ST PETERSBURG WAREHOUSE ARTS DISTRICT INC

EIN: 460826859 501(c)(3) Arts, Culture & Humanities

ST PETERSBURG, FL

Total Revenue
$949,982
Total Expenses
$737,465
Total Assets
$4,209,520
Net Assets
$2,453,497
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
FL
Principal Officer
ROBERT KAPUSTA
Phone
7272891420
Tax Period
2024-01-01 to 2024-12-31

ST PETERSBURG WAREHOUSE ARTS DISTRICT INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $950K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $213K, a strong 22% operating margin.

Mission

Our mission is to build and sustain a vibrant arts community in St. Petersburg, Florida that supports the success of all artists and the community at large through a broad spectrum of tools, including community revitalization, marketing, advocacy and educational programming within the St. Petersburg Warehouse Arts District. We are a cultural arts destination in the heart of downtown St. Petersburg dedicated to flourishing our community through artistic endeavors, support, and highly curated art. The Warehouse Arts District Association (WADA) is a 501(c)3 non-profit arts organization dedicated to building and sustaining a vibrant arts community within and around the Warehouse Arts District. Spanning from 1st Avenue North to 10th Avenue South and 16th Street to 31st Street, the Warehouse Arts District includes the Deuces Live Main Street and is comprised of a thriving community of over 300 businesses that support both the artistic outreach of the organization and the community revitaliza

Program Service Accomplishments

Program 1
Expenses: $211,401 Revenue: $1,024,633

The Warehouse Arts District Association (WADA) is a 501(c)3 non-profit arts organization dedicated to building and sustaining a vibrant arts community within and around the Warehouse Arts District in...

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The Warehouse Arts District Association (WADA) is a 501(c)3 non-profit arts organization dedicated to building and sustaining a vibrant arts community within and around the Warehouse Arts District in downtown St. Petersburg. Spanning from 1st Avenue North to 10th Avenue South and 16th Street to 31st Street, the Warehouse Arts District includes the Deuces Live Main Street and is comprised of a thriving community of over 300 businesses that support both the artistic outreach of the organization and the community revitalization. WADA employs a broad spectrum of tools, including marketing, advocacy, community stimulation, and educational programming to support the success of artists and community. The Education Center will serve all citizens, particularly those in the Midtown area, with accessible health, wellness, and art classes. For more information, please visit, warehouseartsdistrictstpete.com.

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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 $487,564
Program Service Revenue $12,072
Investment Income $1,236
Other Revenue $449,110
TOTAL REVENUE $949,982

Expense Breakdown

Grants Paid $0
Salaries & Benefits $233,636
Fundraising Expenses $0
Program Expenses $211,401
Other Expenses $503,829
TOTAL EXPENSES $737,465

Year-over-Year Comparison

2024 2023 Change
Revenue $949,982 $653,946 +0.5%
Expenses $737,465 $725,708 +0.0%
Net Income $212,517 $-71,762 -4.0%
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
19
Independent Members
19
Employees
8
Volunteers
20

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
3
$132,633
Total Directors
14
$132,633
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARKUS GOOTSCHLICH EXECUTIVE DIRCT 40.00
Officer Director
$132,633 $0 $132,633
JEFFREY SURRENA DIRECTOR OF OPERATIONS 40.00
$34,117 $0 $34,117
MARK AELING President 2.00
Officer Director
$0 $0 $0
ROBERT KAPUSTA Treasurer 2.00
Officer Director
$0 $0 $0
JOE FURST Director 2.00
Director
$0 $0 $0
TERESA SULLIVAN Secretary 2.00
Director
$0 $0 $0
JIM KAMMERUD Director 2.00
Director
$0 $0 $0
NANCY COHEN Director 2.00
Director
$0 $0 $0
BARCLAY HARLESS Director 2.00
Director
$0 $0 $0
JESSE JAVENS Director 2.00
Director
$0 $0 $0
VEATRICE FARRELL Director 2.00
Director
$0 $0 $0
LENORE KOPKO Vice President 2.00
Director
$0 $0 $0
NINA MAHMOUDI Director 2.00
Director
$0 $0 $0
SCOTT PICKENS Director 2.00
Director
$0 $0 $0
WENDY SNYDER Director 2.00
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 $949,982 $737,465 $4,209,520 $212,517
2023 $653,946 $725,708 $4,039,217 $-71,762
2022 $724,366 $813,036 $4,143,342 $-88,670
2021 $1,210,830 $673,479 $4,246,537 $537,351
2020 $496,479 $344,318 $3,666,624 $152,161
2018 $1,015,384 $476,019 $3,273,426 $539,365
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