Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,097,753

• 1e · Government grants (contributions)

  $222,578

• 1f · All other contributions, gifts and grants

  $11,558,782

• 1g · Noncash contributions included above

  $2,013,953

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

  total $11,713,015 · related or exempt $11,713,015

• 2b · Program service revenue: NAPLES PHILHARMONIC

  total $5,967,165 · related or exempt $5,967,165

• 2c · Program service revenue: PROCESSING FEES

  total $403,694 · related or exempt $403,694

• 2d · Program service revenue: THE BAKER MUSEUM

  total $158,187 · related or exempt $158,187

• 3 · Investment income

  total $4,113,750 · excluded $4,113,750

• 6a · Gross rents

  real property $1,244,489

• 6b · Less rental expenses

  real property $831,181

• 6c · Rental income or loss

  real property $413,308

• 6d · Net rental income or loss

  total $413,308 · excluded $413,308

• 7a · Gross sales of assets other than inventory

  securities $26,901,000

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

  securities $26,983,958

• 7c · Gain or loss

  securities -$82,958

• 7d · Net gain or loss

  total -$82,958 · excluded -$82,958

• 8a · Fundraising events: gross income

  $76,788

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

  $1,097,753

• 8b · Fundraising events: direct expenses

  $286,925

• 8c · Net income from fundraising events

  total -$210,137 · excluded -$210,137

• 10a · Gross sales of inventory

  $933,690

• 10b · Cost of goods sold

  $406,094

• 10c · Net income from sales of inventory

  total $527,596 · unrelated business $180,600 · excluded $346,996

• 11a · Other revenue: PROGRAM ADVERTISING

  total $456,824 · unrelated business $456,824

• 11b · Other revenue: HALL RENTAL

  total $448,210 · unrelated business $448,210

• 11c · Other revenue: MISCELLANEOUS INCOME

  total $130,630 · excluded $130,630

• 11e · Other revenue, total

  $1,035,664

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $45,000 · program services $45,000

• 5 · Compensation of officers, directors and key employees

  total $2,362,955 · program services $1,016,374 · management and general $792,441 · fundraising $554,140

• 7 · Other salaries and wages

  total $13,713,775 · program services $11,830,603 · management and general $1,687,337 · fundraising $195,835

• 8 · Pension plan contributions

  total $468,241 · program services $429,243 · management and general $30,988 · fundraising $8,010

• 9 · Other employee benefits

  total $1,414,336 · program services $1,262,405 · management and general $115,941 · fundraising $35,990

• 10 · Payroll taxes

  total $1,048,498 · program services $879,855 · management and general $115,373 · fundraising $53,270

• 11b · Fees: legal

  total $830,268 · program services $275,509 · management and general $552,935 · fundraising $1,824

• 11c · Fees: accounting

  total $89,711 · program services $29,769 · management and general $59,745 · fundraising $197

• 11g · Fees: other

  total $8,126,507 · program services $7,558,008 · management and general $568,499

• 12 · Advertising and promotion

  total $1,333,553 · program services $880,329 · management and general $372,503 · fundraising $80,721

• 13 · Office expenses

  total $345,417 · program services $163,002 · management and general $18,754 · fundraising $163,661

• 14 · Information technology

  total $472,619 · program services $241,242 · management and general $219,596 · fundraising $11,781

• 16 · Occupancy

  total $1,369,127 · program services $1,204,540 · management and general $159,599 · fundraising $4,988

• 17 · Travel

  total $1,801,156 · program services $1,653,609 · management and general $146,039 · fundraising $1,508

• 19 · Conferences, conventions and meetings

  total $40,572 · program services $40,572

• 20 · Interest

  total $6,320 · management and general $6,320

• 22 · Depreciation, depletion and amortization

  total $2,566,106 · program services $1,079,348 · management and general $1,486,758

• 23 · Insurance

  total $1,091,206 · program services $939,805 · management and general $151,401

• 24a · Other expenses: CREDIT CARD FEES

  total $742,332 · program services $742,332

• 24b · Other expenses: RECEPTIONS

  total $721,771 · program services $721,771

• 24c · Other expenses: EXHIBIT COSTS

  total $330,975 · program services $290,418 · management and general $5,665 · fundraising $34,892

• 24d · Other expenses: PRINTING

  total $313,873 · program services $313,873

• 24e · All other expenses

  total $192,413 · program services $136,316 · management and general $56,097

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,900 · end of year $6,850

• 2 · Savings and temporary cash investments

  beginning of year $8,582,690 · end of year $11,526,032

• 3 · Pledges and grants receivable

  beginning of year $20,922,579 · end of year $8,927,975

• 4 · Accounts receivable

  beginning of year $489,729 · end of year $368,784

• 8 · Inventories for sale or use

  beginning of year $87,447 · end of year $98,456

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,568,057 · end of year $1,638,901

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

  $100,083,942

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

  $45,387,325

• 10c · Land, buildings and equipment, net

  beginning of year $55,489,250 · end of year $54,696,617

• 11 · Investments: publicly traded securities

  beginning of year $145,681,279 · end of year $177,675,789

• 15 · Other assets

  beginning of year $1,069,010 · end of year $1,379,854

• 17 · Accounts payable and accrued expenses

  beginning of year $4,033,546 · end of year $4,580,436

• 19 · Deferred revenue

  beginning of year $7,687,514 · end of year $8,537,108

• 24 · Unsecured notes and loans payable

  beginning of year $158,483 · end of year $195,307

• 25 · Other liabilities

  beginning of year $1,022,571 · end of year $393,499

• 27 · Net assets without donor restrictions

  beginning of year $73,824,567 · end of year $75,486,154

• 28 · Net assets with donor restrictions

  beginning of year $147,170,260 · end of year $167,126,754

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: ELLEN TOMASIEWICZ, DESCRIPTION: SEVERANCE/RETIREMENT, CURRENT YEAR AMOUNT: $104,500 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 $1,244,489 · assets $16,723,197

  Directly controlled by ARTIS-NAPLES INC