NATIONAL SOCIETY OF ARTS & LETTERS FL E COAST

EIN: 471234612 501(c)(3)

BOCA RATON, FL

Total Revenue
$21,004
Total Expenses
$47,221
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
FL
Principal Officer
JUDI ASSELTA
Phone
5619970000
Tax Period
2020-07-01 to 2021-06-30

NATIONAL SOCIETY OF ARTS & LETTERS FL E COAST, founded in 2014, is a micro nonprofit that reported $21K in total revenue in fiscal year 2020. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $47K exceeded revenue, resulting in a 125% operating deficit.

Mission

THE ORGANIZATION FUNDS AND PROMOTES PUBLIC INTEREST IN THE CREATIVE ARTS THROUGH COMPETITIONS.

Program Service Accomplishments

Program 1
Expenses: $10,000 Revenue: $15,150

STARMAKER AWARD CEREMONY: THE CHAPTER HOSTS BESTOWED AWARDS IN RECOGNITION OF THE ACHIEVEMENTS OF YOUNG TALENTS IN OUR SPONSORED COMPETITIONS. DUE TO COVID 19 WE DID NOT HOLD STAR MAKER AWARDS IN...

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STARMAKER AWARD CEREMONY: THE CHAPTER HOSTS BESTOWED AWARDS IN RECOGNITION OF THE ACHIEVEMENTS OF YOUNG TALENTS IN OUR SPONSORED COMPETITIONS. DUE TO COVID 19 WE DID NOT HOLD STAR MAKER AWARDS IN APRIL 2021. WE TRANSFERRED 10,000 TO THE NEW ORGANIZATION OF WHICH 3,500 WAS FOR THE 2021 SCHOLARSHIPS PRESENTED AT THE RESCHEDULED STAR MAKER AWARDS ON OCTOBER 10,2021, AND 6,500 WAS FROM ADVANCE RESERVATIONS FOR THE OCTOBER 2021 EVENT.

Program 2
Expenses: $4,500

DANCE: GIVING LOCAL AREA TALENTS A CHANCE TO COMPETE AND DISPLAY THEIR PERFORMANCE SKILLS. DUE TO COVID 19 THE NATIONAL COMPETITION WAS HELD VIRTUALLY. THE 3,750 IN AWARDS WERE PRESENTED TO THE LOCAL...

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DANCE: GIVING LOCAL AREA TALENTS A CHANCE TO COMPETE AND DISPLAY THEIR PERFORMANCE SKILLS. DUE TO COVID 19 THE NATIONAL COMPETITION WAS HELD VIRTUALLY. THE 3,750 IN AWARDS WERE PRESENTED TO THE LOCAL WINNING COMPETITORS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $13,504
Program Service Revenue $7,500
Investment Income $0
Other Revenue $0
TOTAL REVENUE $21,004

Expense Breakdown

Grants Paid $13,750
Salaries & Benefits $0
Fundraising Expenses $8,260
Program Expenses $24,984
Other Expenses $33,471
TOTAL EXPENSES $47,221

Year-over-Year Comparison

2020 2019 Change
Revenue $21,004 $26,452 -0.2%
Expenses $47,221 $54,462 -0.1%
Net Income $-26,217 $-28,010 -0.1%
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
4
Independent Members
4
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDI ASSELTA PRESIDENT/TR 3.00
Officer Director
$0 $0 $0
KIM CHAMPION VICE PRESIDE 3.00
Officer Director
$0 $0 $0
KRISTEN STANLEY SECRETARY 3.00
Officer 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
2021 $21,004 $47,221 No data $-26,217
2020 $26,452 $54,462 $26,217 $-28,010
2019 $87,696 $61,007 $88,282 $26,689
2019 $58,244 $65,610 $54,227 $-7,366
2018 $60,585 $66,370 $63,843 $-5,785
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