ISLAND GALLERY AND STUDIOS INC

EIN: 650400009 501(c)(3) Human Services

BRADENTON, FL

Total Revenue
$71,309
Total Expenses
$67,853
Total Assets
$14,324
Net Assets
$14,115
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
FL
Principal Officer
DAWN GERARDOT
Phone
9417786648
Tax Period
2023-09-23 to 2024-04-30

ISLAND GALLERY AND STUDIOS INC, founded in 1993, is a micro nonprofit in the Human Services sector that reported $71K in total revenue in fiscal year 2023. Expenses of $68K left a modest 5% surplus.

Mission

OUR MISSION IS TO PROVIDE A SUPPORTIVE, COLLABORATIVE AND ENRICHING VENUE FOR ARTISTS TO EXHIBIT AND MARKET THEIR WORK; AND TO CELEBRATE, PROMOTE AND EXPAND THE LOCAL ARTS COMMUNITY THROUGH EDUCATION AND OUTREACH.

Program Service Accomplishments

Program 1
Expenses: $60,254 Revenue: $35,319

WE OFFER A FEATURED ARTIST OPEN HOUSE ON THE FIRST FRIDAY EACH MONTH DURING SEASON WITH FOOD & REFRESHMENTS. ARTIST MEMBERS ARE PRESENT TO SPEAK TO THE PUBLIC EXPLAINING THE ARTWORK AS WELL AS...

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WE OFFER A FEATURED ARTIST OPEN HOUSE ON THE FIRST FRIDAY EACH MONTH DURING SEASON WITH FOOD & REFRESHMENTS. ARTIST MEMBERS ARE PRESENT TO SPEAK TO THE PUBLIC EXPLAINING THE ARTWORK AS WELL AS PROMOTING OUR OUTREACH PROGRAMS. IN ADDITION TO THE MONTHLY FEATURED ARTIST, WE HAVE OPENED OUR GALLERY FOR GUEST ARTIST TO DISPLAY THEIR WORK FOR EXPOSURE TO OUR VISITORS.

Program 2

WE OFFER AN EXTENSIVE FREE SATURDAY MORNING DEMONSTRATION PROGRAM SPONSORED BY OUR GALLERY ARTISTS SHARING THEIR TALENTS WITH THE LOCAL COMMUNITY. ADDITIONALLY, WE OFFER CLASSES & WORKSHOPS FOR A...

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WE OFFER AN EXTENSIVE FREE SATURDAY MORNING DEMONSTRATION PROGRAM SPONSORED BY OUR GALLERY ARTISTS SHARING THEIR TALENTS WITH THE LOCAL COMMUNITY. ADDITIONALLY, WE OFFER CLASSES & WORKSHOPS FOR A REASONABLE FEE TO THE SURROUNDING COMMUNITY.

Program 3

WE ALSO OFFER "CRITIQUE CORNER". THIS IS WELL ATTENDED FREE INTERACTIVE DISCUSSION SESSION ON WHAT MAKES A GOOD PIECE OF ART. LEARN TO CRITIQUE YOUR OWN WORK BY LEARNING HOW TO ANALYZE IT USING...

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WE ALSO OFFER "CRITIQUE CORNER". THIS IS WELL ATTENDED FREE INTERACTIVE DISCUSSION SESSION ON WHAT MAKES A GOOD PIECE OF ART. LEARN TO CRITIQUE YOUR OWN WORK BY LEARNING HOW TO ANALYZE IT USING EXTREMELY BASIC DESIGN PRINCIPLES. SO,IF YOU ARE STUCK IN YOUR CURRENT PAINTING OR ARE HAVING TROUBLE DECIDING WHETHER OR NOT ITS FINISHED, COME JOIN US AS WE INTRODUCE YOU TO CRITIQUE CORNER. WE INVITE YOU TO COME AND LISTEN OR BRING YOUR PAINTINGS FOR ANALYSIS AND WE'LL HELP YOU WORK THROUGH THE ISSUES. ITS A WONDERFUL LEARNING EXPERIENCE AND INTERESTING CONVERSATION FULL OF SHARING, INSIGHT AND INSPIRATION. EACH SESSION WILL ADDRESS DIFFERENT ISSUES, SO COME TO ONE SESSION OR ALL FOR SOMETHING A LITTLE DIFFERET EACH TIME. TAKE ADVANTAGE.

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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 $71,309
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $71,309

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $60,254
Other Expenses $67,853
TOTAL EXPENSES $67,853

Year-over-Year Comparison

2023 2022 Change
Revenue $71,309 N/A N/A
Expenses $67,853 N/A N/A
Net Income $3,456 N/A N/A
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
7
Independent Members
7
Employees
N/A
Volunteers
50

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNN COPPINGER PRESIDENT 32.00
Officer Director
$0 $0 $0
CHERYL SUDBURY BUERGER SECRETARY 17.00
Officer Director
$0 $0 $0
DAWN GERARDOT TREASURER 32.00
Officer Director
$0 $0 $0
JODY GOLDMAN PAST PRESIDENT 12.00
Director
$0 $0 $0
SUSAN BOKOS AT LARGE 8.25
Director
$0 $0 $0
LARRY FREY AT LARGE 3.50
Director
$0 $0 $0
SUSAN SWANSON AT LARGE 4.00
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 $71,309 $67,853 $14,324 $3,456
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