Business For The Arts Of Broward Inc
- Assets
- $110.4k
- Revenue
- $272.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 65-0151424
Organization Overview
Business For The Arts Of Broward Inc is located in Fort Lauderdale, FL. The organization was established in 1990. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Business For The Arts Of Broward 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, Business For The Arts Of Broward Inc generated $272.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $204.6k during the year ending 12/2021. While expenses have increased by 5.7% 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
ADVOCATE & EDUCATE ABOUT THE IMPORTANCE OF THE COUNTY'S ART & CULTURAL COMMUNITY AS WELL AS TO RECOGNIZE THE CONNECTION BETWEEN CULTURAL VITALITY, CREATIVE SUCCESS, & ECONOMIC DEV
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAC GRANT AWARD: ENGAGES BUSINESS & BUSINESS LEADERS TO ADVOCATE & EDUCATE ABOUT THE IMPORTANCE OF THE COUNTY'S ART & CULTURAL COMMUNITY AS WELL AS TO RECOGNIZE THE CONNECTION BETWEEN CULTURAL VITALITY, CREATIVE SUCCESS, & ECONOMIC DEVELOPMENT.
ARTS & STROLL: ENGAGES BUSINESS & BUSINESS LEADERS TO ADVOCATE & EDUCATE ABOUT THE IMPORTANCE OF THE COUNTY'S ART & CULTURAL COMMUNITY AS WELL AS TO RECOGNIZE THE CONNECTION BETWEEN CULTURAL VITALITY, CREATIVE SUCCESS, & ECONOMIC DEVELOPMENT.
ARTS & SOMM: ENGAGES BUSINESS & BUSINESS LEADERS TO ADVOCATE & EDUCATE ABOUT THE IMPORTANCE OF THE COUNTY'S ART & CULTURAL COMMUNITY AS WELL AS TO RECOGNIZE THE CONNECTION BETWEEN CULTURAL VITALITY, CREATIVE SUCCESS, & ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jarett S Levan Chairman Emeritus | OfficerTrustee | 10 | $0 |
Joey Epstein CPA Vice Chairman | OfficerTrustee | 10 | $0 |
Eris Sandler Treasurer | OfficerTrustee | 1 | $0 |
Maria Pierson Secretary | OfficerTrustee | 1 | $0 |
Brian R Kopelowitz ESQ Immediate Past Chairman | Trustee | 1 | $0 |
Robyn Vegas Director Of Programs | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $49,762 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,262 |
| Total Program Service Revenue | $201,280 |
| 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 | $272,542 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $55,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| 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 | $0 |
| 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 | $0 |
| All other expenses | $67,177 |
| Total functional expenses | $204,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,434 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $110,434 |
| 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 | $28,352 |
| Total liabilities | $28,352 |
| Net assets without donor restrictions | $0 |
| 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 | $82,082 |
| Total liabilities and net assets/fund balances | $110,434 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Business For The Arts Of Broward Inc has recieved totaling $69,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: ARTS AND CULTURE | $40,000 |
Bbx Capital Foundation Inc Fort Lauderdale, FL PURPOSE: ADDITIONAL SUPPORT FOR THE LAS OLAS MURAL | $21,500 |
Susie And Alan B Levan Family Foundation Inc Fort Lauderdale, FL PURPOSE: CHARITABLE | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Arts Of Central Florida Inc Orlando, FL | $7,262,760 | $11,256,012 |
Gwinnett Championship Foundation Inc Duluth, GA | $476,337 | $4,123,025 |
Digital Convergence Alliance Inc Tampa, FL | $2,233,099 | $3,394,790 |
Cobb Community Foundation Inc Atlanta, GA | $18,425,025 | $3,579,591 |
Creative City Collaborative Of Delray Beach Inc Delray Beach, FL | $1,041,652 | $1,722,998 |
School Of The Arts Foundation Inc West Palm Beach, FL | $10,434,549 | $1,851,470 |
Art Culture And Entertainment Inc Pensacola, FL | $146,996 | $1,084,283 |
I Love Music Tour Inc Jacksonville, FL | -$30,381 | $604,942 |
Nasyonbonsamariten Hollywood, FL | $12,299 | $594,257 |
Grsp Foundation Savannah, GA | $15,605,177 | $1,060,324 |
Thomas Dubois Hormel Foundation Inc Fort Lauderdale, FL | $7,512,533 | $223,029 |
Friends With Benefits Fund Augusta, GA | $3,687 | $377,157 |