Fifty Over Fifty Inc
- Assets
- $679.8k
- Revenue
- $341.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 05/1996
- Data as of
- 06/2023
- 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 06/2023, Funding Arts Network generated $341.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $317.9k during the year ending 06/2023. While expenses have increased by 3.0% per year over the past 5 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 119 individual grants totaling $1,838,900. 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
2023
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 PROGRAM SERVICE ACCOMPLISHMENT OF THE ORGANIZATION PROVIDED MONETARY GRANTS TO 22 VISUAL AND PERFORMING ARTS ORGANIZATIONS IN MIAMI-DADE COUNTY RANGING FROM 10,000 TO 15,000 EACH. THE GRANTS PROVIDED TO THOSE ORGANIZATIONS MET THE GRANT APPLICATION GUIDELINES ADOPTED BY THE ORGANIZATIONS BOARD OF DIRECTORS AND WERE SELECTED BY A MAJORITY VOTE OF THE MEMBERSHIP. ALL ARTS ORGANIZATIONS RECIPIENTS WERE EXEMPT FROM FEDERAL INCOME TAX AS DESCRIBED IN SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OF 1986. THE ORGANIZATION IS EXTREMELY PROUD TO PLAY A SIGNIFICANT ROLE IN THE CONTINUING DEVELOPMENT OF QUALITY ARTS IN MIAMI-DADE COUNTY FLORIDA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Adler Co-Vp Member | OfficerTrustee | $0 | |
Carol Blades VP Communica | Trustee | $0 | |
Sydney Carpel Treasurer | OfficerTrustee | $0 | |
Betty Fleming Secretary | Trustee | $0 | |
Denise Gerson VP Programs | Trustee | $0 | |
Beverly Greenberg Co-Vp Grants | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $234,350 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,943 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,293 |
| Total Program Service Revenue | $0 |
| Investment income | $11,579 |
| 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 | $341,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $240,000 |
| 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 | $28,926 |
| Advertising and promotion | $0 |
| Office expenses | $2,367 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,254 |
| 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 | $1,096 |
| All other expenses | $3,185 |
| Total functional expenses | $317,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,239 |
| Savings and temporary cash investments | $512,060 |
| Pledges and grants receivable | $476 |
| 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 | $679,775 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $301,000 |
| 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 | $340 |
| Total liabilities | $301,340 |
| Net assets without donor restrictions | $192,935 |
| Net assets with donor restrictions | $185,500 |
| 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 | $679,775 |
Grants Awarded
Over the last fiscal year, Fifty Over Fifty Inc has awarded $240,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR THE ADVANCEMENT OFJEWISH EDUCATION PURPOSE: PROGRAM SUPPORT | $15,000 |
FLORIDA GRAND OPERA PURPOSE: PROGRAM SUPPORT | $10,000 |
FRIENDS OF CHAMBER MUSIC MIAMI PURPOSE: PROGRAM SUPPORT | $10,000 |
INSTITUTE OF CONTEMPORARY ART PURPOSE: PROGRAM SUPPORT | $10,000 |
MIAMI CHAMBER MUSIC SOCIETY PURPOSE: PROGRAM SUPPORT | $10,000 |
MIAMI CITY BALLET PURPOSE: PROGRAM SUPPORT | $10,000 |