Monroe Council Of The Arts Corporation, Florida Keys Council Of The Arts in Key West, Florida (FL)

Monroe Council Of The Arts Corporation, Florida Keys Council Of The Arts
Employer Identification Number (EIN)	650737532
Name of Organization	Monroe Council Of The Arts Corporation
Secondary Name	Florida Keys Council Of The Arts
Address	1100 Simonton St, Key West, FL 33040-3110
Activities	Described in section 170(b)1)(a)(vi) of the Code, Gifts or grants to individuals (other than scholarships)
Subsection	Charitable Organization
Ruling Date	02/1998
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Association
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$25,000 to $99,999
Income	$100,000 to $499,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$85,591
Amount of Income	$321,491
Form 990 Revenue Amount	$321,491
National Taxonomy of Exempt Entities (NTEE)	Arts, Culture and Humanities: Arts Council/Agency

Non-representatives - add comments:

Amount of income in 2014: $321,491 (it was $320,473 in 2013)

This organization:	$321,491
Other organizations performing similar types of work:	$208,353

Assets in 2014: $85,591 (it was $88,725 in 2013)

This organization:	$85,591
Other organizations performing similar types of work:	$223,826

Expenses in 2013: $317,984

Monroe Council Of The Arts Corporation, Florida Keys Council Of The Arts:	$317,984
Other organizations performing similar types of work:	$198,715

Income to expenses ratio in 2013: 1.0

Monroe Council Of The Arts Corporation, Florida Keys Council Of The Arts:	1.0
Other organizations performing similar types of work:	1.1

Grants share in income in 2013: 93.5%

Monroe Council Of The Arts Corporation, Florida Keys Council Of The Arts:	93.5%
Other organizations performing similar types of work:	77.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	No	No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	Yes	Yes
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	Yes	Yes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		0	0
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		0	0
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No
Has it filed a Form 990-T for this year?		No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$55,000	$57,750
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$0	$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization	0	0
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0

	2011	2012	2013
Statement of Revenue
Total revenue	$296,747	$260,971	$320,473
Contributions, Gifts, Grants and Other Similar Amounts	$273,715	$251,974	$299,593
Program Service Revenue	$11,300	$9,808	$13,995
9000		$9,808	$13,995
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$1,914	$2,134	$2,215
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$0	$0
Net rental income	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$0	$0	$0
Net income/loss from fundraising events	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$9,818	$-2,945	$4,670
All other revenue		$-2,945	$4,670

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$300,828	$258,623	$317,984
Grants and other assistance to domestic organizations and domestic governments		$0	$0
Grants and other assistance to domestic individuals		$32,900	$33,534
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$55,000	$55,000	$57,750
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$68,841	$58,918	$64,420
Pension plan accruals and contributions		$0	$0
Other employee benefits		$0	$0
Payroll taxes	$9,568	$9,148	$10,008
Fees for services (non-employees)
Management		$0	$0
Legal		$0	$0
Accounting		$4,300	$4,300
Lobbying		$0	$0
Professional fundraising services	$0	$0	$0
Investment management fees		$536	$930
Other		$0	$0
Advertising and promotion		$6,318	$30,292
Office expenses		$8,688	$2,459
Information technology		$0	$0
Royalties		$0	$0
Occupancy		$22,945	$24,171
Travel		$2,836	$3,303
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$0	$0
Interest		$0	$0
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$1,847	$1,924
Insurance		$7,088	$9,833
Other expenses		$12,884	$29,254
Other expenses		$1,408	$1,675
Other expenses		$1,598	$1,343
Other expenses		$2,016	$200
Other expenses		$30,193	$42,588

	2011	2012	2013
Balance Sheet
Total assets	$77,759	$82,158	$88,725
Cash - non-interest-bearing		$200	$0
Savings and temporary cash investments		$57,515	$69,684
Pledges and grants receivable, net		$19,423	$15,333
Accounts receivable, net		$0	$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$0	$0
Inventories for sale or use		$0	$0
Prepaid expenses and deferred charges		$889	$889
Land, buildings, and equipment: cost or other basis		$4,131	$2,819
Investments - publicly traded securities		$0	$0
Investments - other securities		$0	$0
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$0	$0
Total liabilities	$14,007	$16,059	$20,237
Accounts payable and accrued expenses		$8,359	$17,312
Grants payable		$0	$0
Deferred revenue		$7,700	$2,925
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$0	$0
Total net assets or fund balances	$63,752	$66,099	$68,488
Unrestricted net assets		$8,584	$4,427
Temporarily restricted net assets		$57,515	$64,061
Permanently restricted net assets		$0	$0
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
Public Support	$1,386,429
Subtotal Support	$1,386,429
Gifts, grants, contributions, and membership fees received	$1,386,429
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support	$0
Total Support	$1,397,697
Public Support	$1,386,429
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$6,598
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income. Do not include gain or loss from the sale of capital assets	$4,670
Gross receipts from related activities, etc.	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Caladium Arts & Crafts Cooperative Inc	132 E Interlake Blvd, Lake Placid, FL 33852-9577	FL	1994-03	$121,457
2	Walton Arts Center Council Inc	PO BOX 3547, Fayetteville, AR 72702-3547	AR	1988-08	$16,571,540
3	Center For The Arts Of Bonita Springs Inc	26100 Old 41 Rd, Bonita Spgs, FL 34135-8613	FL	1992-05	$4,308,389
4	Shreveport Regional Arts Council	801 Crockett St, Shreveport, LA 71101-3435	LA	1977-03	$4,297,085
5	Western States Arts Federation	1743 Wazee St Ste 300, Denver, CO 80202-1280	CO	1973-02	$3,845,732
6	The Art League Inc	105 N Union St, Alexandria, VA 22314-3217	VA	1971-10	$3,525,869
7	Cultural Council Of Greater Jacksonville Inc	300 Water St Ste 201, Jacksonville, FL 32202-4443	FL	1975-08	$3,208,544
8	Cultural Council Of Palm Beach County Inc	601 Lake Ave, Lake Worth, FL 33460-3810	FL	1979-02	$2,769,463
9	Coconut Grove Arts & Historical	3390 Mary St Ste 128, Coconut Grove, FL 33133-5252	FL	1991-10	$1,977,279
10	Vermont Council On The Arts Inc, Vermont Arts Council	136 State St, Montpelier, VT 05633-0001	VT	1967-04	$1,849,495
11	Texarkana Regional Arts & Humanities Council Inc	PO BOX 1171, Texarkana, TX 75504-1171	TX	1978-06	$1,443,697
12	United Arts Council Of Raleigh And Wake County Inc	410 Glenwood Ave Ste 170, Raleigh, NC 27603-1292	NC	1966-05	$1,366,249
13	United Arts Council Of Greater Greensboro Inc	200 N Davie Street Ste 201 Box 5, Greensboro, NC 27401-2865	NC	1962-09	$1,302,409
14	The Arts Center Of The Capital Region	265 River St, Troy, NY 12180-3215	NY	1966-05	$1,165,700
15	Cultural Arts Association Of Walton County Inc	105 Hogtown Bayou Ln, Santa Rsa Bch, FL 32459-3825	FL	1993-06	$868,202
16	Rockport Art Association Inc	902 Navigation Cir, Rockport, TX 78382-2780	TX	1972-07	$828,439
17	Brevard Cultural Alliance Inc	2725 Judge Fran Jamieson Way C-307, Viera, FL 32940-6605	FL	1977-07	$777,672
18	Monroe Council Of The Arts Corporation, Florida Keys Council Of The Arts	1100 Simonton St, Key West, FL 33040-3110	FL	1998-02	$321,491
19	Cultural Council Inc	7745 Sw 142nd St, Palmetto Bay, FL 33158-1514	FL	1990-12	$60,206
20	South Walton Three Arts Alliance Inc	PO BOX 2042, Santa Rsa Bch, FL 32459-2042	FL	1996-10	$0

Number of organizations performing similar types of work

Alaska	3
Alabama	4
Arkansas	5
Arizona	6
California	21
Colorado	10
Connecticut	4
District of Columbia	1
Florida	10
Georgia	5
Hawaii	1
Idaho	2
Illinois	3
Indiana	5
Kansas	4
Kentucky	3
Louisiana	6
Massachusetts	2
Maryland	2
Maine	1
Michigan	8
Minnesota	4
Missouri	5
Mississippi	3

Montana	1
North Carolina	5
North Dakota	1
Nebraska	2
New Hampshire	4
New Jersey	3
New Mexico	3
Nevada	1
New York	17
Ohio	5
Oklahoma	1
Oregon	4
Pennsylvania	10
South Carolina	6
South Dakota	2
Tennessee	5
Texas	13
Utah	2
Virginia	5
Vermont	1
Washington	4
Wisconsin	3
International	1

Total

217

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