Ffta Properties Inc
- Assets
- $0.0
- Revenue
- $208.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/1998
- Data as of
- 06/2021
- EIN
- 31-1497554
Organization Overview
Ffta Properties Inc is located in Louisville, KY. The organization was established in 1998. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Ffta Properties 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 06/2021, Ffta Properties Inc generated $208.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. 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
TO OWN, RENOVATE, PRESERVE AND PROVIDE ACCESS TO FACILITIES WHICH ARE USED PRIMARILY TO SUPPORT INITIATIVES IMPORTANT TO THE SUCCESS OF THE METRO LOUISVILLE ARTS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWNERSHIP AND OPERATION OF ARTSPACE - HOME OF BANK OF LOUISVILLE COMMUNITY ROOM AND VARIOUS COMMUNITY AND ARTS ORGANIZATIONS INCLUDING KENTUCKY OPERA, KENTUCKY SHAKESPEARE, WEST LOUISVILLE PERFORMING ARTS ACADEMY AND ACTING AGAINST CANCER.
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 |
|---|---|---|---|
Ms Janie Martin Secretary/treasurer | OfficerTrustee | 8 | $0 |
Ms Christen Boone President And CEO | OfficerTrustee | 1 | $0 |
Mr Paul Fultz Board Vice Chair | Trustee | 0.5 | $0 |
Ms Barbara Sexton Smith Board Member | Trustee | 0.25 | $0 |
Mr C Edward Glasscock Board Member | Trustee | 0.5 | $0 |
Mr Jeffrey Mckenzie Board Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $114,110 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,426 |
| Net Gain/Loss on Asset Sales | $25,148 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,070,816 |
| 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 | $52,500 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,278 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,337 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,028 |
| Insurance | $19,155 |
| All other expenses | $0 |
| Total functional expenses | $1,362,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ffta Properties Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Fund For The Arts Inc Louisville, KY PURPOSE: Rent Support Grants | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Franklin County Historical Society Columbus, OH | $23,539,656 | $19,471,266 |
Liberty Memorial Association Kansas City, MO | $35,751,544 | $14,461,883 |
Indiana Historical Society Indianapolis, IN | $152,627,726 | $15,739,974 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Steel Founders Society Of America Crystal Lake, IL | $6,567,517 | $7,560,615 |
Sunset Memorial Park Association North Olmsted, OH | $79,187,854 | $7,193,716 |
Historic Landmarks Foundation Of Indiana Inc Indianapolis, IN | $92,679,775 | $11,879,556 |
Cuyahoga Valley Preservation And Scenic Railway Association Peninsula, OH | $11,093,810 | $8,580,241 |
Colonel Il James N Pritzker Library For The Citizen Soldier Chicago, IL | $30,735,848 | $6,408,136 |