Overview
What is Sarasota Performing Arts Center Foundation Inc?
The Sarasota Performing Arts Center Foundation Inc, also known as Van Wezel Foundation, is a nonprofit organization situated in Sarasota, Florida. With a mission to inspire minds through the power of arts, the foundation plays a significant role in promoting education and enriching communities. Their programs reach over 50,000 students annually, providing them with enriching arts-based education opportunities and professional development for over 400 teachers across five counties. The foundation also funds tickets and transportation for students to attend school performances, supports teachers with resources to supplement their teaching, organizes master classes, and provides opportunities for various community members to attend and participate in live shows. In partnership with the city, the foundation is committed to building a new performing arts center, aiming to enhance Sarasota's reputation as a cultural destination. The future center will be accessible and inclusive, featuring multiple performance spaces and technology for simulcast performances. The foundation has a strong history of collaboration with the Van Wezel Performing Arts Hall, dating back to 1987.
Official website here: www.sarasotaperformingartsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Sarasota Performing Arts Center Foundation, operating as the Van Wezel Foundation, has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. With a score of 90% in Accountability & Finance and a perfect score of 100% in Leadership & Adaptability, the foundation demonstrates a strong commitment to transparency and effective governance.
The foundation features a fully independent board consisting of 21 members, which contributes to its high accountability score. Additionally, it has a robust framework for financial oversight, including an audit committee and a range of policies addressing conflicts of interest, whistleblower protections, and document retention. There are no reported issues with asset diversion, indicating responsible financial management.
While the organization excels in leadership and strategic planning, the overall rating reflects a balanced approach to financial management and governance. However, the lower weight assigned to the Leadership & Adaptability score suggests that while leadership is crucial, it plays a smaller role in the overall evaluation compared to financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Sarasota Performing Arts Center Foundation Inc legitimate?
Sarasota Performing Arts Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sarasota Performing Arts Center Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $599,413
Professional Fundraising Fees: $0
Other Salaries and Wages: $752,086
For more financial information, click here
Official website here: www.sarasotaperformingartsfoundation.org
What is the mission statement of Sarasota Performing Arts Center Foundation Inc?
The Sarasota Performing Arts Center Foundation Inc, known as Van Wezel Foundation, aims to foster a vibrant performing arts center, promote education, and enrich communities by inspiring minds through the power of arts. They achieve this by utilizing arts and arts education to support academic success and overall well-being in the community. The foundation reaches over 50,000 students annually with enriching arts-based educational opportunities and professional development for teachers. They fund tickets and transportation for students to attend schooltime performances, provide resources for teachers, and offer live show experiences for various community demographics. The foundation is currently collaborating with the city to construct a new performing arts center, aiming to establish a culturally significant landmark for generations to come.
Official website here: www.sarasotaperformingartsfoundation.org
Who is the CEO of Sarasota Performing Arts Center Foundation Inc?
James Travers is the Director of Sarasota Performing Arts Center Foundation Inc. The CEO's salary of Sarasota Performing Arts Center Foundation Inc is $282,827 and their total compensation is $293,524.
Official website here: www.sarasotaperformingartsfoundation.org
What is the revenue of Sarasota Performing Arts Center Foundation Inc?
Sarasota Performing Arts Center Foundation Inc's revenue in 2022 was $4,442,648.
Official website here: www.sarasotaperformingartsfoundation.org
Who are the executives of Sarasota Performing Arts Center Foundation Inc and what are their salaries?
The average compensation at Sarasota Performing Arts Center Foundation Inc during 2022 was $122,864. There are 11 employees and 30 volunteers at Sarasota Performing Arts Center Foundation Inc.
Here are 24 key members and their salaries (Sarasota Performing Arts Center Foundation Inc's CEO's salary is $282,827 and their total compensation is $293,524):
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Official website here: www.sarasotaperformingartsfoundation.org
Where can I find the form 990 for Sarasota Performing Arts Center Foundation Inc?
Sarasota Performing Arts Center Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sarasotaperformingartsfoundation.org
Learn more at the official website: www.sarasotaperformingartsfoundation.org
Mission Statement of Sarasota Performing Arts Center Foundation Inc
The Sarasota Performing Arts Center Foundation Inc Dba Van Wezel Foundation's mission is centered around creating and sustaining a vibrant performing arts center while advancing education and enriching communities. By harnessing the power of arts, this organization aims to inspire minds and contribute to academic success, social, emotional, mental, and economic well-being within the community. Each year, the foundation reaches over 50,000 students with enriching arts-based education opportunities and offers professional development for over 400 teachers across five counties, fostering artistic and academic literacy and cultural responsiveness.
The Sarasota Performing Arts Center Foundation Inc Dba Van Wezel Foundation also provides funding for various programs, including schooltime performances for students, teacher supplements, master classes, and opportunities for youth, families, seniors, military families, and individuals to attend and participate in live shows and events. The foundation's mission is not limited to funding; it also plays a significant role in ensuring accessibility and universal design in their future performing arts center, making it an inclusive space for everyone. The organization's vision includes a 2,200-seat main stage, a flexible performance space, education and lifelong learning spaces, multiple outdoor public performing spaces, and advanced technology that allows performances to be simulated into the park, positioning Sarasota as a regional, national, and international cultural destination.
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Impact
July, 2024
The impact of the Sarasota Performing Arts Center Foundation Inc, also known as the Van Wezel Foundation, is significant in the Sarasota community. The Foundation's mission is to create and sustain a vibrant performing arts center, advance education, and enrich communities by inspiring minds through the power of the arts. They have been supporting arts education in the region since 1987, serving over 50,000 students and their families annually with enriching arts-based education opportunities.
Through their programs, the Foundation reaches over 50,000 students and provides professional development for more than 400 teachers across five counties each year. They fund tickets and transportation for over 30,000 students to attend schooltime performances annually, as well as provide funding for teacher training, master classes, and live shows and events for youth, families, seniors, military families, and individuals.
The Foundation is also leading the vision to build a new Sarasota Performing Arts Center in partnership with the city, the Bay Park Conservancy, and Van Wezel Hall. This new center will be a year-round civic asset that enhances Sarasota's reputation as a cultural destination and includes a main stage, flexible performance space, education and lifelong learning spaces, outdoor performing spaces, and technology for simulcast performances.
Overall, the impact of the Sarasota Performing Arts Center Foundation Inc is profound, as they use the arts and arts education to support academic success, social and emotional well-being, and cultural enrichment in the community.
This information is meant to be a general summary of Sarasota Performing Arts Center Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $390,484
- Gross Receipts: $11,190,455
Assets and Liabilities:
- Total Assets: $17,058,536
- Total Liabilities: $421,571
- Net Assets: $16,636,965
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Organization Details
Founding Year
1987
Phone
(941) 366-5578Principal Officer
James Travers
Main Address
201 COCOANUT AVE, SARASOTA, FL, 34236
NTEE Category
Code: A61 - Arts
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