Venice Art Center Inc
- Assets
- $2.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 13
- Location
- Venice, FL
- Founding
- 01/1967
- Data as of
- 12/2021
- EIN
- 59-6178294
Organization Overview
Venice Art Center Inc is located in Venice, FL. The organization was established in 1967. 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 12/2021, Venice Art Center Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venice 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 12/2021, Venice Art Center Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $541.0k during the year ending 12/2021. 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
COMMUNITY-WIDE PROGRAM OF THE ARTS, PROVIDING EDUCATION, DEVELOPMENT, AND REPRESENTATION OF THE FINE ARTS TO ADULTS, CHILDREN AND SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VENICE ART CENTER OFFERS A WIDE VARIETY OF CLASSES FOR BOTH ADULTS AND CHILDREN THAT RANGE FROM PAINTING, CERAMICS, JEWELRY, DRAWING, PHOTOGRAPHY AND WORKSHOPS.
GALLERY SALES - THE CENTER OFFERS ARTISTS THE OPPORTUNITY TO DISPLAY AND SELL THEIR ARTWORK TO THE COMMUNITY THROUGH THE CENTER.
EXHIBITION - DURING THE COURSE OF THE YEAR THE CENTER HOLDS MULTIPLE EXHIBITIONS FOR ARTISTS TO DISPLAY THEIR ARTWORK FOR THE ENRICHMENT OF THE LOCAL COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Lamond Secretary | OfficerTrustee | 5 | $0 |
Thomas Crafts President | OfficerTrustee | 5 | $0 |
Tish Scott-Murphy Vice President | OfficerTrustee | 5 | $0 |
Casey Riley Treasurer | OfficerTrustee | 5 | $0 |
Jeff Cornell Director | Trustee | 1 | $0 |
Jennifer Hazeltine Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,968 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $215,404 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,245,645 |
| Noncash contributions included in lines 1a–1f | $13,998 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,493,017 |
| Total Program Service Revenue | $217,639 |
| Investment income | $32,142 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,915 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$32,408 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,722,400 |
| 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 | $150,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,971 |
| Office expenses | $12,124 |
| Information technology | $18,052 |
| Royalties | $0 |
| Occupancy | $27,398 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,798 |
| Insurance | $45,867 |
| All other expenses | $41,983 |
| Total functional expenses | $541,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,233 |
| Savings and temporary cash investments | $105,118 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,422 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,623 |
| Prepaid expenses and deferred charges | $4,558 |
| Net Land, buildings, and equipment | $975,614 |
| Investments—publicly traded securities | $197,039 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $904,867 |
| Total assets | $2,383,474 |
| Accounts payable and accrued expenses | $12,223 |
| Grants payable | $0 |
| Deferred revenue | $19,847 |
| 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 | $4,672 |
| Total liabilities | $36,742 |
| Net assets without donor restrictions | $2,266,667 |
| Net assets with donor restrictions | $80,065 |
| 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 | $2,383,474 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Venice Art Center Inc has recieved totaling $46,177.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $26,262 |
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: ARTS & CULTURE | $9,821 |
Prior Family Charitable Trust Venice, FL PURPOSE: GENERAL | $5,075 |
Ehrhart Family Foundation Venice, FL PURPOSE: GENERAL | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Endowment Analysis
| Beg. Balance | $136,537 |
| Earnings | $25,130 |
| Admin Expense | $746 |
| Ending Balance | $160,921 |
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 |