Sarasota Performing Arts Center Foundation Inc is located in Sarasota, FL. The organization was established in 1988. 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 06/2022, Sarasota Performing Arts Center Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarasota Performing Arts Center 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 06/2022, Sarasota Performing Arts Center Foundation Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $3.8m during the year ending 06/2022. While expenses have increased by 18.5% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE VAN WEZEL FOUNDATION'S MISSION IS TO CREATE AND SUSTAIN A VIBRANT PERFORMING ARTS CENTER, ADVANCE EDUCATION, AND ENRICH COMMUNITIES BY INSPIRING MINDS THROUGH THE POWER OF THE ARTS. THE FOUNDATION HAS PARTNERED WITH THE VAN WEZEL PERFORMING ARTS HALL SINCE 1987 TO SUPPORT ARTS EDUCATION THROUGHOUT OUR REGION, SERVING MORE THAN 50,000 STUDENTS AND THEIR FAMILIES ANNUALLY WITH ENRICHING ARTS-BASED EDUCATION OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT FOR MORE THAN 400 TEACHERS ACROSS FIVE COUNTIES. THE VAN WEZEL FOUNDATION IS LEADING THE VISION TO BUILD A NEW SARASOTA PERFORMING ARTS CENTER IN PARTNERSHIP WITH THE CITY, AND IN COLLABORATION WITH THE BAY PARK CONSERVANCY AND VAN WEZEL HALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION USES THE ARTS AND ARTS EDUCATION TO SUPPORT ACADEMIC SUCCESS AND SOCIAL, EMOTIONAL, MENTAL AND ECONOMIC WELL BEING IN THE COMMUNITY. THE FOUNDATION'S PROGRAMS REACH OVER 50,000 STUDENTS AND TRAIN HUNDREDS OF TEACHERS IN ARTISTIC AND ACADEMIC LITERACY AND CULTURAL RESPONSIVENESS ACROSS FIVE COUNTIES EACH YEAR. THE FOUNDATION PROVIDES FUNDING FOR TICKETS AND BUSING FOR OVER 30,000 STUDENTS TO ATTEND SCHOOLTIME PERFORMANCES EACH YEAR; FUNDING FOR TEACHERS TO SUPPLEMENT THE STUDENTS' EXPERIENCE IN THE CLASSROOM USING ARTS INTEGRATIVE LEARNING TECHNIQUES; FUNDING FOR MASTER CLASSES FOR TEACHERS; AND FUNDING FOR YOUTH, FAMILIES, SENIORS, MILITARY FAMILIES AND INDIVIDUALS TO SEE, EXPERIENCE AND PARTICIPATE IN LIVE SHOWS AND EVENTS.ON SEPTEMBER 6, 2018, THE SARASOTA CITY COMMISSION APPROVED THE BAYFRONT MASTER PLAN WITH A NEW PERFORMING ARTS CENTER AT THE HEART OF THE BAY PARK THAT WILL BECOME THE NEXUS OF PERFORMING ARTS IN OUR REGION FOR GENERATIONS TO COME. THE FOUNDATION AND THE CITY OF SARASOTA HAVE HAD A THRIVING CULTURAL PARTNERSHIP FOR OVER THREE DECADES. ON APRIL 4, 2022, THE FOUNDATION'S PARTNERSHIP ROLE EXPANDED WITH THE SARASOTA CITY COMMISSION APPROVED THE EXECUTION OF A PARTNERSHIP AGREEMENT FOR THE PLANNING, FINANCING, DESIGN, AND CONSTRUCTION OF THE NEW SARASOTA PERFORMING ARTS CENTER. TOGETHER, BOTH PARTIES HAVE LAID THE NECESSARY GROUNDWORK-SURVEYS, FEASIBILITY STUDIES, ENGINEERING STUDIES, AND COST ESTIMATES. THE NEW PERFORMING ARTS CENTER WILL BE MORE THAN A BUILDING. AS A FINANCIALLY ROBUS, YEAR-ROUND CIVIC ASSET, SARASOTA PERFORMING ARTS CENTER WILL ENHANCE SARASOTA'S REPUTATION AS A REGIONAL, NATIONAL, AND INTERNATIONAL CULTURAL DESTINATION. THE BUILDING PROGRAM IS COMMITTED TO ACCESSIBILITY AND UNIVERSAL DESIGN THAT CAN BE USED BY EVERYONE AND WILL INCLUDE A 2,200-SEAT MAIN STAGE INCLUDING CENTER AISLE(S), 300-SEAT FLEXIBLE PERFORMANCE SPACE, EDUCATION AND LIFE LONG LEARNING SPACES, MULTIPLE OUTDOOR PUBLIC PERFORMING SPACES, AND TECHNOLOGY THAT WILL ALLOW PERFORMANCES TO BE SIMULCAST INTO THE PARK.
ADDITIONALLY, THE FOUNDATION PROVIDES GRANTS TO THE VAN WEZEL PERFORMING ARTS HALL FOR EDUCATION PROGRAMS AND MAIN STAGE SPONSORSHIPS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gerald Biller Director | Trustee | 2 | $0 |
Chad Campbell Director | Trustee | 2 | $0 |
Mark Famiglio Director | Trustee | 2 | $0 |
Sharon Hillstrom Director | Trustee | 2 | $0 |
Michele Hooper Director | Trustee | 2 | $0 |
Dr Jaih Jackson Director | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Paratus Groupp Consulting | 6/29/22 | $330,500 |
Studio Gang Architecture & Urban Design | 6/29/22 | $226,320 |
Bascom Communications & Consulting Llc Strategic Communications/pr/public Affai | 6/29/22 | $129,318 |
Hbk Cpas & Consultants Financial Services | 6/29/22 | $108,838 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $808,822 |
Related organizations | $0 |
Government grants | $464,760 |
All other contributions, gifts, grants, and similar amounts not included above | $3,143,592 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,417,174 |
Total Program Service Revenue | $0 |
Investment income | $280,887 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $109,597 |
Net Income from Fundraising Events | -$365,317 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,442,648 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $709,554 |
Grants and other assistance to domestic individuals. | $8,500 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $599,413 |
Compensation of current officers, directors, key employees. | $101,900 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $752,086 |
Pension plan accruals and contributions | $18,181 |
Other employee benefits | $53,746 |
Payroll taxes | $85,463 |
Fees for services: Management | $0 |
Fees for services: Legal | $42,138 |
Fees for services: Accounting | $19,500 |
Fees for services: Lobbying | $62,429 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $49,484 |
Fees for services: Other | $787,968 |
Advertising and promotion | $114,859 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $34,986 |
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 | $12,338 |
Insurance | $10,714 |
All other expenses | $25,955 |
Total functional expenses | $3,805,384 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $34,625 |
Savings and temporary cash investments | $2,182,073 |
Pledges and grants receivable | $28,333 |
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 | $80,760 |
Net Land, buildings, and equipment | $60,587 |
Investments—publicly traded securities | $14,672,158 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $17,058,536 |
Accounts payable and accrued expenses | $421,571 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Total liabilities | $421,571 |
Net assets without donor restrictions | $14,397,932 |
Net assets with donor restrictions | $2,239,033 |
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 | $17,058,536 |
Over the last fiscal year, Sarasota Performing Arts Center Foundation Inc has awarded $709,554 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
VAN WEZEL PERFORMING ARTS HALL CITY OF SARASOTA PURPOSE: DIRECT SUPPORT TO VAN WEZEL PERFORMING ARTS HALL, INCLUDING COMMUNITY EDUCATION/OUTREACH, SPECIAL PROGRAMS, BEAUTIFICATION AND UNIQUE EQUIPMENT NEEDS. | $539,056 |
VAN WEZEL PERFORMING ARTS HALL CITY OF SARASOTA PURPOSE: PASSTHROUGH GRANTS | $170,498 |