Coral Springs Museum Of Art Inc
- Assets
- $2.0m
- Revenue
- $759.7k
- Investments
- $99.6k
- Employees
- 31
- Location
- Coral Springs, FL
- Founding
- 02/2000
- Data as of
- 09/2021
- EIN
- 65-0747980
Organization Overview
Coral Springs Museum Of Art Inc is located in Coral Springs, FL. The organization was established in 2000. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Coral Springs Museum Of Art Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coral Springs Museum Of Art 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 09/2021, Coral Springs Museum Of Art Inc generated $759.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $593.4k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CORAL SPRINGS MUSEUM OF ART, INC., (THE MUSEUM/ORGANIZATION) WAS ORGANIZED AS A NONPROFIT ORGANIZATION CHARTERED BY THE STATE OF FLORIDA AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE MISSION OF THE CORAL SPRINGS MUSEUM OF ART IS TO ENGAGE AND CONNECT OUR DIVERSE COMMUNITIES WITH DYNAMIC EXHIBITS, EXCEPTIONAL ART EDUCATION, STIMULATING SPECIALTY PROGRAMS AND INSPIRED EVENTS TO IGNITE CULTURAL ENRICHMENT.
Describe the Organization's Program Activity:
THE CORAL SPRINGS MUSEUM OF ART PROVIDES PROGRAMMING THROUGH IMPRESSIVE AND UNIQUE VISUAL ART EXHIBITIONS THAT ENCOURAGE VISITORS TO REFLECT, FEEL AND THINK AS WELL AS INSPIRE. IN TANDEM WITH NOTABLE, EXHIBITIONS CHANGING EVERY 9 WEEKS, CSMOA HOST A VARIETY OF ART WORKSHOPS, CLASSES, CAMPS FOR CHILDREN AND TEENS AND ADULTS LED BY PROFESSIONAL ARTISTS. THE MUSEUM'S EDUCATIONAL PROGRAMS INCLUDE TRADITIONAL MUSEUM TOURS, MONTHLY ARTVENTURES FAMILY DAYS AND SPECIALTY PROGRAMMING TO ADDRESS CURRENT COMMUNITY NEEDS THROUGH A VARIETY OF ARTMAKING. SPECIALIZED ART PROGRAMMING IS DESIGNED TO SERVE MEMBERS OF THE COMMUNITY AFFECTED BY ECONOMIC INSUFFICIENCY, DISABILITIES, FREE ADMISSION TO THE MUSEUM AND MANY EVENTS ENSURE THAT ART IS ACCESSIBLE TO EVERYONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Simmons Vice-Mayor Board Chair | OfficerTrustee | 1 | $0 |
Jill Brown Museum Director | Officer | 40 | $0 |
Kim Moskowitz Director Of Financial Services | Officer | 1 | $0 |
Nancy Metayer Commissioner Director | Trustee | 1 | $0 |
Shawn Cerra Commissioner Director | Trustee | 1 | $0 |
Scott Brook Mayor Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $478,939 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,078 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,017 |
| Total Program Service Revenue | $258,060 |
| Investment income | $103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,497 |
| 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 | $759,677 |
| 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. | $400,162 |
| Compensation of current officers, directors, key employees. | $282,782 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,523 |
| Pension plan accruals and contributions | $25,498 |
| Other employee benefits | $0 |
| Payroll taxes | $26,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,653 |
| Advertising and promotion | $0 |
| Office expenses | $25,742 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,274 |
| 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 | $423 |
| All other expenses | $0 |
| Total functional expenses | $593,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,255 |
| 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 | $30,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $99,620 |
| Investments—program-related | $1,800,327 |
| Intangible assets | $0 |
| Other assets | $111 |
| Total assets | $2,006,313 |
| Accounts payable and accrued expenses | $102,227 |
| 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 | $0 |
| Total liabilities | $102,227 |
| Net assets without donor restrictions | $1,904,086 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,006,313 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Coral Springs Museum Of Art Inc has recieved totaling $39.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunfest Of Palm Beach County Inc West Palm Beach, FL | $4,618,785 | $9,247,080 |
Red Mountain Theatre Company Inc Birmingham, AL | $35,964,987 | $9,815,041 |
Womans Exchange Inc Of Sarasota Sarasota, FL | $4,624,153 | $4,393,353 |
Westcoast Black Theatre Troupe Of Florida Inc Sarasota, FL | $12,672,008 | $4,333,554 |
Center For Puppetry Arts Inc Atlanta, GA | $20,916,247 | $3,804,159 |
City Springs Theatre Company Sandy Springs, GA | $2,774,850 | $2,619,384 |
Barrier Island Group For The Arts Sanibel, FL | $11,337,341 | $3,470,715 |
Savannah Music Festival Inc Savannah, GA | $2,910,137 | $2,078,517 |
Milagro Foundation Inc Delray Beach, FL | $1,748,813 | $1,736,017 |
Atlanta Music Project Inc Atlanta, GA | $5,585,624 | $4,188,962 |
International Fringe Festival Of Central Florida Inc Orlando, FL | $864,625 | $1,737,536 |
Friends Of The Lyric Inc Stuart, FL | $6,039,276 | $2,400,664 |