Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,104,581

• 1e · Government grants (contributions)

  $299,930

• 1f · All other contributions, gifts and grants

  $21,111,511

• 1g · Noncash contributions included above

  $1,576,988

• 2a · Program service revenue: PRESENTING & EDUCATION ACTIVITIES

  total $9,745,877 · related or exempt $9,745,877

• 2b · Program service revenue: NAPLES PHILHARMONIC

  total $5,314,521 · related or exempt $5,314,521

• 2c · Program service revenue: PROCESSING FEES

  total $278,954 · related or exempt $278,954

• 2d · Program service revenue: THE BAKER MUSEUM

  total $117,086 · related or exempt $117,086

• 3 · Investment income

  total $2,519,768 · excluded $2,519,768

• 6a · Gross rents

  real property $1,191,123

• 6b · Less rental expenses

  real property $747,006

• 6c · Rental income or loss

  real property $444,117

• 6d · Net rental income or loss

  total $444,117 · excluded $444,117

• 7a · Gross sales of assets other than inventory

  securities $26,870,000

• 7b · Less cost or other basis and sales expenses

  securities $25,815,154

• 7c · Gain or loss

  securities $1,054,846

• 7d · Net gain or loss

  total $1,054,846 · excluded $1,054,846

• 8a · Fundraising events: gross income

  $178,399

• 8a · Fundraising events: contributions included on line 1c

  $1,104,581

• 8b · Fundraising events: direct expenses

  $341,880

• 8c · Net income from fundraising events

  total -$163,481 · excluded -$163,481

• 10a · Gross sales of inventory

  $695,911

• 10b · Cost of goods sold

  $370,107

• 10c · Net income from sales of inventory

  total $325,804 · unrelated business $141,057 · excluded $184,747

• 11a · Other revenue: PROGRAM ADVERTISING

  total $411,804 · unrelated business $411,804

• 11b · Other revenue: HALL RENTAL

  total $304,884 · unrelated business $304,884

• 11c · Other revenue: MISCELLANEOUS INCOME

  total $240,600 · excluded $240,600

• 11e · Other revenue, total

  $957,288

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $39,000 · program services $39,000

• 5 · Compensation of officers, directors and key employees

  total $1,905,287 · program services $806,279 · management and general $780,053 · fundraising $318,955

• 7 · Other salaries and wages

  total $12,561,941 · program services $10,798,740 · management and general $1,365,644 · fundraising $397,557

• 8 · Pension plan contributions

  total $336,637 · program services $267,875 · management and general $44,918 · fundraising $23,844

• 9 · Other employee benefits

  total $1,433,776 · program services $1,248,476 · management and general $115,719 · fundraising $69,581

• 10 · Payroll taxes

  total $942,159 · program services $801,506 · management and general $91,880 · fundraising $48,773

• 11b · Fees: legal

  total $982,723 · program services $364,618 · management and general $618,105

• 11c · Fees: accounting

  total $87,605 · program services $31,193 · management and general $55,101 · fundraising $1,311

• 11f · Fees: investment management

  total $1,281 · management and general $1,281

• 11g · Fees: other

  total $7,138,964 · program services $6,593,075 · management and general $531,968 · fundraising $13,921

• 12 · Advertising and promotion

  total $1,315,748 · program services $899,804 · management and general $342,140 · fundraising $73,804

• 13 · Office expenses

  total $295,058 · program services $232,861 · management and general $17,672 · fundraising $44,525

• 14 · Information technology

  total $399,991 · program services $215,236 · management and general $175,120 · fundraising $9,635

• 16 · Occupancy

  total $1,370,237 · program services $1,203,913 · management and general $161,697 · fundraising $4,627

• 17 · Travel

  total $1,461,781 · program services $1,380,886 · management and general $73,466 · fundraising $7,429

• 19 · Conferences, conventions and meetings

  total $49,870 · program services $49,870

• 20 · Interest

  total $30,992 · management and general $30,992

• 22 · Depreciation, depletion and amortization

  total $2,393,944 · program services $1,061,674 · management and general $1,332,270

• 23 · Insurance

  total $962,057 · program services $828,301 · management and general $133,756

• 24a · Other expenses: RECEPTIONS

  total $689,726 · program services $549,765 · fundraising $139,961

• 24b · Other expenses: CREDIT CARD FEES

  total $550,017 · program services $550,017

• 24c · Other expenses: PRINTING

  total $350,396 · program services $350,396

• 24d · Other expenses: EXHIBIT COSTS

  total $323,154 · program services $295,130 · management and general $1,422 · fundraising $26,602

• 24e · All other expenses

  total $449,801 · program services $219,664 · management and general $230,137

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,405 · end of year $6,900

• 2 · Savings and temporary cash investments

  beginning of year $7,467,732 · end of year $8,582,690

• 3 · Pledges and grants receivable

  beginning of year $11,986,244 · end of year $20,922,579

• 4 · Accounts receivable

  beginning of year $439,617 · end of year $489,729

• 8 · Inventories for sale or use

  beginning of year $67,942 · end of year $87,447

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,326,180 · end of year $1,568,057

• 10a · Land, buildings and equipment: cost or other basis

  $101,221,202

• 10b · Land, buildings and equipment: accumulated depreciation

  $45,731,952

• 10c · Land, buildings and equipment, net

  beginning of year $56,148,676 · end of year $55,489,250

• 11 · Investments: publicly traded securities

  beginning of year $130,906,717 · end of year $145,681,279

• 15 · Other assets

  beginning of year $1,894,098 · end of year $1,069,010

• 17 · Accounts payable and accrued expenses

  beginning of year $3,269,214 · end of year $4,033,546

• 19 · Deferred revenue

  beginning of year $6,447,425 · end of year $7,687,514

• 24 · Unsecured notes and loans payable

  beginning of year $37,487 · end of year $158,483

• 25 · Other liabilities

  beginning of year $1,310,592 · end of year $1,022,571

• 27 · Net assets without donor restrictions

  beginning of year $73,687,298 · end of year $73,824,567

• 28 · Net assets with donor restrictions

  beginning of year $125,489,595 · end of year $147,170,260

The filer's explanations (Part III)

PART I, LINE 1A

PELICAN BAY CLUB AND NAPLES YACHT CLUB DUES REIMBURSED TO CEO. TO BE USED FOR DONOR AND CULTIVATION MEETINGS/LUNCHES

PART I, LINE 1B

THERE IS NO PERSONAL USE OF THE MEMBERSHIP, ONLY BUSINESS RELATED

PART I, LINE 3

SALARY STUDIES ARE NOW COMPLETED EVERY TWO YEARS

PART I, LINE 4A

NAME: GLENN BASHAM, DESCRIPTION: SEVERANCE/RETIREMENT, CURRENT YEAR AMOUNT: $100,000. PLAN DESCRIPTION: SEVERANCE/RETIREMENT

PART I, LINE 7

STAFF AND SENIOR LEADERSHIP GIVEN BONUSES BASED ON BOARD AND LEADERSHIP INPUT

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• PHIL LLC

  LESSOR OF COMMERCIAL PROPERTY · FL · income $1,191,123 · assets $3,435,680

  Directly controlled by ARTIS-NAPLES INC