Civic Intelligence

Sarasota Performing Arts Center

EIN 59-2807055 • 501(c)3 • Sarasota, FL

Profile

To create and sustain a vibrant performing arts center, advance education, and enrich communities by inspiring minds through the power of the arts.

201 CocoanutSarasota, FL 34236

www.performingartsfoundation.o

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.03x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.09x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

83rd percentile

35%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

80th percentile

20%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

72%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$19,855,305

Up $3,270,075 (+20%) from 2023

Liabilities

Down

$650,450

Down $16,534 (-2.5%) from 2023

Net Assets

Up

$19,204,855

Up $3,286,609 (+21%) from 2023

Revenue

Up

$7,586,178

Up $3,180,246 (+72%) from 2023

Expenses

Down

$4,935,616

Down $691,929 (-12%) from 2023

Net Income

Up

$2,650,562

Up $3,872,175 (+317%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $2,481,491Liabilities 2010: $16,662Net Assets 2010: $2,464,8292010Assets 2011: $2,746,045Liabilities 2011: $13,249Net Assets 2011: $2,732,7962011Assets 2012: $3,109,004Liabilities 2012: $25,286Net Assets 2012: $3,083,7182012Assets 2013: $3,520,371Liabilities 2013: $23,724Net Assets 2013: $3,496,6472013Assets 2014: $3,923,805Liabilities 2014: $27,417Net Assets 2014: $3,896,3882014Assets 2015: $4,050,376Liabilities 2015: $142,026Net Assets 2015: $3,908,3502015Assets 2016: $4,730,493Liabilities 2016: $257,920Net Assets 2016: $4,472,5732016Assets 2017: $15,165,571Liabilities 2017: $139,656Net Assets 2017: $15,025,9152017Assets 2018: $16,028,584Liabilities 2018: $161,340Net Assets 2018: $15,867,2442018Assets 2019: $16,378,010Liabilities 2019: $99,591Net Assets 2019: $16,278,4192019Assets 2020: $16,336,238Liabilities 2020: $207,253Net Assets 2020: $16,128,9852020Assets 2021: $17,775,293Liabilities 2021: $359,211Net Assets 2021: $17,416,0822021Assets 2022: $17,058,536Liabilities 2022: $421,571Net Assets 2022: $16,636,9652022Assets 2023: $16,585,230Liabilities 2023: $666,984Net Assets 2023: $15,918,2462023Assets 2024: $19,855,305Liabilities 2024: $650,450Net Assets 2024: $19,204,8552024

Highlighted filing

2024

Assets$19,855,305
Liabilities$650,450
Net Assets$19,204,855

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $954,9842010Expenses 2011: $914,0812011Expenses 2012: $721,5442012Expenses 2013: $848,6692013Revenue 2014: $1,350,624Expenses 2014: $1,074,531Net Income 2014: $276,0932014Revenue 2015: $1,549,039Expenses 2015: $1,396,011Net Income 2015: $153,0282015Revenue 2016: $1,724,660Expenses 2016: $1,372,084Net Income 2016: $352,5762016Revenue 2017: $11,996,932Expenses 2017: $1,663,702Net Income 2017: $10,333,2302017Revenue 2018: $2,774,406Expenses 2018: $2,023,218Net Income 2018: $751,1882018Revenue 2019: $1,953,071Expenses 2019: $1,486,866Net Income 2019: $466,2052019Revenue 2020: $2,600,280Expenses 2020: $2,500,616Net Income 2020: $99,6642020Revenue 2021: $3,231,495Expenses 2021: $2,603,413Net Income 2021: $628,0822021Revenue 2022: $4,442,648Expenses 2022: $3,805,384Net Income 2022: $637,2642022Revenue 2023: $4,405,932Expenses 2023: $5,627,545Net Income 2023: -$1,221,6132023Revenue 2024: $7,586,178Expenses 2024: $4,935,616Net Income 2024: $2,650,5622024

Highlighted filing

2024

Revenue$7,586,178
Expenses$4,935,616
Net Income$2,650,562

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.9$0.65$19.2$7.59$4.94$2.65
2023Detailed filing. Detailed filing data is available for this year.$16.6$0.67$15.9$4.41$5.63$1.22
2022Detailed filing. Detailed filing data is available for this year.$17.1$0.42$16.6$4.44$3.81$0.64
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$0.36$17.4$3.23$2.60$0.63
2020Summary only. Only limited summary data is available for this year.$16.3$0.21$16.1$2.60$2.50$0.10
2019Summary only. Only limited summary data is available for this year.$16.4$0.10$16.3$1.95$1.49$0.47
2018Detailed filing. Detailed filing data is available for this year.$16.0$0.16$15.9$2.77$2.02$0.75
2017Detailed filing. Detailed filing data is available for this year.$15.2$0.14$15.0$12.0$1.66$10.3
2016Detailed filing. Detailed filing data is available for this year.$4.73$0.26$4.47$1.72$1.37$0.35
2015Detailed filing. Detailed filing data is available for this year.$4.05$0.14$3.91$1.55$1.40$0.15
2014Detailed filing. Detailed filing data is available for this year.$3.92$0.03$3.90$1.35$1.07$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.02$3.50$0.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.11$0.03$3.08$0.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$0.01$2.73$0.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$0.02$2.46$0.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$17,400,753
Mission and Program Overview

Mission

To create and sustain a vibrant performing arts center, advance education, and enrich communities by inspiring minds through the power of the arts.

The sarasota performing arts foundation's mission is to be a preeminent destination for the performing arts in the nation by offering extraordinary cultural and educational experiences that enrich our community, inspire minds, and manifest the power of the arts. The foundation has partnered with the van wezel performing arts hall since 1987 to support arts education throughout our region. It serves up to 50,000 students and their families annually through the provision of enriching arts-based education opportunities and professional development for more than 400 teachers across five counties. The sarasota performing arts foundation is leading the vision to build a new sarasota performing arts center in partnership with the city, and in collaboration with the bay park conservancy and van wezel performing arts hall.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$15,400,593$19,350,610▲ $3,950,017
Pledges and Grants Receivable$359,084$218,090▼ $140,994
Cash and Non-Interest-Bearing Accounts$15,250$201,273▲ $186,023
Prepaid Expenses and Deferred Charges$42,748$45,008▲ $2,260
Land, Buildings, and Equipment, Net$54,132$37,974▼ $16,158
Accounts Receivable$20,488--
Savings and Temporary Cash Investments$692,935$2,350▼ $690,585
Total Assets$16,585,230$19,855,305▲ $3,270,075
Liabilities
Accounts Payable and Accrued Expenses$493,394$650,450▲ $157,056
Deferred Revenue$173,590$0▼ $173,590
Total Liabilities$666,984$650,450▼ $16,534
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,366,681$12,234,517▼ $1,132,164
Net Assets With Donor Restrictions$2,551,565$6,970,338▲ $4,418,773
Total Net Assets Fund Balance$15,918,246$19,204,855▲ $3,286,609
Total Liabilities and Net Assets / Fund Balance$16,585,230$19,855,305▲ $3,270,075

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$37,974$209,615$247,589

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$6,148,259-▲ $915,994-$7,064,253
2022$5,717,941-▲ $618,092-$6,148,259
2021$15,771,522-▼ $1,005,415$9,048,166$5,717,941
2020$15,676,274-▲ $1,420,374$766,419$15,771,522
2019$15,384,272$100,303▲ $191,699-$15,676,274
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark ColeChief Advancemt Offcr Thru Sept 2023FT$183,047$15,343$198,390
Shannon RoddyVice PresidentFT$154,234$24,743$178,977
Kelli MaldonadoExecutive DirectorFT$140,704$15,902$156,606
Laura HennesseyCOO Thru June 2023FT$122,045$8,458$130,503
Suzanne Hudson-smithDirector Leadership Giving Thru Oct 2023FT$101,595$13,367$114,962
Cheryl MendelsonCEO Thru May 2023FT$89,537$3,093$92,630

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Paratus Group Ii INCConsulting552 BROADWAY RM 6N, New York, NY 10012$839,189
Kimley-horn And AssociatesConsulting421 FAYETTEVILLE ST SUITE 600, Raleigh, NC 27601$152,716
Invisible Ventures LLCConsulting1421 BOULEVARD OF THE ARTS, Sarasota, FL 34236$149,250
Williams Parker Harrison Dietz & GetzenLegal Services50 CENTRAL AVE 8TH FL, Sarasota, FL 34236$117,204
Russell Reynolds Associates INCExecutive Recruitment277 PARK AVENUE SUITE 3800, New York, NY 10172$108,282
Revenue and Support

Revenue Composition

Contributions and Grants
$7,019,336
Program Service Revenue
$0
Investment Income
$876,953
Other Revenue
$-310,111
All Other Contributions
$5,845,223
Change in Net Assets
$2,650,562

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,536,235
Revenue Not Reported on Financial Statements
$49,943
Revenue Not Reported on Form 990
$845,644
Total Revenue per Audited Statements
$8,381,879
Total Revenue per Form 990
$7,586,178
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,906,218
Salaries, Compensation, and Employee Benefits$1,429,744
Total Fundraising Expense$667,169
Grants and Similar Amounts Paid$599,654
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,355,234$261,851$46,155$1,663,240
Other Salaries and Wages$497,132$193,549$287,362$978,043
Grants to Domestic Orgs$591,154--$591,154
Current Officers, Directors, Trustees, and Key Employees$214,998$15,277$46,731$277,006
Fees for Services Legal$137,207$15,188$4,473$156,868
Travel$90,912$22,144$3,355$116,411
Other Expenses$3,207$103,849$2,519$109,575
Payroll Taxes$43,449$12,881$20,535$76,865
Fees for Services Lobbying$60,553--$60,553
Other Employee Benefits$31,116$6,662$20,377$58,155
Fees for Service Investment Mgmnt Fees-$49,943-$49,943
Pension Plan Contributions$21,527$4,471$13,677$39,675
All Other Expenses$13,290$17,502$3,916$34,708
Fees for Services Accounting-$32,400-$32,400
Advertising$28,389--$28,389
Insurance-$16,967-$16,967
Depreciation Depletion$808$1,616$13,735$16,159
Grants to Domestic Individuals$8,500--$8,500
Total Functional Expenses$3,388,083$880,364$667,169$4,935,616

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,095,270
Total Expenses per Form 990$4,935,616
Expenses per Audited Statements$4,885,673
Expenses Not Reported on Form 990$209,597
Expenses Not Reported on Financial Statements$49,943
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Van Wezel Performing Arts Hall City of SarasotaSarasota, FLCity of SarasotaDirect Support to Van Wezel Performing Arts Hall, Including Community Education/outreach, Special Programs, Beautification and Unique Equipment Needs.$0
Van Wezel Performing Arts Hall City of SarasotaSarasota, FLCity of SarasotaPassthrough Grants$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$456,553
Fundraising Gross Income$142,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$1,257,997$142,000$166,020$-24,020
Total Events$1,257,997$142,000$456,553$-314,553
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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 35% controlled entity
No
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, Part VI, Section B, Line 11B

Board members are provided a copy of form 990 for review before it is filed with the irs.

Form 990, Part VI, Section B, Line 12C

All members receive a copy and sign an agreement stating that they have read and received a copy of the policy.

Form 990, Part VI, Section B, Line 15

The ceo's compensation is determined by a committee which works together to agree on salary. Compensation studies and other non-profits' 990s were reviewed as a basis for salary. The ceo is given a written employment contract.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sarasota Performing Arts Center
EIN
59-2807055
Phone
9413665578
Address
201 COCOANUT, SARASOTA, FL 34236

Signing Officer

Name
Tania Castroverde Moskalenko
Title
CEO
Phone
9413665578
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tania Castroverde Moskale
Formed
1987
Legal Domicile
Fl
Voting Board Members
20
Independent Board Members
20
Employees
15
Volunteers
30

Preparer

Firm
Kerkering Barberio & Co
Address
PO BOX 49348, SARASOTA, FL 34230-6348
Preparer
Rebecca U Stoner
Phone
9413654617
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6 Volunteers

Volunteers assist the foundation in various aspects. They participate in various committees to support the foundation's mission. Those committees are the executive committee, governance committee, strategic plan committee, arts education & community engagement committee, audit committeee and finance committee. Additionally, volunteers help prepare and carry-out all of the foundation's programmatic events.

Form 990, Part IX, Line 11G

Project direction fees: program service expenses 927,836. Management and general expenses 85,116. Fundraising expenses 31,599. Total expenses 1,044,551. Staff recruitment: program service expenses 0. Management and general expenses 137,527. Fundraising expenses 0. Total expenses 137,527. Social media & public relations: program service expenses 184,237. Management and general expenses 16,901. Fundraising expenses 6,275. Total expenses 207,413. Database platform & consulting fees: program service expenses 53,785. Management and general expenses 4,934. Fundraising expenses 1,832. Total expenses 60,551. Executive search and coaching: program service expenses 51,297. Management and general expenses 4,706. Fundraising expenses 1,747. Total expenses 57,750. Arts manager consulting fees: program service expenses 45,746. Management and general expenses 4,197. Fundraising expenses 1,558. Total expenses 51,501. Business planning consulting: program service expenses 40,960. Management and general expenses 3,758. Fundraising expenses 1,395. Total expenses 46,113. Arts program assessment: program service expenses 26,648. Management and general expenses 2,445. Fundraising expenses 908. Total expenses 30,001. Economic & fiscal benefits consulting: program service expenses 16,899. Management and general expenses 1,550. Fundraising expenses 576. Total expenses 19,025. Other consulting fees: program service expenses 7,826. Management and general expenses 717. Fundraising expenses 265. Total expenses 8,808.

Form 990, Part XII, Line 2C Audit Review Process

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The foundation's endowments consist of funds established for a variety of purposes. Its endowments include donor-restricted endowments and board-designated endowments.

PART X, LINE 2:

The foundation recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination of the taxing authorities. Management evaluated the foundation's tax positions and concluded that the foundation had no material uncertainties in income taxes as of june 30, 2024 and 2023.

Raw XML AppendixShowing 400 of 827 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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IRS990/ActivityOrMissionDesc0THE SARASOTA PERFORMING ARTS FOUNDATION'S MISSION IS TO BE A PREEMINENT DESTINATION FOR THE PERFORMING ARTS IN THE NATION BY OFFERING EXTRAORDINARY CULTURAL AND EDUCATIONAL EXPERIENCES THAT ENRICH OUR COMMUNITY, INSPIRE MINDS, AND MANIFEST THE POWER OF THE ARTS. THE FOUNDATION HAS PARTNERED WITH THE VAN WEZEL PERFORMING ARTS HALL SINCE 1987 TO SUPPORT ARTS EDUCATION THROUGHOUT OUR REGION. IT SERVES UP TO 50,000 STUDENTS AND THEIR FAMILIES ANNUALLY THROUGH THE PROVISION OF ENRICHING ARTS-BASED EDUCATION OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT FOR MORE THAN 400 TEACHERS ACROSS FIVE COUNTIES. THE SARASOTA PERFORMING ARTS FOUNDATION IS LEADING THE VISION TO BUILD A NEW SARASOTA PERFORMING ARTS CENTER IN PARTNERSHIP WITH THE CITY, AND IN COLLABORATION WITH THE BAY PARK CONSERVANCY AND VAN WEZEL PERFORMING ARTS HALL.
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IRS990/Desc0THE FOUNDATION USES THE ARTS AND ARTS EDUCATION TO SUPPORT ACADEMIC SUCCESS AND MENTAL AND PHYSICAL WELL BEING IN THE COMMUNITY. THE FOUNDATION'S PROGRAMS REACH UP TO 50,000 STUDENTS AND TRAIN HUNDREDS OF TEACHERS IN ARTS INTEGRATION ACROSS FIVE COUNTIES EACH YEAR. THE FOUNDATION PROVIDES FUNDING FOR TICKETS AND BUSING FOR OVER 30,000 STUDENTS TO ATTEND SCHOOLTIME PERFORMANCES EACH YEAR; FUNDING FOR TEACHERS TO SUPPLEMENT THE STUDENTS' EXPERIENCE IN THE CLASSROOM USING ARTS INTEGRATIVE LEARNING TECHNIQUES; FUNDING FOR MASTER CLASSES FOR TEACHERS; AND FUNDING FOR YOUTH, FAMILIES, SENIORS, MILITARY FAMILIES AND INDIVIDUALS TO SEE, EXPERIENCE AND PARTICIPATE IN LIVE SHOWS AND EVENTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt23VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIR. LEADERSHIP GIVING THRU OCT 2023
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IRS990/MissionDesc0TO BE A PREEMINENT DESTINATION FOR THE PERFORMING ARTS IN THE NATION BY OFFERING EXTRAORDINARY CULTURAL AND EDUCATIONAL EXPERIENCES THAT ENRICH OUR COMMUNITY, INSPIRE MINDS, AND MANIFEST THE POWER OF THE ARTS.
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