Bakehouse Art Complex Inc
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Miami, FL
- Founding
- 09/1981
- Data as of
- 09/2022
- EIN
- 59-2104864
Organization Overview
Bakehouse Art Complex Inc is located in Miami, FL. The organization was established in 1981. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Bakehouse Art Complex Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bakehouse Art Complex 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 09/2022, Bakehouse Art Complex Inc 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 10.4% each year . All expenses for the organization totaled $882.8k during the year ending 09/2022. While expenses have increased by 3.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE WORK SPACES, EXHIBITION AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO WORKING ARTISTS, AND SERVE AS A VENUE FOR CULTURAL AND EDUCATIONAL PROGRAMMING IN MIAMI'S HISTORIC ART DECO BAKERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AFFORDABLE AND SUBSIDIZED STUDIOS AND INFRASTRUCTURE FOR 70 JURIED ARTISTS AND ACCESS TO FABRICATION SPACES FOR APPROXIMATELY 40 ADDITIONAL ARTISTS. PROVIDED FREE CULTURAL PROGRAMS, ONSITE (PRE-PANDEMIC) AND ONLINE (DURING PANDEMIC), WHICH INCLUDED A RANGE OF EXHIBITIONS AND EDUCATIONAL PROGRAMMING TO ARTISTS AND MEMBERS OF THE GENERAL PUBLIC. APPROXIMATELY 30,000 PEOPLE BENEFITED AND OR PARTICIPATED IN ONSITE AND ONLINE OFFERINGS: EXHIBITIONS; CULTURAL PROGRAMS AND CONVERSATIONS; STUDIO VISITS; COMMUNITY PARTNERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Leff Executive Di | Officer | 40 | $191,666 |
Lawrence Kline Vice Preside | OfficerTrustee | 2 | $0 |
Lia Yaffar Pena Treasurer | OfficerTrustee | 2 | $0 |
Claudio Riedi Secretary | OfficerTrustee | 2 | $0 |
Jason Korman President | OfficerTrustee | 2 | $0 |
Eduard Duval-Carrie Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,864 |
| Related organizations | $0 |
| Government grants | $424,993 |
| All other contributions, gifts, grants, and similar amounts not included above | $430,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $907,517 |
| Total Program Service Revenue | $288,904 |
| Investment income | $0 |
| 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 | $1,198,887 |
| 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. | $211,067 |
| Compensation of current officers, directors, key employees. | $31,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,860 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,473 |
| Payroll taxes | $13,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $879 |
| Fees for services: Accounting | $48,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,979 |
| Advertising and promotion | $0 |
| Office expenses | $3,438 |
| Information technology | $8,604 |
| 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 | $10,919 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,307 |
| Insurance | $35,128 |
| All other expenses | $55,287 |
| Total functional expenses | $882,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,585 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $225,626 |
| 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 | $63,028 |
| Net Land, buildings, and equipment | $874,388 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,346,627 |
| Accounts payable and accrued expenses | $11,888 |
| Grants payable | $0 |
| Deferred revenue | $111,584 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $32,637 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $204,588 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $360,697 |
| Net assets without donor restrictions | $857,376 |
| Net assets with donor restrictions | $128,554 |
| 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 | $1,346,627 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bakehouse Art Complex Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Artha Foundation Inc Delray Beach, FL PURPOSE: DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Professional Photographers Of America Inc Atlanta, GA | $48,960,545 | $12,325,076 |
Georgia Association Of Manufacturers Inc Atlanta, GA | $2,700,140 | $2,292,406 |
Two Red Roses Foundation Inc St Petersburg, FL | $81,826,203 | $5,214,247 |
The Armory Art Center Inc West Palm Beach, FL | $4,340,445 | $2,084,067 |
Forward Arts Foundation Inc Atlanta, GA | $5,240,641 | $1,648,904 |
Lighthouse Artcenter Inc Tequesta, FL | $3,825,019 | $2,482,262 |
Robert Craft Igor Stravinsky Foundation boca raton, FL | $11,119,320 | $752,022 |
The Studios Of Key West Inc Key West, FL | $13,984,404 | $3,906,460 |
Palm Beach Photographic Centre Inc West Palm Beach, FL | $1,110,051 | $866,676 |
Bakehouse Art Complex Inc Miami, FL | $1,346,627 | $1,198,887 |
Ann Norton Sculpture Gardens Inc West Palm Beach, FL | $4,892,273 | $1,857,308 |
National Press Photographers Association Inc Athens, GA | $607,292 | $735,008 |