Boca Raton Arts District Exploratory Corporation
- Assets
- $6.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 83-2727388
Organization Overview
Boca Raton Arts District Exploratory Corporation is located in Boca Raton, FL. The organization was established in 2019. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, 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. Boca Raton Arts District Exploratory Corporation 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, Boca Raton Arts District Exploratory Corporation generated $1.9m in total revenue. All expenses for the organization totaled $517.9k during the year ending 12/2021. While expenses have increased by 38.2% per year over the past 3 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
TO CREATE, OWN, MANAGE AND OPERATE A COMPREHENSIVE, ECONOMICALLY-VIBRANT AND SUSTAINABLE CULTURAL ARTS DESTINATION IN SOUTHERN PALM BEACH COUNTY, FLORIDA, THAT WILL BUILD AND ENHANCE ARTS AND CULTURE INFRASTRUCTURE, IMPROVE THE QUALITY OF LIFE FOR ALL RESIDENTS, AND BENEFIT ALL CONSTITUENTS, INCLUDING VISITORS AND CIVIC AND BUSINESS COMMUNITIES, PARTICULARLY THROUGH THE CULTIVATION OF THE IDEAS OF TOMORROW THROUGH THE INTERSECTION OF ARTS, TECHNOLOGICAL INNOVATION, COMMUNITY OUTREACH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE, OWN, MANAGE AND OPERATE A COMPREHENSIVE, ECONOMICALLY-VIBRANT AND SUSTAINABLE CULTURAL ARTS DESTINATION IN SOUTHERN PALM BEACH COUNTY, FLORIDA, THAT WILL BUILD AND ENHANCE ARTS AND CULTURE INFRASTRUCTURE, IMPROVE THE QUALITY OF LIFE FOR ALL RESIDENTS, AND BENEFIT ALL CONSTITUENTS, INCLUDING VISITORS AND CIVIC AND BUSINESS COMMUNITIES, PARTICULARLY THROUGH THE CULTIVATION OF THE IDEAS OF TOMORROW THROUGH THE INTERSECTION OF ARTS, TECHNOLOGICAL INNOVATION, COMMUNITY OUTREACH AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Dimaria Treasurer | OfficerTrustee | 10 | $0 |
Andrea Virgin Chairman Of The Board, President | OfficerTrustee | 50 | $0 |
Heidi Boncher Secretary | OfficerTrustee | 15 | $0 |
Matthew Cimaglia Director | Trustee | 15 | $0 |
Dan Guin Director | Trustee | 5 | $0 |
Patricia Kilgallon Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ibi Group Consulting | 12/30/20 | $140,614 |
Arts Manager Llc Consulting | 12/30/20 | $145,549 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,822,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,858,788 |
| Total Program Service Revenue | $0 |
| 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 | $1,859,773 |
| 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. | $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 | $279,905 |
| Fees for services: Legal | $73,257 |
| Fees for services: Accounting | $15,588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,031 |
| Advertising and promotion | $48,413 |
| Office expenses | $16,264 |
| 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 | $11,793 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,300 |
| All other expenses | $0 |
| Total functional expenses | $517,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,227,279 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,304,188 |
| 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 | $6,531,467 |
| Accounts payable and accrued expenses | $64,442 |
| Grants payable | $0 |
| Deferred revenue | $5,048,500 |
| 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 | $5,112,942 |
| Net assets without donor restrictions | $1,418,525 |
| 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 | $6,531,467 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Boca Raton Arts District Exploratory Corporation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raymond F Kravis Center For The Performing Arts Inc West Palm Beach, FL | $194,889,253 | $42,975,938 |
Artis-Naples Inc Naples, FL | $210,241,611 | $50,262,823 |
Ruth Eckerd Hall Inc Clearwater, FL | $58,649,898 | $27,197,367 |
Tampa Bay Performing Arts Center Tampa, FL | $46,297,228 | $24,294,667 |
The Florida Theatre Performing Arts Jacksonville, FL | $15,331,113 | $12,957,631 |
Maxwell C King Center For The Performing Arts Inc Cocoa, FL | $10,137,230 | $8,368,626 |
Rivercenter Inc Columbus, GA | $5,489,865 | $4,501,265 |
Maltz Jupiter Theatre Inc Jupiter, FL | $40,833,845 | $12,006,025 |
Opera Orlando Inc Orlando, FL | $507,305 | $2,036,240 |
Emerald Coast Theatre Company Miramar Beach, FL | $848,624 | $1,713,398 |
Zoetic Stage Inc Miami, FL | $319,976 | $861,527 |
Princess Theatre Center For The Performing Arts Decatur, AL | $709,862 | $747,473 |