Broward Performing Arts Foundation Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Lisa Kitei
President
$242,595
Judith Carney
Dir. Of Deve
$118,437
Sen George S Lemieux
Vice Chair
$0
Richard B Welch
Chair
$0
Dev Motwani
Secretary
$0
Ann Burris
Treasurer
$0

Financial Statements

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

Grants Awarded

Over the last fiscal year, Broward Performing Arts Foundation Inc has awarded $3,639,940 in support to 5 organizations.

Grant RecipientAmount

PERFORMING ARTS CENTER AUTHORITY

Org PageRecipient Profile

Ft Lauderdale, FL

PURPOSE: GENERAL SUPPORT

$3,448,408

PERFORMING ARTS CENTER AUTHORITY

Org PageRecipient Profile

Ft Lauderdale, FL

PURPOSE: EDUCATION

$147,659

PERFORMING ARTS CENTER AUTHORITY

Org PageRecipient Profile

Ft Lauderdale, FL

PURPOSE: PROGRAMMING

$21,854

PERFORMING ARTS CENTER AUTHORITY

Org PageRecipient Profile

Ft Lauderdale, FL

PURPOSE: GARDENS CARE & MAINT

$15,237

PERFORMING ARTS CENTER AUTHORITY

Org PageRecipient Profile

Ft Lauderdale, FL

PURPOSE: THEATER MAINT/IMPROV

$6,782
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Broward Performing Arts Foundation Inc has recieved totaling $5,000.

Awarding OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$15,101,225
Earnings-$2,716,048
Net Contributions$285,000
Other Expense-$536,000
Ending Balance$12,134,177

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