Grace Arts Center Inc

EIN: 352420731 501(c)(3) Arts, Culture & Humanities

Fort Lauderdale, FL

Total Revenue
$404,749
Total Expenses
$319,749
Total Assets
$2,857,753
Net Assets
$2,815,363
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
FL
Phone
9548163324
Tax Period
2024-01-01 to 2024-12-31

Grace Arts Center Inc, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $405K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $85K, a strong 21% operating margin.

Mission

Grace Arts Center (GAC) hired sixty-five 65 creative and technical professionals including teams of researchers, filmmakers, historians, playwrights, actors, musicians, painters, coaches and technicians for a multitude of projects. Student graduates from a local public high school magnet arts program, who were the 2023 recipients of two travel abroad scholarships to Italy to study the musical arts, returned to participate in an original play produced by GAC in 2024. The organization also completed a third summer arts studio related to the Street Art Regatta, hiring artists to create an original artwork for a local dance organization that provides dance scholarships for many Broward County children. The first feature length historical documentary was made by GAC in 2024 and selected for a world premiere in early 2025. The original Shakespeare production produced and created by GAC?s director with local playwright in 2022, was selected for a special presentation by the Broward County Pub

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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 $228,399
Program Service Revenue $56,920
Investment Income $1,266
Other Revenue $118,164
TOTAL REVENUE $404,749

Expense Breakdown

Grants Paid $153,529
Salaries & Benefits $17,900
Fundraising Expenses $0
Program Expenses $319,749
Other Expenses $148,320
TOTAL EXPENSES $319,749

Year-over-Year Comparison

2024 2023 Change
Revenue $404,749 $521,661 -0.2%
Expenses $319,749 $350,201 -0.1%
Net Income $85,000 $171,460 -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
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Clare Vickery Director 20.00
Director
$0 $0 $0
Troy Inch Director 3.00
Director
$0 $0 $0
David Benjamin Director 3.00
Director
$0 $0 $0
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
2024 $404,749 $319,749 $2,857,753 $85,000
2024 $404,749 $319,749 $2,857,753 $85,000
2023 $521,661 $350,201 $2,787,324 $171,460
2022 $277,168 $211,304 $2,615,864 $65,864
2022 $277,168 $211,304 $2,615,864 $65,864
2021 $258,501 $146,422 $6,213,412 $112,079
2020 $120,740 $21,001 $5,984,430 $99,739
2019 $2,769,714 $51,487 $6,051,485 $2,718,227
2018 $1,481,476 $176,112 $3,333,257 $1,305,364
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