Nonprofit · EIN 93-2384126
CULTURAL DISTRICT OF THE PALM BEACHES INC
Tax-exempt · WEST PALM BCH, FL 33402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $312,531 | $74,205 | $238,326 | $271,064 | $32,738 | $238,326 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $307,000
- Program service revenue
- $0
- Investment income
- $5,531
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,158
- Program services (functional)
- $52,738
- Management and general (functional)
- $21,467
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $271,064
- Total liabilities, end of year
- $32,738
- Net assets, end of year
- $238,326
- Publicly traded securities
- $228,255
- Net assets without donor restrictions
- $238,326
- Gross receipts
- $312,531
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2023
- 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 |
|---|---|---|---|
| THOMAS IOVINO | CHAIR Trustee or director, Officer | 0.25 | $0 |
| GILBERT MAUER | DIRECTOR Trustee or director | 0.25 | $0 |
| JONATHON MAURER | DIRECTOR Trustee or director | 0.25 | $0 |
| KURT SCHWARTZ | DIRECTOR Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1393, WEST PALM BCH, FL 33402-1393
- Mailing address (990-N for 2023)
- PO Box 1393, West Palm Beach FL 33402
- Principal officer (990 for 2024)
- THOMAS IOVINO, PO BOX 1393, WEST PALM BEACH, FL 33402
- Principal officer (990-N for 2023)
- Tom Iovino, 259 Pendelton Ave, Palm Beach FL 33480
- Signed the 990
- TOM IOVINO, PRESIDENT
- Phone
- (504) 717-5200
- Return prepared by
- GRASSI & CO CPA'S PC
Mission
SEE SCHEDULE OOUR MISSION IS TO CREATE A NEW CULTURAL DISTRICT THAT ENCOMPASSES THE ARTS, CULTURE, DESIGN, AND EDUCATION. THE DISTRICT WILL ATTRACT A NEW GENERATION OF TALENT TO LIVE AND WORK IN THE COMMUNITY AND SERVE EXISTING COMMUNITY MEMBERS.
Program accomplishments
- OUR MISSION IS TO CREATE A NEW CULTURAL DISTRICT THAT ENCOMPASSES THE ARTS, CULTURE, DESIGN, AND EDUCATION. THE DISTRICT WILL ATTRACT A NEW GENERATION OF TALENT TO LIVE AND WORK IN THE COMMUNITY AND SERVE EXISTING COMMUNITY MEMBERS.Expenses $52,738
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-N on file |
IRS record
- EIN
- 93-2384126
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $271,064
- Income (IRS master file)
- $312,531
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $312,531 | $74,205 | $271,064 | IRS |
| 990-N for 2023 Officer: Tom Iovino | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 93-2384126).
Questions about CULTURAL DISTRICT OF THE PALM BEACHES INC
- What is the EIN of CULTURAL DISTRICT OF THE PALM BEACHES INC?
- The employer identification number (EIN) of CULTURAL DISTRICT OF THE PALM BEACHES INC is 93-2384126.
- Is CULTURAL DISTRICT OF THE PALM BEACHES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to CULTURAL DISTRICT OF THE PALM BEACHES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CULTURAL DISTRICT OF THE PALM BEACHES 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 CULTURAL DISTRICT OF THE PALM BEACHES 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 CULTURAL DISTRICT OF THE PALM BEACHES INC 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 CULTURAL DISTRICT OF THE PALM BEACHES INC?
- The 990 for the year ended December 31, 2024 names THOMAS IOVINO.
- Who are the officers and directors of CULTURAL DISTRICT OF THE PALM BEACHES INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does CULTURAL DISTRICT OF THE PALM BEACHES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $312,531, expenses of $74,205 and total assets of $271,064 at year end.
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All nonprofits in WEST PALM BCH · Florida · Arts, culture and humanities