Beaches Fine Arts Series Inc

50 Years of Free & Fabulous

Jacksonville Beach, FL | http://www.beachesfinearts.org

GuideStar Charity Check

EIN: 59-2989136

Contributions tax deductible
as of March 2023

IRS BMF 509(a)(1)
as of March 13, 2023

View summary

Charity Check report

Mission

To enrich our communities by sharing the transforming power of music and art, free to all.

Ruling year info

1991

Executive Director

Kathryn Wallis

Main address

1150 5th Street North

Jacksonville Beach, FL 32250 USA

Show more contact info

EIN

59-2989136

Subject area info

Arts and culture

Performing arts

Population served info

Adults

NTEE code info

Music (A68)

Elementary, Secondary Ed (B20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Beaches Fine Arts Series Annual Concert Series and Educational Outreach Programs

For 48 years, Beaches Fine Arts Series has held a significant place in the heart of the cultural life of our communities, bringing renowned performers free of charge in concerts and award-winning educational outreach programs to enhance the quality of life of all of our constituents, young and old, rich and poor, of many cultures and races. The organization's belief that great music and art greatly benefit all people drives our mission to offer our programs to all, free of charge.

Population(s) Served

Adults

Students

At-risk youth

Low-income people

Retired people

Where we work

External reviews

Financials

Beaches Fine Arts Series Inc

Fiscal year: Oct 01 - Sep 30

Financial documents

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2020

SOURCE: IRS Form 990

6.88

Average of 868.63 over 10 years

Months of cash in 2020

SOURCE: IRS Form 990

19.3

Average of 18.7 over 10 years

Fringe rate in 2020

SOURCE: IRS Form 990

8%

Average of 8% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

Beaches Fine Arts Series Inc

Revenue & expenses

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Contributions	$320,632
Program Services	$0
Investments	$4,106
Special Events	$81,541
Sales	$0
Other	$0
Total Revenue	$406,279

Expenses
Grants	$0
Salaries & Employee Benefits	$80,264
Professional Fees	$0
Occupancy	$5,047
Printing, Publications, Postage, etc.	$11,788
Other Expenses	$298,996
Total Expenses	$396,095
Net Gain/Loss	$10,184

Revenue
Contributions	$367,598
Program Services	$0
Investments	$5,473
Special Events	$0
Sales	$0
Other	$160
Total Revenue	$373,231

Expenses
Grants	$0
Salaries & Employee Benefits	$70,303
Professional Fees	$0
Occupancy	$4,093
Printing, Publications, Postage, etc.	$0
Other Expenses	$304,089
Total Expenses	$378,485
Net Gain/Loss	($5,254)

Revenue
Contributions	$319,728
Government Grants	$47,294
Program Services	$0
Investments	$4,220
Special Events	$0
Sales	$0
Other	$20
Total Revenue	$371,262

Expenses
Program Services	$201,138
Administration	$70,805
Fundraising	$125,634
Total Expenses	$397,577
Net Gain/Loss	($26,315)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$9,738
Information Technology Expenses	$0
Insurance Expenses	$2,161
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$81,311
Government Grants	$41,727
Program Services	$0
Investments	$1,659
Special Events	$65,402
Sales	$0
Other	$0
Total Revenue	$190,099

Expenses
Program Services	$176,514
Administration	$70,383
Fundraising	$0
Total Expenses	$246,897
Net Gain/Loss	($56,798)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$12,444
Information Technology Expenses	$0
Insurance Expenses	$2,335
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$45,988
Government Grants	$9,916
Program Services	$0
Investments	$338
Special Events	$46,122
Sales	$0
Other	$0
Total Revenue	$102,364

Expenses
Program Services	$22,181
Administration	$14,562
Fundraising	$0
Total Expenses	$36,743
Net Gain/Loss	$65,621

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$1,073
Information Technology Expenses	$409
Insurance Expenses	$2,189
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$121,218
Government Grants	$42,955
Program Services	$0
Investments	$686
Special Events	$41,135
Sales	$0
Other	$0
Total Revenue	$205,994

Expenses
Program Services	$143,641
Administration	$65,388
Fundraising	$0
Total Expenses	$209,029
Net Gain/Loss	($3,035)

Functional expenses
Accounting Fees	$4,054
Advertising & Promotion	$7,345
Information Technology Expenses	$0
Insurance Expenses	$1,917
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$164,385
Government Grants	$35,610
Program Services	$400
Investments	$151
Special Events	$80,651
Sales	$0
Other	$0
Total Revenue	$281,197

Expenses
Program Services	$151,764
Administration	$79,701
Fundraising	$0
Total Expenses	$231,465
Net Gain/Loss	$49,732

Functional expenses
Accounting Fees	$3,004
Advertising & Promotion	$6,395
Information Technology Expenses	$0
Insurance Expenses	$3,839
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$115,689
Government Grants	$37,170
Program Services	$0
Investments	$143
Special Events	$111,523
Sales	$0
Other	$0
Total Revenue	$264,525

Expenses
Program Services	$156,503
Administration	$64,963
Fundraising	$0
Total Expenses	$221,466
Net Gain/Loss	$43,059

Functional expenses
Accounting Fees	$3,000
Advertising & Promotion	$9,449
Information Technology Expenses	$0
Insurance Expenses	$3,856
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$126,624
Government Grants	$39,796
Program Services	$0
Investments	$164
Special Events	$91,494
Sales	$0
Other	$0
Total Revenue	$258,078

Expenses
Program Services	$169,244
Administration	$81,427
Fundraising	$0
Total Expenses	$250,671
Net Gain/Loss	$7,407

Functional expenses
Accounting Fees	$3,004
Advertising & Promotion	$10,024
Information Technology Expenses	$0
Insurance Expenses	$3,856
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$164,473
Government Grants	$34,646
Program Services	$0
Investments	$172
Special Events	$47,958
Sales	$0
Other	$0
Total Revenue	$247,249

Expenses
Program Services	$175,902
Administration	$71,146
Fundraising	$0
Total Expenses	$247,048
Net Gain/Loss	$201

Functional expenses
Accounting Fees	$3,009
Advertising & Promotion	$6,505
Information Technology Expenses	$0
Insurance Expenses	$3,940
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$132,924
Government Grants	$33,376
Program Services	$0
Investments	$161
Special Events	$94,230
Sales	$0
Other	$0
Total Revenue	$260,691

Expenses
Program Services	$207,717
Administration	$46,713
Fundraising	$0
Total Expenses	$254,430
Net Gain/Loss	$6,261

Functional expenses
Accounting Fees	$3,005
Advertising & Promotion	$8,990
Information Technology Expenses	$0
Insurance Expenses	$3,922
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$128,396
Government Grants	$99,722
Program Services	$0
Investments	$2,819
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$230,937

Expenses
Program Services	$182,357
Administration	$47,207
Fundraising	$0
Total Expenses	$229,564
Net Gain/Loss	$1,373

Functional expenses
Accounting Fees	$3,005
Advertising & Promotion	$6,539
Information Technology Expenses	$0
Insurance Expenses	$3,991
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Beaches Fine Arts Series Inc

Balance sheet

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Aug 01, 2008	Jul 31, 2009	Change
Contributions	$320,632
Cash & Equivalents	$261,933	$271,438	$9,505
Fixed Assets (LBE - Depreciation)	$23,607	$19,624	($3,983)
Other	$17,530	$23,468	$5,938
Total Assets	$303,070	$314,530	$11,460

Liabilities	Aug 01, 2008	Jul 31, 2009	Change
Total Liabilities	$725	$2,001	$1,276

Fund balance	Aug 01, 2008	Jul 31, 2009	Change
Net Assets	$302,345	$312,529	$10,184

Assets	Aug 01, 2009	Jul 31, 2010	Change
Contributions	$367,598
Cash & Equivalents	$271,438	$288,425	$16,987
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$43,092	$41,813	($1,279)
Total Assets	$314,530	$330,238	$15,708

Liabilities	Aug 01, 2009	Jul 31, 2010	Change
Total Liabilities	$18,479	$39,441	$20,962

Fund balance	Aug 01, 2009	Jul 31, 2010	Change
Net Assets	$296,051	$290,797	($5,254)

Assets	Aug 01, 2010	Jul 31, 2011	Change
Contributions	$319,728
Cash & Equivalents	$288,425	$234,321	($54,104)
Accounts Receivable	$10,830	$11,725	$895
Pledges & Grants Receivable	$11,383	$11,812	$429
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$15,531	$14,189	($1,342)
Other	$4,069	$9,068	$4,999
Total Assets	$330,238	$281,115	($49,123)

Liabilities	Aug 01, 2010	Jul 31, 2011	Change
Accounts Payable	$304	$2,363	$2,059
Grants Payable	$0	$0	$0
Deferred Revenue	$39,137	$14,270	($24,867)
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$39,441	$16,633	($22,808)

Fund balance	Aug 01, 2010	Jul 31, 2011	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$290,797	$264,482	($26,315)
Net Assets	$290,797	$264,482	($26,315)

Assets	Aug 01, 2011	Jul 31, 2012	Change
Contributions	$81,311
Cash & Equivalents	$234,321	$196,697	($37,624)
Accounts Receivable	$11,725	$10,028	($1,697)
Pledges & Grants Receivable	$11,812	$10,432	($1,380)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$14,189	$9,909	($4,280)
Other	$9,068	$1,295	($7,773)
Total Assets	$281,115	$228,361	($52,754)

Liabilities	Aug 01, 2011	Jul 31, 2012	Change
Accounts Payable	$2,363	$104	($2,259)
Grants Payable	$0	$0	$0
Deferred Revenue	$14,270	$20,573	$6,303
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$16,633	$20,677	$4,044

Fund balance	Aug 01, 2011	Jul 31, 2012	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$264,482	$207,684	($56,798)
Net Assets	$264,482	$207,684	($56,798)

Assets	Aug 01, 2013	Sep 30, 2013	Change
Contributions	$45,988
Cash & Equivalents	$130,963	$203,629	$72,666
Accounts Receivable	$10,736	$8,945	($1,791)
Pledges & Grants Receivable	$9,916	$0	($9,916)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$7,250	$6,507	($743)
Other	$4,394	$995	($3,399)
Total Assets	$163,259	$220,076	$56,817

Liabilities	Aug 01, 2013	Sep 30, 2013	Change
Accounts Payable	$104	$105	$1
Grants Payable	$0	$0	$0
Deferred Revenue	$8,805	$0	($8,805)
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$8,909	$105	($8,804)

Fund balance	Aug 01, 2013	Sep 30, 2013	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$154,350	$219,971	$65,621
Net Assets	$154,350	$219,971	$65,621

Assets	Oct 01, 2013	Sep 30, 2014	Change
Contributions	$121,218
Cash & Equivalents	$203,629	$191,853	($11,776)
Accounts Receivable	$8,945	$21,645	$12,700
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$6,507	$3,212	($3,295)
Other	$995	$330	($665)
Total Assets	$220,076	$217,040	($3,036)

Beaches Fine Arts Series Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990

This snapshot of Beaches Fine Arts Series Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Oct 01 - Sep 30 View full report Download data

Business model indicators

Profitability	2016	2017	2018	2019	2020
Unrestricted surplus (deficit) before depreciation	$43,657	$8,708	$1,815	$7,677	$2,460
As % of expenses	19.8%	3.5%	0.7%	3.0%	1.1%
Unrestricted surplus (deficit) after depreciation	$43,058	$7,407	$201	$6,261	$1,373
As % of expenses	19.4%	3.0%	0.1%	2.5%	0.6%

Revenue composition
Total revenue (unrestricted & restricted)	$264,525	$258,078	$247,249	$260,691	$230,937
Total revenue, % change over prior year	-5.9%	-2.4%	-4.2%	5.4%	-11.4%
Program services revenue	0.0%	0.0%	0.0%	0.0%	0.0%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	0.1%	0.1%	0.1%	0.1%	1.2%
Government grants	14.1%	15.4%	14.0%	12.8%	43.2%
All other grants and contributions	85.9%	84.5%	85.9%	87.1%	55.6%
Other revenue	0.0%	0.0%	0.0%	0.0%	0.0%

Expense composition
Total expenses before depreciation	$220,867	$249,370	$245,434	$253,014	$228,477
Total expenses, % change over prior year	-4.0%	12.9%	-1.6%	3.1%	-9.7%
Personnel	44.5%	45.2%	46.5%	46.5%	53.0%
Professional fees	1.4%	1.2%	1.2%	1.2%	1.3%
Occupancy	2.4%	2.3%	2.0%	2.0%	2.1%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	0.0%	0.0%	0.0%	0.0%	0.0%
All other expenses	51.7%	51.3%	50.3%	50.4%	43.6%

Full cost components (estimated)	2016	2017	2018	2019	2020
Total expenses (after depreciation)	$221,466	$250,671	$247,048	$254,430	$229,564
One month of savings	$18,406	$20,781	$20,453	$21,085	$19,040
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$0	$5,775	$0	$0	$0
Total full costs (estimated)	$239,872	$277,227	$267,501	$275,515	$248,604

Capital structure indicators

Liquidity	2016	2017	2018	2019	2020
Months of cash	15.9	14.4	15.0	14.5	19.3
Months of cash and investments	15.9	14.4	15.0	14.5	19.3
Months of estimated liquid unrestricted net assets	16.8	15.0	15.3	15.2	17.0

Balance sheet composition	2016	2017	2018	2019	2020
Cash	$293,569	$298,348	$305,792	$305,601	$367,952
Investments	$0	$0	$0	$0	$0
Receivables	$10,310	$6,460	$4,931	$9,299	$5,657
Gross land, buildings, equipment (LBE)	$69,050	$74,824	$33,737	$33,737	$33,737
Accumulated depreciation (as a % of LBE)	98.2%	92.3%	87.8%	92.0%	95.2%
Liabilities (as a % of assets)	0.0%	0.0%	0.0%	0.0%	14.3%
Unrestricted net assets	$309,726	$317,133	$317,334	$323,595	$324,968
Temporarily restricted net assets	$0	$0	$0	$0	N/A
Permanently restricted net assets	$0	$0	$0	$0	N/A
Total restricted net assets	$0	$0	$0	$0	$0
Total net assets	$309,726	$317,133	$317,334	$323,595	$324,968

Key data checks

Key data checks	2016	2017	2018	2019	2020
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination is not available for this organization

Form 1023/1024 is not available for this organization

Executive Director

Kathryn Wallis

Number of employees

Source: IRS Form 990

Beaches Fine Arts Series Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Beaches Fine Arts Series Inc

Board of directors
as of 02/10/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Akia Uwanda McDaniel

Owner -Akia Uwanda Enterprises & Global Music Publishing Group

Term: 2019 - 2028

Nick Curry

University of North Florida

Lynne Radcliffe

St. Paul's by-the-Sea Episcopal Church

Elaine Hall

University of North Florida

Aida Mechetti

Self - Piano Instructor

Ramesh Shah

Retired-Member Corp.

Tonglia Davis

Keller Williams

Dorreen Daly

Retired - University of North Florida

Mary Joan Hinson

Professional Artist

Michele D. Lee

Professional Artist, Acct. Executive/ WJC Design & Ambler Art

Deborah Baker

Owner - Six Sigma for Life

Bob Wall

Retired Executive

Grace Raper

University of North Florida

Megan Herrman

University of North Florida

Marjorie Pardue

Educator-Bolles School

Katie Davidson

Compliance Specialist - EMM loans

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes

Organizational demographics

SOURCE: Self-reported; last updated 2/10/2023

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Heterosexual or straight

Disability status

Person without a disability

Race & ethnicity

Gender identity

No data

Sexual orientation

No data

Disability

No data

Beaches Fine Arts Series Inc

50 Years of Free & Fabulous

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

This profile needs more info.

Our programs

Beaches Fine Arts Series Annual Concert Series and Educational Outreach Programs

Where we work

Our Sustainable Development Goals

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2020 info

6.88

Months of cash in 2020 info

19.3

Fringe rate in 2020 info

8%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Beaches Fine Arts Series Inc

Beaches Fine Arts Series Inc

Beaches Fine Arts Series Inc

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Executive Director

Kathryn Wallis

Number of employees

Beaches Fine Arts Series Inc

Compensation data

Beaches Fine Arts Series Inc

Board of directors data

Akia Uwanda McDaniel

Board leadership practices

Board orientation and education

CEO oversight

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability

Liquidity in 2020

Months of cash in 2020

Fringe rate in 2020

Funding sources

Assets & liabilities