Florida Cultural Group Inc

Nonprofit profile at a glance

EIN
591196043
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Bradenton, FL, USA
Phone
9417490111
Rating
78
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Theater

Official website

Reported finances

Revenue
$9,498,174
Expenses
$2,557,071
Assets
$23,411,333
Liabilities
$2,863,080

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • Janene M Amick (CEO)

Highest reported compensation

  • Janene M Amick (CEO): $138,166 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Florida Cultural Group, Inc. and its venue, Manatee Performing Arts Center, are the cultural anchor and economic drivers in the Florida Gulf Coast region. We provide for all ages affordable, high-quality and thought-provoking entertainment, as well as performance and technical-based education. In addition, we equip the community with ample meeting, event, and production space. We are committed to being the community's premier theater and the region's center for cultural, education, and artistic expression. Our team works tirelessly to ensure that we deliver engaging excellence for all ages, through the talent we present, the services we offer and the experience we create. Our goal is not just to entertain you, we want to inspire you.

What it reported doing in 2024

The Center's Conservatory for the Performing and Technical Arts Program consists of year-round theatrical education opportunities for ages 8-90. Directed by our professional artists and directors; participants have the opportunity to build social and communication skills, improve self-esteem, and boost confidence through participation in live theatre. Musical camps are a minimum of 2 weeks and are available throughout the year. Through the program, participants learn how to audition to participate in rehearsals and are a part of a minimum of 4 full-staged performances. One of the primary goals of this program is build a community of young performances and provide a safe environment for children to develop teamwork skills and confidence in front of a live audience. Our tech/theatre management program is designed to offer students a pre-professional experience in technical design or theatre management. Our DraMature program consists of actors ages 55+ that perform in various styles of productions and provide numerous community outreach programs in a variety of venues.

Operating model

Revenue model
Donor-supported. 85% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 85
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 24.1%; rating input score 24
  • Program expense ratio: 86.9%; rating input score 87
  • Fundraising efficiency: $51.25 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 73.1%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 9.16; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: -0.3% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: 7.3% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 0.8% per year; rating input score 100; 15th percentile among comparable filings

Details

  • Where the money goes: 24.1% of revenue deployed · 86.9% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2.2M in reported program spending
  • Leadership: top reported pay $138K · 16 people listed
  • Highest-paid contractors: 1 contractor listed · $217K reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 24/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.