VENICE INSTITUTE FOR PERFORMING ARTS CENTER MANAGEMENT INC

EIN: 811190704 501(c)(3) Arts, Culture & Humanities

VENICE, FL

Total Revenue
$1,298,995
Total Expenses
$1,371,130
Total Assets
$697,510
Net Assets
$28,902
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Principal Officer
MICHAEL T HARTLEY
Phone
9412183779
Tax Period
2024-07-01 to 2025-06-30

VENICE INSTITUTE FOR PERFORMING ARTS CENTER MANAGEMENT INC, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

VENICE INSTITUTE FOR PERFORMING ARTS VIPA HAS A MISSION TO SUSTAIN THE LOCAL ARTS COMMUNITY THROUGH INNOVATIVE EDUCATIONAL PROGRAMS AND INSPIRE THE LOCAL COMMUNITY WITH FIRST-CLASS ENTERTAINMENT. ITS MISSION ALSO INCLUDES EDUCATION OF CAREER-READY SKILLS REGARDING ALL ASPECTS OF PERFORMING ARTS CENTER MANAGEMENT TO INTERNS, APPRENTICES, VOLUNTEERS, AND STUDENTS AT VENICE HIGH SCHOOL IN ORDER TO PROVIDE VARIOUS CAREER PATHS IN THE PERFORMING ARTS INDUSTRY

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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 $117,392
Program Service Revenue $1,180,633
Investment Income $970
Other Revenue $0
TOTAL REVENUE $1,298,995

Expense Breakdown

Grants Paid $27,363
Salaries & Benefits $410,548
Fundraising Expenses $0
Program Expenses $808,547
Other Expenses $933,219
TOTAL EXPENSES $1,371,130

Year-over-Year Comparison

2024 2023 Change
Revenue $1,298,995 $1,114,900 +0.2%
Expenses $1,371,130 $1,400,978 0.0%
Net Income $-72,135 $-286,078 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
32
Volunteers
350

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEATRICE HOLT Director 2.00
Director
$0 $0 $0
JANE GOODWIN Director 2.00
Director
$0 $0 $0
JESS FRONCKOWIAK Director 2.00
Director
$0 $0 $0
MICHAEL T HARTLEY President 40.00
Officer
$0 $0 $0
BONNIE B HARTLEY Secretary 40.00
Officer
$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
2025 $1,298,995 $1,371,130 $697,510 $-72,135
2024 $1,114,900 $1,400,978 $547,148 $-286,078
2023 $1,734,420 $1,062,349 $583,821 $672,071
2022 $899,904 $1,086,017 $671,754 $-186,113
2021 $198,960 $188,495 $94,180 $10,465
2020 $1,017,668 $1,112,792 $142,322 $-95,124
2019 $1,203,487 $1,206,519 $191,017 $-3,032
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