Florida Craftart INC

Tax-deductible

St Petersburg, FL501(c)(3)EIN 23-7375994Revenue $460K in FY2024

On file with the IRSfloridacraftart.org501 Central Ave, 33701-3703 · St Petersburg, FLTax-exempt since May 1974Publicly supported — 509(a)(2)

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To broaden the public's understanding and appreciation of fine craft art and to encourage professionalism and high aesthetic standards among Florida artists.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 62 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $54K a year · 10% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $87K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$282K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$460K
-18% vs prior year
Spent
$586K
To programs
83%
Net assets
$1.1M
By yearFY2021–FY2024
Revenue
$460K
FY2024▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2021$536K
FY2021$347K
FY2022$537K
FY2023$560K
FY2024$460K
Expenses
$586K
FY2024▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2021$452K
FY2021$186K
FY2022$580K
FY2023$691K
FY2024$586K
Net assets
$1.1M
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.3M
FY2021$1.5M
FY2022$1.3M
FY2023$1.2M
FY2024$1.1M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $489K Management & general 15% · $87K Fundraising 2% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2021
Kathryn L Deits$85,296$24,006$89,203

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes understanding and appreciation of fine craft art, encouraging high standards among Florida artists.

Questions for Florida Craftart INC

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Provided by the organization

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1 program · $489K · in their own filed words · FY2024
01

Costs incurred to broaden the public's understanding and appreciation of fine craft art and to encourage professionalism and high aesthetic standards among Florida artists.

$489Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$460K
Ln 12
Gifts and grantsLn 1h$271K
Other incomeLn 4–11$150K
Fees for servicesLn 2g$26K
Money outPt IX
$586K
Ln 25
Programscol B$489K
Managementcol C$87K
Fundraisingcol D$10K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$259K
Total assetsLn 16$1.4M
LiabilitiesLn 26$282K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$271K
Government grantsLn 1e$84K
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$26K
Investment incomeLn 3$13K
Other incomeLn 4–11$150K
Total revenueLn 12$460K
Assets in detailPt X, end of year
CashLn 1$130K
SavingsLn 2$129K
Cash and savings togetherLn 1–2$259K
Land, buildings, equipmentLn 10c$1.0M
Other assetsLn 15$38K
Total assetsLn 16$1.4M
LiabilitiesLn 26$282K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 57
VolunteersI 662
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$410K$259K
Land, buildings, equipmentLn 10c$1.0M$1.0M
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$328K$282K
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$299K$243K$52K$4K
Other employee benefitsLn 9$25K$21K$4K$316
Payroll taxesLn 10$31K$25K$5K$390
Accounting feesLn 11c$7K$6K$1K$88
Other fees for servicesLn 11g$13K$11K$2K$164
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$4K$3K$684$49
Information technologyLn 14$5K$4K$731$52
OccupancyLn 16$68K$55K$12K$850
TravelLn 17$230$187$40$3
InterestLn 20$8K$6K$1K$96
Depreciation, depletion and amortizationLn 22$36K$36K
InsuranceLn 23$13K$11K$2K$164
Other expenses (24a–d)Ln 24$34K$33K$2K$109
All other expensesLn 24e$26K$19K$2K$4K
Total functional expensesLn 25$586K$489K$87K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $460K$586K−$126K$1.1M 990 PDF
FY2023 $560K$691K−$131K$1.2M 990 PDF
FY2022 $537K$580K−$44K$1.3M 990 PDF
FY2021 $536K$452K$84K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $459,565 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $284,679$271,065
I-9 Program service revenuePrior year $104,974$26,275
I-10 Investment incomePrior year $14,137$12,702
I-11 Other revenuePrior year $156,137$149,523
I-12 Total revenuePrior year $559,927$459,565
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $403,953$355,397
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $287,176$230,307
I-18 Total expensesPrior year $691,129$585,704
I-19 Revenue less expensesPrior year −$131,202−$126,139
Part VI · Governance 18 of 18 board members independent, 4 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $459,565 across 9 lines filed
Lines not itemized here account for $148,419 of total revenue; see the IRS return.
VIII-1b Membership dues$21,511
VIII-1e Government grants$83,732
VIII-1f All other contributions, gifts and grants$165,822
VIII-1g Noncash contributions (included above)$3,268
VIII-1h Total contributions, gifts and grants$271,065
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,275$26,275
VIII-3 Investment incomeExcluded from tax $12,702$12,702
VIII-6 Net rental income or lossUnrelated business $1,104$1,104
VIII-12 Total revenueRelated to mission $174,694 · Unrelated business $1,104 · Excluded from tax $12,702$459,565
Part IX · Statement of functional expenses $585,704 across 15 lines filed
IX-7 Other salaries and wagesPrograms $242,841 · Management $52,304 · Fundraising $3,736$298,881
IX-9 Other employee benefitsPrograms $20,562 · Management $4,429 · Fundraising $316$25,307
IX-10 Payroll taxesPrograms $25,357 · Management $5,462 · Fundraising $390$31,209
IX-11c Accounting feesPrograms $5,688 · Management $1,225 · Fundraising $88$7,001
IX-11g Other fees for servicesPrograms $10,674 · Management $2,299 · Fundraising $164$13,137
IX-12 Advertising and promotionPrograms $16,053$16,053
IX-13 Office expensesPrograms $3,174 · Management $684 · Fundraising $49$3,907
IX-14 Information technologyPrograms $4,044 · Management $731 · Fundraising $52$4,827
IX-16 OccupancyPrograms $55,271 · Management $11,905 · Fundraising $850$68,026
IX-17 TravelPrograms $187 · Management $40 · Fundraising $3$230
IX-20 InterestPrograms $6,238 · Management $1,343 · Fundraising $96$7,677
IX-22 Depreciation, depletion and amortizationPrograms $36,128$36,128
IX-23 InsurancePrograms $10,696 · Management $2,304 · Fundraising $164$13,164
IX-24 Other expenses (24a–d)Programs $32,653 · Management $1,523 · Fundraising $109$34,285
IX-24e All other expensesPrograms $19,462 · Management $2,321 · Fundraising $4,089$25,872
IX-25 Total functional expensesPrograms $489,028 · Management $86,570 · Fundraising $10,106$585,704
Part X · Balance sheet $1,357,054 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $101,827$129,882
X-2 Savings and temporary cash investmentsStart of year $308,472$129,481
X-9 Prepaid expenses and deferred chargesStart of year $38,948$56,810
X-10c Land, buildings and equipment, netStart of year $1,038,022$1,002,630
X-15 Other assetsStart of year $36,631$38,251
X-16 Total assetsStart of year $1,524,952$1,357,054
X-17 Accounts payable and accrued expensesStart of year $74,465$54,521
X-19 Deferred revenueStart of year $15,000$8,431
X-25 Other liabilitiesStart of year $21,775$21,236
X-26 Total liabilitiesStart of year $327,545$282,391
X-27 Net assets without donor restrictionsStart of year $1,197,407$1,074,663
X-32 Total net assets or fund balancesStart of year $1,197,407$1,074,663
X-33 Total liabilities and net assetsStart of year $1,524,952$1,357,054
Part XI · Reconciliation of net assets $1,074,663 net assets at year end
XI-1 Total revenue$459,565
XI-2 Total expenses$585,704
XI-3 Revenue less expenses−$126,139
XI-4 Net assets at start of year$1,197,407
XI-9 Other changes in net assets$3,395
XI-10 Net assets at end of year$1,074,663

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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