Nonprofit · EIN 47-1636322
FAENA ARTS
Tax-exempt · MIAMI BEACH, FL 33140
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,768,213 | $1,451,452 | $316,761 | $890,890 | $444,043 | $446,847 |
| December 31, 2023 | 990 | $1,266,940 | $1,523,203 | -$256,263 | $414,356 | $284,270 | $130,086 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,406,617
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$638,404
- Other revenue
- -$638,404
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $220,000
- Salaries, compensation and benefits (total)
- $220,000
- Professional fundraising fees
- $169,900
- Legal fees
- $36,300
- Accounting fees
- $9,500
- Travel
- $41,378
- Program services (functional)
- $643,271
- Management and general (functional)
- $638,281
- Fundraising (functional)
- $169,900
Balance sheet and other
- Total assets, start of year
- $414,356
- Total assets, end of year
- $890,890
- Total liabilities, end of year
- $444,043
- Net assets, end of year
- $446,847
- Net assets without donor restrictions
- $446,847
- Gross receipts
- $2,406,617
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- NY
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 |
|---|---|---|---|
| NICOLE COMOTTI | EXECUTIVE DIRECTOR Officer | 40 | $150,000 |
| JOSE SOTO | CONTROLLER Officer | 40 | $70,000 |
| GERMAN DE ELIZALDE | PRESIDENT Trustee or director, Officer | 40 | $0 |
| NEISEN O KASDIN | TREASURER Trustee or director, Officer | 2 | $0 |
| LAUREN CRAMER | SECRETARY Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICOLE COMOTTI | EXECUTIVE DIRECTOR Officer | 40 | $162,800 |
| JOSE SOTO | CONTROLLER Officer | 40 | $60,000 |
| GERMAN DE ELIZALDE | PRESIDENT Trustee or director, Officer | 40 | $0 |
| NEISEN O KASDIN | TREASURER Trustee or director, Officer | 2 | $0 |
| LAUREN CRAMER | SECRETARY Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3201 COLLINS AVE, MIAMI BEACH, FL 33140-4023
- Principal officer (990 for 2024)
- NICOLE COMOTTI, 3201 COLLINS AVE, MIAMI BEACH, FL 33140
- Signed the 990
- NICOLE COMOTTI, COO
- Phone
- (305) 904-4058
- Website
- WWW.FAENAART.ORG
- Return prepared by
- FRENDEL BROWN & WEISSMAN LLP CPA'S
Mission
FAENA ARTS ORGANIZATION DEDICATED TO ENCOURAGING, COMMISSIONING AND PRODUCING AMBITIOUS PUBLIC ARTS PROJECTS, REACHING NEW AUDIENCES AND EXPANDING AWARENESS THROUGH CONTEMPORARY ART ON THE LOCAL LEVEL OF MIAMI BEACH, THE STATE OF FLORIDA, NATIONWIDE AND ABROAD.
Program accomplishments
- THE PROGRAM SERVICES CONSISTS OF PRODUCTION OF POST-DISCIPLINARY AND TIME-BASED EXPERIENCES. FAENA ART PRODUCES AMBITIOUS PUBLIC ARTS PROJECTS, REACHING NEW AUDIENCES AND EXPANDING AWARENESS THROUGH CONTEMPORARY ART ON THE LOCAL LEVEL OF MIAMI BEACH, THE STATE OF FLORIDA, NATIONWIDE AND ABROAD.THE ORGANIZATION FOSTERS NEW MODELS FOR PERFOMATIVE SOCIAL INTERACTION THAT TRANSCEND THE TRADITIONAL BOUNDARIES OF ART, SCIENCE, PHILOSOPHY, AND SOCIAL PRACTICE.Expenses $643,271
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
- 47-1636322
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $890,890
- Income (IRS master file)
- $2,406,617
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,768,213 | $1,451,452 | $890,890 | XML |
| 990 | December 2023 | $1,266,940 | $1,523,203 | $414,356 | XML |
| 990 | December 2022 | $1,333,552 | $1,624,290 | $1,033,541 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FAENA ARTS
- What is the EIN of FAENA ARTS?
- The employer identification number (EIN) of FAENA ARTS is 47-1636322.
- Is FAENA ARTS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to FAENA ARTS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAENA ARTS 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 FAENA ARTS 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 FAENA ARTS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FAENA ARTS?
- The 990 for the year ended December 31, 2024 names NICOLE COMOTTI.
- Who are the officers and directors of FAENA ARTS?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $150,000 (NICOLE COMOTTI, EXECUTIVE DIRECTOR).
- How much revenue does FAENA ARTS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,768,213, expenses of $1,451,452 and total assets of $890,890 at year end.
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