Civic Intelligence

Grace Arts Center Inc.

990EZ • Fiscal year 2015 • EIN 35-2420731

Jan 01, 2015 to Dec 31, 2015 • Filed on May 06, 2016

816 SE 8th StreetFort Lauderdale, FL 33316

(954) 816-3324

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

12th percentile

-38%

Faster asset growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

92nd percentile

88%

Faster revenue growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$21,062

Down $12,776 (-38%) from 2014

Net Assets

Down

$21,062

Down $12,776 (-38%) from 2014

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$72,753

Up $33,965 (+88%) from 2014

Expenses

Up

$85,529

Up $45,971 (+116%) from 2014

Net Income

Down

-$12,776

Down $12,006 (-1559%) from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2014: $33,838Net Assets 2014: $33,8382014Assets 2015: $21,062Net Assets 2015: $21,0622015Assets 2016: $31,952Net Assets 2016: $31,9522016Assets 2017: $2,027,893Liabilities 2017: $0Net Assets 2017: $2,027,8932017Assets 2018: $3,333,257Liabilities 2018: $0Net Assets 2018: $3,333,2572018Assets 2019: $6,051,485Liabilities 2019: $1Net Assets 2019: $6,051,4842019Assets 2020: $5,984,430Liabilities 2020: $0Net Assets 2020: $5,984,4302020Assets 2021: $6,213,412Liabilities 2021: $0Net Assets 2021: $6,213,4122021Assets 2022: $2,615,864Liabilities 2022: $0Net Assets 2022: $2,615,8642022Assets 2023: $2,787,324Liabilities 2023: $43,590Net Assets 2023: $2,743,7342023Assets 2024: $2,857,753Liabilities 2024: $42,390Net Assets 2024: $2,815,3632024

Highlighted filing

2015

Assets$21,062
Liabilities-
Net Assets$21,062

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $38,788Expenses 2014: $39,558Net Income 2014: -$7702014Revenue 2015: $72,753Expenses 2015: $85,529Net Income 2015: -$12,7762015Revenue 2016: $83,503Expenses 2016: $72,613Net Income 2016: $10,8902016Revenue 2017: $2,121,276Expenses 2017: $125,335Net Income 2017: $1,995,9412017Revenue 2018: $1,481,476Expenses 2018: $176,112Net Income 2018: $1,305,3642018Revenue 2019: $2,769,714Expenses 2019: $51,487Net Income 2019: $2,718,2272019Revenue 2020: $120,740Expenses 2020: $21,001Net Income 2020: $99,7392020Revenue 2021: $258,501Expenses 2021: $146,422Net Income 2021: $112,0792021Revenue 2022: $277,168Expenses 2022: $211,304Net Income 2022: $65,8642022Revenue 2023: $521,661Expenses 2023: $350,201Net Income 2023: $171,4602023Revenue 2024: $404,749Expenses 2024: $319,749Net Income 2024: $85,0002024

Highlighted filing

2015

Revenue$72,753
Expenses$85,529
Net Income-$12,776
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 6, 2016
Return Version
2015v2.0
Gross Receipts
$72,753
Mission and Program Overview

Mission

Our mission is to identify and foster future artists by maximizing donations, grants, and in-kind professional talent to produce present programs that embrace tradition, maintain excellence, create opportunities for innovation in arts related fields of sciences humanities.

Programs of a variety of arts for all ages.

Program Services

DescriptionGrantsExpenses
THEATRE PROGRAM DEVELOPMENT & PERFORMANCE: APPROXIMATELY 4,500 PEOPLE BENEFITTED BECAUSE ENTERTAINMENT WAS PROVIDED AT LOWER THAN MARKET COST BY LOCAL ARTISTS.$50,972-
DEVELOP VISUAL ARTS WHICH ARE PERFORMED FOR EDUCATIONAL PURPOSES. 1,500 PEOPLE WERE SERVED BY THE PROGRAM, INCLUDING STUDENTS, FAMILIES, & ELDERLY ADULTS.$25,918-
DEVELOPING ARTISTIC & CULTURAL PROGRAMS FOR PERFORMANCE & EDUCATIONAL PURPOSES. APPROXIMATELY 6,550 PERSONS BENEFITTED BECAUSE CLASSES OR PERFORMANCES WERE EITHER FREE OR SUBSIDIZED.$8,639-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CLARE VICKERYDirectorPT$0--
DAVID BENJAMINDirector-$0--
TROY INCHDirector-$0--
Filing and Contact Details

Filer

Filer Name
Grace Arts Center Inc
EIN
35-2420731
Phone
9548163324
Address
816 SE 8TH STREET, FORT LAUDERDALE, FL 33316

Signing Officer

Name
Clare Vickery
Title
Director
Signed
2016-05-06
Discuss with paid preparer
Yes

Preparer

Firm
Jason a Wach CPA Pa
Address
1995 E OAKLAND PARK BLVD STE 205, FORT LAUDERDALE, FL 33306
Preparer
Jason a Wach CPA
Phone
9545684225
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - FORM 990-EZ, PAGE 2, LINE 24, OTHER ASSETSLEASEHOLD IMPROVEMENTS 14,987SECURITY DEPOSITS 4,118TOTAL 19,105GRACE ARTS CENTER, INC. HAS ACTED TO RECOVER THE VALUEOF THE ABOVE ASSETS IN CASH THROUGH A LAWSUIT FOR BREACH OF CONTRACT VERSUS THE FORMER LANDLORD. THE HOLLAND & KNIGHT LAW FIRM IS ASSISTING.

Other Expenses.1005

Travel $3428

Other Expenses.1

Theatre production-creative $28679

Other Expenses.2

Educational program $15000

Other Expenses.3

VISUAL ARTS $15000

Other Expenses.4

Theatre performance/rehearsals $11459

Other Expenses.5

Theatre - costumes/rentals $7416

Other Expenses.7

FILING FEES $150

Other Assets.1

LEASHOLD IMPROVEMENTS - Beginning $14987 LEASHOLD IMPROVEMENTS - Ending $14987

Other Assets.2

SECURITY DEPOSITS - Beginning $4118 SECURITY DEPOSITS - Ending $4118

Raw XML Appendix173 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client Note 1 - FORM 990-EZ, PAGE 2, LINE 24, OTHER ASSETSLEASEHOLD IMPROVEMENTS 14,987SECURITY DEPOSITS 4,118TOTAL 19,105GRACE ARTS CENTER, INC. HAS ACTED TO RECOVER THE VALUEOF THE ABOVE ASSETS IN CASH THROUGH A LAWSUIT FOR BREACH OF CONTRACT VERSUS THE FORMER LANDLORD. THE HOLLAND & KNIGHT LAW FIRM IS ASSISTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $3428
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THEATRE PRODUCTION-CREATIVE $28679
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THEATRE - COSTUMES/RENTALS $7416
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ReturnHeader/BuildTS02016-09-27 15:27:22Z
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ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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Filings