Nonprofit · EIN 65-0737532
MONROE COUNCIL OF THE ARTS CORPORATION
Also known as FLORIDA KEYS COUNCIL OF THE ARTS
Tax-exempt · KEY WEST, FL 33040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $405,801 | $471,816 | -$66,015 | $208,943 | $203 | $208,740 |
| June 30, 2024 | 990 | $395,461 | $420,411 | -$24,950 | $217,707 | $179 | $217,528 |
| June 30, 2023 | 990 | $389,635 | $398,349 | -$8,714 | $243,014 | $720 | $242,294 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $385,288
- of which government grants
- $210,241
- Membership dues
- $45,300
- Program service revenue
- $1,050
- Investment income
- $4,255
- Other revenue
- $15,208
Expenses
- Grants and similar amounts paid
- $26,223
- Compensation of officers, directors and key employees
- $90,913
- Other salaries and wages
- $141,960
- Salaries, compensation and benefits (total)
- $250,165
- Professional fundraising fees
- $0
- Accounting fees
- $5,750
- Occupancy
- $22,494
- Travel
- $3,561
- Depreciation
- $175
- Program services (functional)
- $405,634
- Management and general (functional)
- $42,238
- Fundraising (functional)
- $23,944
Balance sheet and other
- Total assets, start of year
- $217,707
- Total assets, end of year
- $208,943
- Total liabilities, end of year
- $203
- Net assets, end of year
- $208,740
- Land, buildings and equipment
- $3,264
- Net assets without donor restrictions
- $161,740
- Net assets with donor restrictions
- $47,000
- Gross receipts
- $405,801
- Employees
- 5
- Volunteers
- 30
- Year formed
- 1997
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Young | Executive Director Key employee, Highest-paid employee | 40 | $92,730 |
| Marianne Finizio | Director Trustee or director | 1 | $0 |
| Charlotte Palmer | Director Trustee or director | 1 | $0 |
| Beryn Harty | Director Trustee or director | 0 | $0 |
| Mark Hedden | Secretary Trustee or director | 1 | $0 |
| Jill Miranda Baker | Chair Person Trustee or director | 1 | $0 |
| Joyce Burd | Director Trustee or director | 1 | $0 |
| Paige Bethel | Director Trustee or director | 1 | $0 |
| Nancy Bunch | Vice Chair Officer | 1 | $0 |
| Eric Anderson | Treasurer Officer | 1 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Young | Executive Director Key employee | 40 | $91,700 |
| Nancy Bunch | Secretary Trustee or director | 1 | $0 |
| Marianne Finizio | Director Trustee or director | 1 | $0 |
| Charlotte Palmer | Director Trustee or director | 1 | $0 |
| Beryn Harty | Director Trustee or director | 1 | $0 |
| Mark Hedden | Director Trustee or director | 1 | $0 |
| Jill Miranda Baker | Vice Chair Trustee or director | 1 | $0 |
| Eric Anderson | Treasurer Trustee or director | 1 | $0 |
| Joyce Burd | Chair Person Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Young | Executive Director Key employee, Highest-paid employee | 40 | $88,950 |
| Nancy Bunch | Director Trustee or director | 1 | $0 |
| Leslie Calero | Director Trustee or director | 1 | $0 |
| Charlotte Palmer | Director Trustee or director | 4 | $0 |
| Beryn Harty | Director Trustee or director | 1 | $0 |
| Mark Hedden | Director Trustee or director | 1 | $0 |
| Jill Miranda Baker | Secretary Officer | 1 | $0 |
| Eric Anderson | Treasurer Officer | 1 | $0 |
| Joyce Burd | Vice Chair Officer | 1 | $0 |
| Barbara Weikel | Board Chair Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 1100 SIMONTON ST, KEY WEST, FL 33040-3110
- Principal officer (990 for 2024)
- Elizabeth Young, 1100 Simonton Street, Ste 2-263, Key West, FL 33040
- Signed the 990
- Elizabeth S Young, Executive Director
- Phone
- (305) 295-4369
- Website
- www.keysarts.com
- Return prepared by
- Paul S Mills CPA
Mission
Arts Advocacy Education & Grants
Program accomplishments
- Provides weekly cultural calendars and calls to artist in local print publications and online. Provides cultural information services: Gallery Guide, Events calendar, website & numerous press releases.Expenses $141,972 · revenue $127,184
- Provides art in public places incorporating visual arts in airports, hospitals, senior citizen centers and County buildings.Expenses $20,282 · revenue $18,169
- Monroe Council of the Arts committed to advancing the creative development and promotion of the arts in our cultural community. Through financial support, to teaching artists and cultural organizations in Monroe County, Florida, we provided grants in' the amount of $ 53,965Expenses $243,380 · grants $26,233 · revenue $218,031
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 65-0737532
- 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
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A260)
- Assets (IRS master file)
- $208,943
- Income (IRS master file)
- $405,801
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $405,801 | $471,816 | $208,943 | IRS |
| 990 | June 2024 | $395,461 | $420,411 | $217,707 | XML |
| 990 | June 2023 | $389,635 | $398,349 | $243,014 | XML |
| 990 | June 2022 | $375,518 | $368,043 | $251,308 | IRS |
| 990 | June 2021 | – | – | – | 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 65-0737532).
Questions about MONROE COUNCIL OF THE ARTS CORPORATION
- What is the EIN of MONROE COUNCIL OF THE ARTS CORPORATION?
- The employer identification number (EIN) of MONROE COUNCIL OF THE ARTS CORPORATION is 65-0737532.
- Is MONROE COUNCIL OF THE ARTS CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to MONROE COUNCIL OF THE ARTS CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONROE COUNCIL OF THE ARTS CORPORATION 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 MONROE COUNCIL OF THE ARTS CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONROE COUNCIL OF THE ARTS CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MONROE COUNCIL OF THE ARTS CORPORATION?
- The 990 for the year ended June 30, 2025 names Elizabeth Young.
- Who are the officers and directors of MONROE COUNCIL OF THE ARTS CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $92,730 (Elizabeth Young, Executive Director).
- How much revenue does MONROE COUNCIL OF THE ARTS CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $405,801, expenses of $471,816 and total assets of $208,943 at year end.
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All nonprofits in KEY WEST · Florida · Arts, culture and humanities