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Nonprofit · EIN 46-0657261

SARASOTA ACADEMY OF THE ARTS INC

Tax-exempt · SARASOTA, FL 34232

Financials

$2.4M$2.3M2023$2.6M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of SARASOTA ACADEMY OF THE ARTS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,596,387$2,406,767$189,620$4,963,157$3,747,695$1,215,462
June 30, 2024990$2,351,465$2,284,624$66,841$4,951,934$3,926,092$1,025,842
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,558,172
Investment income
$851
Net income from fundraising events
$37,364
Other revenue
$37,364

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$1,193,999
Salaries, compensation and benefits (total)
$1,329,769
Professional fundraising fees
$0
Accounting fees
$47,147
Depreciation
$86,699
Program services (functional)
$1,923,210
Management and general (functional)
$483,557

Balance sheet and other

Total assets, start of year
$4,951,934
Total assets, end of year
$4,963,157
Total liabilities, end of year
$3,747,695
Net assets, end of year
$1,215,462
Land, buildings and equipment
$1,061,781
Net assets without donor restrictions
$1,015,462
Net assets with donor restrictions
$200,000
Gross receipts
$2,596,387
Employees
42
Volunteers
175
Year formed
2012
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
MARY STEWART KENNEDYPresident
Trustee or director, Officer
20$0
DENISE VERHEULVice President
Trustee or director, Officer
20$0
DAN DEMBICKITreasurer
Trustee or director, Officer
20$0
DEAN BRENNEMANSecretary
Trustee or director, Officer
20$0
PATRICK MIZAKMEMBER
Trustee or director
20$0
990 for the year ended June 30, 2024: 5 people
NameTitleHours / weekCompensation
MARY STEWART KENNEDYPresident
Trustee or director, Officer
1$0
DENISE VERHEULVice President
Trustee or director, Officer
1$0
DAN DEMBICKITreasurer
Trustee or director, Officer
1$0
DEAN BRENNEMANSecretary
Trustee or director, Officer
1$0
PATRICK MIZAKMEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
582 MCINTOSH RD, SARASOTA, FL 34232-1957
Principal officer (990 for 2024)
MARY STEWART KENNEDY, 582 MCINTOSH ROAD, SARASOTA, FL 34232
Signed the 990
MARY STEWART KENNEDY, President
Phone
(941) 377-2278
Return prepared by
Pellegrino McFarland & Tortora PA

Mission

THE MISSION OF SARASOTA ACADEMY OF THE ARTS (SAA) IS TO PROVIDE A MOTIVATING, CHALLENGING, AND CREATIVE LEARNING CLIMATE WITH A SAFE, CARING, FAMILY ATMOSPHERE. SAA WILL PROVIDE STUDENTS INTERESTED IN VISUAL AND PERFORMING ARTS WITH RIGOROUS ACADEMIC SKILLS IN LINE WITH FLORIDA STANDARDS AND A STRONG INFUSION OF THE ARTS.

990 for the year ended June 30, 2025

Program accomplishments

  • Sarasota Academy of the Arts (SAA) is a public charter school authorized by the Sarasota County School Board to provide a free public education for students in grades kindergarten through eight. SAA had an enrollment of 202 students at the end of its first year and now serves 194 students. As a public school, SAA follows the calendar of the traditional public schools, 180 days of instruction for eight hours per day. The niche provided by SAA is that of a performing and visual arts school, open to all students within commuting distance. Students in the past have participated in onstage musical performances including Mamma Mia! and Disney Our Way musicals, and many community service activities. The middle school music program completed performances with our National Beta Team in Orlando. These activities are directly related to the Mission Statement in that we wish to develop students who are well-rounded with self-confidence in themselves.Throughout the year the students participated in several community service activities including food campaigns. Students attend SAA for an extended day 8:15 AM to 4:15 PM. This allows each student to participate in the core academic classes expected in any school day. It also allows for classes in physical education, Spanish, art, technology, and music. Students needing extra help, have access to services provided in ESOL, exceptional education, gifted classes as well as intensive math and reading.
    Expenses $1,923,210

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
46-0657261
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$4,963,157
Income (IRS master file)
$2,596,387

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,596,387$2,406,767$4,963,157XML
990June 2024$2,351,465$2,284,624$4,951,934XML
990June 2023$1,999,628$2,214,788$5,092,420IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0657261).

Questions about SARASOTA ACADEMY OF THE ARTS INC

What is the EIN of SARASOTA ACADEMY OF THE ARTS INC?
The employer identification number (EIN) of SARASOTA ACADEMY OF THE ARTS INC is 46-0657261.
Is SARASOTA ACADEMY OF THE ARTS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to SARASOTA ACADEMY OF THE ARTS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SARASOTA ACADEMY OF THE ARTS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SARASOTA ACADEMY OF THE ARTS INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SARASOTA ACADEMY OF THE ARTS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of SARASOTA ACADEMY OF THE ARTS INC?
The 990 for the year ended June 30, 2025 names MARY STEWART KENNEDY.
Who are the officers and directors of SARASOTA ACADEMY OF THE ARTS INC?
The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does SARASOTA ACADEMY OF THE ARTS INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,596,387, expenses of $2,406,767 and total assets of $4,963,157 at year end.

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