Arts Foundation For Martin County Inc
- Assets
- $124.6k
- Revenue
- $279.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Stuart, FL
- Founding
- 07/2001
- Data as of
- 09/2023
- EIN
- 65-0819846
Organization Overview
Arts Foundation For Martin County Inc is located in Stuart, FL. The organization was established in 2001. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Foundation For Martin County 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 09/2023, Arts Foundation For Martin County Inc generated $279.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $339.6k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ARTS FOUNDATION FOR MARTIN COUNTY IS A NONPROFIT ORGANIZATION THAT DEVELOPS ACTIVITIES AND PROGRAMS THAT FOSTER AND SUPPORT THE ARTS AND CULTURAL COMMUNITY. MARTIN ARTS FOUNDATION WORKS IN PARTNERSHIP WITH THE MARTIN ARTS COUNCIL AND THE CULTURAL SECTOR IN OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARTIN COUNTY ARTS FESTIVAL ARTSFEST IS AN ANNUAL ARTS FESTIVAL TO CELEBRATE THE ARTS. THE ARTSFEST FEATURES LOCAL, REGIONAL, OR NATIONAL ARTISTS IN FINE ARTS, CRAFTS, AND PERFORMING ARTS.
THE MARTINARTS AWARDS ARE PRESENTED TO STUDENTS WITH PROVEN RECORD OF RESPONSIBILITY AND WHOSE LEADERSHIP HAS IMPROVED THE QUALITY OF LIFE IN THE COMMUNITY THROUGH THE ARTS.
THE PROMOTION OF THE ARTS IN MARTIN COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Bonan Chair | OfficerTrustee | 3 | $0 |
Dr Marie Jureit-Beamish Immediate Past Chair | OfficerTrustee | 3 | $0 |
Jennifer Powers Secretary | OfficerTrustee | 3 | $0 |
Edward R Smith Treasurer | OfficerTrustee | 3 | $0 |
Alessandro Anzalone Board Member | OfficerTrustee | 3 | $0 |
Dr Anita Caswell Board Member | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,525 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,181 |
| Noncash contributions included in lines 1a–1f | $49,339 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,706 |
| Total Program Service Revenue | $67,211 |
| Investment income | $4 |
| 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 | $279,921 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,700 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,608 |
| Advertising and promotion | $9,713 |
| Office expenses | $2,086 |
| Information technology | $6,114 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,224 |
| All other expenses | $3,773 |
| Total functional expenses | $339,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,613 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $730 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $251 |
| Total assets | $124,594 |
| Accounts payable and accrued expenses | $7,274 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,050 |
| Total liabilities | $20,324 |
| Net assets without donor restrictions | $59,728 |
| Net assets with donor restrictions | $44,542 |
| 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 | $124,594 |