Civic Intelligence

Key Chorale Inc.

990 • Fiscal year 2016 • EIN 59-2779200

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 01, 2016

PO Box 20613Sarasota, FL 34276

(941) 366-9314

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.20x

Higher debt load relative to assets than 82% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

76th percentile

0.05x

Higher debt load relative to revenue than 76% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

50th percentile

3.3%

Higher net margin than 50% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

87th percentile

$32,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

33rd percentile

-6.4%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

76th percentile

25%

Faster revenue growth than 76% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$75,897

Down $5,209 (-6.4%) from 2015

Net Assets

Up

$60,747

Up $6,413 (+12%) from 2015

Liabilities

Down

$15,150

Down $11,622 (-43%) from 2015

Revenue

Up

$302,166

Up $59,759 (+25%) from 2015

Expenses

Up

$292,308

Up $36,103 (+14%) from 2015

Net Income

Up

$9,858

Up $23,656 (+171%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $57,397Liabilities 2011: $0Net Assets 2011: $57,3972011Assets 2012: $39,702Liabilities 2012: $7,308Net Assets 2012: $32,3942012Assets 2013: $64,794Liabilities 2013: $11,367Net Assets 2013: $53,4272013Assets 2014: $72,977Liabilities 2014: $1,867Net Assets 2014: $71,1102014Assets 2015: $81,106Liabilities 2015: $26,772Net Assets 2015: $54,3342015Assets 2016: $75,897Liabilities 2016: $15,150Net Assets 2016: $60,7472016Assets 2017: $126,151Liabilities 2017: $63,394Net Assets 2017: $62,7572017Assets 2018: $66,017Liabilities 2018: $4,715Net Assets 2018: $61,3022018Assets 2019: $90,136Liabilities 2019: $5,000Net Assets 2019: $85,1362019Assets 2020: $71,370Liabilities 2020: $20,749Net Assets 2020: $50,6212020Assets 2021: $426,099Liabilities 2021: $193,948Net Assets 2021: $232,1512021Assets 2022: $631,268Liabilities 2022: $358,819Net Assets 2022: $272,4492022Assets 2023: $715,820Liabilities 2023: $427,956Net Assets 2023: $287,8642023Assets 2024: $647,314Liabilities 2024: $351,089Net Assets 2024: $296,2252024

Highlighted filing

2016

Assets$75,897
Liabilities$15,150
Net Assets$60,747

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $197,092Expenses 2011: $204,696Net Income 2011: -$7,6042011Revenue 2012: $197,739Expenses 2012: $222,210Net Income 2012: -$24,4712012Expenses 2013: $240,0942013Revenue 2014: $264,942Expenses 2014: $249,460Net Income 2014: $15,4822014Revenue 2015: $242,407Expenses 2015: $256,205Net Income 2015: -$13,7982015Revenue 2016: $302,166Expenses 2016: $292,308Net Income 2016: $9,8582016Revenue 2017: $403,560Expenses 2017: $404,349Net Income 2017: -$7892017Revenue 2018: $391,427Expenses 2018: $393,671Net Income 2018: -$2,2442018Revenue 2019: $489,610Expenses 2019: $465,997Net Income 2019: $23,6132019Revenue 2020: $409,936Expenses 2020: $443,121Net Income 2020: -$33,1852020Revenue 2021: $568,973Expenses 2021: $386,729Net Income 2021: $182,2442021Revenue 2022: $713,744Expenses 2022: $654,716Net Income 2022: $59,0282022Revenue 2023: $850,980Expenses 2023: $844,247Net Income 2023: $6,7332023Revenue 2024: $949,712Expenses 2024: $950,840Net Income 2024: -$1,1282024

Highlighted filing

2016

Revenue$302,166
Expenses$292,308
Net Income$9,858
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 1, 2016
Return Version
2015v3.0
Gross Receipts
$313,170
Mission and Program Overview

Mission

Key chorale is dedicated to performing and promoting choral music of the highest quality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,020$23,176▲ $15,156
Cash and Non-Interest-Bearing Accounts$37,900$18,452▼ $19,448
Total Assets$81,106$75,897▼ $5,209
Other Assets Total$35,186$34,269▼ $917
Liabilities
Deferred Revenue$26,772$15,150▼ $11,622
Total Liabilities$26,772$15,150▼ $11,622
Net Assets / Fund Balance
Unrestricted Net Assets$54,334$60,747▲ $6,413
Total Net Assets Fund Balance$54,334$60,747▲ $6,413
Total Liabilities and Net Assets / Fund Balance$81,106$75,897▼ $5,209

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,782--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$35,186-▼ $755-$34,269
2014$35,594-▼ $234-$35,187
2013$30,997-▲ $4,865-$35,594
2012$27,997-▲ $3,266-$30,997
2011$53,126-▲ $491-$27,997
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joseph CaulkinsArtistic DirectorFT$32,000$32,000
Catherine VernonExecutive DiFT$20,000$20,000
Nancy Yost OlsonSecretaryPT$7,855$7,855
Lorraine MurphyDirector-$2,230$2,230
Nancy MorrisTreasurerPT$1,750$1,750

Board Members and Trustees

NameTitle
A Leslie HoldenPresident
Aida ColemanDirector
Glenn DarlingDirector
Judith EganDirector
Judith PlerhoplesDirector
Kay SemrodDirector
Marcia CorriganDirector
Matthew MayperDirector
Richard LilleyDirector
Joel MorrisonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$146,399
Program Service Revenue
$144,792
Investment Income
$2,534
Other Revenue
$8,441
All Other Contributions
$125,172
Change in Net Assets
$9,858
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$228,473
Salaries, Compensation, and Employee Benefits$63,835
Total Fundraising Expense$7,909
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$42,085$21,750-$63,835
All Other Expenses$20,830$1,775$7,909$30,514
Advertising$17,180--$17,180
Other Expenses$2,268$13,026-$15,294
Occupancy$11,016--$11,016
Fees for Services Accounting-$3,093-$3,093
Office Expenses-$2,860-$2,860
Insurance-$2,082-$2,082
Total Functional Expenses$218,913$65,486$7,909$292,308
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,445
Fundraising Direct Expenses$11,004
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Luncheons and a$19,445$19,445$11,004$8,441
Total Events$19,445$19,445$11,004$8,441
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
Yes
Annual disclosure for covered persons
No
Audit committee
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
No
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 7A

The bylaws of key chorale provide for its members to elect the members of its governing body, the board of directors.

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

The board members are provided a draft form 990 for their review. Upon review, the board votes to approve the form 990 as drafted.

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

The process for determining compensation for the executive director includes review and approval by the independent governing body which is the board of directors. Comparability data from industry trade groups, local community foundation research and other sources were reviewed by the board, and the deliberation process was recorded in the minutes of the board meeting.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public upon request, as well as through its profile found on the giving partner website sponsored by the community foundation of sarasota county, gulf coast community foundation, the patterson foundation, and the manatee community foundation.

Filing and Contact Details

Filer

Filer Name
Key Chorale Inc
EIN
59-2779200
Phone
9413669314
Address
PO BOX 20613, SARASOTA, FL 34276

Signing Officer

Name
A Leslie Holden
Title
President
Phone
9419214845
Signed
2016-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
A Leslie Holden
Formed
1985
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
25

Preparer

Firm
Pellegrino Honick Mcfarland & Miller Pa
Address
1800 2ND ST STE 810, SARASOTA, FL 34236-5987
Preparer
Marc a Miller
Phone
9413651172
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Music 10,495 0 0 printing and publications 8,326 0 0 postage and shipping 0 975 5,998 grant expense 0 0 1,911 photography 1,125 0 0 t-shirts 884 0 0 telephone 0 800 0

Form 990, Part XI, Line 9

In-kind expenses 0 in-kind expenses -19,048 total -19,048

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IRS990/OtherExpensesGrp/TotalAmt120900
IRS990/OtherExpensesGrp/TotalAmt216569
IRS990/OtherExpensesGrp/TotalAmt315294
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0A LESLIE HOLDEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TICKET AND MUSIC SALES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2MUSIC SALES
IRS990/ProgramServiceRevenueGrp/Desc3ADMINISTRATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt095552
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt132585
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211525
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35130
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt095552
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt132585
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211525
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35130
IRS990/ProgSrvcAccomActy2Grp/Desc0THE SECOND HALF OF THE SEASON INCLUDED A PERFORMANCE, AGAIN AT FIRST CHURCH, OF BACH'S "MAGNIFICAT- AND BEETHOVEN'S "MASS IN C MAJOR". KEY CHORALE ALSO HAD TWO PERFORMANCES AT THE BIG TOP IN COLLABORATION WITH THE CIRCUS ARTS CONSERVATORY IN MARCH. THIS COLLABORATION IS KNOWN AS CIRQUE DES VOIX. THE FINAL CONCERT WAS "TOMORROW'S VOICES TODAY", PERFORMED AT RIVERVIEW HIGH SCHOOL, INCLUDED THE PARTICIPATION OF THREE LOCAL HIGH SCHOOLS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0109454
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt090973
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02576
IRS990/PYOtherExpensesAmt0203970
IRS990/PYOtherRevenueAmt019064
IRS990/PYProgramServiceRevenueAmt0129794
IRS990/PYRevenuesLessExpensesAmt0-13798
IRS990/PYSalariesCompEmpBnftPaidAmt052235
IRS990/PYTotalExpensesAmt0256205
IRS990/PYTotalRevenueAmt0242407
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt09858
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08020
IRS990/SavingsAndTempCashInvstGrp/EOYAmt023176
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0146399
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt090973
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0136388
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0126067
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt079914
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0579741
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02534
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02576
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02402
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01298
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01087
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09897
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0164237
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0129794
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0145619
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0144917
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0117067
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0701634
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02534
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02576
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02402
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01298
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01087
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09897
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99230
IRS990ScheduleA/PublicSupportPY509Pct00.99230
IRS990ScheduleA/PublicSupportTotal509Amt01281375
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0310636
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0220767
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0282007
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0270984
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0196981
IRS990ScheduleA/Total509Grp/TotalAmt01281375
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0313170
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0223343
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0284409
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0272282
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0198068
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01291272
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0163
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt035186
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt034269
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-755
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0173
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt035594
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt035187
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-234
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0268
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt030997
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt035594
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04865
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0266
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt027997
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt030997
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03266
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0293
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt053126
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt027997
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt025327
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0491
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt031487
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12782
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0GULF COAST COMMUNITY FOUNDATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1THE COMMUNITY FOUNDATION OF SARASOTA
IRS990ScheduleD/TotalBookValueOtherAssetsAmt034269
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011004
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0LUNCHEONS AND A
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt019445
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt019445
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019445
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt019445
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt08441
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011004
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011004
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BYLAWS OF KEY CHORALE PROVIDE FOR ITS MEMBERS TO ELECT THE MEMBERS OF ITS GOVERNING BODY, THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS ARE PROVIDED A DRAFT FORM 990 FOR THEIR REVIEW. UPON REVIEW, THE BOARD VOTES TO APPROVE THE FORM 990 AS DRAFTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR INCLUDES REVIEW AND APPROVAL BY THE INDEPENDENT GOVERNING BODY WHICH IS THE BOARD OF DIRECTORS. COMPARABILITY DATA FROM INDUSTRY TRADE GROUPS, LOCAL COMMUNITY FOUNDATION RESEARCH AND OTHER SOURCES WERE REVIEWED BY THE BOARD, AND THE DELIBERATION PROCESS WAS RECORDED IN THE MINUTES OF THE BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, AS WELL AS THROUGH ITS PROFILE FOUND ON THE GIVING PARTNER WEBSITE SPONSORED BY THE COMMUNITY FOUNDATION OF SARASOTA COUNTY, GULF COAST COMMUNITY FOUNDATION, THE PATTERSON FOUNDATION, AND THE MANATEE COMMUNITY FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MUSIC 10,495 0 0 PRINTING AND PUBLICATIONS 8,326 0 0 POSTAGE AND SHIPPING 0 975 5,998 GRANT EXPENSE 0 0 1,911 PHOTOGRAPHY 1,125 0 0 T-SHIRTS 884 0 0 TELEPHONE 0 800 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN-KIND EXPENSES 0 IN-KIND EXPENSES -19,048 TOTAL -19,048
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.47$3.51$2.96$9.50$9.51$0.01
2023Detailed filing. Detailed filing data is available for this year.$7.16$4.28$2.88$8.51$8.44$0.07
2022Detailed filing. Detailed filing data is available for this year.$6.31$3.59$2.72$7.14$6.55$0.59
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$1.94$2.32$5.69$3.87$1.82
2020Detailed filing. Detailed filing data is available for this year.$0.71$0.21$0.51$4.10$4.43$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.90$0.05$0.85$4.90$4.66$0.24
2018Detailed filing. Detailed filing data is available for this year.$0.66$0.05$0.61$3.91$3.94$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.26$0.63$0.63$4.04$4.04$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.76$0.15$0.61$3.02$2.92$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.81$0.27$0.54$2.42$2.56$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.73$0.02$0.71$2.65$2.49$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.11$0.53$2.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.07$0.32$1.98$2.22$0.24
2011Summary only. Only limited summary data is available for this year.$0.57$0.00$0.57$1.97$2.05$0.08