Society Of The Four Arts in Palm Beach, Florida (FL)

Organization representatives - add corrected or new information about Society Of The Four Arts »

Non-representatives - add comments about Society Of The Four Arts»

Society Of The Four Arts
Employer Identification Number (EIN)590454318
Name of OrganizationSociety Of The Four Arts
AddressFour Arts Plaza, Palm Beach, FL 33480
ActivitiesOther school related activities, Library, Museum, zoo, planetarium, etc.
SubsectionEducational Organization
Ruling Date05/1952
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$70,127,634
Amount of Income$15,975,689
Form 990 Revenue Amount$10,853,243
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


Non-representatives - add comments:


CAPTCHA

Your IP address 44.200.32.31 will be logged.

Amount of income in 2014: $15,975,689 (it was $9,853,986 in 2013)
This organization: 

 $15,975,689
Other organizations performing similar types of work: 

 $195,015

Assets in 2014: $70,127,634 (it was $66,947,920 in 2013)
Society Of The Four Arts: 

 $70,127,634
Other organizations performing similar types of work: 

 $137,152

Expenses in 2014: $7,873,931
Society Of The Four Arts: 

 $7,873,931
Other organizations performing similar types of work: 

 $181,390

Income to expenses ratio in 2014: 2.0
Society Of The Four Arts: 

 2.0
Other organizations performing similar types of work: 

 1.0

Number of employees in 2014: 41
Society Of The Four Arts: 

 41
Other organizations performing similar types of work: 

 6

Employees paid over $100,000 in 2014: 19.5%
This organization: 

 19.5%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 71.9%
This organization: 

 71.9%
Other organizations performing similar types of work: 

 49.7%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
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?NoNoNo
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?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYesYes
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?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYesYes
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?YesYesYes
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)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
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?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesNoYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYesYes
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?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
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?NoNoNo
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?NoNoNo
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?NoNoNo
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?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?YesYesYes
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?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesYesYes
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?YesYesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
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?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096677483
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
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 return394441
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
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)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
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?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
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?YesNoYes
Did the organization notify the donor of the value of the goods or services provided?YesNoYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
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$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$558,214$576,704$616,319
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$112,331$108,010$104,202
Total number of individuals who received more than $100,000 of reportable compensation from the organization333
Total number of independent contractors who received more than $100,000 of compensation from the organization155
Statement of Revenue
2011201220132014
Total revenue$10,614,296$16,641,962$9,853,986$10,853,243
Contributions, Gifts, Grants and Other Similar Amounts$9,296,643$13,782,051$8,204,571$7,807,882
Program Service Revenue$311,703$456,265$455,280$685,323
900099$430,675$455,280$681,345
900099$25,590$0$3,978
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$648,134$847,538$679,190$796,070
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$2,444
Gross rents (Real / Personal)$0 / $0$2,800 / $0$4,800 / $0$4,800 / $0
Less: rental expenses (Real / Personal)$0 / $0$2,800 / $0$4,800 / $0$2,356 / $0
Rental income or (loss) (Real / Personal)$0 / $0$0 / $0$0 / $0$2,444 / $0
Net gain/loss from sales of assets other than inventory$42,719$829,691$441,202$1,226,710
Gross amount from sales of assets other than inventory (Securities / Other)$2,743,587 / $0$16,697,839 / $0$5,287,355 / $0$5,779,645 / $0
Less: cost or other basis and sales expenses (Securities / Other)$2,695,623 / $5,245$15,861,744 / $6,404$4,845,015 / $1,138$4,551,626 / $1,309
Gain or (loss) (Securities / Other)$47,964 / $-5,245$836,095 / $-6,404$442,340 / $-1,138$1,228,019 / $-1,309
Net income/loss from fundraising events$0$241,011$0$226,436
Gross income from fundraising events$0$652,800$0$793,591
Less: direct expenses$0$411,789$0$567,155
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$315,097$485,406$73,743$108,378
900099$483,367$66,919$108,378
All other revenue$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$5,339,243$6,573,589$6,788,614$7,873,931
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$368,375$659,197$685,717$843,117
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$1,202,015$1,121,917$1,337,131$1,356,955
Pension plan accruals and contributions$100,620$85,872$115,713
Other employee benefits$108,053$119,766$144,020
Payroll taxes$117,894$135,927$148,819$162,927
Fees for services (non-employees)
Management$0$0$0
Legal$43,892$40,727$18,031
Accounting$35,495$27,591$34,320
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$140,363$14,653$203,436
Other$191,430$312,007$318,526
Advertising and promotion$132,934$129,670$166,379
Office expenses$0$224,704$243,802
Information technology$0$0$0
Royalties$0$0$0
Occupancy$0$312,739$386,954
Travel$17,944$26,947$51,843
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$0
Interest$0$25,173$40,379
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$593,777$801,092$1,149,759
Insurance$96,837$103,456$107,849
Other expenses$1,978,959$1,087,622$1,389,369
Other expenses$473,248$458,570$632,139
Other expenses$263,921$413,000$280,506
Other expenses$94,953$205,055$102,577
Other expenses$384,122$228,303$125,330
Balance Sheet
2011201220132014
Total assets$55,550,593$63,634,189$66,947,920$70,127,634
Cash - non-interest-bearing$0$0$0
Savings and temporary cash investments$4,982,308$2,075,899$2,427,499
Pledges and grants receivable, net$7,005,379$3,846,431$3,081,133
Accounts receivable, net$0$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$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$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$518,158$372,397$503,934
Land, buildings, and equipment: cost or other basis$24,555,007$32,226,776$31,691,752
Investments - publicly traded securities$24,649,916$27,432,579$31,325,029
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$1,923,421$993,838$1,098,287
Total liabilities$5,525,075$5,791,002$4,668,218$2,317,487
Accounts payable and accrued expenses$663,459$209,549$193,764
Grants payable$0$0$0
Deferred revenue$103,300$41,000$0
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$4,431,490$4,431,490$3,681,490$1,193,235
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$592,753$736,179$930,488
Total net assets or fund balances$50,025,518$57,843,187$62,279,702$67,810,147
Unrestricted net assets$28,465,377$38,710,527$42,079,767
Temporarily restricted net assets$28,377,810$22,569,175$24,730,380
Permanently restricted net assets$1,000,000$1,000,000$1,000,000
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$41,430,852
Subtotal Support$43,899,430
Gifts, grants, contributions, and membership fees received$43,899,430
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$2,468,578
Total Support$47,543,786
Public Support$43,899,430
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$3,605,854
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$38,502
Gross receipts from related activities, etc.$4,092,279
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$4,046$0$4,046
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$40,461$0$4,046
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$4,046
Net operating loss deduction$4,046
Unrelated business taxable income before specific deduction$0
Specific deduction$1,000
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Society Of The Four Arts to others? (optional)
  
Add photo of Society Of The Four Arts (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Atlantic Center For The Arts Inc1414 Art Center Ave, New Smyrna, FL 32168-5560FL1980-08$2,481,924
2Hollywood Art And Culture Center Inc1650 Harrison St, Hollywood, FL 33020-6806FL1980-03$1,235,175
3Society Of The Four ArtsFour Arts Plaza, Palm Beach, FL 33480FL1952-05$15,975,689
4St Anns Warehouse Inc55 Washington St Ste 458, Brooklyn, NY 11201-1059NY1984-01$5,107,486
5The Wichita Center For The Arts Inc9112 E Central Ave, Wichita, KS 67206-2506KS1935-07$3,431,371
6Ocean Reef Cultural Center Inc200 Anchor Dr, Key Largo, FL 33037-5202FL1998-07$3,369,337
7Museum Of Contemporary Art Santa Barbara Inc653 Paseo Nuevo, Santa Barbara, CA 93101-3392CA1979-02$3,272,599
8The Ark117 N 1st St Ste 40, Ann Arbor, MI 48104-1354MI1984-03$3,164,867
9Osceola Center For The Arts2411 E Irlo Bronson Memorial Hwy, Kissimmee, FL 34744-5430FL1967-03$764,110
10Florida Arts Inc2301 First St, Fort Myers, FL 33901-2903FL1997-07$642,611
11Cultural Center At Ponte Vedra Beach Inc50 Executive Way, Ponte Vedra, FL 32082-2771FL1995-07$629,524
12The Latin Quarter Cultural Center Of Miami Inc1501 Sw 8th St, Miami, FL 33135-5218FL1988-09$395,324
13Mount Dora Center For The Arts Inc138 E 5th Ave, Mount Dora, FL 32757-5573FL1986-04$387,609
14New York Center For Art & Awareness Inc9644 Cobalt Cove Cir, Naples, FL 34120-4664FL1987-05$266,005
15Gasparilla Festival Of The Arts IncPO BOX 10591, Tampa, FL 33679-0591FL1971-08$241,070
16St Petersburg International Folk Fair Society Inc330 -5th Street N, St Petersburg, FL 33701FL1981-02$124,250
17Suntan Art Center Inc3300 Gulf Blvd, St Pete Beach, FL 33706-4047FL1969-09$102,449
18Temple Terrace Community Arts Festival IncPo Box 291266, Temple Terrace, FL 33687FL1989-07$13,275
19Carl Lauderman Music Artists, Big Water Arts3133 Sw 25 Terrace, Miami, FL 33133FL2008-07$0
20Native Heritage Gathering1280 Marshall Court, Merritt Island, FL 32953FL2003-05$0
Number of organizations performing similar types of work
Alaska4
Alabama5
Arkansas8
Arizona9
California76
Colorado18
Connecticut14
District of Columbia5
Delaware1
Florida33
Georgia11
Hawaii12
Iowa6
Idaho2
Illinois20
Indiana5
Kansas10
Kentucky4
Louisiana11
Massachusetts31
Maryland19
Maine6
Michigan21
Minnesota15
Missouri11
Mississippi2
Montana7
North Carolina27
North Dakota2
Nebraska6
New Hampshire4
New Jersey18
New Mexico4
Nevada2
New York75
Ohio23
Oklahoma4
Oregon11
Pennsylvania38
Rhode Island3
South Carolina5
South Dakota2
Tennessee15
Texas34
Utah8
Virginia24
Vermont10
Washington16
Wisconsin13
West Virginia9
International1
Total720

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Society Of The Four Arts and has no official or unofficial affiliation with Society Of The Four Arts