Beaux Arts Of The Lowe Art Museum Of The University Of Miami Inc
- Assets
- $1.0m
- Revenue
- $292.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Coral Gables, FL
- Founding
- 05/1963
- Data as of
- 05/2022
- EIN
- 59-6131426
Organization Overview
Beaux Arts Of The Lowe Art Museum Of The University Of Miami Inc is located in Coral Gables, FL. The organization was established in 1963. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Beaux Arts Of The Lowe Art Museum Of The University Of Miami Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beaux Arts Of The Lowe Art Museum Of The University Of Miami 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 05/2022, Beaux Arts Of The Lowe Art Museum Of The University Of Miami Inc generated $292.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $88.0k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (19.3%) per year over the past 7 years. 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
BEAUX ARTS IS A NONPROFIT ORGANIZATION WHOSE PURPOSE IS TO PROMOTE INTEREST AND PROVIDE SUPPORT TO THE LOWE ART MUSEUM OF THE UNIVERSITY OF MIAMI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEAUX ARTS IS A VOLUNTEER ORGANIZATION WHOSE PURPOSE IS TO ENCOURAGE AN UNDERSTANDING AND APPRECIATION OF THE ARTS IN SOUTH FLORIDA. ALL PROCEEDS FROM BEAUX ARTS GO TO SERVE THIS PURPOSE. THIS INCLUDES OFFERING OUTREACH PROGRAMS TO CHILDREN IN THE COMMUNITY, SUCH AS HANDS ON! AND THE STUDENT ARTIST SHOWCASE, WHERE CHILDREN HAVE OPPORTUNITIES TO LEARN ABOUT ART AND PARTICIPATE IN THE ARTISTIC PROCESS. BEAUX ARTS ALSO SPONSORS A FESTIVAL OF ART EVERY YEAR AT NO COST TO PATRONS. THIS EVENT DRAWS ARTISTS IN A VARIETY OF MEDIUMS, EXPOSING THE COMMUNITY AT LARGE TO NUMEROUS FORMS OF VISUAL ART. BEAUX ARTS HOSTS AN ANNUAL COSTUME BALL IN ORDER TO RAISE MONEY TO SUPPORT YOUTH ART PROGRAMS. FINALLY, BEAUX ARTS PROVIDES SUPPORT TO THE LOWE ART MUSEUM BY ASSISTING WITH IMPORTANT ART ACQUISITIONS, CONTRIBUTING TO THE MUSEUM'S COLLECTION WHICH FURTHER PROVIDES THE COMMUNITY EXPOSURE AND APPRECIATION TO ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Sanchez Vice President | OfficerTrustee | 10 | $0 |
Elizabeth Green President | OfficerTrustee | 10 | $0 |
Callie Buck Corresponding Secretary | OfficerTrustee | 10 | $0 |
Monica Mase Recording Secretary | OfficerTrustee | 10 | $0 |
Stephanie Demos-Brown Treasurer | OfficerTrustee | 10 | $0 |
Ashley Andren Auxiliary Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,925 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,496 |
| Total Program Service Revenue | $78,993 |
| Investment income | $32,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,961 |
| Net Income from Fundraising Events | $44,413 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,127 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,363 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,233 |
| Information technology | $1,282 |
| 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 | $5,514 |
| All other expenses | $19,303 |
| Total functional expenses | $88,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,345 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $876,110 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,042,455 |
| 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 | $4,641 |
| Total liabilities | $4,641 |
| Net assets without donor restrictions | $1,037,814 |
| 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 | $1,042,455 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Beaux Arts Of The Lowe Art Museum Of The University Of Miami Inc has recieved totaling $20,029.
| Awarding Organization | Amount |
|---|---|
Fifty Over Fifty Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
Fifty Over Fifty Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Endowment Analysis
| Beg. Balance | $868,893 |
| Earnings | $7,217 |
| Ending Balance | $876,110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Broward Performing Arts Foundation Inc Fort Lauderdale, FL | $22,267,625 | $6,295,369 |
Alabama Educational Television Foundation Authority Birmingham, AL | $11,749,441 | $5,899,982 |
Udt-Seal Museum Association Inc Fort Pierce, FL | $11,703,499 | $4,225,376 |
Tampa Bay Performing Arts Center Foundation Inc Tampa, FL | $58,693,450 | $5,079,168 |
Bellingrath Gardens And Home Foundation Inc Theodore, AL | $4,998,208 | $3,680,917 |
Sarasota Performing Arts Center Foundation Inc Sarasota, FL | $17,775,293 | $3,231,495 |
The Callanwolde Foundation Inc Atlanta, GA | $3,540,357 | $1,973,152 |
Birmingham Negro Southern League Museum Foundation Birmingham, AL | $525,950 | $1,055,962 |
John & Mable Ringling Museum Of Art Foundation Sarasota, FL | $7,269,339 | $1,949,232 |
Liberty Regional Medical Center Inc Hinesville, GA | $65,773 | $1,307,530 |
Friends Of The Uffizi Gallery Inc Palm Beach, FL | $431,458 | $549,429 |
Jacksonville Symphony Foundationinc Jacksonville, FL | $11,614,969 | $1,244,585 |