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Nonprofiteer
← FUNDING ARTS BROWARD INC

Form 990 for tax year 2023

Filed by FUNDING ARTS BROWARD INC.

Totals

Total revenue
$654,261
Total expenses
$637,063
Contributions and grants received
$575,765
Grants paid
$400,000
Program service revenue
$32,854
Investment income
$45,642
Other revenue
$0
Total assets, end of year
$2,529,244
Total liabilities, end of year
$659,780
Net assets or fund balances, end of year
$1,869,464
Program services expenses (Part IX)
$532,833
Management and general expenses
$59,750
Fundraising expenses
$44,480
Program service expenses (Part III)
$532,833

Program services were 83.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $237,075

  • 1f · All other contributions, gifts and grants

    $338,690

  • 2a · Program service revenue: FAB PROGRAMS

    total $32,854 · related or exempt $32,854

  • 3 · Investment income

    total $45,096 · excluded $45,096

  • 7a · Gross sales of assets other than inventory

    securities $546

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

    securities $0

  • 7c · Gain or loss

    securities $546

  • 7d · Net gain or loss

    total $546 · excluded $546

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $400,000 · program services $400,000

  • 4 · Benefits paid to or for members

    total $28,894 · program services $28,894

  • 7 · Other salaries and wages

    total $109,972 · program services $54,986 · management and general $32,992 · fundraising $21,994

  • 10 · Payroll taxes

    total $8,623 · program services $4,311 · management and general $2,587 · fundraising $1,725

  • 11c · Fees: accounting

    total $5,674 · program services $2,837 · management and general $1,702 · fundraising $1,135

  • 11f · Fees: investment management

    total $3,016 · program services $3,016

  • 12 · Advertising and promotion

    total $55,781 · program services $25,562 · management and general $15,337 · fundraising $14,882

  • 16 · Occupancy

    total $8,426 · program services $4,213 · management and general $2,528 · fundraising $1,685

  • 22 · Depreciation, depletion and amortization

    total $782 · program services $535 · management and general $154 · fundraising $93

  • 23 · Insurance

    total $2,306 · program services $1,126 · management and general $708 · fundraising $472

  • 24a · Other expenses: ADMINISTRATIVE

    total $11,400 · program services $5,700 · management and general $3,420 · fundraising $2,280

  • 24b · Other expenses: MERCHANT FEES

    total $2,160 · program services $1,640 · management and general $312 · fundraising $208

  • 24c · Other expenses: BANK FEES

    total $29 · program services $13 · management and general $10 · fundraising $6

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,474 · end of year $19,820

  • 2 · Savings and temporary cash investments

    beginning of year $798,240 · end of year $1,072,708

  • 3 · Pledges and grants receivable

    beginning of year $1,287,971 · end of year $1,003,400

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

    $4,091

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

    $2,384

  • 10c · Land, buildings and equipment, net

    beginning of year $782 · end of year $1,707

  • 12 · Investments: other securities

    beginning of year $207,546 · end of year $431,609

  • 17 · Accounts payable and accrued expenses

    end of year $11,250

  • 18 · Grants payable

    beginning of year $539,950 · end of year $647,200

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,330

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,782,063 · end of year $1,869,464

Mission and programs · 2023

Mission

FUNDING ARTS BROWARD SUPPORTS, SUSTAINS AND ENRICHES THE ARTS IN OUR COMMUNITY.

  • FUNDING ARTS BROWARD AWARDED 36 ART ORGANIZATIONS GRANTS RANGING FROM $3,000 TO $12,500 TO SUPPORT PERFORMANCES AND EXHIBITIONS IN BROWARD COUNTY.

    Expenses $330,244 · Grants $283,000

  • FUNDING ARTS BROWARD (FAB) SUPPORTS ORGANIZATIONS BEYOND GIVING GRANTS VIA SEVERAL PROGRAMS DESIGNED TO INTRODUCE THE GRANTEES TO FAB MEMBERS, CORPORATE PARTNERS, AND GUESTS. MANY FAB MEMBERS GO ON TO BECOME PATRONS AND DIRECT DONORS TO THE ORGANIZATIONS THAT FUNDING ARTS BROWARD HAS FUNDED WITH A GRANT.

    Expenses $73,491 · Revenue $32,854

  • FUNDING ARTS BROWARD AWARDED 10 GRANTS TO 10 ARTS ORGANIZATIONS IN THE CATEGORY OF ARTS EDUCATIONS TARGETED TO THE K12 AGE GROUPS. GRANT AWARDS WERE BETWEEN $3,000 AND $10,000.

    Expenses $129,098 · Grants $117,000

As filed on the 2023 return.

Listed in Part VII

  • MARY RIEDEL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    12

  • JENNIFER O'FLANNERY ANDERSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • CRAIG WILSON

    TREASURER

    Total calculated
    $0
    Hours/week
    6

  • ANGEL BURGOS

    SECRETARY

    Total calculated
    $0
    Hours/week
    6

  • DR DENISE PATRICK ST BELL

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • STEVE SCHERMER

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • MONA BENTZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SCOTT CLEARWATER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DR DEBORAH FLOYD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MIKE HARTSTEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL HORSWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WAYNE LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ELEANORE LEVY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JODI JEFFREYS-TANNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ELISSA MOGILEFSKY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SALLY O'LOUGHLIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JUDY ZUCKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOY SATTERLEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARK WISNIEWSKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443199349303564

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