ADRIENNE ARSHT CENTER TRUST INC

EIN: 650353695 501(c)(3) Arts, Culture & Humanities

MIAMI, FL

Total Revenue
$51,072,954
Total Expenses
$50,897,375
Total Assets
$58,894,042
Net Assets
$32,406,122
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
FL
Principal Officer
AARON FEINBERG
Phone
7864682000
Tax Period
2023-10-01 to 2024-09-30

ADRIENNE ARSHT CENTER TRUST INC, founded in 1991, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $51.1M in total revenue in fiscal year 2023.

Mission

THE ADRIENNE ARSHT CENTER IS A LEADER IN PRESENTING INNOVATIVE PROGRAMMING THAT MIRRORS SOUTH FLORIDA'S DIVERSITY, AS WELL AS A CATALYST FOR BILLIONS OF DOLLARS IN NEW DEVELOPMENT IN THE DOWNTOWN AREA. THE CENTER PRESENTS NEARLY 400 EVENTS EACH YEAR ACROSS ITS FLEXIBLE, STATE-OF-THE-ART PERFORMANCE SPACES. THE CENTER PROGRAMS SEVERAL SIGNATURE SERIES, INCLUDING THE LARGEST JAZZ SERIES IN SOUTH FLORIDA, A MAJOR ANNUAL FLAMENCO FESTIVAL, AND A ROBUST PROGRAM OF NEW THEATRICAL WORKS, AS WELL AS FREE PROGRAMMING FOR THE COMMUNITY AND AN ARTS EDUCATION PROGRAM THAT SERVES OVER 80,000 CHILDREN EACH YEAR. AS MIAMI'S NEW TOWN SQUARE, THE ARSHT CENTER ALSO HOUSES TEATRO, A FINE DINING RESTAURANT, AND ACCENT CAFE IN THE HISTORICAL CARNIVAL TOWER.

Program Service Accomplishments

Program 1
Expenses: $36,321,364 Revenue: $25,273,920

THE CENTER IS A SHOWCASE FOR THE FINEST IN ESTABLISHED AND DEVELOPING CULTURAL PROGRAMS. IT IS THE FOUNDATION ON WHICH ITS RESIDENT COMPANIES (FLORIDA GRAND OPERA, MIAMI CITY BALLET, AND NEW WORLD...

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THE CENTER IS A SHOWCASE FOR THE FINEST IN ESTABLISHED AND DEVELOPING CULTURAL PROGRAMS. IT IS THE FOUNDATION ON WHICH ITS RESIDENT COMPANIES (FLORIDA GRAND OPERA, MIAMI CITY BALLET, AND NEW WORLD SYMPHONY) BUILD THEIR PROGRAMS AND EXTEND THEIR REACH. THE CENTER ALSO SERVES AS A LABORATORY FOR SMALLER, EMERGING ORGANIZATIONS BY PROVIDING FIRST-CLASS, ACCESSIBLE FACILITIES. PROGRAMMING INCLUDES BROADWAY MUSICALS; WORLD MUSIC AND DANCE; LATIN POP; CABARET; JAZZ; HOLIDAY SPECIALS; THEATRE; STAND-UP COMEDY; CLASSICAL MUSIC; AND MODERN DANCE.

Program 2
Expenses: $3,651,446 Revenue: $33,458

ARTS EDUCATION AND COMMUNITY ENGAGEMENT ARE MAJOR COMPONENTS OF THE CENTER'S MISSION. THE CENTER HAS CREATED A STRONG, MULTI-FACETED INITIATIVE THAT ADDRESSES ARTS EDUCATION IN BOTH COMPREHENSIVE...

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ARTS EDUCATION AND COMMUNITY ENGAGEMENT ARE MAJOR COMPONENTS OF THE CENTER'S MISSION. THE CENTER HAS CREATED A STRONG, MULTI-FACETED INITIATIVE THAT ADDRESSES ARTS EDUCATION IN BOTH COMPREHENSIVE WAYS (E.G., LEARNING THROUGH THE ARTS) AND FOCUSED, INDIVIDUALIZED EFFORTS (SUCH AS AILEYCAMP MIAMI). OVERALL, APPROXIMATELY 80,000 K-12 STUDENTS IN MIAMI-DADE COUNTY PUBLIC SCHOOLS ARE IMPACTED BY THESE EFFORTS EVERY YEAR.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,873,811
Program Service Revenue $23,508,251
Investment Income $3,891,765
Other Revenue $1,799,127
TOTAL REVENUE $51,072,954

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,185,517
Fundraising Expenses $1,734,518
Program Expenses $39,972,810
Other Expenses $33,711,858
TOTAL EXPENSES $50,897,375

Year-over-Year Comparison

2023 2022 Change
Revenue $51,072,954 $53,082,272 0.0%
Expenses $50,897,375 $48,859,714 +0.0%
Net Income $175,579 $4,222,558 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
43
Independent Members
43
Employees
589
Volunteers
266

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
8
$1,089,552
Total Directors
46
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD C MILSTEIN CHAIRMAN 3.00
Officer Director
$0 $0 $0
HILLIT MEIDAR-ALFI CHAIR-ELECT 3.00
Officer Director
$0 $0 $0
PIERRE R APOLLON TREASURER UNTIL 1/2024, SECRETARY 3.00
Officer Director
$0 $0 $0
LUCILLE ZANGHI ASSISTANT TREASURER 3.00
Officer Director
$0 $0 $0
GERALD GRANT JR SECRETARY UNTIL 1/2024, TREASURER 3.00
Officer Director
$0 $0 $0
JORGE A PLASENCIA ASSISTANT SECRETARY 3.00
Officer Director
$0 $0 $0
NORMA JEAN ABRAHAM DIRECTOR 3.00
Director
$0 $0 $0
RODNEY ADKINS DIRECTOR 3.00
Director
$0 $0 $0
J RICKY ARRIOLA DIRECTOR 3.00
Director
$0 $0 $0
DOROTHY BENDROSS-MINDINGALL DIRECTOR 3.00
Director
$0 $0 $0
ZABA ST GEORGE CASTRO DIRECTOR 3.00
Director
$0 $0 $0
LISSETTE CALDERON DIRECTOR AS OF 5/2024 3.00
Director
$0 $0 $0
JEFF DAVIS DIRECTOR AS OF 10/2023 3.00
Director
$0 $0 $0
TANIA DOMINGUEZ DIRECTOR 3.00
Director
$0 $0 $0
MIKE EIDSON DIRECTOR 3.00
Director
$0 $0 $0
ALAN FEIN DIRECTOR 3.00
Director
$0 $0 $0
MEME FERRE DIRECTOR 3.00
Director
$0 $0 $0
LAURIE FLINK DIRECTOR 3.00
Director
$0 $0 $0
KAREN FRYD DIRECTOR 3.00
Director
$0 $0 $0
SEAN GAZITUA DIRECTOR 3.00
Director
$0 $0 $0
JESSICA GARRETT MODKINS DIRECTOR 3.00
Director
$0 $0 $0
BRIAN GOLDMEIER DIRECTOR 3.00
Director
$0 $0 $0
AKIVA GROSS DIRECTOR UNTIL 2/2024 3.00
Director
$0 $0 $0
EVELYN GREER DIRECTOR 3.00
Director
$0 $0 $0
KEON HARDEMON DIRECTOR 3.00
Director
$0 $0 $0
YOSBEL IBARRA DIRECTOR 3.00
Director
$0 $0 $0
DOTIE JOSEPH DIRECTOR 3.00
Director
$0 $0 $0
LILIAM LOPEZ DIRECTOR 3.00
Director
$0 $0 $0
PER-OLOF LOOF DIRECTOR UNTIL 1/2024 3.00
Director
$0 $0 $0
FLORENE LITTHCUT NICHOLS DIRECTOR UNTIL 1/2024 3.00
Director
$0 $0 $0
JUMAANE N'NNAMDI DIRECTOR 3.00
Director
$0 $0 $0
ARMANDO A OLMEDO DIRECTOR 3.00
Director
$0 $0 $0
LAUREN PARDO DIRECTOR 3.00
Director
$0 $0 $0
PAOLA PIERRE DIRECTOR 3.00
Director
$0 $0 $0
FATIMA PEREZ DIRECTOR 3.00
Director
$0 $0 $0
OSCAR PUIG-CORVE DIRECTOR 3.00
Director
$0 $0 $0
LARRY QUINLAN DIRECTOR 3.00
Director
$0 $0 $0
GARTH REEVES III DIRECTOR 3.00
Director
$0 $0 $0
RICK RODRIGUEZ PINA DIRECTOR 3.00
Director
$0 $0 $0
MARIO ERNESTO SANCHEZ DIRECTOR 3.00
Director
$0 $0 $0
Y DAVID SCHARF DIRECTOR 3.00
Director
$0 $0 $0
CAROLE ANN TAYLOR DIRECTOR 3.00
Director
$0 $0 $0
TINA VIDAL-DUART DIRECTOR AS OF 2/2024 3.00
Director
$0 $0 $0
LYNN WIENER DIRECTOR 3.00
Director
$0 $0 $0
MILES WILKIN DIRECTOR 3.00
Director
$0 $0 $0
AILEEN UGALDE IMMEDIATE PAST CHAIR 3.00
Director
$0 $0 $0
JOHANN ZIETSMAN PRESIDENT AND CEO 35.00
Officer
$396,578 $29,457 $858,018
THOMAS BERGER VICE PRESIDENT, FINANCE & CFO 40.00
Officer
$211,831 $19,703 $231,534
ELIZABETH WALLACE VICE PRESIDENT, PROGRAMMING 40.00
Highest
$245,685 $18,920 $264,605
MICHAEL HURT VICE PRESIDENT, OPERATIONS 40.00
Highest
$244,788 $18,722 $263,510
DALE EDWARDS VICE PRESIDENT, MARKETING 40.00
Highest
$233,277 $18,683 $251,960
PATRICIA BRENNAN VICE PRESIDENT, HUMAN RESOURCES 40.00
Highest
$205,677 $25,022 $230,699
VALERIE RILES - VP BOARD AND GOVERNMENT RELATIONS 40.00
Highest
$203,630 $20,202 $223,832
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 $51,072,954 $50,897,375 $58,894,042 $175,579
2023 $53,082,272 $48,859,714 $58,592,821 $4,222,558
2022 $30,971,312 $34,208,352 $39,013,646 $-3,237,040
2022 $30,917,076 $34,208,352 $39,013,646 $-3,291,276
2021 $35,550,513 $21,481,325 $40,375,100 $14,069,188
2020 $40,287,921 $36,417,360 $27,506,866 $3,870,561
2019 $42,178,580 $42,686,061 $25,547,280 $-507,481
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