Platform Art Inc
- Assets
- $68.9k
- Revenue
- $143.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Lakeland, FL
- Founding
- 07/2006
- Data as of
- 12/2023
- EIN
- 51-0578282
Organization Overview
Platform Art Inc is located in Lakeland, FL. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Platform Art Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Platform Art 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 12/2023, Platform Art Inc generated $143.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $116.1k during the year ending 12/2023. 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
PLATFORM ART, INCS MISSION IS TO ENRICH COMMUNITIES BY PROVIDING FORUMS FOR ART EXPERIENCES AND SUPPORTING THE CREATION OF PUBLIC ART.DURING FISCAL YEAR 2023 PLATFORMS PROGRAMS INCLUDED PLATFORM KIDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM EXPENSES NECESSARY TO COMPLETE ALL EXPERIENCES LISTED ON PAGE 2 PART III 1-4D.
THE MET PROJECT IS WAS A LARGE, OUTDOOR, PUBLIC MURAL CREATED THROUGH A CORPORATE COMMISSION TO PLATFORM ART. THE MURAL WAS COMPLETED
PART III LINE 4DPLATFORM KIDS ART FESTIVAL: AN ANNUAL FESTIVAL CELEBRATION OF STUDENT PRODUCED ED VISUAL AND PERFORMANCE ART, PUBLIC AND PRIVATE SCHOOLS, GRADES 1 - 12M INSTEAD AT THE REGIONAL CHILDRENS MUSEUM. MORE THAN 2,500 STUDENTS ARE IMPACTED BY THE PROGRAM THROUGH DIRECT PARTICIPATION OR ATTENDANCE TO THE OPENING EVENT AND WEEK-LONG EXHIBITION. EXPENSES: $10,000 GRANT OF $10,000. REVENUE $90LAKE ALFRED, VETERANS MEMORIAL PARK: A COMMISSION FROM THE CITY OF LAKE ALFRED TO ENGAGE A PROFESSIONAL ARTIST TO DESIGN AND PRODUCE A STATUE STEEL MONUMENT CELEBRATING THE ARMED SERVICES AND THE MILITARY HISTORY SPECIFIC TO LAKE ALFRED, TO BE INSTALLED AND CELEBRATED BY VETERANS DAY NOVEMBER 2025. EXPENSES: $0 GRANT: $0 REVENUE: $0SPANISH AMERICAN WAR PROJECT: FINAL COST OF ART AND INSTALLTION OF SCULPTURE EXPENSES: $3,500 GRANT: $0 REVENUE: $0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Haffey Executive Director | 50 | $40,769 | |
Nancy Tafton President | Officer | 25 | $11,077 |
Wendy Keene Director | Trustee | 1 | $0 |
Amelia Maddon Director | Trustee | 1 | $0 |
Patrick Mims Director | Trustee | 1 | $0 |
Julie Buford Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,524 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,529 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,833 |
| Total Program Service Revenue | $0 |
| Investment income | $76 |
| 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 | $142,984 |
| 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. | $40,769 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,923 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $271 |
| Payroll taxes | $1,139 |
| Fees for services: Management | $0 |
| 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 | $4,500 |
| Advertising and promotion | $1,370 |
| Office expenses | $5,079 |
| Information technology | $1,576 |
| Royalties | $0 |
| Occupancy | $1,661 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $340 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,573 |
| All other expenses | $45,861 |
| Total functional expenses | $116,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,092 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,758 |
| 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 | $68,850 |
| Accounts payable and accrued expenses | $1,512 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $6,512 |
| 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 | $62,338 |
| Total liabilities and net assets/fund balances | $68,850 |