Nonprofit · EIN 35-2420731
GRACE ARTS CENTER INC
Tax-exempt · FT LAUDERDALE, FL 33316
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $404,749 | $319,749 | $85,000 | $2,857,753 | $42,390 | $2,815,363 |
| December 31, 2023 | 990 | $521,661 | $350,201 | $171,460 | $2,787,324 | $43,590 | $2,743,734 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $228,399
- of which government grants
- $103,399
- Program service revenue
- $56,920
- Investment income
- $1,266
- Other revenue
- $118,164
Expenses
- Grants and similar amounts paid
- $153,529
- Compensation of officers, directors and key employees
- $17,900
- Salaries, compensation and benefits (total)
- $17,900
- Professional fundraising fees
- $0
- Legal fees
- $480
- Accounting fees
- $500
- Occupancy
- $8,164
- Travel
- $2,100
- Program services (functional)
- $319,749
Balance sheet and other
- Total assets, start of year
- $2,787,324
- Total assets, end of year
- $2,857,753
- Total liabilities, end of year
- $42,390
- Net assets, end of year
- $2,815,363
- Net assets without donor restrictions
- $2,815,363
- Gross receipts
- $404,749
- Employees
- 0
- Year formed
- 2011
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Clare Vickery | Director Trustee or director | 20 | $0 |
| Troy Inch | Director Trustee or director | 3 | $0 |
| David Benjamin | Director Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Clare Vickery | Director Trustee or director | 20 | $0 |
| Troy Inch | Director Trustee or director | 3 | $0 |
| David Benjamin | Director Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 816 SE 8TH ST, FT LAUDERDALE, FL 33316-1206
- Signed the 990
- Clare Vickery, Director
- Phone
- (954) 816-3324
- Website
- www.graceartscenter.org
- Return prepared by
- James Ridout CPA
Mission
Grace Arts Center's mission is to create and connect three distinct areas of general programming resulting in more extensive cultural collaborations and revitalization of South Florida communities.
Program accomplishments
- 4ACultural Exhibits: 'Outsider Art? Self-taught Visual Artist Exhibits at cultural and historical sites, 'Street Art Regatta' an outdoor art exhibit on the water and land featuring painted sails and competitive sailing, Art Fair Installations and activities during Miami Art Week to provide a platform for self-taught artists of excellence to be curated with a focus on Florida culture and history, and films including micro and feature documentaries exploring Florida history and culture.Expenses $237,749 · grants $105,899 · revenue $35,920
- Performances: 'Shakespeare La Florida' annual multi-disciplinary theater adaptation series 'Festival of Classics' a 'Shakespeare in the Park' initiative to foster collaboration with other cultural organizations and encourage classical literature reading and creative writing includes a public festival project with live performances and master classes at public schools.Expenses $82,000 · grants $37,500 · revenue $21,000
- Urban Design: 'COAT' Community of Artists Transforms Mural Art installations 'Artworks' community conversations with designers and artists with opportunities for academic participation to contrast and explore Florida vernacular design 'Mobile Art Pavilion' community revitalization through a transportable platform for the arts 'Urban Shade' architecture and design challenge to place modular and natural tree shade together in public spaces new in 2022 'SAGA' a pop up art-as-shade event with visual and performance artists to support homeless initiatives .
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2420731
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $2,857,753
- Income (IRS master file)
- $404,749
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $404,749 | $319,749 | $2,857,753 | XML |
| 990 | December 2023 | $521,661 | $350,201 | $2,787,324 | XML |
| 990 | December 2022 | $277,168 | $211,304 | $2,615,864 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2420731).
Questions about GRACE ARTS CENTER INC
- What is the EIN of GRACE ARTS CENTER INC?
- The employer identification number (EIN) of GRACE ARTS CENTER INC is 35-2420731.
- Is GRACE ARTS CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to GRACE ARTS CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRACE ARTS CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GRACE ARTS CENTER INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRACE ARTS CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of GRACE ARTS CENTER INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does GRACE ARTS CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $404,749, expenses of $319,749 and total assets of $2,857,753 at year end.
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