Broward Performing Arts Foundation Inc is located in Fort Lauderdale, FL. The organization was established in 1986. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Broward Performing Arts Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broward Performing Arts Foundation 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 09/2022, Broward Performing Arts Foundation Inc generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $5.3m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Broward Performing Arts Foundation Inc has awarded 29 individual grants totaling $21,226,033. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BROWARD PERFORMING ARTS FOUNDATION SUPPORTED A WIDE VARIETY OF HIGH- QUALITY ARTISTIC AND CULTURAL PROGRAMMING, INCLUDING CONCERTS, THEATER, DANCE, COMEDY AND MORE, AT THE BROWARD CENTER FOR THE PERFORMING ARTS AND THE PARKER. MORE THAN JUST PERFORMANCES, THE FOUNDATION HAD A FAR-REACHING IMPACT ON THE COMMUNITY THROUGH ITS SUPPORT OF THE CENTER'S EDUCATIONAL PROGRAMS THAT SERVED MORE THAN 100,000 STUDENTS AND OUTREACH ACTIVITIES THAT AIMED TO MAKE THE ARTS MORE ACCESSIBLE FOR SOUTH FLORIDA'S DIVERSE AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BROWARD PERFORMING ARTS FOUNDATION SUPPORTS HIGH-QUALITY ARTISTIC AND CULTURAL PROGRAMMING, INCLUDING MUSICAL PERFORMANCES SPANNING A WIDE RANGE OF GENRES, THEATER, DANCE, COMEDY AND MORE, AT THE BROWARD CENTER FOR THE PERFORMING ARTS AND ITS AFFILIATED VENUES, THE PARKER, ROSE AND ALFRED MINIACI PERFORMING ARTS CENTER AND AVENTURA ARTS AND CULTURAL CENTER. IN ADDITION TO SUPPORTING PROGRAMMING, THE FOUNDATION RAISES CAPITAL FUNDS TO SUSTAIN THE VENUES AND RECENTLY COMPLETED TWO CAPITAL CAMPAIGNS: THE 60-MILLION ENCORE CAPITAL CAMPAIGN TO EXPAND, RENOVATE AND REVITALIZE THE BROWARD CENTER AND THE 30-MILLION CAMPAIGN FOR THE PARKER TO RESTORE PARKER PLAYHOUSE. THE FOUNDATION ALSO MAINTAINS AN ENDOWMENT FUND DESIGNED TO PROVIDE A RELIABLE SOURCE OF INCOME IN PERPETUITY TO SUPPORT MISSION-DRIVEN ACTIVITIES. THE BROWARD PERFORMING ARTS FOUNDATION SUPPORTS A WIDE VARIETY OF EDUCATIONAL PROGRAMMING AT THE BROWARD CENTER, WHICH CONSTITUTES THE LARGEST FREE ARTS-IN-EDUCATION PROGRAM IN THE COUNTRY AND HAS SERVED MORE THAN 3.5 MILLION STUDENTS TO DATE. THROUGH THE STUDENT ENRICHMENT THROUGH THE ARTS (SEAS) PROGRAM, MORE THAN 100,000 PUBLIC SCHOOL STUDENTS EACH YEAR ATTEND EDUCATIONAL AND CULTURAL PERFORMANCES AT THE BROWARD CENTER AND ITS AFFILIATED VENUES FREE OF CHARGE AND PARTICIPATE IN CORRESPONDING CURRICULUM-BASED ACTIVITIES THAT HELP EXTEND THE LEARNING EXPERIENCE BEYOND THE THEATER SEATS. THE READING READINESS THROUGH THE THEATER PROGRAM BRINGS MORE THAN 3,000 AT-RISK PRE-K STUDENTS AND THEIR PARENTS EACH YEAR TO SEE LIVE LITERATURE-BASED PERFORMANCES TOGETHER AT BROWARD CENTER VENUES. A LEADER IN ARTS ACCESSIBILITY, THE CENTER HAS ALSO BEEN RECOGNIZED FOR THE IMPACT OF ITS "SENSORY-INCLUSIVE" THEATRICAL PERFORMANCES AIMED AT INCREASING ACCESS TO AND ENGAGEMENT WITH THE ARTS FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. IN FISCAL YEAR 2022, THE CENTER ALSO TURNED ITS ATTENTION TO HOW THE ARTS CAN HELP ADDRESS ISSUES OF RACIAL EQUITY BY LAUNCHING ARTS FOR ACTION: BLACK VOICES, AN ONGOING SERIES OF PERFORMANCES AND EVENTS THAT AIM TO ELEVATE BLACK ARTISTS AND BRING DIVERSE SEGMENTS OF THE COMMUNITY TOGETHER FOR SOCIAL CHANGE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lisa Kitei President | Officer | 40 | $242,595 |
Judith Carney Dir. Of Deve | 40 | $118,437 | |
Sen George S Lemieux Vice Chair | OfficerTrustee | 1 | $0 |
Richard B Welch Chair | OfficerTrustee | 1 | $0 |
Dev Motwani Secretary | OfficerTrustee | 1 | $0 |
Ann Burris Treasurer | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,026,953 |
Fundraising events | $457,058 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $4,300,495 |
Noncash contributions included in lines 1a–1f | $874,678 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,784,506 |
Total Program Service Revenue | $0 |
Investment income | $669,044 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$158,181 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,295,369 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,639,940 |
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. | $251,623 |
Compensation of current officers, directors, key employees. | $50,325 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $546,457 |
Pension plan accruals and contributions | $42,740 |
Other employee benefits | $93,964 |
Payroll taxes | $15,722 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $19,125 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $68,793 |
Total functional expenses | $5,290,922 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,945,007 |
Pledges and grants receivable | $8,188,341 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $12,134,277 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $22,267,625 |
Accounts payable and accrued expenses | $340,573 |
Grants payable | $0 |
Deferred revenue | $456,956 |
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 | $5,613,646 |
Total liabilities | $6,411,175 |
Net assets without donor restrictions | $1,581,154 |
Net assets with donor restrictions | $14,275,296 |
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 | $22,267,625 |
Over the last fiscal year, Broward Performing Arts Foundation Inc has awarded $3,639,940 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
Ft Lauderdale, FL PURPOSE: GENERAL SUPPORT | $3,448,408 |
Ft Lauderdale, FL PURPOSE: EDUCATION | $147,659 |
Ft Lauderdale, FL PURPOSE: PROGRAMMING | $21,854 |
Ft Lauderdale, FL PURPOSE: GARDENS CARE & MAINT | $15,237 |
Ft Lauderdale, FL PURPOSE: THEATER MAINT/IMPROV | $6,782 |
Over the last fiscal year, we have identified 2 grants that Broward Performing Arts Foundation Inc has recieved totaling $5,000.
Awarding Organization | Amount |
---|---|
Stark Family Foundation Inc Plantation, FL PURPOSE: FURTHERANCE OF THE ARTS | $2,500 |
Hull Family Foundation Fort Lauderdale, FL PURPOSE: TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $2,500 |
Beg. Balance | $15,101,225 |
Earnings | -$2,716,048 |
Net Contributions | $285,000 |
Other Expense | -$536,000 |
Ending Balance | $12,134,177 |
Organization Name | Assets | Revenue |
---|---|---|
Dr Phillips Center For The Performing Arts Inc Orlando, FL | $72,410,407 | $23,068,254 |
Broward Performing Arts Foundation Inc Fort Lauderdale, FL | $22,267,625 | $6,295,369 |
Alabama Educational Television Foundation Authority Birmingham, AL | $11,749,441 | $5,899,982 |
Udt-Seal Museum Association Inc Fort Pierce, FL | $11,703,499 | $4,225,376 |
Tampa Bay Performing Arts Center Foundation Inc Tampa, FL | $58,693,450 | $5,079,168 |
Bellingrath Gardens And Home Foundation Inc Theodore, AL | $4,998,208 | $3,680,917 |
Sarasota Performing Arts Center Foundation Inc Sarasota, FL | $17,775,293 | $3,231,495 |
The Callanwolde Foundation Inc Atlanta, GA | $3,540,357 | $1,973,152 |
Birmingham Negro Southern League Museum Foundation Birmingham, AL | $525,950 | $1,055,962 |
John & Mable Ringling Museum Of Art Foundation Sarasota, FL | $7,269,339 | $1,949,232 |
Liberty Regional Medical Center Inc Hinesville, GA | $65,773 | $1,307,530 |
Friends Of The Uffizi Gallery Inc Palm Beach, FL | $431,458 | $549,429 |