Melbourne Art Festival Inc
- Assets
- $44.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Melbourne, FL
- Founding
- 05/1991
- Data as of
- 09/2023
- 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 09/2023, Melbourne Art Festival Inc generated $145.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $169.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 8 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
2023
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 |
|---|---|---|---|
Elise Vaughn President | 4 | $0 | |
Linda Castelli Vice Preside | 4 | $0 | |
Gregory Bell Treasurer | 4 | $0 | |
Martha Case Asst. Treasu | 4 | $0 | |
Patricia Leclair Secretary | 4 | $0 | |
Cathleen Bird Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,246 |
| Total Program Service Revenue | $107,482 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $145,733 |
| 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 | $2,318 |
| Occupancy, rent, utilities, and maintenance | $5,815 |
| Printing, publications, postage, and shipping | $493 |
| Other expenses | $160,526 |
| Total expenses | $169,152 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,212 |
| Other assets | $0 |
| Total assets | $44,212 |
| Total liabilities | $0 |
| Net assets or fund balances | $44,212 |