BILL EDWARDS FOUNDATION FOR THE ARTS INC

EIN: 200198707 501(c)(3) Arts, Culture & Humanities

ST PETERSBURG, FL

Total Revenue
$6,024,340
Total Expenses
$6,109,411
Total Assets
$1,354,308
Net Assets
$857,502
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
FL
Principal Officer
WILLIAM EDWARDS
Phone
7273085100
Tax Period
2024-07-01 to 2025-06-30

BILL EDWARDS FOUNDATION FOR THE ARTS INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO EDUCATE, ENGAGE AND ENTERTAIN EVERYONE IN OUR COMMUNITY THROUGH THE PERFORMING ARTS, WITH AN EMPHASIS ON CULTURALLY DIVERSE PROGRAMMING.

Program Service Accomplishments

Program 1
Expenses: $5,304,728 Revenue: $4,410,370

BILL EDWARDS FOUNDATION FOR THE ARTS IS A DRIVING FORCE IN SUPPORTING THE PERFORMING ARTS IN ST. PETERSBURG. FOUNDED WITH A COMMITMENT TO ENRICHING THE COMMUNITY, THE FOUNDATION PLAYS A VITAL ROLE IN...

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BILL EDWARDS FOUNDATION FOR THE ARTS IS A DRIVING FORCE IN SUPPORTING THE PERFORMING ARTS IN ST. PETERSBURG. FOUNDED WITH A COMMITMENT TO ENRICHING THE COMMUNITY, THE FOUNDATION PLAYS A VITAL ROLE IN BRINGING WORLD-CLASS ARTISTS TO THE MAHAFFEY THEATER, EXPANDING ARTS EDUCATION PROGRAMS, AND ENSURING THAT DIVERSE, HIGH-QUALITY PERFORMANCES ARE ACCESSIBLE TO ALL. THROUGH GENEROUS DONATIONS, MEMBERSHIPS, AND CORPORATE PARTNERSHIPS, WE HAVE PROVIDED THOUSANDS OF STUDENTS WITH EXPOSURE TO THE ARTS, CREATED DYNAMIC OUTREACH PROGRAMS, AND FOSTERED A THRIVING CULTURAL LANDSCAPE. OUR DEDICATION TO EDUCATION, ENGAGEMENT, AND ENTERTAINMENT SHAPES THE FUTURE OF THE PERFORMING ARTS IN OUR COMMUNITY. ON AVERAGE, APPROXIMATELY 260 EVENTS ARE HOSTED AT THE THEATER FOR MORE THAN 200,000 VISITORS ANNUALLY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,613,644
Program Service Revenue $4,410,370
Investment Income $326
Other Revenue $0
TOTAL REVENUE $6,024,340

Expense Breakdown

Grants Paid $1,989
Salaries & Benefits $854,286
Fundraising Expenses $444,072
Program Expenses $5,304,728
Other Expenses $5,253,136
TOTAL EXPENSES $6,109,411

Year-over-Year Comparison

2024 2023 Change
Revenue $6,024,340 $4,296,837 +0.4%
Expenses $6,109,411 $4,463,631 +0.4%
Net Income $-85,071 $-166,794 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
17
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$117,440
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM EDWARDS CEO/DIRECTOR 10.00
Officer Director
$0 $0 $0
CAROLE MERRITT CO-CHAIR/DIRECTOR 1.00
Director
$0 $0 $0
DAVID DOWNING CO-CHAIR/DIRECTOR 1.00
Director
$0 $0 $0
BOB CHURUTI DIRECTOR (THRU 10/2025) 1.00
Director
$0 $0 $0
DONNA COTHRON DIRECTOR 1.00
Director
$0 $0 $0
BRADY DIGGS DIRECTOR 1.00
Director
$0 $0 $0
TRISH DUGGAN DIRECTOR 1.00
Director
$0 $0 $0
MITCHELL EGAN DIRECTOR 1.00
Director
$0 $0 $0
TYLER ILLER DIRECTOR (THRU 11/2024) 1.00
Director
$0 $0 $0
JIM MACDOUGALD DIRECTOR (THRU 6/2025) 1.00
Director
$0 $0 $0
MARK MAHAFFEY DIRECTOR 1.00
Director
$0 $0 $0
AMY HARRIET MILLER PRESIDENT (THRU 4/2025) 40.00
Officer
$110,831 $6,609 $117,440
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $6,024,340 $6,109,411 $1,354,308 $-85,071
2024 $4,296,837 $4,463,631 $1,367,177 $-166,794
2023 $4,732,725 $4,647,488 $1,504,707 $85,237
2019 $6,507,809 $6,013,408 $1,321,242 $494,401
2018 $4,439,638 $5,133,631 $1,183,650 $-693,993
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