Sarasota Concert Association Inc
- Assets
- $1.9m
- Revenue
- $406.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Sarasota, FL
- Founding
- 08/1987
- Data as of
- 03/2022
- 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 03/2022, Sarasota Concert Association Inc employed 3 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 03/2022, Sarasota Concert Association Inc generated $406.7k 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 (3.5%) each year. All expenses for the organization totaled $476.5k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. 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 PRESENT INTERNATIONALLY RENOWNED 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
FEATURED THREE ONLINE VIRTUAL PERFORMANCES IN EARLY 2021, FEATURING INTERNATIONALLY RENOWNED PIANISTS GARRICK OHLSSON AND KIRILL GERSTEIN IN A DUO PIANO RECITAL, A PERFORMANCE OF THE ACADEMY OF ST MARTIN IN THE FIELDS CHAMBER ORCHESTRA, AND LOCAL MUSICIANS PERCUSSIONIST GEORGE NICKSON AND VIOLINIST SAMANTHA BENNETT. ALL THREE VIRTUAL PERFORMANCES WERE OFFERED FOR FREE AND INCLUDED AN ONLINE ZOOM CONVERSATION WITH THE ARTISTS, HOSTED BY SARASOTA CONCERT ASSOCIATION. OVER 600 PEOPLE REGISTERED FOR EACH OF THE THREE VIRTUAL CONCERTS. ALSO PRESENTED TWO SOLD-OUT CONCERTS OUTDOORS IN APRIL 2021, AT SELBY BOTANICAL GARDENS. TICKETS WERE 40 EACH AND THERE WAS LIMITED, SOCIALLY-DISTANCED SEATING. THE CONCERTS FEATURED A JAZZ ENSEMBLE, AND A PERCUSSION ENSEMBLE.
FEATURED THREE ONLINE VIRTUAL PERFORMANCES IN EARLY 2021, FEATURING INTERNATIONALLY RENOWNED PIANISTS GARRICK OHLSSON AND KIRILL GERSTEIN IN A DUO PIANO RECITAL, A PERFORMANCE OF THE ACADEMY OF ST MARTIN IN THE FIELDS CHAMBER ORCHESTRA, AND LOCAL MUSICIANS PERCUSSIONIST GEORGE NICKSON AND VIOLINIST SAMANTHA BENNETT. ALL THREE VIRTUAL PERFORMANCES WERE OFFERED FOR FREE AND INCLUDED AN ONLINE ZOOM CONVERSATION WITH THE ARTISTS, HOSTED BY SARASOTA CONCERT ASSOCIATION. OVER 600 PEOPLE REGISTERED FOR EACH OF THE THREE VIRTUAL CONCERTS. ALSO PRESENTED TWO SOLD-OUT CONCERTS OUTDOORS IN APRIL 2021, AT SELBY BOTANICAL GARDENS. TICKETS WERE 40 EACH AND THERE WAS LIMITED, SOCIALLY-DISTANCED SEATING. THE CONCERTS FEATURED A JAZZ ENSEMBLE, AND A PERCUSSION ENSEMBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Berenson 2nd Vice Pre | OfficerTrustee | 1 | $0 |
Joy Mcintyre Past Preside | OfficerTrustee | 1 | $0 |
Robert Dove Treasurer | OfficerTrustee | 1 | $0 |
Arthur Siciliano 1st Vice Pre | OfficerTrustee | 1 | $0 |
Dr Dale Anderson President | OfficerTrustee | 1 | $0 |
Mara Winn Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,773 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,604 |
| Total Program Service Revenue | $190,454 |
| Investment income | $389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,663 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,161 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,949 |
| Payroll taxes | $9,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,298 |
| Advertising and promotion | $55,678 |
| Office expenses | $14,488 |
| 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 | $6,424 |
| All other expenses | $11,300 |
| Total functional expenses | $476,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,120 |
| Savings and temporary cash investments | $54,803 |
| 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 | $2,711 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,657,283 |
| Total assets | $1,910,917 |
| Accounts payable and accrued expenses | $39,649 |
| 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 | $9,176 |
| Total liabilities | $48,825 |
| Net assets without donor restrictions | $1,812,092 |
| 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 | $1,910,917 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sarasota Concert Association Inc has recieved totaling $27,336.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $27,336 |
Endowment Analysis
| Beg. Balance | $1,559,236 |
| Earnings | $103,198 |
| Admin Expense | $2,624 |
| Grants | $2,727 |
| Ending Balance | $1,657,083 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunfest Of Palm Beach County Inc West Palm Beach, FL | $4,618,785 | $9,247,080 |
Red Mountain Theatre Company Inc Birmingham, AL | $35,964,987 | $9,815,041 |
Womans Exchange Inc Of Sarasota Sarasota, FL | $4,624,153 | $4,393,353 |
Westcoast Black Theatre Troupe Of Florida Inc Sarasota, FL | $12,672,008 | $4,333,554 |
Center For Puppetry Arts Inc Atlanta, GA | $20,916,247 | $3,804,159 |
City Springs Theatre Company Sandy Springs, GA | $2,774,850 | $2,619,384 |
Barrier Island Group For The Arts Sanibel, FL | $11,337,341 | $3,470,715 |
Savannah Music Festival Inc Savannah, GA | $2,910,137 | $2,078,517 |
Milagro Foundation Inc Delray Beach, FL | $1,748,813 | $1,736,017 |
Atlanta Music Project Inc Atlanta, GA | $5,585,624 | $4,188,962 |
International Fringe Festival Of Central Florida Inc Orlando, FL | $864,625 | $1,737,536 |
Friends Of The Lyric Inc Stuart, FL | $6,039,276 | $2,400,664 |