Lively Arts Center Inc in Daytona Beach, Florida (FL)

Lively Arts Center Inc
Employer Identification Number (EIN)	593434156
Name of Organization	Lively Arts Center Inc
In Care of Name	David Kendall
Address	221 North Beach Street, Daytona Beach, FL 32114-3321
Activities	Described in section 509(a)(2) of the Code, Other cultural or historical activities
Subsection	Charitable Organization
Ruling Date	07/1997
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	09/2006
Assets	$10,000,000 to $49,999,999
Income	$5,000,000 to $9,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$34,313,399
Amount of Income	$7,090,150
Form 990 Revenue Amount	$7,031,150
National Taxonomy of Exempt Entities (NTEE)	Arts, Culture and Humanities: Performing Arts Centers

Non-representatives - add comments:

Amount of income in 2006: $7,090,150

This organization:	$7,090,150
Other organizations performing similar types of work:	$1,081,163

Assets in 2006: $34,313,399

This organization:	$34,313,399
Other organizations performing similar types of work:	$1,375,711

Expenses in 2007: $3,136,855

Lively Arts Center Inc:	$3,136,855
Other organizations performing similar types of work:	$939,880

Income to expenses ratio in 2007: 0.4

Lively Arts Center Inc:	0.4
Other organizations performing similar types of work:	1.1

Expenses allocated to program services in 2007: 88.0%

Lively Arts Center Inc:	88.0%
Other organizations performing similar types of work:	79.1%

Number of employees in 2007: 6

This organization:	6
Other organizations performing similar types of work:	26

Employees paid over $50,000 in 2007: 50.0%

Lively Arts Center Inc:	50.0%
Other organizations performing similar types of work:	8.8%

Grants share in income in 2007: 9.9%

Lively Arts Center Inc:	9.9%
Other organizations performing similar types of work:	41.6%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

	2003	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$13,613,368	$5,247,368	$7,031,150	$1,192,146	$1,144,433
Contributions, gifts, grants, and similar amounts received	$13,522,753	$5,120,874	$6,363,041	$191,881	$113,345
Contributions to donor advised funds				$0	$0
Direct public support	$13,300,285	$538,883	$1,482,831	$126,822	$53,218
Indirect public support	$0	$0	$0	$0	$0
Government contributions (grants)	$222,468	$4,581,991	$4,880,210	$65,059	$60,127
Program service revenue including government fees and contracts	$0	$0	$547,818	$948,444	$1,018,686
Membership dues and assessments	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$90,615	$126,494	$64,889	$51,821	$12,402
Dividends and interest from securities	$0	$0	$0	$0	$0
Net rental income or (loss)	$0	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$0	$0	$0	$0
Gross amount from sales of assets other than inventory	$0	$0	$0	$0	$0
Less: cost or other basis and sales expenses	$0	$0	$0	$0	$0
Net income or (loss) from special events and activities	$0	$0	$55,402	$0	$0
Gross revenue	$0	$0	$114,402	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$59,000	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0
Total expenses	$361,815	$575,218	$1,874,772	$2,301,636	$3,136,855
Program services	$0	$0	$1,456,646	$1,906,074	$2,761,719
Management and general	$217,283	$455,731	$314,357	$335,406	$328,759
Fundraising	$144,532	$119,487	$103,769	$60,156	$46,377
Payments to affiliates	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$20,673,556	$25,300,056	$30,696,434	$29,428,558	$27,144,822
Excess or (deficit) for the year	$13,251,553	$4,672,150	$5,156,378	$-1,109,490	$-1,992,422
Net assets or fund balances at beginning of year	$2,742,675	$20,673,556	$25,300,056	$30,696,434	$29,428,558
Other changes in net assets or fund balances	$4,679,328	$-45,650	$240,000	$-158,386	$-291,314

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$3,136,855	$2,761,719	$328,759	$46,377
Grants paid from donor advised funds		$0
Other grants and allocations		$700,000
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$141,357	$84,814	$42,407	$14,136
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$281,675	$174,379	$80,472	$26,824
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$0	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$67,317	$0	$67,317	$0
Legal fees	$5,576	$0	$5,576	$0
Supplies	$7,394	$5,400	$1,994	$0
Telephone	$14,635	$6,586	$4,537	$3,512
Postage and shipping	$1,810	$362	$905	$543
Occupancy	$335,069	$314,965	$20,104	$0
Equipment rental and maintenance	$2,677	$2,516	$161	$0
Printing and publications	$1,981	$0	$1,981	$0
Travel	$109	$0	$109	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$981,015	$922,154	$58,861	$0
Other expenses not covered above	$596,240	$550,543	$44,335	$1,362

	2003	2004	2005	2006	2007
Balance Sheets
Total assets	$27,982,256	$35,235,120	$34,313,399	$32,126,623	$29,938,995
Cash - non-interest-bearing	$19,636	$20,155	$290,510	$17,484	$58,674
Savings and temporary cash investments	$15,069,025	$6,099,708	$1,307,472	$1,258,576	$153,638
Accounts receivable less allowance for doubtful accounts	$10,033	$0	$47,942	$79,162	$315,620
Pledges receivable less allowance for doubtful accounts	$4,491,028	$4,019,536	$4,054,944	$3,663,235	$3,318,049
Grants receivable	$0	$984,589	$755,707	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)				$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$1,723	$2,950	$25,831	$41,703	$0
Investments - publicly-traded securities				$0	$0
Investments - other securities	$0	$0	$0	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$8,386,767	$24,104,188	$27,803,117	$27,038,587	$26,065,138
Other assets, including program-related investments	$4,044	$3,994	$27,876	$27,876	$27,876
Total liabilities	$7,308,700	$9,935,064	$3,616,965	$2,698,065	$2,794,173
Accounts payable and accrued expenses	$1,408,700	$3,321,852	$404,031	$36,237	$58,094
Grants payable	$0	$0	$0	$0	$0
Deferred revenue	$5,900,000	$2,398,212	$11,875	$11,828	$86,079
Loans from officers, directors, trustees, and key employees	$0	$4,215,000	$2,650,000	$2,650,000	$2,650,000
Tax-exempt bond liabilities	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$0	$551,059	$0	$0
Other liabilities	$0	$0	$0	$0	$0
Total liabilities and net assets/fund balances	$27,982,256	$35,235,120	$34,313,399	$32,126,623	$29,938,995
Total net assets or fund balances	$20,673,556	$25,300,056	$30,696,434	$29,428,558	$27,144,822

	2003	2004	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$13,613,368	$5,247,368	$7,031,150	$1,192,146	$0
Total revenue, gains, and other support per audited financial statements	$13,837,168	$5,247,368	$7,531,014	$1,662,272	$0
Other expenses	$223,800	$0	$499,864	$470,126	$0
Net unrealized gains on investments	$0	$0	$0	$16,201	$0
Donated services and use of facilities	$223,800	$0	$440,864	$453,925	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0
Other	$0	$0	$59,000	$0	$0
Other revenue	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0

	2003	2004	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$361,815	$575,218	$1,874,772	$2,301,636	$0
Total expenses and losses per audited financial statements	$585,615	$575,218	$2,374,636	$2,755,561	$0
Other revenue	$223,800	$0	$499,864	$453,925	$0
Donated services and use of facilities	$223,800	$0	$440,864	$453,925	$0
Prior year adjustments	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0
Other	$0	$0	$59,000	$0	$0
Other expenses	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
40	$141,357	$0	$0

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	26
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	No

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	6

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$12,402	$1,018,686
Program service revenue
Program service revenue 1	000000	$0	00	$0	$38,874
Program service revenue 2	000000	$0	00	$0	$704,587
Program service revenue 3	000000	$0	00	$0	$211,115
Program service revenue 4	000000	$0	00	$0	$1,610
Program service revenue 5	000000	$0	00	$0	$62,500
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$12,402	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$95,846	$0	$0
$85,375	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Organization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees

	2002	2003	2004	2005	2006
Support Schedule
Total	$735,748	$20,743,901	$1,196,867	$5,313,145	$2,255,252
Gifts, grants, and contributions received	$725,712	$20,429,486	$846,573	$4,398,303	$1,200,533
Membership fees received	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$626,153	$779,098
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$10,036	$90,615	$126,494	$64,889	$51,821
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$223,800	$223,800	$223,800	$223,800
Other income	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Artis-Naples Inc	5833 Pelican Bay Blvd, Naples, FL 34108-2740	FL	1984-03	$67,884,298
2	Raymond F Kravis Center For The Performing Arts Inc	701 Okeechobee Blvd, West Palm Bch, FL 33401-6323	FL	1983-09	$57,917,707
3	Tampa Bay Performing Arts Center	1010 N W C Macinnes Pl, Tampa, FL 33602-3720	FL	1981-05	$34,929,979
4	Ruth Eckerd Hall Inc	1111 N Mcmullen Booth Rd, Clearwater, FL 33759-3219	FL	1979-06	$20,650,669
5	Lively Arts Center Inc	221 North Beach Street, Daytona Beach, FL 32114-3321	FL	1997-07	$7,090,150
6	Ruth Eckerd Hall Foundation Inc	1111 Mcmullen Booth Rd, Clearwater, FL 33759	FL	1988-03	$4,596,635
7	Cultural Arts Center Inc	600 N Woodland Blvd, Deland, FL 32720-3447	FL	1986-02	$333,857
8	Wang Theatre Inc	270 Tremont St, Boston, MA 02116-5603	MA	1997-05	$13,648,737
9	Strathmore Hall Foundation Inc	5301 Tuckerman Ln, N Bethesda, MD 20852-3385	MD	1982-10	$13,211,760
10	Washington Performing Arts Society	2000 L St Nw Ste 510, Washington, DC 20036-4918	DC	1965-12	$10,705,682
11	Sunvalley Summer Symphony Inc	PO BOX 1914, Sun Valley, ID 83353-1914	ID	1985-10	$7,644,882
12	The Florida Theatre Performing Arts	128 E Forsyth Street, Jacksonville, FL 32202-3366	FL	1988-04	$5,804,418
13	Maxwell C King Center For The Performing Arts Inc	1519 Clearlake Rd, Cocoa, FL 32922-6598	FL	1988-03	$4,231,164
14	Tremont Theatre Inc	270 Tremont St, Boston, MA 02116-5603	MA	1997-05	$3,449,933
15	Stages Inc	3201 Allen Parkway, Houston, TX 77019-1811	TX	1978-10	$3,030,070
16	San Francisco Performances Inc	500 Sutter St Ste 710, San Francisco, CA 94102-1116	CA	1979-10	$2,706,999
17	Sunrise Theatre Inc	117 S 2nd St, Fort Pierce, FL 34950-4305	FL	1999-05	$2,637,639
18	Palladium Theater Inc	253 5th Ave N, St Petersburg, FL 33701-2915	FL	1998-08	$2,626,941
19	Zeiterion Theatre Inc	684 Purchase St, New Bedford, MA 02740-6340	MA	1988-01	$2,583,162
20	Central Florida Cultural Endeavors Inc	212 South Beach Street, Daytona Beach, FL 32114	FL	1976-10	$1,203,428

Number of organizations performing similar types of work

Alaska	2
Arkansas	1
Arizona	2
California	31
Colorado	4
Connecticut	10
District of Columbia	4
Delaware	1
Florida	16
Georgia	4
Hawaii	1
Idaho	3
Illinois	8
Indiana	5
Kansas	4
Kentucky	3
Louisiana	3
Massachusetts	20
Maryland	6
Maine	5
Michigan	12
Minnesota	4
Missouri	5

Mississippi	1
Montana	2
North Carolina	6
New Hampshire	6
New Jersey	9
New Mexico	1
New York	34
Ohio	16
Oklahoma	3
Oregon	4
Pennsylvania	14
Rhode Island	2
South Carolina	2
South Dakota	1
Tennessee	3
Texas	19
Utah	1
Virginia	6
Vermont	5
Washington	11
Wisconsin	9
West Virginia	2
Wyoming	1

Total

312

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