Nonprofit · EIN 83-2727388
THE CENTER FOR ARTS & INNOVATION INC
Tax-exempt · BOCA RATON, FL 33432
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $576,969 | $3,218,591 | -$2,641,622 | $13,783,563 | $4,277,741 | $9,505,822 |
| December 31, 2023 | 990 | $6,602,246 | $1,245,425 | $5,356,821 | $16,091,270 | $4,509,578 | $11,581,692 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $79,000
- Program service revenue
- $0
- Investment income
- $494,510
- Net gain from sales of assets
- $43,205
- Other revenue
- $3,459
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $205,002
- Other salaries and wages
- $553,557
- Salaries, compensation and benefits (total)
- $868,848
- Professional fundraising fees
- $0
- Legal fees
- $13,723
- Accounting fees
- $44,406
- Occupancy
- $90,644
- Travel
- $563,595
- Depreciation
- $33,428
- Program services (functional)
- $952,385
- Management and general (functional)
- $901,748
- Fundraising (functional)
- $1,364,458
Balance sheet and other
- Total assets, start of year
- $16,091,270
- Total assets, end of year
- $13,783,563
- Total liabilities, end of year
- $4,277,741
- Net assets, end of year
- $9,505,822
- Land, buildings and equipment
- $3,801,266
- Publicly traded securities
- $6,238,299
- Net assets without donor restrictions
- $8,317,035
- Net assets with donor restrictions
- $1,188,787
- Gross receipts
- $7,188,775
- Employees
- 5
- Volunteers
- 10
- Year formed
- 2018
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREA VIRGIN | CEO & BOARD CHAIR Trustee or director, Officer | 50 | $205,003 |
| SAMANTHA A WOULFE | CHIEF MARKETING OFFICER Highest-paid employee | 50 | $193,509 |
| DEREK L BELLIN | CHIEF OPERATING AND DEVELOPMENT OFFICER Officer | 40 | $123,360 |
| PATRICIA KILGALLON | TREASURER Trustee or director, Officer | 15 | $0 |
| STEVEN GIACONA | TREASURER Trustee or director, Officer | 15 | $0 |
| MATTHEW CIMAGLIA | DIRECTOR Trustee or director | 5 | $0 |
| ELIZABETH DUDLEY | DIRECTOR Trustee or director | 5 | $0 |
| DAN GUIN | DIRECTOR Trustee or director | 5 | $0 |
| ROBERT FRIEZO | DIRECTOR Trustee or director | 5 | $0 |
| PEG ANDERSON | DIRECTOR Trustee or director | 15 | $0 |
| ROGER STEIN | DIRECTOR Trustee or director | 5 | $0 |
| ERICA KASEL | DIRECTOR Trustee or director | 5 | $0 |
| MIKE KAUFMAN | DIRECTOR Trustee or director | 5 | $0 |
| CAMILO MIGUEL | DIRECTOR Trustee or director | 5 | $0 |
| IAN WEINER | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREA VIRGIN | CEO & BOARD CHAIR Trustee or director, Officer | 50 | $225,000 |
| PATRICIA KILGALLON | TREASURER Trustee or director, Officer | 15 | $0 |
| MATTHEW CIMAGLIA | DIRECTOR Trustee or director | 5 | $0 |
| ELIZABETH DUDLEY | DIRECTOR Trustee or director | 5 | $0 |
| STEVEN GIACONA | TREASURER Trustee or director, Officer | 15 | $0 |
| DAN GUIN | DIRECTOR Trustee or director | 5 | $0 |
| ROBERT FRIEZO | DIRECTOR Trustee or director | 5 | $0 |
| PEG ANDERSON | DIRECTOR Trustee or director | 15 | $0 |
| ROGER STEIN | DIRECTOR Trustee or director | 5 | $0 |
| ERICA KASEL | DIRECTOR Trustee or director | 5 | $0 |
| MIKE KAUFMAN | DIRECTOR Trustee or director | 5 | $0 |
| CAMILO MIGUEL | DIRECTOR Trustee or director | 5 | $0 |
| IAN WEINER | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 433 PLAZA REAL STE 271, BOCA RATON, FL 33432-3945
- In care of
- % ANDREA VIRGIN
- Principal officer (990 for 2024)
- ANDREA VIRGIN, 433 PLAZA REAL 271, BOCA RATON, FL 33432
- Signed the 990
- ANDREA VIRGIN, CEO & BOARD CHAIR
- Phone
- (561) 859-2117
- Return prepared by
- KAUFMAN ROSSIN & CO PA
Mission
TO BUILD AND OPERATE AN INNOVATIVE, VITAL, AND FLEXIBLE CULTURAL CAMPUS THAT TRANSCENDS FUNCTION TO ENABLE CREATIVITY WITH NO BOUNDARIES.
Program accomplishments
- DURING THE CURRENT YEAR, THE CENTER FOR ARTS AND INNOVATION FOCUSED ON BOTH THE NEXT PHASE OF DESIGN AND DEVELOPMENT FOR ITS PLANNED FACILITY IN LINE WITH THEIR AGREEMENT WITH THE CITY OF BOCA RATON WHILE ALSO ADVANCING ITS CAPITAL FUNDRAISING INITIATIVES TO SUPPORT THE COMPLETION OF DESIGN EFFORTS AND TO PREPARE FOR CONSTRUCTION. BUILDING UPON THE SIGNIFICANT MILESTONES ACHIEVED IN PRIOR YEARS, THE ORGANIZATION CONCENTRATED ITS EFFORTS ON PREPARING AND PRESENTING ITS CONCEPTUAL DESIGNS TO BOTH THE COMMUNITY AND THE CITY, WHILE ALSO FINALIZING ITS BUSINESS PLAN, CULTIVATING MAJOR DONOR RELATIONSHIPS, DEVELOPING STRATEGIC PARTNERSHIPS, PLANNING PRE-OPENING PROGRAMMING, SECURING ESSENTIAL STAFF RESOURCES, AND EXPANDING ITS FUNDRAISING CAPACITY. THE CENTER CONTINUED TO ENGAGE COMMUNITY, BUSINESS, AND CIVIC LEADERS IN SUPPORT OF ITS MISSION TO FOSTER CREATIVITY, INNOVATION, AND ECONOMIC VITALITY. THESE EFFORTS HAVE POSITIONED THE ORGANIZATION FOR THE LAUNCH OF ITS CAPITAL CAMPAIGN AND THE REALIZATION OF A TRANSFORMATIVE CULTURAL AND EDUCATIONAL HUB FOR THE REGION.Expenses $952,385
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-2727388
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A61)
- Assets (IRS master file)
- $13,783,563
- Income (IRS master file)
- $7,188,775
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $576,969 | $3,218,591 | $13,783,563 | IRS |
| 990 | December 2023 | $6,602,246 | $1,245,425 | $16,091,270 | XML |
| 990 | December 2022 | $6,045,767 | $1,040,395 | $6,419,239 | IRS |
| 990 | December 2021 | $1,859,773 | $517,861 | $6,531,467 | IRS |
| 990 | December 2020 | – | – | – | 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 83-2727388).
Questions about THE CENTER FOR ARTS & INNOVATION INC
- What is the EIN of THE CENTER FOR ARTS & INNOVATION INC?
- The employer identification number (EIN) of THE CENTER FOR ARTS & INNOVATION INC is 83-2727388.
- Is THE CENTER FOR ARTS & INNOVATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to THE CENTER FOR ARTS & INNOVATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE CENTER FOR ARTS & INNOVATION 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 THE CENTER FOR ARTS & INNOVATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE CENTER FOR ARTS & INNOVATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE CENTER FOR ARTS & INNOVATION INC?
- The 990 for the year ended December 31, 2024 names ANDREA VIRGIN.
- Who are the officers and directors of THE CENTER FOR ARTS & INNOVATION INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 3 received compensation from the organization, the highest $205,003 (ANDREA VIRGIN, CEO & BOARD CHAIR).
- How much revenue does THE CENTER FOR ARTS & INNOVATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $576,969, expenses of $3,218,591 and total assets of $13,783,563 at year end.
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