Friends Of The@coastal Arts Pavilion At Freeman Park Inc
- Assets
- $24.5m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Selbyville, DE
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 81-0917191
Organization Overview
Friends Of The@coastal Arts Pavilion At Freeman Park Inc is located in Selbyville, DE. The organization was established in 2016. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The@coastal Arts Pavilion At Freeman Park Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOSHUA M. FREEMAN FOUNDATION (JMFF) ESTABLISHED A NOT-FOR-PROFIT SUPPORTING ORGANIZATION NAMED THE FREEMAN ARTS PAVILION, INC. THE PRIMARY ACTIVITY OF THE SUPPORTING ORGANIZATION IS THE CONSTRUCTION AND OWNERSHIP OF A NEW LARGER PERFORMING ARTS VENUE NEAR THE LOCATION OF THE EXISTING FACILITY. THE NEW VENUE WILL DIRECTLY FURTHER THE MISSION OF JOSHUA M. FREEMAN FOUNDATION, EXPAND PROGRAMMING AND ACCOMMODATE LARGER AUDIENCES.THE BOARD OF DIRECTORS OF JMFF ALSO SERVES AS THE BOARD OF DIRECTORS OF THE FREEMAN ARTS PAVILION, INC. IN 2020, THE BOARD ELECTED TO IMPLEMENT A MULTI-PHASE PLAN FOR THE NEW VENUE BEGINNING IN 2021 WHICH ALLOWS EXPANDED SPACE AND SEATING AS JMFF NAVIGATED OUT OF THE COVID-19 PANDEMIC. THE NEWLY PURCHASED PARCEL OF LAND ADJACENT TO THE PREVIOUS VENUE WAS PURCHASED IN DECEMBER 2020 AND CONSTRUCTION OF THE FIRST PHASES OF THE VENUE WERE COMPLETED IN MAY 2021 AND MAY 2022.CONSTRUCTION FOR ADDITIONAL PHASES ARE PLANNED TO OCCUR GRADUALLY OVER THE COMING SIX YEARS WITH WORK BEING COMPLETED DURING THE OFF-SEASON (OCTOBER THROUGH MAY). THIS WILL ALLOW SEASONAL PROGRAMMING AT THE VENUE TO OCCUR WITHOUT INTERRUPTION. WHEN COMPLETE, THE NEW FACILITY WILL ACCOMMODATE APPROXIMATELY 4,000 PATRONS, WITH SEATS UNDER ROOF AND LAWN SEATING. THE FINAL FACILITY WILL INCLUDE A LARGER PERMANENT STAGE STRUCTURE TO BETTER ACCOMMODATE A WIDER VARIETY OF TOURING ARTISTS AND WILL FEATURE STATE-OF-ART SOUND, LIGHTING AND VIDEO CAPABILITIES, AN EXPANDED CONCESSION AND DINING AREA AND ADDITIONAL RESTROOMS. PERMANENT BACKSTAGE SPACES FOR ARTISTS AND CREW (DRESSING ROOMS, LOUNGE, AND PRODUCTION OFFICES) ARE PLANNED AS WELL AS AMPLE PARKING FOR TOURS.THE FREEMAN ARTS PAVILION, INC. RECEIVED FINAL SITE PLAN APPROVAL FROM SUSSEX COUNTY PLANNING AND ZONING ON NOVEMBER 12, 2020, FOR BOTH THE INTERIM PHASE 1 AND THE FINAL PLAN APPROVAL WITH CAPACITY OF OVER 4,000 PATRONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle L Freeman Chairman/president | OfficerTrustee | 4 | $0 |
Christine Shreve Vice President/director | OfficerTrustee | 2 | $0 |
Virginia Esteban-Somalo Secretary/director (end 12/22) | OfficerTrustee | 1 | $0 |
Ginger Ward Treasurer/director | OfficerTrustee | 1 | $0 |
Patricia Kim Director | Trustee | 1 | $0 |
Sara Chase Carlson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bunting & Murray Construction Construction | 12/30/21 | $703,602 |
Permacast Llc Fence Installation | 12/30/21 | $255,350 |
George Miles & Buhr Llc Design Consultant | 12/30/21 | $137,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,742,243 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,555,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,297,745 |
| Total Program Service Revenue | $0 |
| Investment income | $122,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$84,621 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,335,740 |
| 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 | $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 | $25,921 |
| Fees for services: Other | $9,155 |
| Advertising and promotion | $0 |
| Office expenses | $781 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $51,891 |
| Total functional expenses | $87,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,659 |
| Savings and temporary cash investments | $5,107,602 |
| Pledges and grants receivable | $10,229,561 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,296,400 |
| Investments—publicly traded securities | $4,598,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,141,578 |
| Total assets | $24,528,725 |
| Accounts payable and accrued expenses | $5,848 |
| 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 | $5,848 |
| Net assets without donor restrictions | $15,439,333 |
| Net assets with donor restrictions | $9,083,544 |
| 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 | $24,528,725 |