Adrienne Arsht Center Trust Inc

Organization Overview

Adrienne Arsht Center Trust Inc is located in Miami, FL. The organization was established in 1995. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Adrienne Arsht Center Trust Inc employed 485 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adrienne Arsht Center Trust 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 09/2021, Adrienne Arsht Center Trust Inc generated $35.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $21.5m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CENTER IS A SHOWCASE FOR THE FINEST IN ESTABLISHED AND DEVELOPING CULTURAL PROGRAMS. IT IS THE FOUNDATION ON WHICH ITS RESIDENT COMPANIES (FLORIDA GRAND OPERA, MIAMI CITY BALLET, AND NEW WORLD SYMPHONY) BUILD THEIR PROGRAMS AND EXTEND THEIR REACH. THE CENTER ALSO SERVES AS A LABORATORY FOR SMALLER, EMERGING ORGANIZATIONS BY PROVIDING FIRST CLASS ACCESSIBLE FACILITIES. PROGRAMMING INCLUDES BROADWAY MUSICALS; WORLD MUSIC AND DANCE; LATIN POP; CABARET; JAZZ; HOLIDAY SPECIALS; THEATRE; STAND-UP COMEDY; CLASSICAL MUSIC; AND MODERN DANCE.


ARTS EDUCATION AND COMMUNITY ENGAGEMENT IS A MAJOR COMPONENT OF THE CENTER'S MISSION. THE CENTER HAS CREATED A STRONG, MULTI-FACETED INITIATIVE THAT ADDRESSES ARTS EDUCATION, BOTH IN SWEEPING COMPREHENSIVE WAYS (E.G. LEARNING THROUGH THE ARTS), AND IN FOCUSED, INDIVIDUALIZED EFFORTS (SUCH AS AILEYCAMP MIAMI). OVERALL APPROXIMATELY 50,000 K-12 STUDENTS IN MIAMI-DADE COUNTY PUBLIC SCHOOLS ARE IMPACTED BY THESE EFFORTS EVERY YEAR.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Allied Universal Security Services
Security Services
$956,944
Aka Communications Llc
Voice & Data Cabling Services
$105,747
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$155,000
Government grants $26,334,755
All other contributions, gifts, grants, and similar amounts not included above$3,224,049
Noncash contributions included in lines 1a–1f $339,519
Total Revenue from Contributions, Gifts, Grants & Similar$29,713,804
Total Program Service Revenue$2,823,482
Investment income $2,815,395
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 $35,550,513

Grants Recieved

Over the last fiscal year, we have identified 20 grants that Adrienne Arsht Center Trust Inc has recieved totaling $1,878,374.

Awarding OrganizationAmount
The Miami Foundation Inc

Miami, FL

PURPOSE: PROGRAM SUPPORT

$706,995
The Frederick A Deluca Foundation Inc

Pompano Beach, FL

PURPOSE: ARSHT CENTER EDUCATION AND WORKFORCE INITIATIVES

$500,000
The Batchelor Foundation Inc

Miami Beach, FL

PURPOSE: GENERAL OPERATIONS

$200,000
$127,000
The Batchelor Foundation Inc

Miami Beach, FL

PURPOSE: GENERAL OPERATIONS

$100,000
Cornelia T Bailey Charitable Trust

West Palm Beach, FL

PURPOSE: LEARNING THROUGH THE ARTS

$100,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,511,295
Earnings$2,815,395
Net Contributions$155,000
Other Expense$553,432
Ending Balance$14,928,258

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