Sanctuary Of The Arts
- Assets
- $1.3m
- Revenue
- $873.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 09/2019
- Data as of
- 09/2022
- EIN
- 84-2604945
Organization Overview
Sanctuary Of The Arts is located in Coral Gables, FL. The organization was established in 2019. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Sanctuary Of The Arts 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 09/2022, Sanctuary Of The Arts generated $873.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $490.6k during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SANCTUARY OF THE ARTS PRODUCES AND PRESENTS HIGHQUALITY PERFORMANCES AND EVENTS THAT APPEAL IN
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCOMPLISHMENTS INCLUDE OPENING OF ITS CONCERT HALL OCCURRED IN APRIL 2022. SINCE ITS OPENING THERE HAVE BEEN MORE THAN 40 PERFORMANCES AND OTHER EVENTS ON AND OFF-SITE, INCLUDING NATIONAL AND INTERNATIONAL CONFERENCES, BOOK LAUNCHES, DANCE PERFORMANCES AND WORKSHOPS,AND MORE AMONG THEM:THE FIRST EVER JOSHUA BELL CHAMBER MUSIC WORKSHOP ON FEBRUARY 24;AN EVENING WITH PRESIDENTIAL INAUGURAL POET RICHARD BLANCO IN MARCH; THE OPENING OF MAINLY MOZZART'S 2022 SEASON FEATURING THE AMERNET STRING QUARTETS VIENNA IN MAY; DELRAY STRINGS QUARTERS IMPRESSION IN MAY;MOCKTAILS AND MUSIC IN JULY; MOBBALLET/MIA SYMPOSIUM IN AUGUST; THE US AND THE HOLOCAUST IN SEPTEMBER;VOICES OF MIAMI'S OPERA CINEMA IN OCTOBER;
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis S Eidson Director | OfficerTrustee | 25 | $0 |
Vince Lago Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $836,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $836,540 |
| Total Program Service Revenue | $12,010 |
| 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 | $873,462 |
| 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 | $55,000 |
| Fees for services: Legal | $14,525 |
| Fees for services: Accounting | $7,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $182,973 |
| Advertising and promotion | $12,000 |
| Office expenses | $24,902 |
| Information technology | $4,372 |
| Royalties | $0 |
| Occupancy | $123,567 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,396 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,384 |
| Insurance | $21,384 |
| All other expenses | $0 |
| Total functional expenses | $490,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,486 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,994 |
| 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 | $1,266,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,783 |
| Total assets | $1,321,392 |
| Accounts payable and accrued expenses | $0 |
| 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 | $38,534 |
| Total liabilities | $38,534 |
| Net assets without donor restrictions | $874,207 |
| Net assets with donor restrictions | $408,651 |
| 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 | $1,321,392 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Family Connection Partnership Inc Atlanta, GA | $2,438,280 | $6,252,094 |
Eagle Arts Academy Inc Wellington, FL | $268,349 | $5,358,637 |
Vero Beach Museum Of Art Inc Vero Beach, FL | $60,866,235 | $8,493,938 |
Grandview Preparatory School Inc Boca Raton, FL | $15,212,269 | $5,400,121 |
Arts Center Association Inc St Petersburg, FL | $13,513,737 | $4,345,570 |
Gulfshore Opera Inc Naples, FL | $497,998 | $1,174,387 |
Jacksonville Arts And Music School Jacksonville, FL | $1,043,235 | $1,052,182 |
Realize Bradenton Inc Bradenton, FL | $630,233 | $957,046 |
Young Philosophers Society Inc Shalimar, FL | $29,328 | $903,631 |
Art League Of Marco Island Inc Marco Island, FL | $1,995,611 | $956,565 |
Arts4all Florida Tampa, FL | $1,023,964 | $852,559 |
Sunflower Creative Arts Inc Delray Beach, FL | $1,506,931 | $782,866 |