Circus Arts Conservatory Inc
- Assets
- $8.3m
- Revenue
- $3.7m
- Investments
- $563.5k
- Employees
- 48
- Location
- Sarasota, FL
- Founding
- 02/1998
- Data as of
- 06/2020
- EIN
- 65-0786312
Organization Overview
Circus Arts Conservatory Inc is located in Sarasota, FL. The organization was established in 1998. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2021, Circus Arts Conservatory Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circus Arts Conservatory 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 06/2020, Circus Arts Conservatory Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $3.3m during the year ending 06/2020. While expenses have increased by 2.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
THE MISSION OF THE CIRCUS ARTS CONSERVATORY IS TO ENGAGE AND EDUCATE CHILDREN USING UNIQUE AND INNOVATIVE LEARNING PROGRAMS; TO MEASURABLY IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS IN CARE FACILITIES; AND TO ADVANCE THE EXTRAORDINARY LEGACY AND HERITAGE OF THE CIRCUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCE: THROUGH PROFESSIONAL PRODUCTIONS, CAC CONTINUES TO ELEVATE THE ART OF CIRCUS, SHOWCASING WORLD-CLASS PERFORMERS AND ATHLETES. OVER 1 MILLION PEOPLE HAVE ATTENDED A CAC PERFORMANCE IN A MOBILE, EUROPEAN STYLE BIG TOP TENT AND AT OFF-SITE THEATER SHOWS.TRAINING: AT 71 YEARS OLD, THE SAILOR CIRCUS ACADEMY IS AMERICA'S LONGEST RUNNING YOUTH CIRCUS. MORE THAN 1 MILLION SPECTATORS HAVE SEEN ITS BI-ANNUAL PERFORMANCES, RANKED #2 ON TRIP ADVISOR/SARASOTA. CAC'S TRAINING PROGRAMS IMPACT AREA YOUTH ENCOURAGING THE DEVELOPMENT OF THEIR CHARACTER AND LIFE MANAGEMENT SKILLS THROUGH THE CIRCUS ARTS. SAILOR CIRCUS BOASTS OVER 10,000 GRADUATES IN AFTER SCHOOL PROGRAMS AND 6,000+ HAVE ATTENDED SUMMER CAMP AND CLASSES.OUTREACH: OUR ONE-OF-A-KIND STEAM BASED EDUCATION PROGRAM TAKES LEARNING IN THE CLASSROOM TO A NEW LEVEL AND HAS SERVED MORE THAN 12,000 STUDENTS THE LAST 3 YEARS. THROUGH HANDS-ON EDUCATION IN KEY ACADEMIC SUBJECTS LIKE SCIENCE, LANGUAGE ARTS AND THEATER, THIS PROGRAM IMPROVES RETENTION RATES AND TEST OUTCOMES FOR SCORES OF STUDENTS. THE HUMOR THERAPY PROGRAM HAS WORKED WITH OVER 65 LOCAL AGENCIES BRINGING JOYFUL HUMAN SERVICE INTERACTION TO MORE THAN 250,000 PEOPLE IN HOSPITALS, NURSING HOMES AND CARE FACILITIES. MEDICAL STUDIES CONSISTENTLY DEMONSTRATE THAT LAUGHTER REDUCES STRESS, EASES ANXIETY AND DEPRESSION, DECREASES PAIN PERCEPTION AND HAS A POSITIVE, LONG LASTING EFFECT ON THE BODY'S IMMUNE SYSTEM, HEART AND BRAIN. THIS SPECIALLY DESIGNED PROGRAM HELPS TO IMPROVE THE QUALITY OF LIFE FOR PATIENTS, FAMILIES AND STAFF.LEGACY: IN THE LATE 1920'S, JOHN RINGLING MOVED HIS CIRCUS WINTER QUARTERS TO SARASOTA AND THE CIRCUS BECAME AN INTEGRAL PART OF SOCIAL AND ECONOMIC LIFE, GIVING OUR COMMUNITY ITS UNIQUE IDENTITY. THE CAC WAS BORN FROM DECADES OF SARASOTA CIRCUS HISTORY AND WILL CONTINUE TO PRESERVE AND PROMOTE THIS LEGACY. FLORIDA'S SECRETARY OF STATE KURT S. BROWNING RECOGNIZED THE ACCOMPLISHMENTS OF DOLLY JACOBS, CO-FOUNDER OF CAC AT THE FLORIDA HERITAGE AWARDS WHERE DOLLY WAS THE RECIPIENT OF THE PRESTIGIOUS 2012 FLORIDA FOLK HERITAGE AWARD. THE FLORIDA DEPARTMENT OF STATE PRESENTS FOLK HERITAGE AWARDS ANNUALLY TO CITIZENS WHOSE LIFELONG DEVOTION TO FOLK-LIFE HAS ENRICHED THE STATE'S CULTURAL LEGACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pedro Reis CEO | OfficerTrustee | 40 | $152,832 |
Deborah Walk Secretary | OfficerTrustee | 1 | $0 |
Jack Brown Treasurer | OfficerTrustee | 1 | $0 |
Barton Lowther Chair | OfficerTrustee | 1 | $0 |
Michael Salmon Vice Chair | OfficerTrustee | 1 | $0 |
Julie Harris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,419,660 |
| Investment income | $4,829 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$41,984 |
| Net Gain/Loss on Asset Sales | -$1,424 |
| Net Income from Fundraising Events | $107,487 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,678,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $18,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,413 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,149,453 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,621 |
| Payroll taxes | $87,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,659 |
| Fees for services: Accounting | $65,642 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $498 |
| Fees for services: Other | $387,985 |
| Advertising and promotion | $381,584 |
| Office expenses | $69,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,754 |
| Travel | $78,506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,787 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $225,533 |
| Insurance | $123,755 |
| All other expenses | $0 |
| Total functional expenses | $3,335,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,615 |
| Savings and temporary cash investments | $818,631 |
| Pledges and grants receivable | $1,955,525 |
| Accounts receivable, net | $4,212 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,263 |
| Prepaid expenses and deferred charges | $53,488 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $563,492 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,238 |
| Total assets | $8,250,938 |
| Accounts payable and accrued expenses | $93,496 |
| Grants payable | $0 |
| Deferred revenue | $77,105 |
| 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 | $259,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $430,101 |
| 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 | $7,820,837 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Circus Arts Conservatory Inc has recieved totaling $337,651.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: CAPITAL PURCHASES, GENERAL SUPPORT, PROGRAM SUPPORT, SCHOLARSHIP SUPPORT | $138,816 |
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: EDUCATION | $110,196 |
Manatee Community Foundation Inc Bradenton, FL PURPOSE: PROGRAM SUPPORT | $20,000 |
Ralph G Gorenstein Charitable Foundation Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $11,000 |
Womans Exchange Inc Of Sarasota Sarasota, FL | | $10,000 |
Mildred & Bernard Doyle Charitable Trust 44404890 Chicago, IL PURPOSE: GENERAL | $10,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circus Arts Conservatory Inc Sarasota, FL | $8,250,938 | $3,678,261 |
Youth Automotive Training Center Of Broward Inc Deerfield Beach, FL | $53,993,495 | $5,483,147 |
Edventure Charter School Inc Hypoluxo, FL | $1,173,630 | $2,133,014 |
Believers Academy Inc West Palm Beach, FL | $1,332,397 | $2,105,906 |
Central Florida Leadership Academy Orlando, FL | $907,146 | $949,448 |
Donna J Beasley Tri-County Apprenticeship Academy Inc Fort Myers, FL | $2,484,680 | $1,196,685 |
Georgia Association For Career & Technical Education Inc Marietta, GA | $923,695 | $850,463 |
Suncoast Developers Guild Inc Saint Petersburg, FL | $243,974 | $739,389 |
Citation Jet Pilots Safety And Education Foundation Inc Enterprise, FL | $314,548 | $637,068 |
Florida School Of Traditional Midwifery Inc Gainesville, FL | $713,081 | $663,052 |
Florida Association For Career And Technical Education Inc Tallahassee, FL | $536,597 | $623,685 |
Training Solutions For Construction & Industry Mobile, AL | $336,420 | $605,754 |