Sarasota Concert Association Inc
- Assets
- $2.0m
- Revenue
- $720.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Sarasota, FL
- Founding
- 08/1987
- Data as of
- 03/2024
- EIN
- 59-2850861
Organization Overview
Sarasota Concert Association Inc is located in Sarasota, FL. The organization was established in 1987. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2024, Sarasota Concert Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarasota Concert Association 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 03/2024, Sarasota Concert Association Inc generated $720.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $757.4k during the year ending 03/2024. While expenses have increased by 4.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT INTERNATIONALLY RENOWED ORCHESTRAS, CHAMBER ENSEMBLES AND SOLO ARTISTS TO THE GREATER SARASOTA COMMUNITY, AND TO SHOWCASE OUTSTANDING REGIONAL MUSICIANS IN A SERIES OF FREE PUBLIC CONCERTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SARASOTA CONCERT ASSOCIATION PRESENTED ITS 5-CONCERT GREAT PERFORMERS SERIES, FEATURING WORLD-RENOWNED ORCHESTRAS, EXCEPTIONAL CHAMBER MUSICIANS AND ACCLAIMED SOLOISTS. THE 2024 SERIES INCLUDED THE DETROIT SYMPHONY, THE SOFIA PHILHARMONIC OF BULGARIA, THE HARLEM QUARTET, THE ROTTERDAM PHILHARMONIC, AND PIANIST BRUCE LIU. PERFORMANCES TOOK PLACE IN SARASOTA'S VAN WEZEL PERFORMING ARTS HALL AND THE RIVERVIEW PERFORMING ARTS CENTER. TICKET PRICES WERE 30 AND UP.
SPECIAL EVENT CONCERTS MAKE IT POSSIBLE FOR US TO BROADEN AND ATTRACT NEW AUDIENCES, EARN ADDITIONAL REVENUE, AND PRESENT CONCERTS IN DIFFERENT VENUES AND COMMUNITIES. THE 2024 SPECIAL EVENT PERFORMANCE FEATURED THE RENOWNED CANADIAN BRASS IN A SPECIAL HOLIDAY CONCERT IN THE SARASOTA OPERA HOUSE.
MUSIC MATINEES ARE FREE CONCERTS FEATURING EXCEPTIONAL REGIONAL MUSICIANS. THIS DAYTIME SERIES MAKES IT POSSIBLE FOR US TO SERVE THE COMMUNITY BY PROVIDING EXCELLENT, INFORMAL PERFORMANCES FOR FREE. FEATURED ARTISTS VARY FROM SOLO PIANISTS, TO CHAMBER MUSICIANS, OPERA SINGERS, AND FOLK MUSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Dale Anderson President | OfficerTrustee | 10 | $0 |
Ted Beilman Treasurer | OfficerTrustee | 10 | $0 |
Gail Berenson 2nd Vice Pre | OfficerTrustee | 10 | $0 |
Robert Dove Director | Trustee | 10 | $0 |
Bruce Ensinger Director | Trustee | 10 | $0 |
Eric Faerber Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,157 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,984 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,141 |
| Total Program Service Revenue | $396,655 |
| Investment income | $23,993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,932 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $720,622 |
| 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. | $156,437 |
| Compensation of current officers, directors, key employees. | $62,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,009 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $97,137 |
| Office expenses | $49,820 |
| 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 | $8,626 |
| All other expenses | $5,046 |
| Total functional expenses | $757,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,458 |
| Savings and temporary cash investments | $258,097 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,639,929 |
| Total assets | $1,974,484 |
| Accounts payable and accrued expenses | $15,332 |
| 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 | $15,332 |
| Net assets without donor restrictions | $1,909,152 |
| Net assets with donor restrictions | $50,000 |
| 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 | $1,974,484 |