The Florida Theatre Performing Arts
- Assets
- $15.3m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 198
- Location
- Jacksonville, FL
- Founding
- 04/1988
- Data as of
- 09/2022
- EIN
- 59-2850579
Organization Overview
The Florida Theatre Performing Arts is located in Jacksonville, FL. The organization was established in 1988. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Florida Theatre Performing Arts employed 198 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Theatre Performing Arts 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, Florida Theatre Performing Arts generated $13.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $10.6m during the year ending 09/2022. While expenses have increased by 5.9% per year over the past 7 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
TO ENHANCE THE NORTH FLORIDA COMMUNITY'S QUALITY OF LIFE BY PROVIDING DIVERSE AND MEMORABLE ARTS AND ENTERTAINMENT EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL 2022 YEAR, THE FLORIDA THEATRE PERFORMING ARTS CENTER, INC. SUCCESSFULLY MANAGED ANOTHER YEAR OF OPERATION OF THE FLORIDA THEATRE, A 1,865 SEAT CIRCA 1927 HISTORIC THEATRE LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES. LOCATED IN DOWNTOWN JACKSONVILLE, THE FLORIDA THEATRE ITSELF PROMOTED OR CO-PROMOTED 136 "MAINSTAGE" PROGRAMS OF MUSIC, DANCE, THEATRE AND FILM; HOSTED ANOTHER 21 PROGRAMS BY THEATRE RENTERS; PRESENTED 11 ARTS EDUCATION PERFORMANCES AT THE THEATRE, AND TOOK 30 ARTS EDUCATION PERFORMANCES DIRECTLY TO SCHOOLS. 38% OF THE THEATRE RENTAL EVENTS WERE PRESENTED BY OTHER NONPROFIT ARTS ORGANIZATIONS AND CHARITABLE ORGANIZATIONS USING THE THEATRE AT A SUBSIDIZED RATE. TOTAL ATTENDANCE AT ALL PERFORMANCES AND EVENTS WAS 159,225 PEOPLE. THE ECONOMIC IMPACT OF THE FLORIDA THEATRE'S ACTIVITY THIS YEAR WAS 16 MILLION, SUPPORTING 12 MILLION OF HOUSEHOLD INCOME, THE FULL TIME EQUIVALENT OF 491 JOBS, AND 1.6 MILLION OF STATE AND LOCAL TAX AND FEE INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Numa Saisselin President | OfficerTrustee | 40 | $301,854 |
Kevin Stone Director Of | 40 | $187,459 | |
P C Bryant 2nd Vice Cha | OfficerTrustee | 1 | $0 |
Don Cameron 1st Vice Cha | OfficerTrustee | 1 | $0 |
Dr Leslie Gordon Chairperson | OfficerTrustee | 1 | $0 |
Dr Lorraine Rodriguez Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Irwing Seating Company New Theatre Seats | 9/29/20 | $754,459 |
Aeg Presents Llc Concert Copromotion | 9/29/20 | $601,822 |
Live Nation Worldwide Inc Concert Copromotion | 9/29/20 | $187,912 |
Outback Presents Llc Concert Copromotion | 9/29/20 | $130,653 |
Florida Blue Health Insurance | 9/29/20 | $150,610 |
Aeg Presents Llc Concert Copromotion | 9/29/20 | $601,822 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,325,813 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,537,832 |
| Noncash contributions included in lines 1a–1f | $123,670 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,863,645 |
| Total Program Service Revenue | $9,090,825 |
| Investment income | $8,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $165,467 |
| Net Gain/Loss on Asset Sales | -$294,010 |
| Net Income from Fundraising Events | $123,234 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,957,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $301,854 |
| Compensation of current officers, directors, key employees. | $90,555 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,096,099 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $389,030 |
| Payroll taxes | $179,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,941 |
| Advertising and promotion | $749,503 |
| Office expenses | $450,425 |
| Information technology | $123,719 |
| Royalties | $0 |
| Occupancy | $488,948 |
| Travel | $228,915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,653 |
| Interest | $109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,613 |
| Insurance | $66,483 |
| All other expenses | $0 |
| Total functional expenses | $10,649,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,840,251 |
| Savings and temporary cash investments | $4,397,391 |
| Pledges and grants receivable | $338,320 |
| Accounts receivable, net | $15,120 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,510 |
| Prepaid expenses and deferred charges | $211,067 |
| Net Land, buildings, and equipment | $4,977,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,504,344 |
| Total assets | $15,331,113 |
| Accounts payable and accrued expenses | $833,394 |
| Grants payable | $0 |
| Deferred revenue | $2,367,900 |
| 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 | $3,201,294 |
| Net assets without donor restrictions | $10,103,608 |
| Net assets with donor restrictions | $2,026,211 |
| 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 | $15,331,113 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Florida Theatre Performing Arts has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
National Grange Mutual Charitable Foundation Keene, NH PURPOSE: UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $1,447,376 |
| Earnings | -$294,011 |
| Admin Expense | $48,306 |
| Net Contributions | $803 |
| Ending Balance | $1,105,862 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raymond F Kravis Center For The Performing Arts Inc West Palm Beach, FL | $194,889,253 | $42,975,938 |
Artis-Naples Inc Naples, FL | $210,241,611 | $50,262,823 |
Ruth Eckerd Hall Inc Clearwater, FL | $58,649,898 | $27,197,367 |
Tampa Bay Performing Arts Center Tampa, FL | $46,297,228 | $24,294,667 |
The Florida Theatre Performing Arts Jacksonville, FL | $15,331,113 | $12,957,631 |
Maxwell C King Center For The Performing Arts Inc Cocoa, FL | $10,137,230 | $8,368,626 |
Rivercenter Inc Columbus, GA | $5,489,865 | $4,501,265 |
Maltz Jupiter Theatre Inc Jupiter, FL | $40,833,845 | $12,006,025 |
Opera Orlando Inc Orlando, FL | $507,305 | $2,036,240 |
Emerald Coast Theatre Company Miramar Beach, FL | $848,624 | $1,713,398 |
Zoetic Stage Inc Miami, FL | $319,976 | $861,527 |
Princess Theatre Center For The Performing Arts Decatur, AL | $709,862 | $747,473 |