Bonnet House Inc
- Assets
- $26.3m
- Revenue
- $3.5m
- Investments
- $6.1m
- Employees
- 45
- Location
- Fort Lauderdale, FL
- Founding
- 04/1992
- Data as of
- 06/2022
- EIN
- 65-0161955
Organization Overview
Bonnet House Inc is located in Fort Lauderdale, FL. The organization was established in 1992. As of 06/2022, Bonnet House Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bonnet House 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 06/2022, Bonnet House Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 0.4% 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
CELEBRATING THE STORY OF FREDERIC AND EVELYN BARTLETT, WE PRESERVE THE ART, HISTORY AND NATURE OF BONNET HOUSE, PROVIDING INSPIRATION AND RESPITE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE, MAINTAIN AND OPERATE THE BONNET HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Schavloske Chief Executive Officer | Officer | 40 | $149,687 |
Darla Lynn Stanton Director Of Development | 40 | $102,297 | |
Nicholle Maudlin Chief Operating Officer | Officer | 40 | $69,066 |
James B Labate Vice Chair | OfficerTrustee | 5 | $0 |
Maxine Streeter Secretary | OfficerTrustee | 5 | $0 |
Joey Epstein Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $112,299 |
| Fundraising events | $93,672 |
| Related organizations | $0 |
| Government grants | $524,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $962,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,693,559 |
| Total Program Service Revenue | $649,933 |
| Investment income | $522,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $482,875 |
| Net Gain/Loss on Asset Sales | -$42,941 |
| Net Income from Fundraising Events | $129,338 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $90,813 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,525,986 |
| 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. | $238,505 |
| Compensation of current officers, directors, key employees. | $26,236 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $704,311 |
| Pension plan accruals and contributions | $42,596 |
| Other employee benefits | $99,344 |
| Payroll taxes | $73,576 |
| 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 | $31,203 |
| Fees for services: Other | $229,049 |
| Advertising and promotion | $151,415 |
| Office expenses | $83,100 |
| 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 | $24,620 |
| Insurance | $91,408 |
| All other expenses | $3,060 |
| Total functional expenses | $2,082,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,352 |
| Savings and temporary cash investments | $854,829 |
| Pledges and grants receivable | $19,070 |
| Accounts receivable, net | $13,110 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,940 |
| Prepaid expenses and deferred charges | $68,501 |
| Net Land, buildings, and equipment | $14,726,032 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,120,663 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,449,482 |
| Total assets | $26,296,979 |
| Accounts payable and accrued expenses | $63,671 |
| Grants payable | $0 |
| Deferred revenue | $231,898 |
| 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 | $0 |
| Total liabilities | $295,569 |
| Net assets without donor restrictions | $4,725,470 |
| Net assets with donor restrictions | $21,275,940 |
| 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 | $26,296,979 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bonnet House Inc has recieved totaling $62,507.
| Awarding Organization | Amount |
|---|---|
Steinhilber Weiser Foundation Inc Fort Lauderdale, FL PURPOSE: CHARITABLE | $28,020 |
Judith Ann Linnell Foundation Pennington, NJ PURPOSE: GENERAL OPERATING | $19,237 |
H I Foundation Inc Fort Lauderdale, FL PURPOSE: TO PROVIDE SUPPORT TO THE HISTORICAL MUSEUM FOR PRESERVATIONS AND THE MAINTENANCE AND OPERATIONS | $10,000 |
Bill Kent Family Foundation Inc Fort Lauderdale, FL PURPOSE: CHARITABLE PROGRAMS | $5,000 |
The Handley Foundation Inc Fort Lauderdale, FL PURPOSE: ENVIRONMENTAL | $250 |
Endowment Analysis
| Beg. Balance | $2,957,926 |
| Earnings | -$412,668 |
| Admin Expense | $72,886 |
| Ending Balance | $2,472,372 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Latin Academy Of Recording Arts & Sciences Inc Miami, FL | $39,115,078 | $23,723,068 |
Jorge M Perez Art Museum Of Miami Dade County Inc Miami, FL | $170,476,765 | $20,155,933 |
South Florida Pbs Inc Boynton Beach, FL | $14,560,451 | $12,247,643 |
Atlanta Educational Telecommunications Collaborative Atlanta, GA | $9,527,387 | $16,413,589 |
The Greater Charlotte Cultural Trust Charlotte, NC | $173,742,321 | $2,357,736 |
Norton Museum Of Art Inc West Palm Beach, FL | $222,458,211 | $26,618,274 |
Tampa Bay Performing Arts Center Tampa, FL | $46,297,228 | $24,294,667 |
Atlanta Historical Society Inc Atlanta, GA | $186,882,791 | $33,828,707 |
North Carolina Symphony Society Inc Raleigh, NC | $32,524,457 | $22,246,893 |
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Dr Phillips Center For The Performing Arts Inc Orlando, FL | $72,410,407 | $23,068,254 |
Cheekwood Botanical Garden And Museum Of Art Nashville, TN | $58,316,106 | $17,726,545 |