2024-05-08T11:21:36-05:00 2023-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-07-01 200198707 BILL EDWARDS FOUNDATION FOR THE ARTS INC BILL 7273085100 5959 CENTRAL AVENUE SUITE 201 ST PETERSBURG FL 33710 AMY MILLER PRESIDENT 7273085100 2024-05-08 1 AMY MILLER 999009999 1 SCOTT THOMPSETT P00741490 2125990100 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z AMY MILLER 5959 CENTRAL AVENUE SUITE 201 ST PETERSBURG FL 33710 4732725 0 X WWW.BILLEDWARDSFOUNDATIONFORTHEARTS.ORG X 2003 FL UPLIFT THE COMMUNITY THROUGH A WIDE RANGE OF PROGRAMS, COMMUNITY OUTREACH, AND PUBLIC PERFORMANCES. 9 8 11 88 0 0 826955 781650 1876989 3951075 0 0 0 0 2703944 4732725 0 7420 0 0 430321 699994 0 0 403043 2309955 3940074 2740276 4647488 -36332 85237 1392913 1504707 368783 395340 1024130 1109367 THE BILL EDWARDS FOUNDATION FOR THE ARTS, INC. (FOUNDATION) IS A NOT-FOR-PROFIT FOUNDATION ESTABLISHED FOR THE PURPOSE OF DEVELOPING, COORDINATING, AND PROMOTING THE PERFORMING ARTS IN THE CITY OF ST. PETERSBURG, FLORIDA. 0 0 3992705 7420 3951075 BILL EDWARDS FOUNDATION FOR THE ARTS, INC. SUPPORTS PERFORMING ARTS PROGRAMMING AT THE DUKE ENERGY CENTER FOR THE ARTS - MAHAFFEY THEATER. THE FOUNDATION PROVIDES ARTS EDUCATION PROGRAMS FOR YOUTH, COMMUNITY OUTREACH PROGRAMS, AND PERFORMANCES AS WELL AS CONCERTS FOR THE ENTIRE COMMUNITY. ON AVERAGE, APPROXIMATELY 300 EVENTS ARE HOSTED AT THE THEATER EACH YEAR. THE FOUNDATION AND THEATER STAFF WORK TOGETHER TO DELIVER UNRIVALED CULTURAL ARTS EXPERIENCES TO MORE THAN 250,000 VISITORS TO THE THEATER ANNUALLY. 3992705 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 11 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 FL X AMY MILLER 7273085100 5959 CENTRAL AVENUE SUITE 201 ST PETERSBURG FL 33710 WILLIAM EDWARDS CEO/DIRECTOR 10.00 0.00 X X 0 0 0 CAROLE MERRITT CHAIRMAN/DIRECTOR 1.00 0.00 X X 0 0 0 BOB CHURUTI DIRECTOR 1.00 0.00 X 0 0 0 DONNA COTHRON DIRECTOR 1.00 0.00 X 0 0 0 BRADY DIGGS DIRECTOR 1.00 0.00 X 0 0 0 DAVID DOWNING DIRECTOR 1.00 0.00 X 0 0 0 JIM MACDOUGALD DIRECTOR 1.00 0.00 X 0 0 0 MARK MAHAFFEY DIRECTOR 1.00 0.00 X 0 0 0 GISELLA MONCLOVA DIRECTOR 1.00 0.00 X 0 0 0 AMY MILLER PRESIDENT 40.00 0.00 X 96135 0 4250 96135 0 4250 0 0 0 0 THE CLUB AT TREASURE ISLAND 400 TREASURE ISLAND CAUSEWAY TREASURE ISLAND FL 33706 CATERING SERVICES 187623 1 676780 18128 86742 781650 EVENTS REVENUE 711190 3951075 3789950 161125 3951075 4732725 3789950 0 161125 5650 5650 1770 1770 105385 105385 188167 188167 344143 51950 292193 26459 9261 17198 35840 12544 23296 9850 9850 384583 384583 289293 274828 14465 51674 26955 21468 3251 11721 11721 45604 45604 11775 11775 55251 55251 62896 33335 29561 ARTIST PERFORMANCE FEES 2321964 2321964 PRODUCTION COSTS 611135 611135 CATERING EXPENSES 80710 29958 50752 LICENSES & PERMITS 1730 1730 1888 1888 4647488 3992705 251740 403043 1355633 1466238 32280 16012 0 14990 5000 7467 1392913 1504707 11611 26442 338291 368898 18881 0 368783 395340 X 1024130 1109367 1024130 1109367 1392913 1504707 85237 0 X 0 1 X 1 0 X 1571899 576470 275735 826955 781650 4032709 1571899 576470 275735 826955 781650 4032709 58692 3974017 4032709 14245562 0.98540 1.00000 X 1.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 4732725 0 4732725 0 4732725 4647488 0 4647488 0 4647488 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND FROM STATE CORPORATE INCOME TAX UNDER APPLICABLE FLORIDA STATUTES. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN FOUNDATION THAT IS NOT A PRIVATE FOUNDATION AND HAS BEEN DESIGNATED A "PUBLICLY SUPPORTED" FOUNDATION. THE FOUNDATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION HAS EVALUATED THEIR TAX POSITIONS AND DETERMINED THEY HAVE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023. SHOULD THE FOUNDATION'S TAX-EXEMPT STATUS BE CHALLENGED IN THE FUTURE, THE FOUNDATION'S 2020, 2021, 2022, AND 2023 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. WILLIAM EDWARDS BOARD MEMBER 188167 INDEPENDENT CONTRACTOR COMPENSATION 0 WILLIAM EDWARDS BOARD MEMBER 160904 EVENT EXPENSES AND REIMBURSEMENTS 0 SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: TREASURE ISLAND YACHT & TENNIS CLUB, LLC(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: ENTITY OWNED MORE THAN 35% BY BOARD MEMBER, WILLIAM EDWARDS(D) DESCRIPTION OF TRANSACTION: INDEPENDENT CONTRACTOR COMPENSATION(A) NAME OF PERSON: BIG 3 ENTERTAINMENT, LLC(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: ENTITY OWNED MORE THAN 35% BY BOARD MEMBER, WILLIAM EDWARDS(D) DESCRIPTION OF TRANSACTION: EVENT EXPENSES AND REIMBURSEMENTSWILLIAM EDWARDS SERVES ON THE BOARD OF DIRECTORS OF THE FOUNDATION AND IS OWNER OF BIG 3 ENTERTAINMENT, LLC AND TREASURE ISLAND YACHT AND TENNIS CLUB OF PINNELLAS COUNTY, LLC. WHILE THE FOUNDATION TRANSACTS WITH ENTITIES OWNED BY AN INTERESTED PERSON, THE CONTRACTUAL AGREEMENTS BETWEEN THE TWO PARTIES ARE EXECUTED AT ARM'S LENGTH AND ONLY FINALIZED AFTER EXERCISING DUE DILIGENCE TO ENSURE THE FOUNDATION IS PAYING FAIR MARKET VALUE FOR THE SERVICES RENDERED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FOUNDATION'S FORM 990 IS PREPARED BY A NATIONALLY RECOGNIZED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL TEAM. THE TAX RETURN FORM 990 WILL BE REVIEWED BY THE CHAIRMAN AND THE CEO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT EACH OFFICER AND DIRECTOR IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR RELATIONSHIP TO THE ORGANIZATION, BOARD SERVICE, OR POSITION WITHIN THE ORGANIZATION. THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15A PROCESS FOR DETERMINING COMPENSATION THE CEO OF THE ORGANIZATION IS A VOLUNTEER POSITION FOR NO COMPENSATION. THE CEO DETERMINES COMPENSATION FOR THE PRESIDENT, COMPENSATION LEVELS ARE ESTABLISHED WITHIN COMPETITIVE RANGES FOR SIMILARLY POSITIONED INDIVIDUALS IN THE ORGANIZATION'S GEOGRAPHIC AREA. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION.