Arts Center Association Inc

Organization Overview

Arts Center Association Inc, operating under the name Morean Arts Center, is located in St Petersburg, FL. The organization was established in 1966. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Morean Arts Center employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morean Arts Center 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 06/2023, Morean Arts Center generated $3.0m 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 (6.6%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO CONNECT PEOPLE WITH ART THROUGH INNOVATIVE, COMMUNITY-ORIENTED ART AND ART EDUCATION AND TO CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF THE REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ARTS CENTER OFFERS ART CLASSES, WORKSHOPS AND EXHIBITS TO FOSTER APPRECIATION OF THE ARTS, AND TO ASSIST DEVELOPING ARTISTS.


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Board, Officers & Key Employees

Name (title)Compensation
Timothy M Mann
Chair
$0
Richard Seidel
Vice Chair
$0
Sean Goodrich
Treasurer
$0
Martie Fagan
Secretary
$0
Sue Castleman
Trustee
$0
Sarah Ellison
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Chihuly Inc
Inventory
$127,820
The Arc Group Inc
Rent
$281,850
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$32,395
Related organizations$0
Government grants $178,222
All other contributions, gifts, grants, and similar amounts not included above$349,097
Noncash contributions included in lines 1a–1f $4,390
Total Revenue from Contributions, Gifts, Grants & Similar$559,714
Total Program Service Revenue$1,921,995
Investment income $55,572
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$30,689
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$13,857
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $500,756
Miscellaneous Revenue$0
Total Revenue $3,020,243

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