South Florida Art Center Inc
- Assets
- $104.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Miami Beach, FL
- Founding
- 02/1986
- Data as of
- 09/2023
- EIN
- 59-2423867
Organization Overview
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 09/2023, Oolite Arts employed 16 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 09/2023, Oolite Arts generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $4.3m during the year ending 09/2023. While expenses have increased by 15.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF OOLITE ARTS IS TO SUPPORT ARTISTS AND ADVANCE THE KNOWLEDGE AND PRACTICE OF CONTEMPORARY VISUAL ARTS AND CULTURE IN SOUTH FLORIDA. OOLITE ARTS CREATES OPPORTUNITIES FOR EXPERIMENTATION AND INNOVATION AND ENCOURAGES THE EXCHANGE OF IDEAS ACROSS CULTURES THROUGH RESIDENCIES, EXHIBITIONS, PUBLIC PROGRAMS, EDUCATION AND OUTREACH. OOLITE ARTS STRIVES TO BE A LEADER IN SOUTH FLORIDA AND INTERNATIONALLY IN THE CONTEMPORARY CULTURAL SCENE AS A CREATIVE LEARNING CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENCY:THIRTEEN VISUAL ARTISTS PER YEAR ARE AWARDED FREE WORK STUDIOS AT 924LINCOLN ROAD, AND BENEFIT FROM EXHIBITION AND TEACHING OPPORTUNITIES,OPEN STUDIO EVENTS, AND STUDIO VISITS WITH CURATORS. SOUTH FLORIDABASED ARTISTS ARE SELECTED FOR TRAVEL RESIDENCY OPPORTUNITIES ATATLANTIC CENTER FOR THE ARTS IN NEW SMYRNA BEACH, FLORIDA, MASS MOCA INNORTH ADAMS, MASSACHUSETTS, AND ARTPACE SAN ANTONIO IN TEXAS. THECINEMATIC ARTS RESIDENCY AWARDS TWO MIAMI-DADE FILMMAKERS PER YEAR $50,000 IN FUNDING TO CREATE A MICROBUDGET 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 400 IN PERSON AND VIRTUAL ART CLASSES AND WORKSHOPS FOR YOUTH AND ADULTS ARE TAUGHT BY 10 LOCAL ARTISTS. THE PRINTSHOP PROVIDES A FULLYFURNISHED 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 HAVE PROVIDED $3 MILLION IN FUNDS TO 240+ MIAMI VISUAL ARTISTS TO PRODUCE NEW WORK. IN ADDITION, ONE ARTIST RECEIVES A CAREER ACHIEVEMENT AWARD AND ONE ARTIST WORKING TOWARDS EQUITY AND INCLUSION THROUGH THEIR ART PRACTICE WILL RECEIVE THE SOCIAL JUSTICE AWARD.
EXHIBITION AND PUBLIC PROGRAMS:EXHIBITIONS AND PROGRAMS ARE ORGANIZED BY OOLITE STAFF AND VISITING CURATORS. OOLITE PRESENTS FOUR CURATED EXHIBITIONS PER YEAR AT ITS 924 LINCOLN ROAD SPACE, WHICH FEATURE ENGAGING NEW WORK BY RESIDENT ARTISTS AS WELL AS LOCAL AND NATIONALLY RECOGNIZED ARTISTS. EIGHT OFFSITE 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alessandro Ferretti Director | Trustee | 2 | $0 |
Marie Elena Angulo Vice Chair | Trustee | 4 | $0 |
Edouard Duval Carrie Director | Trustee | 1 | $0 |
Eric Rodriguez Chair | Trustee | 2 | $0 |
Germane Barnes Director | Trustee | 1 | $0 |
Kim Kovel Treasurer | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles H Benson & Assoc Architect | 9/29/23 | $536,668 |
Miller Construction Co General Contractor | 9/29/23 | $132,333 |
Amicon Management Llc Owner's Representative For New Building | 9/29/23 | $118,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,135 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $649,733 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $745,550 |
| Total Program Service Revenue | $104,159 |
| Investment income | $2,356,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,458 |
| Net Gain/Loss on Asset Sales | $97,566 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,458,201 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $626,250 |
| Grants and other assistance to domestic individuals. | $48,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $696,000 |
| Compensation of current officers, directors, key employees. | $508,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $675,139 |
| Pension plan accruals and contributions | $4,299 |
| Other employee benefits | $107,816 |
| Payroll taxes | $83,994 |
| 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 | $361,625 |
| Advertising and promotion | $28,132 |
| Office expenses | $74,823 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,376 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,037 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,246 |
| Insurance | $75,425 |
| All other expenses | $102,622 |
| Total functional expenses | $4,279,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $593,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,033 |
| 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 | $129,755 |
| Net Land, buildings, and equipment | $10,973,118 |
| Investments—publicly traded securities | $93,104,692 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,889 |
| Total assets | $104,830,712 |
| Accounts payable and accrued expenses | $379,863 |
| Grants payable | $0 |
| Deferred revenue | $545,700 |
| 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 | $353,284 |
| Total liabilities | $1,278,847 |
| Net assets without donor restrictions | $101,659,878 |
| Net assets with donor restrictions | $1,891,987 |
| 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 | $104,830,712 |
Grants Awarded
Over the last fiscal year, South Florida Art Center Inc has awarded $622,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LITTLE NAPOLEON PRODUCTIONS PURPOSE: FILM COMMISSION | $15,000 |
PINESSE LLC PURPOSE: FILM COMMISSION | $7,500 |
THE MIAMI FOUNDATION PURPOSE: GRANTS TO ARTISTS | $600,000 |