Fifty Over Fifty Inc
- Assets
- $761.0k
- Revenue
- $314.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 05/1996
- Data as of
- 06/2022
- EIN
- 65-0630460
Organization Overview
Fifty Over Fifty Inc, operating under the name Funding Arts Network, is located in Miami, FL. The organization was established in 1996. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Funding Arts Network 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, Funding Arts Network generated $314.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $486.3k during the year ending 06/2022. While expenses have increased by 11.2% 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.
Since 2019, Funding Arts Network has awarded 97 individual grants totaling $1,598,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO SUPPORTING AND ENHANCING THE VISUAL AND PERFORMING ARTS PROGRAMS OFFERED IN MIAMI-DADE COUNTY BY PROVIDING MEMBER- SUPPORTED GRANTS TO ARTS PROVIDERS, CAPACITY-BUILDING WORKSHOPS TO GRANT APPLICANTS, AND EDUCATIONAL AND SOCIAL PROGRAMS FOR MEMBERS TO ENCOURAGE GREATER INVOLVEMENT, APPRECIATION, AND AWARENESS OF THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FINANCIALLY SUPPORTS ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAX, AS DESCRIBED IN SECTION 501 OF THE INTERNAL REVENUE CODE OF 1986 AS IT MAY HAVE BEEN AMENDED OR CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW. THE ORGANIZATION PROVIDES GRANTS TO ORGANIZATIONS WITHIN MIAMI-DADE COUNTY, FLORIDA THAT SUPPORT THE ORGANIZATION'S MISSION.
THE ORGANIZATION FINANCIALLY SUPPORTS ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAX, AS DESCRIBED IN SECTION 501 OF THE INTERNAL REVENUE CODE OF 1986 AS IT MAY HAVE BEEN AMENDED OR CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW. THE ORGANIZATION PROVIDES GRANTS TO ORGANIZATIONS WITHIN MIAMI-DADE COUNTY, FLORIDA THAT SUPPORT THE ORGANIZATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Greenberg VP Of Grants | OfficerTrustee | $0 | |
Sara Adler VP Of Member | OfficerTrustee | $0 | |
Deborah Hoffman Founding Pr | OfficerTrustee | $0 | |
Betty Fleming Secretary | OfficerTrustee | $0 | |
Terry Kaplan Director | OfficerTrustee | $0 | |
Audrey Weiner Vice Preside | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $214,475 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,818 |
| Total Program Service Revenue | $0 |
| Investment income | $1,262 |
| 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 | $314,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $430,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,674 |
| Advertising and promotion | $0 |
| Office expenses | $4,220 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $948 |
| 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 | $1,233 |
| All other expenses | $987 |
| Total functional expenses | $486,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,307 |
| Savings and temporary cash investments | $700,843 |
| Pledges and grants receivable | $800 |
| 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 | $760,950 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $406,500 |
| 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 | $1,445 |
| Total liabilities | $407,945 |
| Net assets without donor restrictions | $146,561 |
| Net assets with donor restrictions | $206,444 |
| 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 | $760,950 |
Grants Awarded
Over the last fiscal year, Fifty Over Fifty Inc has awarded $860,000 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: PROGRAM SUPPORT | $60,000 |
Miami, FL PURPOSE: PROGRAM SUPPORT | $60,000 |
Miami, FL PURPOSE: PROGRAM SUPPORT | $50,000 |
Miami, FL PURPOSE: PROGRAM SUPPORT | $50,000 |
Miami, FL PURPOSE: PROGRAM SUPPORT | $35,000 |
Miami, FL PURPOSE: PROGRAM SUPPORT | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Fifty Over Fifty Inc has recieved totaling $21,809.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $8,303 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,636 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $6,350 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mightycause Charitable Foundation Marianna, FL | $5,250,687 | $68,928,948 |
Tim Tebow Foundation Inc Jacksonville, FL | $44,406,420 | $40,166,030 |
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Elaine Nicpon Marieb Charitable Foundation Naples, FL | $63,080,385 | $8,696,635 |
The Florida Concrete Masonry Education Council Inc Gainesville, FL | $2,957,826 | $3,367,750 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Jk And Db Gulley Mem Tuw J K Gulley Tr Orlando, FL | $0 | $486,471 |
Recovery Research Network Foundation Inc Atlantis, FL | $303,889 | $1,495,637 |
Geo Group Foundation Inc Boca Raton, FL | $194,115 | $1,477,065 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Alabama Symphony Endowment Birmingham, AL | $18,611,694 | $1,402,512 |