Old School Square Center For The Arts Inc
- Assets
- $2.8m
- Revenue
- $2.4m
- Investments
- $15.4k
- Employees
- 86
- Location
- Delray Beach, FL
- Founding
- 11/1988
- Data as of
- 09/2020
- EIN
- 65-0032803
Organization Overview
Old School Square Center For The Arts Inc is located in Delray Beach, FL. The organization was established in 1988. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 09/2021, Old School Square Center For The Arts Inc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old School Square Center For The Arts 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 09/2020, Old School Square Center For The Arts Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $2.7m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OLD SCHOOL SQUARES MISSION IS TO BE THE COMMUNITYS CULTURAL CENTER AND GATHERING PLACE FOR ENRICHING THE LIVES OF ALL PEOPLE BY PROVIDING A TOTAL ARTS EXPERIENCE THROUGH VISUAL AND PERFORMING ARTS, EDUCATION, AND ENTERTAINMENT, WHILE PRESERVING OUR NATIONAL HISTORIC SITE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OLD SCHOOL SQUARE PRESENTED 5 BROADWAY SHOWS, 5 CABARET SHOWS, 18 FREE FRIDAY NIGHT CONCERTS, 11 VARIETY ACTS, AND 4 OUTDOOR PAVILION SHOWS.
THE CORNELL ART MUSEUM PRESENTED 2 CURATED CONTEMPORARY ART EXHIBITIONS FEATURING NATIONALLY AND INTERNATIONALLY RECOGNIZED ARTISTS. IN ADDITION, THE MUSEUM HOSTED THE ART ON THE SQUARE FINE ART SHOW FEATURING 120 ARTISTS FROM AROUND THE COUNTRY, 12 SPOTLIGHT GALLERY FIRST FRIDAY ART WALK EXHIBITIONS FEATURING STUDENT ART GROUPS AND 3 ARTIST TALKS.
OLD SCHOOL SQUARE CREATIVE ARTS SCHOOL OFFERED BEGINNER THROUGH MASTER-LEVEL CLASSES IN THE CREATIVE ARTS, INCLUDING DRAWING, PAINTING, PHOTOGRAPHY, JEWELRY MAKING AND WRITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Elmore Treasurer | OfficerTrustee | 1 | $0 |
Patty Jones Chairman | OfficerTrustee | 1 | $0 |
Deborah Dowd Vice Chairman | OfficerTrustee | 1 | $0 |
Bill Branning Director | Trustee | 1 | $0 |
Frances Bourque Founder | Trustee | 1 | $0 |
Fred Bonardi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,482,915 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$109,131 |
| 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 | $13,363 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,350,961 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $971,257 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $127,313 |
| Payroll taxes | $81,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,484 |
| Advertising and promotion | $126,491 |
| Office expenses | $8,238 |
| Information technology | $103,637 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,349 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $161,306 |
| Insurance | $32,412 |
| All other expenses | $0 |
| Total functional expenses | $2,652,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $694,982 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $224,151 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,446 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $268,103 |
| Total assets | $2,794,382 |
| Accounts payable and accrued expenses | $172,846 |
| Grants payable | $0 |
| Deferred revenue | $110,579 |
| 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 | $370,208 |
| Total liabilities | $653,633 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,140,749 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Old School Square Center For The Arts Inc has recieved totaling $25,500.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $15,500 |
The Elmore Family Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $10,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
St Pauls Episcopal School Mobile, AL | $26,189,566 | $16,422,172 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
William Monroe Rowlett Academy For Arts And Communication Bradenton, FL | $11,754,381 | $15,312,169 |
Episcopal Day Private School Of Manatee County Inc Bradenton, FL | $25,876,327 | $15,435,458 |
St Francis Day School Inc Roswell, GA | $35,555,718 | $15,564,442 |