St Petersburg Warehouse Arts District Inc

Nonprofit profile at a glance

EIN
460826859
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-N 2013
Location
St Petersburg, FL, USA
Phone
7272891420
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities N.E.C.

Official website

Reported finances

Revenue
$949,982
Expenses
$737,465
Assets
$4,209,520
Liabilities
$1,756,023

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

Leadership & pay

15 people listed

Executive titles in this filing

  • MARK AELING (President)
  • LENORE KOPKO (Vice President)

Highest reported compensation

  • MARKUS GOOTSCHLICH (EXECUTIVE DIRCT): $132,633 total reported compensation
  • JEFFREY SURRENA (DIRECTOR OF OPERATIONS): $34,117 total reported compensation

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

Overview

Mission

Our mission is to build and sustain a vibrant arts community in St. Petersburg, Florida that supports the success of all artists and the community at large through a broad spectrum of tools, including community revitalization, marketing, advocacy and educational programming within the St. Petersburg Warehouse Arts District. We are a cultural arts destination in the heart of downtown St. Petersburg dedicated to flourishing our community through artistic endeavors, support, and highly curated art. The Warehouse Arts District Association (WADA) is a 501(c)3 non-profit arts organization dedicated to building and sustaining a vibrant arts community within and around the Warehouse Arts District. Spanning from 1st Avenue North to 10th Avenue South and 16th Street to 31st Street, the Warehouse Arts District includes the Deuces Live Main Street and is comprised of a thriving community of over 300 businesses that support both the artistic outreach of the organization and the community revitaliza

What it reported doing in 2024

The Warehouse Arts District Association (WADA) is a 501(c)3 non-profit arts organization dedicated to building and sustaining a vibrant arts community within and around the Warehouse Arts District in downtown St. Petersburg. Spanning from 1st Avenue North to 10th Avenue South and 16th Street to 31st Street, the Warehouse Arts District includes the Deuces Live Main Street and is comprised of a thriving community of over 300 businesses that support both the artistic outreach of the organization and the community revitalization. WADA employs a broad spectrum of tools, including marketing, advocacy, community stimulation, and educational programming to support the success of artists and community. The Education Center will serve all citizens, particularly those in the Midtown area, with accessible health, wellness, and art classes. For more information, please visit, warehouseartsdistrictstpete.com.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.

The verdict

MIXED - 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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 22
  • Transparency & Controls: 86
  • Accountability: 74
  • Sustainability: 66
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 22.4%; rating input score 22
  • Program expense ratio: 28.7%; rating input score 29
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 22.4%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 5.71; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.42; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 22.6%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 6.3% per year; rating input score 100; 49th percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 44th percentile among comparable filings
  • Asset growth: 11.2% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 22.4% of revenue deployed · 28.7% of spending went to programs
  • Governance: 19 of 19 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $211K in reported program spending
  • Leadership: top reported pay $133K · 15 people listed
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 9 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 22/100.
  • High — Financial Efficiency: Program expense ratio scored 29/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.