The Florida Theatre Performing Arts Cent

Nonprofit profile at a glance

EIN
592850579
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Jacksonville, FL, USA
Phone
9043555661
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Performing Arts Centers

Official website

Reported finances

Revenue
$14,090,882
Expenses
$14,032,383
Assets
$23,112,664
Liabilities
$3,684,688

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

Leadership & pay

26 people listed

Executive titles in this filing

  • NUMA SAISSELIN (PRESIDENT)

Highest reported compensation

  • NUMA SAISSELIN (PRESIDENT): $373,754 total reported compensation
  • KEVIN STONE (VP, PROGRAMMING): $280,164 total reported compensation
  • SAUL LUCIO (TECHNICAL DIRECTOR): $137,422 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 as a non-profit is to enhance the north Florida community's quality of life by providing diverse and memorable arts and entertainment experiences and by preserving a unique historic jacksonville landmark.

What it reported doing in 2024

During the fiscal year 2025 the Florida theatre performing arts center, inc. Successfully managed another year of operation of the Florida theatre, a 1,865 seat circa 1927 historic theatre listed on the national register of historic places. Located in downtown jacksonville, the Florida theatre itself promoted or co-promoted 156 "mainstage" programs of music, dance, theatre and film; hosted another 36 programs by theatre renters; presented 22 arts education performances at the theatre, and took 34 arts education performances directly to schools. 31% of the theatre rental events were presented by other nonprofit arts organizations and charitable organizations using the theatre at a subsidized rate. Total attendance at all performances and events was 199,539. In addition to the day to day operations of the theatre, fy 2025 saw the completion of a $15mm capital improvement project that spanned more than five years. Improvements included upgrades to the theatre experience with the installation of new seating and brand new sound, lighting and video systems. Historic preservation efforts which included plaster repair and paint in the auditorium, and an ehanced visitor experience with the construction of a new vip lounge space. Infrastructure improvements to the building included relocation of the electrical control room and installation of a state-of-the-art hvac system.

Operating model

Revenue model
Earned-program. 74% of the money available for current operations came from fees and other program revenue.
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 - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 65
  • Accountability: 100
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.4%; rating input score 87
  • Program expense ratio: 80%; rating input score 80
  • Fundraising efficiency: $2.98 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 66th percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.4%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 1.65; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 7.4%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 6.9% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 8.5% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 18.4% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 87.4% of revenue deployed · 80% of spending went to programs
  • Governance: 21 of 21 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $11.2M in reported program spending
  • Leadership: top reported pay $374K · 26 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $199K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 11/100.
  • Moderate — Sustainability: Operating margin scored 35/100.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.