The Fountainhead Residency Inc
- Assets
- $858.6k
- Revenue
- $822.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Miami, FL
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 81-3627928
Organization Overview
The Fountainhead Residency Inc is located in Miami, FL. The organization was established in 2018. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Fountainhead Residency Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fountainhead Residency 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 12/2021, Fountainhead Residency Inc generated $822.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $584.6k during the year ending 12/2021. 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
VALUING DIVERSITY AND INCLUSION, WE INSPIRE, ENGAGE AND CONNECT PEOPLE. ARTISTS AND ART ARE OUR VEHICLE. THE FOUNTAINHEAD ACCOMPLISHES THIS BY ENHANCING THE LIVES AND CAREERS OF ARTISTS, INFUSING MIAMI'S GROWING ART AND CULTURAL COMMUNITY WITH ARTISTIC INSPIRATION FROM AROUND THE WORLD, COLLABORATING WITH OUR LOCAL INSTITUTIONS, NON-PROFITS AND BUSINESSES TO SUPPORT OUR CITY'S GROWTH, BUILDING A GLOBAL FAMILY THAT TRANSCENDS ALL BORDERS AND CONTINUES TO GIVE BACK, AND CULTIVATING NEW AUDIENCES FOR THE ARTS THROUGH INTIMATE ENGAGEMENTS, EDUCATION AND UNIQUE EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNTAINHEAD RESIDENCY PROVIDE A SAFE AND NURTURING ENVIRONMENT FOR ARTISTS TO THRIVE PERSONALLY AND PROFESSIONALLY. WE BRINGS ARTISTS FROM AROUND THE WORLD TO LIVE AND WORK IN MIAMI FOR UP TO TWO MONTHS. WE HOST 3-4 ARTISTS AT A TIME AND BETWEEN 30-40 ARTISTS PER YEAR. TO DATE OVER 350 ARTISTS FROM 42 COUNTRIES HAVE TAKEN PART IN THE RESIDENCY. THE RESIDENCY IS CENTRALLY LOCATED IN THE HISTORIC NEIGHBORHOOD OF MORNINGSIDE. IT PROVIDES ARTISTS WITH AN ENVIRONMENT TO TAKE THEMSELVES OUT OF THEIR DAILY ROUTINES, FIND NEW INSPIRATION, CONDUCT RESEARCH AND CREATE NEW WORK. WHILE ARTISTS ARE WITH US THEY MEET THE PEOPLE THAT MAKE MIAMI'S COMMUNITY ONE-OF-A-KIND AND GAIN CRITICAL FEEDBACK ON THEIR WORK FROM ARTS PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Mikesell Executive Director | OfficerTrustee | 40 | $210,250 |
Silvia Faidutti Treasurer | Trustee | 2 | $0 |
Nicole Blackburn Director | Trustee | 2 | $0 |
Benjamin Wolkov Secretary | Trustee | 2 | $0 |
Alexa Wolman President | Trustee | 2 | $0 |
Jeff Flemings Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $565,759 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $620,029 |
| Total Program Service Revenue | $202,696 |
| Investment income | $0 |
| 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 | $822,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,180 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,250 |
| Compensation of current officers, directors, key employees. | $84,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,588 |
| Advertising and promotion | $26,034 |
| Office expenses | $3,200 |
| Information technology | $6,021 |
| Royalties | $0 |
| Occupancy | $68,172 |
| Travel | $30,491 |
| 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 | $1,858 |
| Insurance | $2,399 |
| All other expenses | $4,804 |
| Total functional expenses | $584,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $832,827 |
| 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 | $0 |
| Net Land, buildings, and equipment | $25,775 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $858,602 |
| Accounts payable and accrued expenses | $21,115 |
| 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 | $21,115 |
| Net assets without donor restrictions | $837,487 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $858,602 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Fountainhead Residency Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Artha Foundation Inc Delray Beach, FL PURPOSE: DONATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of The Four Arts Palm Beach, FL | $121,173,909 | $24,597,391 |
Irma And Norman Braman Art Foundation Miami, FL | $27,200,000 | -$200,000 |
Korean Martial Arts Culture & Education Foundation Inc Hollywood, FL | $530,186 | $4,469,417 |
Cafe 1040 Inc Alpharetta, GA | $1,445,364 | $4,184,740 |
Safe States Alliance Atlanta, GA | $855,123 | $2,462,301 |
Miami Broward One Carnival Host Committee Inc Miami, FL | $499,382 | $2,415,530 |
Artsnow Inc Atlanta, GA | $4,742,407 | $2,526,341 |
Dunedin Fine Arts Cultural Center Inc Dunedin, FL | $9,442,187 | $2,311,828 |
Ocean Reef Cultural Center Inc Key Largo, FL | $38,541,149 | $2,233,554 |
Pensacola Retirement Village Inc Orlando, FL | $4,149,191 | $1,797,373 |
Iris & B Gerald Cantor Foundation Palm Beach, FL | $24,280,811 | $1,163,888 |
Spruill Center For The Arts Inc Atlanta, GA | $6,437,897 | $2,168,968 |