F A F O Inc
- Assets
- $693.6k
- Revenue
- $219.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Ocala, FL
- Founding
- 11/1983
- Data as of
- 12/2021
- EIN
- 59-1531258
Organization Overview
F A F O Inc, operating under the name Fine Arts For Ocala, is located in Ocala, FL. The organization was established in 1983. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Fine Arts For Ocala 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, Fine Arts For Ocala generated $219.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $193.7k during the year ending 12/2021. While expenses have increased by 1.4% 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
FINE ARTS FOR OCALA (FAFO) FORM IN 1972 WITH THE MISSION TO PROMOTE THE APPRECIATION OF FINE ARTS AND TO ENHANCE ART EDUCATION IN THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR NEARLY 40 YEARS, FAFO INC., DBA FINE ARTS FOR OCALA HAS PRODUCED A COMMUNITY ART SHOW FEATURING OVER 200 AREA ARTISTS INCLUDING SEVERAL GRAND MASTER AWARD WINNERS. THIS EVENT IS WELL RESPECTED IN THE SURROUNDING AREA OF MARION COUNTY FLORIDA AND WITH THE SOUTHEASTERN COMMUNITY OF ARTISTS. THE SHOW BOASTS ATTENDANCE OF OVER 12,000 EACH YEAR. THE ANNUAL ART SHOW OF OCALA INCLUDES K-12 STUDENT ART, CREATED IN VARIOUS MEDIA FORMATS, THAT IS SELECTED BY AREA ART TEACHERS TO BE INCLUDED IN A DISPLAY AT THE ANNUAL OCALA ARTS FESTIVAL EACH OCTOBER. STUDENTS RECEIVE AN HONORARIUM AWARD AND THEIR ARTISTIC CREATIONS ARE PROFESSIONALLY FRAMED AND BECOME AN OFFICIAL REGISTERED PART OF THE FINE ARTS FOR OCALA PERMANENT STUDENT COLLECTION. MEMBERSHIP IS OFFERED TO ART ENTHUSIASTS TO SUPPORT AND ATTRACT OTHER ARTISTS. MEMBERSHIP BENEFITS INCLUDE FAFO BUCKS TO SPEND AT THE ART FESTIVAL, AN INVITATION TO EXCLUSIVE EVENTS, AND AN ARTS FESTIVAL POSTER SIGNED BY A FEATURED ARTIST. UNFORTUNATELY DUE TO COVID-19 THE EVENT HAD TO BE CANCELED. TO HELP THE ARTISTS 2 SMALL ARE EXHIBITS WERE HELD INSTEAD.
THE ANNUAL SYMPHONY IS A MOTHER'S DAY EVENT FOR ALL AGES WITH A DELIGHTFUL MIXTURE OF CLASSIC AND POP MUSIC PERFORMED BY THE OCALA SYMPHONY ORCHESTRA. FAFO BRINGS THE EXPERIENCE OF LIVE SYMPHONIC MUSIC TO MANY THAT HAVE NEVER HAD THE OPPORTUNITY TO ATTEND A SYMPHONY PERFORMANCE BEFORE. THE HIGHLY ANTICIPATED EVENT DRAWS NEARLY 3,000 ATTENDEES EACH YEAR. UNFORTUNATELY DO TO COIVD-19 RESTRICTIONS THIS EVENT FOR 2020 HAD TO BE CANCELED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Cannon President | OfficerTrustee | 6 | $0 |
Jena Brooks Vice President | OfficerTrustee | 2 | $0 |
Karen Mcateer Hatch Treasurer | OfficerTrustee | 2 | $0 |
Summer Gill Secretary | OfficerTrustee | 2 | $0 |
Sagi Asokan Board Member | OfficerTrustee | 2 | $0 |
Alex Castrillo Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,482 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,548 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,146 |
| Total Program Service Revenue | $171,865 |
| Investment income | $34,594 |
| 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 | $219,605 |
| 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. | $24,075 |
| Compensation of current officers, directors, key employees. | $6,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,499 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,380 |
| Office expenses | $1,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $5,359 |
| All other expenses | $98,142 |
| Total functional expenses | $193,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,658 |
| 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 | $22,532 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $611,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $693,642 |
| 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 | $693,642 |
| 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 | $693,642 |
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