2024-05-14T15:50:00-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-07-01 205116495 THE STUDIOS OF KEY WEST STUD 3052960458 533 EATON STREET KEY WEST FL 33040 JOHN E DODDS EXECUTIVE DIRECTOR 3052960458 2024-05-14 1 JOHN DODDS 999009999 1 AMY CHAPMAN P00843460 4078021200 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN E DODDS 533 EATON STREET KEY WEST FL 33040 3373230 0 X HTTPS://TSKW.ORG X 2006 FL TO SUPPORT THE ROLE OF ARTISTS, CREATIVE EDUCATORS, AND CULTURAL PRODUCERS IN KEY WEST, FLORIDA. 15 15 24 100 0 0 2317753 1428992 571749 585330 36452 168103 280291 520504 3206245 2702929 0 0 0 0 613413 993001 0 0 116448 1377944 1470895 1991357 2463896 1214888 239033 14900536 15249372 2012084 2062108 12888452 13187264 THE PRIMARY GOAL OF THE ORGANIZATION IS TO SUPPORT, FOSTER, AND ADVANCE THE ROLE OF ARTISTS, CREATIVE EDUCATORS, AND CULTURAL PRODUCERS IN KEY WEST, FLORIDA. 0 0 1951863 1077171 DEVELOPED, PROMOTED, AND PRODUCED CULTURAL, PROGRAMMING, AND ART EDUCATION FOR THE COMMUNITY, PRESENTED EXHIBITIONS, HUMANITIES LECTURES, FILM, THEATER, AND MUSIC EVENTS, HOSTING VISITING ARTISTS IN RESIDENCE, OFFERED PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR LOCAL CREATIVE PRACTITIONERS. 1951863 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 51 0 1 24 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X JOHN E DODDS 3052960458 533 EATON STREET KEY WEST FL 33040 RICHARD MCCHESNEY PRESIDENT 10.00 X X 0 0 0 JACKSON KAUFELT FIRST VICE PRESIDENT 2.00 X X 0 0 0 HARRELL ODOM SECOND VICE PRESIDENT 5.00 X X 0 0 0 FRANK WORMUTH TREASURER 2.00 X X 0 0 0 KIM MCGUIRE SECRETARY 2.00 X X 0 0 0 CAMILA DUKE MEMBER 2.00 X 4248 0 0 CHE ANDRE MEMBER 2.00 X 0 0 0 SCOTT BURAU MEMBER 2.00 X 0 0 0 KENDALL CAMERON MEMBER 2.00 X 0 0 0 REDZA DEMPSTER MEMBER 2.00 X 0 0 0 EDDUARDO HERRERA MEMBER 2.00 X 0 0 0 CHASE HURST MEMBER 2.00 X 0 0 0 CHRIS KENT MEMBER 2.00 X 0 0 0 LEE MOAK MEMBER 2.00 X 0 0 0 ROSI WARE MEMBER 2.00 X 0 0 0 JOHN E DODDS EXECUTIVE DIRECTOR 50.00 X 136600 0 0 140848 0 0 1 0 0 0 MARINO CONSTRUCTION GROUP INC PO BOX 1706 KEY WEST FL 33040 CARRIAGE TRADE RENOVATION 1794570 1 47259 33082 189104 1159547 83232 1428992 PROGRAM FEES 900099 382543 382543 ART SALES 900099 125244 125244 OTHER PROGRAM REVENUE 900099 77543 77543 585330 804 804 118116 9175 108941 108941 108941 245749 78450 167299 167299 167299 61485 33082 67821 -6336 -6336 38245 3246 34999 34999 894509 511609 382900 382900 2702929 1077171 0 196766 128100 84546 29463 14091 854563 566155 198285 90123 10338 6846 2396 1096 22047 22047 9309 9309 219208 219208 87971 87971 109768 91513 10342 7913 219526 208550 10976 64493 61268 3225 389037 369592 19445 52248 49636 2612 WORKSHOPS & PROGRAMS 136571 136571 ARTIST COMMISSION 74472 74472 IN-KIND ITEMS 64375 64375 DUES AND SUBSCRIPTIONS 13695 10956 2739 8175 8175 2463896 1951863 395585 116448 2149576 1090604 348185 265427 32696 0 131659 132556 43595 20716 14997909 2018085 11266924 12979824 927901 760245 14900536 15249372 184955 303829 89591 47854 1702867 1647806 34671 62619 2012084 2062108 X 10980964 10318990 1907488 2868274 12888452 13187264 14900536 15249372 239033 65583 -5804 0 X 0 1 X 1 0 X 1179966 2977687 3420648 2324373 1428992 11331666 1179966 2977687 3420648 2324373 1428992 11331666 115163 11216503 52592 52182 160518 76639 109745 451676 7720 10200 7504 33352 99730 158506 11941848 5954043 0.93930 0.95070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2568216 2568216 9826111 1797689 8028422 432995 220396 212599 2170587 2170587 12979824 ADVANCE DEPOSITS - WORKSHOPS AND OTHERS 55142 CONSIGNMENTS 7477 62619 X 3344004 65583 2125 582676 650384 2693620 9309 9309 2702929 3039388 2125 582676 584801 2454587 9309 9309 2463896 PART X, LINE 2: TSKW EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE TSKW QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). TSKW IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENT OF FINANCIAL POSITION. TSKW HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE TSKW WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAMING & FUNDRAISING ACTIVITIES - EXPENSES 71,067. BOOKSTORE COSTS OF GOODS SOLD 511,609. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING & FUNDRAISING ACTIVITIES - EXPENSES 71,067. BOOKSTORE COSTS OF GOODS SOLD 511,609. ARTS & EATS 43260 32685 10575 10575 5807 PATRON BRUNCH 51307 397 50910 16992 34447 94567 33082 61485 27567 40254 67821 -6336 14497 1090 775 0 23748 1381 0 38245 1090 2156 3246 34999 FL 1 0 1 0 0.80000 0.20000 JOHN E DODDS 533 EATON ST KEY WEST FL 33040 0 0 X SUPPLIES 35 72982 COMPRABLE SALES PRIC X FOOD AND BEVERAGES 8 10250 COMPRABLE SALES PRIC 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY FINANCIAL MANAGEMENT THEN THE EXECUTIVE COMMITTEE AND THEN APPROVED BY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD RECOGNIZES THAT CONFLICTS OF INTEREST ARE NOT UNCOMMON AND THAT NOT ALL CONFLICTS OF INTERESTS ARE NECESSARILY HARMFUL TO TSKW. HOWEVER, THE BOARD REQUIRES FULL DISCLOSURE OF ALL ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. EACH COVERED INDIVIDUAL SHALL DISCLOSE ANY AND ALL FACTS THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST, BOTH THROUGH AN ANNUAL DISCLOSURE PROCESS AND IMMEDIATELY WHENEVER SUCH ACTUAL OR POTENTIAL CONFLICT OCCURS. STAFF DISCLOSURES SHOULD BE MADE TO THE EXECUTIVE DIRECTOR WHO WILL DIRECT THE MATTER TO THE CHAIRMAN OF THE BOARD. A DISCLOSURE BY THE EXECUTIVE DIRECTOR OR A MEMBER OF THE BOARD SHOULD BE MADE DIRECTLY TO THE CHAIRMAN OF THE BOARD. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE A COVERED INDIVIDUAL HAS FAILED TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, IT SHALL INFORM THE COVERED INDIVIDUAL OF THE BASIS FOR SUCH BELIEF AND AFFORD THE PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE PERSON'S RESPONSE, THE BOARD DETERMINES THE COVERED INDIVIDUAL HAS FAILED TO DISCLOSE A CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE ACTION, WHICH MAY INCLUDE REMOVAL OF A MEMBER OF THE BOARD OR TERMINATION OF EMPLOYMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.