Arts Center Association Inc
- Assets
- $13.5m
- Revenue
- $4.3m
- Investments
- $25.7k
- Employees
- 32
- Location
- St Petersburg, FL
- Founding
- 01/1966
- Data as of
- 06/2022
- EIN
- 59-6163303
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 06/2022, Morean Arts Center employed 32 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 06/2022, Morean Arts Center generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) 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 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) | Role | Hours | Compensation |
|---|---|---|---|
Howayda Affan Executive Di | Officer | 40 | $105,987 |
Roger Ross CFO | Officer | 40 | $62,377 |
Richard Seidel Vice Chair | OfficerTrustee | 4 | $0 |
Timothy M Mann Chair | OfficerTrustee | 4 | $0 |
Sean Goodrich Treasurer | OfficerTrustee | 4 | $0 |
Martie Fagan Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Arc Group Inc Rent | 6/29/22 | $255,348 |
Chihuly Inc Inventory | 6/29/22 | $224,471 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,000 |
| Related organizations | $0 |
| Government grants | $1,597,173 |
| All other contributions, gifts, grants, and similar amounts not included above | $283,424 |
| Noncash contributions included in lines 1a–1f | $19,326 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,902,597 |
| Total Program Service Revenue | $1,876,069 |
| Investment income | $11,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$34,542 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,580 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $558,018 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,345,570 |
| 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. | $168,364 |
| Compensation of current officers, directors, key employees. | $40,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $510,487 |
| Pension plan accruals and contributions | $16,387 |
| Other employee benefits | $61,064 |
| Payroll taxes | $60,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,427 |
| Fees for services: Accounting | $28,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,629 |
| Advertising and promotion | $16,732 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $321,374 |
| Travel | $14,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,626 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $287,188 |
| Insurance | $69,668 |
| All other expenses | $86,699 |
| Total functional expenses | $2,428,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,171 |
| Savings and temporary cash investments | $1,550,728 |
| Pledges and grants receivable | $14,100 |
| Accounts receivable, net | $6,611 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $90,404 |
| Prepaid expenses and deferred charges | $73,300 |
| Net Land, buildings, and equipment | $7,107,174 |
| Investments—publicly traded securities | $178,950 |
| Investments—other securities | $25,714 |
| Investments—program-related | $0 |
| Intangible assets | $13,572 |
| Other assets | $4,439,013 |
| Total assets | $13,513,737 |
| Accounts payable and accrued expenses | $312,273 |
| Grants payable | $0 |
| Deferred revenue | $348,129 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $181,000 |
| Secured mortgages and notes payable | $157,661 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $98,933 |
| Total liabilities | $1,097,996 |
| Net assets without donor restrictions | $12,415,741 |
| 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 | $13,513,737 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Arts Center Association Inc has recieved totaling $52,912.
| Awarding Organization | Amount |
|---|---|
Pinellas Community Foundation Clearwater, FL PURPOSE: GENERAL SUPPORT | $40,750 |
Gobioff Foundation Wilmington, DE PURPOSE: TO PURCHASE AIR CONDITIONING PART REPLACEMENT AS LISTED ON COMMUNITY FOUNDATION OF TAMPA BAY'S CRITICAL NEEDS LIST | $7,000 |
Gobioff Foundation Wilmington, DE PURPOSE: FUNDS FOR "FRESH SQUEEZED 5: EMERGING ARTISTS IN FLORIDA" | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Endowment Analysis
| Net Contributions | $25,714 |
| Ending Balance | $25,714 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Family Connection Partnership Inc Atlanta, GA | $2,438,280 | $6,252,094 |
Eagle Arts Academy Inc Wellington, FL | $268,349 | $5,358,637 |
Vero Beach Museum Of Art Inc Vero Beach, FL | $60,866,235 | $8,493,938 |
Grandview Preparatory School Inc Boca Raton, FL | $15,212,269 | $5,400,121 |
Arts Center Association Inc St Petersburg, FL | $13,513,737 | $4,345,570 |
Gulfshore Opera Inc Naples, FL | $497,998 | $1,174,387 |
Jacksonville Arts And Music School Jacksonville, FL | $1,043,235 | $1,052,182 |
Realize Bradenton Inc Bradenton, FL | $630,233 | $957,046 |
Young Philosophers Society Inc Shalimar, FL | $29,328 | $903,631 |
Art League Of Marco Island Inc Marco Island, FL | $1,995,611 | $956,565 |
Arts4all Florida Tampa, FL | $1,023,964 | $852,559 |
Sunflower Creative Arts Inc Delray Beach, FL | $1,506,931 | $782,866 |