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← BEAUX ARTS OF THE LOWE ART MUSEUM OF THE UNIVERSITY OF MIAMI INC

Form 990 for tax year 2024

Filed by BEAUX ARTS OF THE LOWE ART MUSEUM OF THE UNIVERSITY OF MIAMI INC.

Totals

Total revenue
$429,957
Total expenses
$127,114
Contributions and grants received
$70,103
Grants paid
$0
Program service revenue
$100,519
Investment income
$42,343
Other revenue
$216,992
Total assets, end of year
$1,390,855
Total liabilities, end of year
$5,404
Net assets or fund balances, end of year
$1,385,451
Program services expenses (Part IX)
$97,043
Management and general expenses
$30,071
Fundraising expenses
$0
Program service expenses (Part III)
$97,043

Program services were 76.3% 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

    $44,875

  • 1f · All other contributions, gifts and grants

    $25,228

  • 2a · Program service revenue: CHILDREN'S ART CLASSES

    total $100,519 · related or exempt $100,519

  • 3 · Investment income

    total $35,783 · excluded $35,783

  • 7a · Gross sales of assets other than inventory

    securities $6,560

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

    securities $0

  • 7c · Gain or loss

    securities $6,560

  • 7d · Net gain or loss

    total $6,560 · related or exempt $6,560

  • 8a · Fundraising events: gross income

    $490,802

  • 8b · Fundraising events: direct expenses

    $289,592

  • 8c · Net income from fundraising events

    total $201,210 · excluded $201,210

  • 11a · Other revenue: SPECIAL PROJECTS

    total $14,574 · related or exempt $14,574

  • 11b · Other revenue: OTHER REVENUE

    total $1,208 · related or exempt $1,208

  • 11e · Other revenue, total

    $15,782

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $14,077 · program services $14,077

  • 10 · Payroll taxes

    total $3,186 · program services $3,186

  • 11c · Fees: accounting

    total $4,050 · program services $4,050

  • 13 · Office expenses

    total $1,213 · program services $1,213

  • 14 · Information technology

    total $1,943 · program services $972 · management and general $971

  • 23 · Insurance

    total $10,688 · program services $4,275 · management and general $6,413

  • 24a · Other expenses: STUDENT ARTIST SHOWCASE

    total $17,805 · program services $17,805

  • 24b · Other expenses: CHILDREN'S PAVILION

    total $12,971 · management and general $12,971

  • 24c · Other expenses: SPECIAL PROJECTS

    total $9,522 · management and general $9,522

  • 24d · Other expenses: ENDOWMENT FUND EXPENSES

    total $9,194 · program services $9,194

  • 24e · All other expenses

    total $42,465 · program services $42,271 · management and general $194

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $182,381 · end of year $383,634

  • 11 · Investments: publicly traded securities

    beginning of year $951,986 · end of year $1,007,221

  • 17 · Accounts payable and accrued expenses

    end of year $701

  • 25 · Other liabilities

    beginning of year $4,711 · end of year $4,703

  • 27 · Net assets without donor restrictions

    beginning of year $1,129,656 · end of year $1,385,451

Mission and programs · 2024

Mission

BEAUX ARTS IS A VOLUNTEER ORGANIZATION WHOSE PURPOSE IS TO ENCOURAGE AN UNDERSTANDING AND APPRECIATION OF THE ARTS IN SOUTH FLORIDA. ALL PROCEEDS FROM BEAUX ARTS GO TO SERVE THIS PURPOSE. THIS INCLUDES OFFERING OUTREACH PROGRAMS TO CHILDREN IN THE COMMUNITY, SUCH AS HANDS ON! AND THE STUDENT ARTIST SHOWCASE, WHERE CHILDREN HAVE OPPORTUNITIES TO LEARN ABOUT ART AND PARTICIPATE IN THE ARTISTIC PROCESS. BEAUX ARTS ALSO SPONSORS A FESTIVAL OF ART EVERY YEAR AT NO COST TO THE PATRONS. FINALLY, BEAUX ARTS PROVIDES SUPPORT TO THE LOWE ART MUSEUM BY ASSISTING WITH IMPORTANT ART ACQUISITIONS, CONTRIBUTING TO THE MUSEUM'S ONGOING OPERATION, AND BY ENHANCING ITS EDUCATIONAL PROGRAMMING AND OUTREACH.

Activities or mission (Part I)

BEAUX ARTS IS A NONPROFIT ORGANIZATION WHOSE PURPOSE IS TO PROMOTE INTEREST AND PROVIDE SUPPORT TO THE LOWE ART MUSEUM OF THE UNIVERSITY OF MIAMI.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $97,043 · Revenue $122,861

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Francesca Valdes

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20
  • Ansley Campbell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    20
  • Cory Cuthbertson

    CO-CORRESPONDING SECRETARY

    Total calculated
    $0
    Hours/week
    20
  • Meghan Assapimonwait

    RECORDING SECRETARY

    Total calculated
    $0
    Hours/week
    20
  • Reed Humphery

    TREASURER

    Total calculated
    $0
    Hours/week
    20
  • Dillon Coleman

    AUXILIARY TREASURER

    Total calculated
    $0
    Hours/week
    20
  • Ashley Andren

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    20
  • Jordan Kever

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    20
  • Caroline Lundberg Medeiros

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20
  • Kaitlyn Rieder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20
  • Amber Seidle-Lazo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20
  • Itzel Candelario

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20
  • Taryn Gordon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20
  • Ann Fonts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20
  • Lindley Leclerc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20
  • Katie Henriques Goldstritch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20
  • Monica Mase

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20
  • Caitlin Hallingby

    CO-CORRESPONDING SECRETARY

    Total calculated
    $0
    Hours/week
    0
  • Chelsea Sarason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20
  • Monica Sanchez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20
  • Ruth Carruthers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20
  • Carson Policastro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
6 April 2026
IRS schema version
2024v5.5
Source object
202610989349301631

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