILE STORAGE, AND MORE. SINCE 2018, THE ELLIES AWARDS HAS PROVIDED $2 MILLION IN FUNDS TO 100+ MIAMI VISUAL ARTISTS TO PRODUCE NEW WORK. IN ADDITION, ONE ARTIST RECEIVES A CAREER ACHIEVEMENT AWARD INCLUDING A SOLO EXHIBITION AT THE BASS MUSEUM OF ART AND ONE ARTIST WORKING TOWARDS EQUITY AND INCLUSION THROUGH THEIR ART PRACTICE WILL RECEIVE THE SOCIAL JUSTICE AWARD. OOLITE'S YOUTH PROGRAMMING INCLUDES A TEEN ARTIST RESIDENCY AND VIDEO ART BOX, WHICH PROVIDES STUDENTS WITH THE OPPORTUNITY TO WORK WITH PROFESSIONAL ARTISTS AND LEARN NEW SKILLS THAT WILL PREPARE THEM FOR A POSSIBLE CAREER IN THE ARTS.
EXHIBITION AND PUBLIC PROGRAMS:EXHIBITIONS AND PROGRAMS ARE ORGANIZED BY OOLITE STAFF AND VISITING CURATORS. OOLITE PRESENTS SIX CURATED EXHIBITIONS PER YEAR AT ITS 924 AND 928 LINCOLN ROAD SPACES, WHICH FEATURE ENGAGING NEW WORK BY RESIDENT ARTISTS AS WELL AS LOCAL AND NATIONALLY RECOGNIZED ARTISTS. EIGHT OFF-SITE EXHIBITIONS PER YEAR ARE ORGANIZED AT TWO WALGREENS STOREFRONTS, WHERE ARTISTS CREATE INSTALLATIONS THAT ARE VISIBLE 24/7, AND SEEN BY 65,000 PASSERSBY PER YEAR. PLUS, TWO LARGE-SCALE INSTALLATIONS AT MOUNT SINAI SURGICAL CENTER'S LOBBY PREPARE ARTISTS FOR PUBLIC ART COMMISSIONS. THE TALKS SERIES BRINGS CURATORS FROM IMPORTANT NATIONAL INSTITUTIONS TO MIAMI FOR PUBLIC LECTURES AND STUDIO VISITS WITH LOCAL ARTISTS, IN COLLABORATION WITH LOCUST PROJECTS. ART FILMS, A SERIES OF SCREENINGS FOLLOWED BY A Q&A WITH THE FILM'S SUBJECT, ACTORS, DIRECTORS, OR PRODUCERS IS PRESENTED IN PARTNERSHIP WITH O CINEMA. SKILLS (7/YEAR) PROFESSIONAL DEVELOPMENT WORKSHOPS PROVIDE ARTISTS AND FILMMAKERS WITH THE TOOLS TO ADVANCE THEIR CAREERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dennis Scholl President & CEO | Officer | 40 | $350,709 |
Esther Park VP Of Programming | Officer | 40 | $152,610 |
Aaron Feinberg CFO | Officer | 40 | $110,772 |
Alessandro Ferretti Director | Trustee | 5 | $0 |
Marie Elena Angulo Director | Trustee | 1 | $0 |
Deborah Slott Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Charles H Benson & Associates Architects | 9/29/21 | $1,008,456 |
Amicon Management Llc Owner's Representative For New Building | 9/29/21 | $158,250 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $26,605 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $489,677 |
All other contributions, gifts, grants, and similar amounts not included above | $54,638 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $570,920 |
Total Program Service Revenue | $51,947 |
Investment income | $1,514,167 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $22,430 |
Net Gain/Loss on Asset Sales | $2,244,888 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,483,318 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $550,000 |
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. | $680,340 |
Compensation of current officers, directors, key employees. | $509,220 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $602,964 |
Pension plan accruals and contributions | $57,914 |
Other employee benefits | $129,142 |
Payroll taxes | $78,573 |
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 | $381,816 |
Advertising and promotion | $22,820 |
Office expenses | $126,448 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $132,044 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $25,241 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $253,942 |
Insurance | $70,354 |
All other expenses | $131,164 |
Total functional expenses | $4,025,048 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,019,860 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $30,702 |
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 | $119,448 |
Net Land, buildings, and equipment | $8,592,588 |
Investments—publicly traded securities | $105,871,057 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,034 |
Total assets | $115,639,689 |
Accounts payable and accrued expenses | $251,142 |
Grants payable | $0 |
Deferred revenue | $54,250 |
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 | $8,704 |
Total liabilities | $314,096 |
Net assets without donor restrictions | $113,777,331 |
Net assets with donor restrictions | $1,548,262 |
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 | $115,639,689 |
Over the last fiscal year, we have identified 2 grants that South Florida Art Center Inc has recieved totaling $50,005.
Awarding Organization | Amount |
---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Beg. Balance | $97,583,222 |
Earnings | $13,093,145 |
Other Expense | $4,805,310 |
Ending Balance | $105,871,057 |
Organization Name | Assets | Revenue |
---|---|---|
National Foundation For Advancement In The Arts Inc Miami, FL | $60,834,688 | $13,120,444 |
South Florida Art Center Inc Miami Beach, FL | $115,639,689 | $4,483,318 |
Serenbe Art Farm For Arts And Education Corporation Chattahoochee Hills, GA | $1,242,651 | $1,430,942 |
Hambidge Center For Creative Arts & Sciences Inc Rabun Gap, GA | $5,261,763 | $2,990,287 |
Lemoyne Art Foundation Inc Tallahassee, FL | $3,131,181 | $2,535,049 |
Kp Cares Powder Springs, GA | $0 | $619,995 |
Silence The Shame Inc Alpharetta, GA | $362,225 | $490,921 |
Boca Hrande Art Center Inc Boca Grande, FL | $512,458 | $431,397 |
Studio By The Tracks Inc Irondale, AL | $666,947 | $386,340 |
Asian Arts Center Lake Park, FL | $54,545 | $240,988 |
Georgia Lawyers For The Arts Inc Atlanta, GA | $784,151 | $531,353 |
Fren Foundation Inc Richmond Hill, GA | $17,923 | $315,342 |