Sanctuary Of The Arts
- Assets
- $1.4m
- Revenue
- $755.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 09/2019
- Data as of
- 09/2023
- 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 09/2023, Sanctuary Of The Arts generated $755.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $670.4k 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
SANCTUARY OF THE ARTS IS AN ARTIST-LED INSTITUTION CHARGED TO SERVE THE COMMUNITY WITH ARTS EDUCATION, CULTURAL DEVELOPMENT, COMMUNITY ENGAGEMENT, PERFORMANCE AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ITS THIRD SEASON, SANCTUARY OF THE ARTS ACQUIRED 4 NEW RESIDENT COMPANIES INCLUDING THE INTER-AMERICAN CHOREOGRAPHIC INSTITUTE, MIAMI CHAMBER MUSIC SOCIETY, NEW CANON CHAMBER COLLECTIVE, AND SYNCOPATE DANCE COLLECTIVE. IT ALSO RECEIVED 10 NEW PARTNERSHIPS INCLUDING CUBAN CLASSICAL BALLET OF MIAMI, PETER LONDON GLOBAL DANCE, DANCE NOW! MIAMI, AND MIAMI CITY BALLET AMONG OTHERS. SANCTUARY ALSO CONTINUED ITS PROGRAMMATIC ASSOCIATION WITH MIAMI DADE COUNTY PUBLIC SCHOOLS, AND UNIVERSITY OF MIAMI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rafael Maldonado-Lopez Man. Director | Officer | 20 | $55,550 |
Lewis S Edison President | Officer | 10 | $0 |
Brian Larson Officer | Officer | 2 | $0 |
Margaret Edison Vice President | Officer | 2 | $0 |
Lydia Harrison Officer | Officer | 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 | $711,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $711,679 |
| Total Program Service Revenue | $14,515 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,341 |
| 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 | $755,535 |
| 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 | $94,899 |
| Fees for services: Legal | $9,479 |
| Fees for services: Accounting | $7,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,924 |
| Office expenses | $10,817 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $254,387 |
| Travel | $355 |
| 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 | $52,475 |
| Insurance | $14,561 |
| All other expenses | $34,508 |
| Total functional expenses | $670,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,835 |
| 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 | $1,281,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,367,969 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,367,969 |
| 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 | $1,367,969 |