The Armory Art Center Inc

Organization Overview

The Armory Art Center Inc is located in West Palm Beach, FL. The organization was established in 1987. 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 06/2022, Armory Art Center Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armory Art Center 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, Armory Art Center Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 5.0% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE ARMORY ART CENTER IS TO PROVIDE ART EDUCATION TO INSPIRE THE CREATION AND EXPERIENCE OF ART IN THE COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OTHER PROGRAM SERVICES


ART SCHOOL: OVER THE COURSE OF THE YEAR, MORE THAN 800 COURSES ARE OFFERED THROUGH SIX ACADEMIC TERMS AND EDUCATE MORE THAN 3,000 STUDENTS. ON AVERAGE, 70 UNIQUE COURSES AND WORKSHOPS EACH TERM, PROVIDE AN ART EDUCATION STRUCTURED VISUAL ARTS PROGRAMS IN CERAMICS, JEWELRY, METAL SMITHING, SCULPTURE (STONE AND METAL), PAINTING, DRAWING, PRINTMAKING, PHOTOGRAPHY, FIBERS AND RELATED ARTS. STUDIO ART CLASSES ARE THOUGHT BY ACCOMPLISHED DEGREED ARTISTS AND CLASSES ARE OFFERED FOR ADULTS AND CHILDREN AGES 5 TO 90, YEAR-ROUND WITH DAY, EVENING, AND SATURDAY CLASSES OFFERED FOR ADULTS AND YOUTHS. THE SCHOOL SERVES AN ETHNICALLY AND CULTURALLY DIVERSE COMMUNITY.


YOUTH CLASSES AND THE YOUTH SUMMER CAMP: YOUTH CLASSES ARE HELD THROUGHOUT THE YEAR ALONG WITH OUR REGULAR ADULT PROGRAMMING. THE SUMMER CAMPIS 10 WEEKS LONG, DURING THE SUMMER AND SERVES KINDERGARTEN THROUGHHIGH SCHOOL. WE OFFER SCHOLARSHIPS TO THE SUMMER CAMP STUDENTS, BASEDON ECONOMIC NEED. THEY ARE AWARDED WITHOUT REGARD TO RACE, ETHNICITY ORDEMOGRAPHIC PROFILE. DURING THE YEAR CONTRIBUTIONS BY INDIVIDUALS AREDESIGNATED FOR YOUTH SCHOLARSHIPS, THESE FUNDS ARE MAINTAINED IN ASEPARATE BANK ACCOUNT AND RELEASED AS THE SCHOLARSHIPS ARE AWARDED. NOFUNDS ARE DISTRIBUTED TO THE RECIPIENTS, THE SCHOLARSHIPS ARE TUTIONFEE WAIVERS.


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Board, Officers & Key Employees

Name (title)Compensation
Tom Pearson
Former CEO
$97,505
Kathryn V Rhubee
Past CFO
$66,727
Nancy Lambreacht
Secretary
$0
Ann Brown
Secretary
$0
Janet Schur
Past Vice Chair
$0
John T Suau
CEO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$8,820
Related organizations$0
Government grants $95,108
All other contributions, gifts, grants, and similar amounts not included above$1,314,505
Noncash contributions included in lines 1a–1f $290,726
Total Revenue from Contributions, Gifts, Grants & Similar$1,418,433
Total Program Service Revenue$600,433
Investment income $14,125
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $47,019
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,084,067

Grants Recieved

Over the last fiscal year, we have identified 13 grants that The Armory Art Center Inc has recieved totaling $78,283.

Awarding OrganizationAmount
Edward T Bedford Foundation Ima

Palm Beach, FL

PURPOSE: OPERATIONAL

$20,000
$14,750
Dorothy J Thomson Charitable Fund Inc

Wales, WI

PURPOSE: GENERAL SUPPORT

$10,000
Albert Shapiro Fund Inc

St Petersburg, FL

PURPOSE: CHARITABLE

$10,000
Bmc Charitable Foundation Inc

Boca Raton, FL

PURPOSE: UNRESTRICTED

$7,500
Thomas E Harvey & Cathleen P Black Foundation

New York, NY

PURPOSE: GENERAL USE

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$625,000
Earnings$13,181
Admin Expense$13,181
Ending Balance$625,000

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