Civic Intelligence

Bill Edwards Foundation for the Arts Inc

990 • Fiscal year 2017 • EIN 20-0198707

Jul 01, 2016 to Jun 30, 2017 • Filed on Jul 25, 2018

6090 Central AvenueSt Petersburg, FL 33707

(727) 851-9500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

50th percentile

0.09x

Higher debt load relative to assets than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

34th percentile

0.04x

Higher debt load relative to revenue than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

15th percentile

-18%

Higher net margin than 15% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

67th percentile

$95,346

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

4th percentile

-29%

Faster asset growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

34th percentile

-1.0%

Faster revenue growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,472,677

Down $614,894 (-29%) from 2016

Net Assets

Down

$1,335,940

Down $610,813 (-31%) from 2016

Liabilities

Down

$136,737

Down $4,081 (-2.9%) from 2016

Revenue

Down

$3,447,371

Down $36,096 (-1.0%) from 2016

Expenses

Up

$4,058,184

Up $267,550 (+7.1%) from 2016

Net Income

Down

-$610,813

Down $303,646 (-99%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2013: $1,219,936Liabilities 2013: $44,103Net Assets 2013: $1,175,8332013Assets 2014: $1,590,218Liabilities 2014: $28,738Net Assets 2014: $1,561,4802014Assets 2015: $2,287,936Liabilities 2015: $34,016Net Assets 2015: $2,253,9202015Assets 2016: $2,087,571Liabilities 2016: $140,818Net Assets 2016: $1,946,7532016Assets 2017: $1,472,677Liabilities 2017: $136,737Net Assets 2017: $1,335,9402017Assets 2018: $1,183,650Liabilities 2018: $541,703Net Assets 2018: $641,9472018Assets 2019: $1,321,242Liabilities 2019: $184,894Net Assets 2019: $1,136,3482019Assets 2020: $1,482,466Liabilities 2020: $388,687Net Assets 2020: $1,093,7792020Assets 2021: $1,340,843Liabilities 2021: $280,381Net Assets 2021: $1,060,4622021Assets 2022: $1,392,913Liabilities 2022: $368,783Net Assets 2022: $1,024,1302022Assets 2023: $1,504,707Liabilities 2023: $395,340Net Assets 2023: $1,109,3672023Assets 2024: $1,367,177Liabilities 2024: $424,604Net Assets 2024: $942,5732024

Highlighted filing

2017

Assets$1,472,677
Liabilities$136,737
Net Assets$1,335,940

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $1,427,949Expenses 2013: $270,987Net Income 2013: $1,156,9622013Revenue 2014: $3,653,088Expenses 2014: $3,267,441Net Income 2014: $385,6472014Revenue 2015: $5,375,500Expenses 2015: $4,645,947Net Income 2015: $729,5532015Revenue 2016: $3,483,467Expenses 2016: $3,790,634Net Income 2016: -$307,1672016Revenue 2017: $3,447,371Expenses 2017: $4,058,184Net Income 2017: -$610,8132017Revenue 2018: $4,439,638Expenses 2018: $5,133,631Net Income 2018: -$693,9932018Revenue 2019: $6,507,809Expenses 2019: $6,013,408Net Income 2019: $494,4012019Revenue 2020: $3,932,491Expenses 2020: $3,975,060Net Income 2020: -$42,5692020Revenue 2021: $401,302Expenses 2021: $434,619Net Income 2021: -$33,3172021Revenue 2022: $2,703,944Expenses 2022: $2,740,276Net Income 2022: -$36,3322022Revenue 2023: $4,732,725Expenses 2023: $4,647,488Net Income 2023: $85,2372023Revenue 2024: $4,296,837Expenses 2024: $4,463,631Net Income 2024: -$166,7942024

Highlighted filing

2017

Revenue$3,447,371
Expenses$4,058,184
Net Income-$610,813
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jul 25, 2018
Return Version
2016v3.1
Gross Receipts
$3,447,371
Mission and Program Overview

Mission

Our mission is to educate, engage and entertain everyone in our community through the performing arts, with an emphasis on culturally diverse programming.

Bill edwards foundation for the arts, inc. Is committed to supporting and presenting all genres of the performing arts at the mahaffey theater and throughout the st. Petersburg, florida are; funding arts education for school children and providing its member patorns with unequaled services, entertinaing and cultural experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,576,913$1,101,910▼ $475,003
Pledges and Grants Receivable$393,033$252,310▼ $140,723
Accounts Receivable-$457-
Total Assets$2,087,571$1,472,677▼ $614,894
Other Assets Total$117,625$118,000▲ $375
Liabilities
Accounts Payable and Accrued Expenses$42,969$94,337▲ $51,368
Deferred Revenue$78,921$42,400▼ $36,521
Other Liabilities$18,928--
Total Liabilities$140,818$136,737▼ $4,081
Net Assets / Fund Balance
Unrestricted Net Assets$1,946,753$1,335,940▼ $610,813
Total Net Assets Fund Balance$1,946,753$1,335,940▼ $610,813
Total Liabilities and Net Assets / Fund Balance$2,087,571$1,472,677▼ $614,894

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$118,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Julie MastryDirectorFT$95,346$95,346

Board Members and Trustees

NameTitle
Rob KapustaChairman
Anthony SullivanDirector
Bill EdwardsDirector
Bob ChurutiDirector
Carol MerrittDirector
Mark MahaffeyDirector
Michele LigonDirector
Rhonda ShearDirector
Terry MccartheyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$446,294
Program Service Revenue
$3,001,077
Investment Income
$0
Other Revenue
$0
All Other Contributions
$446,294
Change in Net Assets
$-610,813

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,447,371
Total Revenue per Audited Statements
$3,447,371
Total Revenue per Form 990
$3,447,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,702,407
Salaries, Compensation, and Employee Benefits$355,777
Total Fundraising Expense$123,257
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$355,960$33,502$29,314$418,776
Other Salaries and Wages$214,227$29,663$85,691$329,581
Insurance-$49,500-$49,500
Payroll Taxes$17,027$2,358$6,811$26,196
Occupancy$12,644$1,190$1,041$14,875
Travel$9,432--$9,432
Fees for Services Legal-$8,007-$8,007
Office Expenses$4,859$457$400$5,716
Other Expenses$160,000$5,145-$5,145
All Other Expenses$196$3,773-$3,969
Total Functional Expenses$3,801,332$133,595$123,257$4,058,184

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,058,184
Total Expenses per Audited Statements$4,058,184
Total Expenses per Form 990$4,058,184
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The tax return form 990 will be reviewed by the chairman and the ceo prior to filing.

Form 990, Page 6, Part VI, Line 12C

Board members are required to complete conflict of interest forms annually.

Form 990, Page 6, Part VI, Line 15A

The ceo of the organization is a volunteer position. No compensation.

Form 990, Page 6, Part VI, Line 15B

The ceo determines the compensation for the president, other officers and key employees.

Form 990, Page 6, Part VI, Line 19

The governing documents and the financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bill Edwards Foundation for
EIN
20-0198707
Phone
7278519500
Address
6090 CENTRAL AVENUE, ST PETERSBURG, FL 33707

Signing Officer

Name
Rob Kapusta
Title
Chairman
Phone
7278519500
Signed
2018-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Kapusta
Formed
2003
Voting Board Members
9
Independent Board Members
8
Employees
11

Preparer

Firm
Gunnchamberlain Pl
Address
4350 PABLO PROFESSIONAL CT STE 200, JACKSONVILLE, FL 32224-3224
Preparer
Donald L Drummond CPA
Phone
9042962024
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Bill edwards foundation for the arts, inc. Is committed to supporting and presenting all genres of the performing arts at the mahaffey theater and throughout the st. Petersburg, florida are; funding arts education for school children and providing its member patorns with unequaled services, entertinaing and cultural experiences.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PROGRAM SERVICE REVENUE-ADMISSIONS 2,981,685
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0446294
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0501782
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01739906
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01366193
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01354206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05408381
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03001077
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02981685
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05982762
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.47480
IRS990ScheduleA/PublicSupportPY170Pct00.62470
IRS990ScheduleA/PublicSupportTotal170Amt05408381
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0446294
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0501782
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01739906
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01366193
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01354206
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05408381
IRS990ScheduleA/TotalSupportAmt011391143
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/ExpensesSubtotalAmt04058184
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0118000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS FOR THEATRICAL PERFORMANCES
IRS990ScheduleD/RevenueSubtotalAmt03447371
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0118000
IRS990ScheduleD/TotalExpensesPerForm990Amt04058184
IRS990ScheduleD/TotalRevenuePerForm990Amt03447371
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03447371
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04058184
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BILL EDWARDS FOUNDATION FOR THE ARTS, INC. IS COMMITTED TO SUPPORTING AND PRESENTING ALL GENRES OF THE PERFORMING ARTS AT THE MAHAFFEY THEATER AND THROUGHOUT THE ST. PETERSBURG, FLORIDA ARE; FUNDING ARTS EDUCATION FOR SCHOOL CHILDREN AND PROVIDING ITS MEMBER PATORNS WITH UNEQUALED SERVICES, ENTERTINAING AND CULTURAL EXPERIENCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX RETURN FORM 990 WILL BE REVIEWED BY THE CHAIRMAN AND THE CEO PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST FORMS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CEO OF THE ORGANIZATION IS A VOLUNTEER POSITION. NO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CEO DETERMINES THE COMPENSATION FOR THE PRESIDENT, OTHER OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02087571
IRS990/TotalAssetsEOYAmt01472677
IRS990/TotalAssetsGrp/BOYAmt02087571
IRS990/TotalAssetsGrp/EOYAmt01472677
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0446294
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0123257
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0133595
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03801332
IRS990/TotalFunctionalExpensesGrp/TotalAmt04058184
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0140818
IRS990/TotalLiabilitiesEOYAmt0136737
IRS990/TotalLiabilitiesGrp/BOYAmt0140818
IRS990/TotalLiabilitiesGrp/EOYAmt0136737
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01946753
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01335940
IRS990/TotalProgramServiceExpensesAmt03801332
IRS990/TotalProgramServiceRevenueAmt03001077
IRS990/TotalReportableCompFromOrgAmt095346
IRS990/TotalRevenueGrp/ExclusionAmt03001077
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03447371
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02087571
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01472677
IRS990/TravelGrp/ProgramServicesAmt09432
IRS990/TravelGrp/TotalAmt09432
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01946753
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01335940
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06090 CENTRAL AVENUE
IRS990/USAddress/CityNm0ST PETERSBURG
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033707
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.THEMAHAFFEY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROB KAPUSTA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07278519500
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BILL EDWARDS FOUNDATION FOR
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0THE ARTS INC
ReturnHeader/Filer/BusinessNameControlTxt0BILL
ReturnHeader/Filer/EIN0200198707
ReturnHeader/Filer/PhoneNum07278519500
ReturnHeader/Filer/USAddress/AddressLine1Txt06090 CENTRAL AVENUE
ReturnHeader/Filer/USAddress/CityNm0ST PETERSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033707
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId055AE7535142443B093D99F44933AB17E0B5A3563
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0232BFA7FE10A69206DE56DCCA0FA5777E39336B9
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461041593
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GUNNCHAMBERLAIN PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04350 PABLO PROFESSIONAL CT STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSONVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0322243224
ReturnHeader/PreparerPersonGrp/PhoneNum09042962024
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DONALD L DRUMMOND CPA
ReturnHeader/ReturnTs02018-07-26T16:08:32-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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