Arts Foundation For Martin County Inc
- Assets
- $190.3k
- Revenue
- $331.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Stuart, FL
- Founding
- 07/2001
- Data as of
- 09/2021
- 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 09/2021, Arts Foundation For Martin County Inc generated $331.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $171.7k during the year ending 09/2021. While expenses have increased by 34.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ARTS IN MARTIN COUNTY, FLORIDA.
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, AND NATIONAL ARTISTS IN FINE ARTS, CRAFTS AND PERFORMING ARTS.
THE MARTIES AWARDS ARE PRESENTED TO STUDENTS WITH A 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, FLORIDA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward R Smith Treasurer | OfficerTrustee | $0 | |
Dr Marie Jureit-Beamish Chair | OfficerTrustee | $0 | |
Liz Bonan Vice Chair | OfficerTrustee | $0 | |
Jennifer Powers Secretary | OfficerTrustee | $0 | |
Robert Ankrom Board Member | Trustee | $0 | |
Marney E Mckee Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,589 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,921 |
| Noncash contributions included in lines 1a–1f | $31,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,510 |
| Total Program Service Revenue | $97,747 |
| 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 | $331,261 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,616 |
| 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 | $8,298 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,290 |
| Office expenses | $1,207 |
| Information technology | $3,530 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,384 |
| 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 | $1,740 |
| All other expenses | $41,796 |
| Total functional expenses | $171,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,064 |
| 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 | $352 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,845 |
| Total assets | $190,261 |
| Accounts payable and accrued expenses | $23,276 |
| 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 | $0 |
| Total liabilities | $23,276 |
| Net assets without donor restrictions | $95,628 |
| Net assets with donor restrictions | $71,357 |
| 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 | $190,261 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Arts Foundation For Martin County Inc has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,000 |
The Fine Foundation Pittsburgh, PA PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Foundation For Advancement In The Arts Inc Miami, FL | $60,834,688 | $13,120,444 |
South Florida Art Center Inc Miami Beach, FL | $115,639,689 | $4,483,318 |
Serenbe Art Farm For Arts And Education Corporation Chattahoochee Hills, GA | $1,242,651 | $1,430,942 |
Hambidge Center For Creative Arts & Sciences Inc Rabun Gap, GA | $5,261,763 | $2,990,287 |
Lemoyne Art Foundation Inc Tallahassee, FL | $3,131,181 | $2,535,049 |
Kp Cares Powder Springs, GA | $0 | $619,995 |
Silence The Shame Inc Alpharetta, GA | $362,225 | $490,921 |
Boca Hrande Art Center Inc Boca Grande, FL | $512,458 | $431,397 |
Studio By The Tracks Inc Irondale, AL | $666,947 | $386,340 |
Asian Arts Center Lake Park, FL | $54,545 | $240,988 |
Georgia Lawyers For The Arts Inc Atlanta, GA | $784,151 | $531,353 |
Fren Foundation Inc Richmond Hill, GA | $17,923 | $315,342 |