Melbourne Art Festival Inc
- Assets
- $75.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Melbourne, FL
- Founding
- 05/1991
- Data as of
- 09/2021
- EIN
- 59-2525180
Organization Overview
Melbourne Art Festival Inc is located in Melbourne, FL. The organization was established in 1991. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Melbourne Art Festival 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, Melbourne Art Festival Inc generated $126.6k 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 (8.6%) each year. All expenses for the organization totaled $184.3k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MELBOURNE ART FESTIVAL IS (A) TO ORGANIZE, PROMOTE, AND ENCOURAGE ARTISTIC ENDEAVORS, EDUCATION, AND APPRECIATION; (B) TO ADVOCATE AND SUPPORT THE IMPROVEMENT AND BETTERMENT OF THE QUALITY OF LIFE IN OUR COMMUNITY; AND (C) TO SPONSOR AN ANNUAL ART FESTIVAL IN FURTHERANCE OF BOTH THESE IDEALS.
Describe the Organization's Program Activity:
Part 3
THE 35TH ANNUAL MELBOURNE ARTS FESTIVAL WAS HELD APRIL 27-28, 2019 AND INCLUDED AN EXHIBITION OF FINE ART BY 250 JURIED ARTISTS, A STUDENT ART COMPETITION, FREE ART WORKSHOPS, ONGOING MUSICAL ENTERTAINMENT, A 5K RACE, AND HANDS-ON ARTS AND CRAFTS AREA FOR CHILDREN.
THE MELBOURNE ART FESTIVAL OFFERS SCHOLARSHIPS TO BREVARD COUNTY STUDENTS IN GRADES 7 THROUGH 12 TO ATTEND CLASSES, WORKSHOPS, AND CAMPS (OUTSIDE OF SCHOOL) TO ENHANCE THEIR VISUAL ARTS SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johana Gant President | 4 | $0 | |
Linda Castelli Vice Preside | 4 | $0 | |
Gregory Bell Treasurer | 4 | $0 | |
Elise Vaughn Vice Preside | 4 | $0 | |
Martha Case Secretary | 4 | $0 | |
Cathleen Bird Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,851 |
| Total Program Service Revenue | $70,699 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $126,554 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,150 |
| Occupancy, rent, utilities, and maintenance | $2,712 |
| Printing, publications, postage, and shipping | $876 |
| Other expenses | $178,558 |
| Total expenses | $184,296 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,548 |
| Other assets | $0 |
| Total assets | $75,548 |
| Total liabilities | $9,637 |
| Net assets or fund balances | $65,911 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Melbourne Art Festival Inc has recieved totaling $7,745.
| Awarding Organization | Amount |
|---|---|
Brevard Cultural Alliance Inc Merritt Island, FL PURPOSE: COMMUNITY SUPPORT | $7,745 |
Peer Organizations
| 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 |