Portrait Society Of America Inc
- Assets
- $564.6k
- Revenue
- $591.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Tallahassee, FL
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 59-3515141
Organization Overview
Portrait Society Of America Inc is located in Tallahassee, FL. The organization was established in 1999. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Portrait Society Of America Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portrait Society Of America 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 12/2021, Portrait Society Of America Inc generated $591.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $587.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND ENHANCE AN UNDERSTANDING OF THE PRACTICE, TECHNIQUES AND APPLICATIONS OF TRADITIONAL FINE ART PORTRAITURE.
Describe the Organization's Program Activity:
TO PROMOTE AN UNDERSTANDING AND APPRECIATION OF TRADITIONAL FINE ART PORTRAITURE THROUGH EDUCATION AND PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Egnoski Jonas Executive Di | Officer | 40 | $85,250 |
Kimberly Azzarito Assistant Di | Officer | 40 | $63,650 |
Michael Shane Neal Chairman | OfficerTrustee | 1 | $0 |
Mary Whyte Director | OfficerTrustee | 1 | $0 |
Dawn Whitelaw Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $195,188 |
| Fundraising events | $23,610 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,045 |
| Noncash contributions included in lines 1a–1f | $23,610 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,843 |
| Total Program Service Revenue | $266,606 |
| Investment income | $434 |
| 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 | $591,123 |
| 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. | $147,705 |
| Compensation of current officers, directors, key employees. | $36,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,944 |
| Pension plan accruals and contributions | $6,297 |
| Other employee benefits | $26,337 |
| Payroll taxes | $17,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,089 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,900 |
| Advertising and promotion | $7,608 |
| Office expenses | $133,915 |
| Information technology | $792 |
| Royalties | $0 |
| Occupancy | $9,580 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,218 |
| Interest | $4,203 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,289 |
| Insurance | $3,349 |
| All other expenses | $0 |
| Total functional expenses | $586,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,162 |
| Savings and temporary cash investments | $231,170 |
| 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 | $178,151 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,113 |
| Total assets | $564,596 |
| Accounts payable and accrued expenses | $15 |
| 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 | $73,789 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $60,070 |
| Total liabilities | $133,874 |
| Net assets without donor restrictions | $430,722 |
| Net assets with donor restrictions | $0 |
| 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 | $564,596 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Portrait Society Of America Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Professional Photographers Of America Inc Atlanta, GA | $48,960,545 | $12,325,076 |
Georgia Association Of Manufacturers Inc Atlanta, GA | $2,700,140 | $2,292,406 |
Two Red Roses Foundation Inc St Petersburg, FL | $81,826,203 | $5,214,247 |
The Armory Art Center Inc West Palm Beach, FL | $4,340,445 | $2,084,067 |
Forward Arts Foundation Inc Atlanta, GA | $5,240,641 | $1,648,904 |
Lighthouse Artcenter Inc Tequesta, FL | $3,825,019 | $2,482,262 |
Robert Craft Igor Stravinsky Foundation boca raton, FL | $11,119,320 | $752,022 |
The Studios Of Key West Inc Key West, FL | $13,984,404 | $3,906,460 |
Palm Beach Photographic Centre Inc West Palm Beach, FL | $1,110,051 | $866,676 |
Bakehouse Art Complex Inc Miami, FL | $1,346,627 | $1,198,887 |
Ann Norton Sculpture Gardens Inc West Palm Beach, FL | $4,892,273 | $1,857,308 |
National Press Photographers Association Inc Athens, GA | $607,292 | $735,008 |