St Petersburg Warehouse Arts District Inc
- Assets
- $4.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Saint Petersburg, FL
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-0826859
Organization Overview
St Petersburg Warehouse Arts District Inc, operating under the name Warehouse Arts District Association, is located in Saint Petersburg, FL. The organization was established in 2014. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Warehouse Arts District Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Warehouse Arts District Association 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, Warehouse Arts District Association generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $673.5k during the year ending 12/2021. While expenses have increased by 35.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATIONS MISSION IS TO PROVIDE A COMMUNITY THAT WILL ATTRACT ARTISTS FROM ALL OVER THE COUNTRY TO LIVE WORK AND CREATE IN A CENTRALIZED LOCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE, ADVOCATE AND BENEFIT WORKING ARTIST IN ST. PETERSBURG, FLORIDA WHILE ENRICHING OUR LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Executive Director | Officer | 25 | $72,500 |
Mark Aeling President | Officer | 2 | $0 |
Robert Kapusta Vice President | Officer | 2 | $0 |
Mirella Cimato Smith Secretary | Officer | 2 | $0 |
Teresa Sullivan Board Member | Trustee | 2 | $0 |
Barclay Harless Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,970 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,387 |
| All other contributions, gifts, grants, and similar amounts not included above | $777,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $874,107 |
| Total Program Service Revenue | $82,862 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $402 |
| Royalties | $0 |
| Net Rental Income | $222,109 |
| 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 | $1,210,830 |
| 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. | $72,500 |
| Compensation of current officers, directors, key employees. | $54,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,761 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,420 |
| Advertising and promotion | $0 |
| Office expenses | $211 |
| Information technology | $28,860 |
| Royalties | $0 |
| Occupancy | $94,323 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $130,308 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,303 |
| Insurance | $31,753 |
| All other expenses | $27,267 |
| Total functional expenses | $673,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,684 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,495 |
| 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 | $3,819,032 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $18,740 |
| Other assets | $127,586 |
| Total assets | $4,246,537 |
| Accounts payable and accrued expenses | $21,376 |
| 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 | $40,000 |
| Secured mortgages and notes payable | $1,817,886 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,980 |
| Total liabilities | $1,891,242 |
| Net assets without donor restrictions | $2,355,295 |
| 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 | $4,246,537 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that St Petersburg Warehouse Arts District Inc has recieved totaling $136,273.
| Awarding Organization | Amount |
|---|---|
Stephen Siller Tunnel To Towers Foundation Staten Island, NY PURPOSE: SUPPORT | $100,000 |
Copperhead Charities Inc Palm Harbor, FL PURPOSE: GENERAL SUPPORT | $25,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $10,000 |
Foundation For A Healthy St Petersburg Inc St Petersburg, FL PURPOSE: TO STRATEGICALLY INVEST IN SUPPORTING CAPACITY-BUILDING AND COMMUNITY ENGAGEMENT EFFORTS FOR WAREHOUSE ARTS DISTRICT ASSOCIATION. | $1,250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Arts Inc Atlanta, GA | $7,711,292 | $5,611,811 |
Central Florida Community Arts Inc Orlando, FL | $1,775,519 | $1,587,078 |
Acorn Center For Restoration And Freedom Inc Covington, GA | $134,681 | $1,087,049 |
South Fulton Institute Inc Atlanta, GA | $1,909,108 | $891,815 |
St Petersburg Warehouse Arts District Inc Saint Petersburg, FL | $4,246,537 | $1,210,830 |
El Espacio 23 Inc Miami, FL | $6,319,448 | $659,257 |
Gadsden Arts Inc Quincy, FL | $3,309,221 | $583,615 |
Repurpose Project Gainesville, FL | $1,065,562 | $834,868 |
Artfest Fort Myers Inc Fort Myers, FL | $264,384 | $469,990 |
Handweavers Guild Of America Inc Atlanta, GA | $1,090,447 | $477,241 |
Hub On Canal Inc New Smyrna Beach, FL | $1,198,178 | $493,305 |
Cisneros Fontanals Foundation For The Arts Miami, FL | $7,132 | $430,753 |