2024-02-09T11:57:16-06:00 2023-09-30 651083521 Holyfield & Thomas LLC 125 Butler Street West Palm Beach FL 33407 990 2022-10-01 591862336 Cultural Council of Palm Beach County Inc CULT 5614712901 601 Lake Avenue Lake Worth Beach FL 33460 David Lawrence President & CEO 5614712901 2024-02-06 1 David Lawrence 999009999 0 David J Thomas CPA P00002419 5616896000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Cultural Council for Palm Beach County David Lawrence 601 Lake Avenue Lake Worth Beach FL 33460 5788433 0 X www.palmbeachculture.com X 1978 FL Fulfilling the need for arts and cultural experiences in Palm Beach County. (Continued on Schedule O)(Continued from page 1, part I, line 1.) To educate, develop, coordinate, and promote the visual and performing arts and cultural activities throughout Palm Beach County, Florida. 16 16 26 2 0 0 4622320 5562268 16510 18200 6241 14196 97273 140590 4742344 5735254 268567 244209 0 0 1606304 1642681 0 0 157799 2632540 3878418 4507411 5765308 234933 -30054 4793143 5124316 1088851 1407059 3704292 3717257 X To educate, develop, coordinate, and promote the visual and performing arts and cultural activities throughout Palm Beach County, Florida. 0 0 5534107 244209 30945 The Cultural Council for Palm Beach County is the official support agency for arts and culture in Palm Beach County, Florida. As such, it provides grants to cultural organizations and creative professionals, advocates for arts and cultural funding, enhances local arts education, offers support services to foster growth in the cultural sector, and promotes cultural tourism. Funds for its grant programs and tourism marketing are largely derived from the county's bed tax, which the Council has managed for nearly 40 years. The Council's other programs and services are supported by private funds derived from donations and membership. (Continued on Schedule O)(Continued from page 2, Part III, line 4a) The Council's headquarters in Lake Worth Beach serves as a venue for gallery exhibitions and performances by artists who live or work in Palm Beach County, and includes a VISIT FLORIDA - designated Florida Certified Tourism Information Center and gift store with hand-crafted items by local artists. The Council is an active member of the South Florida Cultural Consortium and Florida Cultural Alliance. 5534107 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 54 0 26 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X Kathleen Alex 5614712901 601 Lake Avenue Lake Worth Beach FL 33460 Nathan Slack Immediate Past Chair 2.00 X 0 0 0 Bill Parmelee Member 2.00 X 0 0 0 Jean Sharf Secretary 2.00 X X 0 0 0 Christopher D Caneles Treasurer 4.00 X X 0 0 0 Elizabeth Bowers Stoops Member 2.00 X 0 0 0 Bruce Beal Member 2.00 X 0 0 0 Phil DiComo Member 2.00 X 0 0 0 Donald M Ephraim Member 2.00 X 0 0 0 Daryn M Kirchfeld Chairman 4.00 X X 0 0 0 Roe Green Member 2.00 X 0 0 0 Phillip Edwards Member 2.00 X 0 0 0 Denise Rivas Member 2.00 X 0 0 0 Cheryl K Crowley Member 2.00 X 0 0 0 David Cohen Member 2.00 X 0 0 0 Stephen Jacobs Member 2.00 X 0 0 0 Edrick E Barnes Member 2.00 X 0 0 0 Barbara McQuinn EX Officio Member 2.00 X 0 0 0 Davika Thompson EX Officio Member 2.00 X 0 0 0 Commissioner Marci Woodward EX Officio Member 2.00 X 0 0 0 Joan Hutchison EX Officio Member 2.00 X 0 0 0 David Lawrence President and CEO 40.00 X 208775 0 27299 Kathleen Alex Chief Financial Officer 40.00 X 145900 0 10189 Jennifer Sullivan VP of Markteting 40.00 X 140274 0 17554 494949 0 55042 3 0 1 0 0 198484 4942638 421146 5562268 Other Program Activiti 900099 18200 18200 18200 11652 11652 22721 20177 2544 2544 2544 45747 33002 12745 12745 Misc. Income 900099 124306 124306 Beneficial Interest in 900099 3539 3539 127845 5735254 30945 0 142041 232962 232962 11247 11247 576407 523834 17354 35219 834995 730326 28124 76545 33634 30566 1013 2055 97625 88721 2939 5965 100020 90897 3012 6111 29300 27200 544 1556 2551 2551 94303 87544 1750 5009 3000847 3000847 71892 58001 4809 9082 16307 14714 684 909 115261 115261 21549 21375 146 28 227045 222932 158 3955 250 250 83042 75171 5804 2067 38289 34841 1724 1724 Awards 58179 58179 Membership & Subscripti 40459 40020 389 50 Other Administrative Ex 35647 31704 1489 2454 Surveys 30974 30974 12523 6791 662 5070 5765308 5534107 73402 157799 850 850 738579 763290 854611 1141115 5000 35085 40765 3688138 1112139 2634516 2575999 471197 525862 58305 71435 4793143 5124316 332718 315478 56133 41179 41000 700000 1009402 1088851 1407059 X 3306336 3343117 397956 374140 3704292 3717257 4793143 5124316 -30054 43019 0 X X 0 1 X 1 0 X 3749445 3169727 4095094 4622320 5562268 21198854 348577 305321 355517 487513 461960 1958888 4098022 3475048 4450611 5109833 6024228 23157742 23157742 5712 6641 2519 9695 11652 36219 85617 116233 66827 95312 124306 488295 23682256 328948 0.97790 0.97750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 383675 44909 428584 450491 7500 -74316 383675 450000 491 450491 712846 1083 657653 56276 0.76670 0.23330 0 0 393344 393344 2991537 850210 2141327 254643 252266 2377 48614 9663 38951 2575999 Contract Reserve 1000000 Lease Liability 9402 1009402 X 6270684 43019 461960 33002 537981 5732703 2551 2551 5735254 6257719 461960 33002 494962 5762757 2551 2551 5765308 Part V, Line 4: The Council's endowment funds are used to further the mission of the Council. Endowment funds are used to provide sufficient liquidity to support ongoing operations of the Council, provide funds for capital expenditures as may be required from time to time, launch new initiatives, and build an endowment that will generate income that may be used for general operations and support the programs of the Council. Donor restricted endowment funds will be used for the purposes designated by the donors' restrictions. Part X, Line 2: The Council is a nonprofit organization, other than a private foundation, pursuant to Internal Revenue Code Section 501(c)(3) and, as such, is not required to pay income taxes on its exempt function income. FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. It prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. The Council assesses its income tax positions based on management's evaluation of the facts, circumstances and information available at the reporting date. Management does not believe that the Council has any significant uncertain tax positions that would be material to the financial statements. At adoption, the Council did not record any cumulative effect adjustment, and the Council did not accrue any interest expense or other tax liability related to its tax positions. Furthermore, there are no Federal or State open-year tax returns under audit. Part XI, Line 2d - Other Adjustments: Cost of Goods Sold 33,002. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 33,002. 1 AequalisDBA Core Ensemble 1320 North Palmway Lake Worth FL 33460 112798348 501(C)(3) 15408 0 C-1 Grant C-1 Grant Arts4All Florida 2728 Lake Worth Road Lake Worth FL 33461 592758321 501(C)(3) 15004 0 C-1 Grant C-1 Grant Benzaiten Center for Creative Arts 1105 2nd Ave Lake Worth FL 33460 453177421 501(C)(3) 14117 0 C-1 Grant C-1 Grant Center for Creative Education 2400 Metrocentre Blvd West Palm Beach FL 33401 650594599 501(C)(3) 15004 0 C-1 Grant Cultural Resiliency Fund Dance Theater of Florida 4100 PGA Blvd Palm Beach Gardens FL 33410 320354239 501(C)(3) 9680 0 C-1 Grant C-1 Grant Delray Beach Arts 140 NE 1st St Delray Beach FL 33444 810609320 501(C)(3) 14601 0 C-1 Grant C-1 Grant Digital Vibes 2635 Old Okeechobee Road West Palm Beach FL 33409 465032425 501(C)(3) 13714 0 C-1 Grant C-1 Grant Elevar Foundation 3601 North Military Trail Boca Raton FL 33431 473853344 501(C)(3) 5028 0 C-1 Grant Cultural Resiliency Fund Schoolhouse Children's Museum 129 E Ocean Ave Boynton Beach FL 33435 311494582 501(C)(3) 13956 0 C-1 Grant C-1 Grant Martin Luther King Coordinating Committee 144 8th St West Palm Beach FL 33401 650002152 501(C)(3) 5055 0 C-1 Grant C-1 Grant Milagro Foundation 695 Auburn Avenue Delray Beach FL 33444 650804625 501(C)(3) 14682 0 C-1 Grant C-1 Grant Nate King Cole Generation Hope 498 Craford Blvd Boca Raton FL 33432 800149522 501(C)(3) 14762 0 C-1 Grant C-1 Grant Resource Depot 2508 Florida Avenue West Palm Beach FL 33401 650964759 501(C)(3) 15246 0 C-1 Grant The Friends of Sandoway House 145 S Ocean Blvd Delray Beach FL 33483 650603775 501(C)(3) 12826 0 C-1 Grant C-1 Grant Youth Orchestra of PB County 2285 Potomac Road Boca Raton FL 33431 650515153 501(C)(3) 10003 0 C-1 Grant Cultural Resiliency Fund 15 15 Dina Baker Fund 1 10000 Grant for "Mature Artisits" program Artist Awarded Disbursements 1 1247 Solo Artist stipend Part I, Line 2: The Cultural Council of Palm Beach County provides grants to organizations through several programs, artist in residency, tourist development, children's/multiculturalism grants, and organization and programs serving residents. The program's goals are to enhance the image of Palm Beach County as a cultural destination and benefit residents. These grants provide funds for technical assistance, networking opportunities, information sharing and basis assistance. In cooperation with government officials, grant applications are accepted and evaluated annually. Based upon this annual evaluation grants are awarded to organizations that show the most promise in achieving our goals. 1 X 0 0 0 0 0 0 0 0 0 David Lawrence President and CEO 208775 0 0 0 0 0 12120 0 15179 0 236074 0 0 0 Jennifer Sullivan VP of Markteting 140274 0 0 0 0 0 8363 0 9191 0 157828 0 0 0 Kathleen Alex Chief Financial Officer 145900 0 0 0 0 0 8700 0 1489 0 156089 0 0 0 Form 990, Part VI, Section A, line 6 The Organization has dues paying members. Form 990, Part VI, Section A, line 7a The governing body is the board of directors; new directors are elected by the present board of directors. Form 990, Part VI, Section B, line 11b The Form 990 is presented to the Board of Directors annually at the January meeting before it is filed. Form 990, Part VI, Section B, line 12c Conflict of interest policy monitoring: board members are asked to complete a conflict of interest policy annually, and employees sign a conflict of interest policy statement when they are hired. Form 990, Part VI, Section B, line 15 CEO compensation: evaluated annually by the chairman. Changes to compensation go before the executive committee for approval. Employee compensation: the CEO or direct supervisor performs annual review with each employee and increases to compensation, if any, generally occur at that time. 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. Part XII Line 2C The audit report is reviewed annually at the audit report review meeting as presented by the independent auditor. The process has not changed from prior years.