2018-05-15T09:21:43-05:00 2017-06-30 010720052 MORRISON BROWN ARGIZ & FARRA LLC 1450 BRICKELL AVENUE 18TH FLOOR MIAMI FL 33131 990 2016-07-01 592141837 NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC NATI 3053771140 2100 BISCAYNE BLVD MIAMI FL 33137 CAROLINA GARCIA JAYARAM CEO 3053771140 2018-05-14 1 DAVID HOLLANDER CPA P00646430 3053735500 2016 2022-09-23 18:48:47Z YOUNGARTS CAROLINA GARCIA JAYARAM 2100 BISCAYNE BLVD MIAMI FL 33137 22067165 0 X WWW.YOUNGARTS.ORG X 1981 FL IDENTIFY AND ASSIST EMERGING ARTISTS 22 22 67 22 0 0 10362573 9158549 150749 131557 811776 2259078 -324515 -398536 11000583 11150648 1416653 991296 0 0 3892570 4437196 0 0 1605999 6734869 5493967 12044092 10922459 -1043509 228189 45236800 46689648 3152016 2842197 42084784 43847451 X THE MISSION OF THE NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS IS TO IDENTIFY EMERGING ARTISTS AND ASSIST THEM AT CRITICAL JUNCTURES IN THEIR EDUCATIONAL AND PROFESSIONAL DEVELOPMENT, AND TO RAISE THE APPRECIATION FOR, AND SUPPORT OF, THE ARTS IN AMERICAN SOCIETY. 0 0 2839151 991296 99899 YOUNGARTS IS NFAA'S CORE PROGRAM. IT PROVIDES RECOGNITION AND AWARDS TO YOUNG ARTISTS ACROSS THE COUNTRY. NFAA IS THE ONLY ORGANIZATION THAT ENCOURAGES AND RECOGNIZES ARTISTIC EXCELLENCE IN THE LITERARY, VISUAL AND PERFORMING ARTS, INCLUDING DANCE, CINEMATIC ARTS, JAZZ, MUSIC, PHOTOGRAPHY, THEATER,VISUAL ARTS, VOICE, AND CREATIVE WRITING. EACH YEAR, APPROXIMATELY 10,000 STUDENTS REGISTER FOR THE YOUNGARTS PROGRAM AND APPROXIMATELY 450 STUDENTS RECEIVE CASH AWARDS. 361960 YOUNGARTS "EDUCATIONAL INITIATIVE" INCLUDES EFFORTS EXPENDED TO IMPROVE THE EDUCATIONAL IMPACT OF THE YOUNGARTS PROGRAM, INCLUDING CONDUCTING AND/OR PRODUCING EDUCATIONAL TOOLS, CLASSES, AND WORKSHOPS USED IN PUBLIC SCHOOLS ACROSS THE COUNTRY AT NO COST TO SCHOOLS AS WELL AS EFFORTS TOWARD INCREASING SCHOLARSHIP OPPORTUNITIES FOR YOUNG ARTISTS VIA CONNECTING TALENTED YOUNG ARTISTS WITH COLLEGES AND CONSERVATORIES SEEKING SUCH TALENT. 303945 EACH YEAR, 20 YOUNGARTS FINALISTS ARE NAMED PRESIDENTIAL SCHOLARS IN THE ARTS. AT THE REQUEST OF THE COMMISSION ON PRESIDENTIAL SCHOLARS, WHICH IS APPOINTED BY THE PRESIDENT OF THE UNITED STATES, THE NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS, THROUGH ITS YOUNGARTS PROGRAM SERVES AS THE EXCLUSIVE NOMINATING AGENCY FOR PRESIDENTIAL SCHOLARS IN THE ARTS. PARTICIPANTS IN THE YOUNGARTS PROGRAM ARE THE ONLY STUDENTS ELIGIBLE TO RECEIVE THE DESIGNATION OF PRESIDENTIAL SCHOLARS IN THE ARTS (PSA), BASED ON THEIR ARTISTIC AND ACADEMIC ACHIEVEMENTS. BEING NAMED A PRESIDENTIAL SCHOLAR IS THE HIGHEST SCHOLASTIC HONOR AVAILABLE TO GRADUATING HIGH SCHOOL SENIORS. EACH YEAR, A GROUP OF 60 PSA NOMINEES ARE SELECTED FROM THE 170 YOUNGARTS FINALISTS. FROM THESE STUDENTS, 20 WINNERS ARE CHOSEN BY THE COMMISSION ON PRESIDENTIAL SCHOLARS AND NAMED PRESIDENTIAL SCHOLARS IN THE ARTS, ALONGSIDE 120 ACADEMIC SCHOLARS AT A WHITE HOUSE CEREMONY. IN ADDITION TO THIS ONCE-IN-A-LIFETIME HONOR, THE VISUAL ARTISTS, PHOTOGRAPHERS AND WRITERS PRESENT THEIR WORK IN AN EXHIBITION AT THE SMITHSONIAN MUSEUM, AND THE PERFORMING ARTISTS PERFORM AT THE JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS; TRULY A LIFE CHANGING EXPERIENCE FOR ANY YOUNG ARTIST. 4892320 70670 OTHER PROGRAMS INCLUDE OUTSIDE THE BOX, ART BASEL, SALON SERIES AND OTHER ALUMNI PROGRAMS. 4892320 70670 8397376 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 518 0 67 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL AL CT ME NH NC OK PA RI SC UT WA MD X JEWEL MALONE 3053771140 2100 BISCAYNE BOULEVARD MIAMI FL 33137 JOHN J O'NEIL ESQ TRUSTEE 1.00 1.00 X 0 0 0 RICHARD KOHAN TRUSTEE 5.00 X 0 0 0 PLACIDO DOMINGO TRUSTEE 1.00 X 0 0 0 ZUZANA SZADKOWSKI TRUSTEE 1.00 X 0 0 0 AGNES GUND TRUSTEE 1.00 X 0 0 0 BRIAN CULLINAN TRUSTEE 1.00 X 0 0 0 JOHN J KAUFMAN TRUSTEE 1.00 X 0 0 0 JUSTIN DICIOCCIO TRUSTEE 1.00 X 0 0 0 LINDA COLL TRUSTEE 1.00 X 0 0 0 MARCUS SHERIDAN TRUSTEE 1.00 X 0 0 0 SARAH ARISON TRUSTEE 1.00 1.00 X 0 0 0 WILLIAM MORRISON TRUSTEE 1.00 X 0 0 0 ARMANDO M CODINA TRUSTEE 1.00 X 0 0 0 DESMOND RICHARDSON TRUSTEE 1.00 X 0 0 0 DR EDUARDO J PADRON TRUSTEE 1.00 X 0 0 0 DR RONALD C MCCURDY TRUSTEE 1.00 X 0 0 0 MAURICE ZARMATI TRUSTEE 1.00 X 0 0 0 MERYL COMER TRUSTEE 1.00 X 0 0 0 KRISTY EDMUNDS TRUSTEE 1.00 X 0 0 0 VICTORIA ROGERS TRUSTEE 1.00 X 0 0 0 SANDRA TAMER TRUSTEE 1.00 X 0 0 0 JOSEPH M THOMPSON TRUSTEE 1.00 X 0 0 0 HARRY HERSH TRUSTEE 1.00 X 0 0 0 HUGH S CUMMINS III TRUSTEE 1.00 X 0 0 0 CAROLINA GARCIA JAYARAM CHIEF EXECUTIVE OFFICER 40.00 1.00 X 165539 0 10094 JEWELLYN MALONE CHIEF OPERATING OFFICER 40.00 X 118907 0 5047 LISA LEONE VP OF PROGRAMS 40.00 X 214952 0 32339 VANESSA LEITMAN VP OF EXTERNAL RELATIONS 40.00 X 214593 0 29296 JOHN CLARK VP OF DEVELOPMENT 40.00 X 215942 0 19204 LENA MAKURATH SENIOR DIRECTOR OF INDIVIDUAL GIVING 40.00 X 133557 0 14099 EUM Y PARK DIRECTOR OR ALUMNI AND PUBLIC PROGRAMS 40.00 X 123069 0 7750 1186559 0 117829 11 0 1 0 STEPHEN STARR EVENTS 1103 BISCAYNE BLVD MIAMI FL 33132 CATERING 171378 WOW FACTOR MARKETING GROUP 800 DOUGLAS ROAD SUITE 105 CORAL GABLES FL 33134 EVENT PRODUCTION 161781 FINN PARTNERS INC 301 EAST 57TH STREET NEW YORK NY 10022 PUBLIC RELATIONS CONSULTANCY 143935 DAUN LLC 207 WEST 21ST STREET SUITE 3 NEW YORK NY 10011 FUNDRAISING CONSULTANT 120320 ASSOCIATED PRINTING PRODUCTION 13295 NW 60TH AVENUE MIAMI LAKES FL 33014 PRINTING AND PRODUCTION 120262 10 1259780 206853 7691916 9158549 APPLICATION FEES 711190 99899 99899 FACILITIES RENTAL AND TICKET SALE 711190 31658 31658 131557 939873 939873 38382 0 38382 38382 38382 11675333 10356128 1319205 1319205 1319205 122841 1259780 560389 -437548 -437548 MISCELLANEOUS INCOME 713990 630 630 630 11150648 170569 0 1821530 X 991296 991296 299588 107440 97104 95044 3476861 2682014 142437 652410 106126 77236 4958 23932 302792 227797 27973 47022 251829 189456 23265 39108 41500 41500 226759 226759 1474222 1182326 158558 133338 212750 212750 131598 131598 1067490 952941 52351 62198 105124 84100 10512 10512 51280 41024 5128 5128 MATERIALS AND SUPPLIES 922704 596512 14396 311796 PROGRAM AND EVENT CONSU 388832 388832 0 0 EQUIPMENT RENTAL AND MA 203954 111046 92908 0 667754 421008 21235 225511 10922459 8397376 919084 1605999 235539 203456 65000 0 301509 178815 127434 113791 707512 504239 285984 203273 35386141 38685758 6731844 5185661 2103349 2118894 45236800 46689648 625986 804697 2500 37500 523530 0 2000000 2000000 3152016 2842197 X 2126521 2417339 28140819 29597123 11817444 11832989 42084784 43847451 45236800 46689648 X 228189 1936649 -402171 X 0 1 X 1 0 X 14339706 13380447 12593801 10362573 9158549 59835076 14339706 13380447 12593801 10362573 9158549 59835076 39440269 20394807 1264572 1209103 1350368 1291115 939873 6055031 65890107 1032847 0.30950 0.25000 X NFAA HAS RECEIVED SEVERAL LARGE DONATIONS THAT, WHEN COMBINED, CAUSED IT TO FALL BELOW THE ONE-THIRD MEASUREMENT OF BROAD PUBLIC SUPPORT. THE ORGANIZATION WAS AND REMAINS COMMITTED TO REPRESENTING AND SERVING THE BROAD GENERAL PUBLIC THROUGH ITS PROGRAMS TO SOLICIT PUBLIC FUNDS, COMMUNITY-BASED GOVERNING BODY, AND PROVISION OF FACILITIES AND SERVICES FOR THE BENEFIT OF THE PUBLIC.NFAA HAS A SIGNIFICANT AND HIGHLY VISIBLE CHARITABLE PRESENCE ACROSS THE COUNTRY THROUGH ALL OF ITS EDUCATION, ARTS PROMOTION, AND OTHER ACTIVITIES, INCLUDING THROUGH ITS MASTERCLASS, FILM SERIES AND STUDY GUIDE AND PARTICIPATION IN THE U.S. PRESIDENTIAL SCHOLARS IN THE ARTS PROGRAM. THE ORGANIZATION IS THE ONLY NATIONAL ORGANIZATION THAT EDUCATES, RECOGNIZES AND SUPPORTS EMERGING YOUNG ARTISTS IN TEN DISCIPLINES IN THE VISUAL, LITERARY AND PERFORMING AND DESIGN ARTS. EACH YEAR THE ORGANIZATION SPONSORS PUBLIC DISPLAYS AND EXHIBITIONS OF THE WORKS OF THE YEAR'S WINNERS, INCLUDING BUT NOT LIMITED TO, RECIPIENTS OF THE U.S. PRESIDENTIAL SCHOLARS IN THE ARTS, AND SUPPORTS MANY PUBLIC PERFORMANCES BY THE RECIPIENTS OF THE AWARDS, WHICH ARE OPEN TO THE PUBLIC. NFAA'S GOVERNING BODY IS COMPRISED OF 22 INDIVIDUALS WITH DIVERGENT AND CIVIC-MINDED BACKGROUNDS AND WHO REPRESENT A WIDE ARRAY OF COMMUNITY AND PUBLIC INTERESTS, INCLUDING THE ARTS AND PHILANTHROPIC COMMUNITIES. ALL OF THE ORGANIZATION'S BOARD MEMBERS ARE "INDEPENDENT VOTING MEMBERS" AS DEFINED BY THE FORM 990 REPORTING INSTRUCTIONS.NFAA CONTINUES TO MAINTAIN AN ACTIVE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC AND EACH YEAR RECEIVES DONATIONS FROM A VARIETY OF SOURCES, INCLUDING PUBLIC AND PRIVATE DONORS AS WELL AS GOVERNMENT GRANTS. THE ORGANIZATION RELIES GREATLY ON THE CONTRIBUTIONS OF GENEROUS INDIVIDUALS, CORPORATIONS, FOUNDATIONS, AND PHILANTHROPIC INSTITUTIONS. NFAA MAINTAINS A DEVELOPMENT DEPARTMENT AND ITS LONG-STANDING FUNDRAISING EFFORTS HAVE INCLUDED FUNDRAISING THROUGH TELEPHONE, MAIL, INTERNET SOLICITATIONS, AND FUNDRAISING EVENTS. THE ORGANIZATION'S ANNUAL "BACKYARD BALL" PERFORMANCE AND GALA IS RECOGNIZED AS A SIGNIFICANT PHILANTHROPIC EVENT, AND OVER THE YEARS HAS BROUGHT ART ENTHUSIASTS TOGETHER AND SHOWCASED YOUNG ARTISTS' ACHIEVEMENTS IN ALL FORMS OF ART. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X EDUCATION 0 42160171 3969014 2199996 43929189 44001200 359470 2200000 42160670 46544796 656404 3200000 44001200 43678349 4645442 1778995 46544796 52681002 50000 3775194 12305691 44200505 0.05700 0.26900 0.67400 0 0 707512 504239 203273 203273 ALTERNATIVE INVESTMENTS 5185661 F 5185661 ARTWORK PLEDGED TO THIRD PARTIES 2000000 2000000 X PART III, LINE 4: THE FOUNDATION HAS A COLLECTION OF ART CREATED BY SEVERAL OF OUR MASTER TEACHERS AND IS ON DISPLAY AT APPROPRIATE TIMES. THE FOUNDATION RECEIVED A GIFT OF ARTWORK VALUED AT $2,000,000 IN 2013. THE GIFT AGREEMENT SPECIFIED THAT THE ARTWORK WILL BE LOANED OR DONATED TO THE ART IN EMBASSIES PROGRAM. THE ARTWORK WAS RECORDED AS AN ASSET AND LIABILITY ON THE BALANCE SHEET. PART V, LINE 4: THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF INCOME TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE FOUNDATION RECOGNIZES AND MEASURES TAX POSITIONS BASED ON THEIR TECHNICAL MERIT AND ASSESSES THE LIKELIHOOD THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. INTEREST AND PENALTIES ON TAX LIABILITIES, IF ANY, WOULD BE RECOGNIZED IN INTEREST EXPENSE AND OTHER NON INTEREST EXPENSE, RESPECTIVELY. THE U.S. FEDERAL JURISDICTION AND FLORIDA ARE THE MAJOR TAX JURISDICTIONS WHERE THE FOUNDATION FILES INCOME TAX RETURN. THE FOUNDATION IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AURHORITIES FOR FISCAL YEARS BEFORE 2014. GALA 1382621 1259780 122841 120622 123536 316231 1382621 1259780 122841 120622 123536 316231 560389 -437548 1 YOUNGARTS FINALISTS, HONORABLE MENTION AND MERIT AWARDS 444 991296 CASH PART I, LINE 2: CASH AWARDS ARE ISSUED TO YOUNG ARTISTS BASED ON MERIT AS DETERMINED BY OUR ESTEEMED JUDGES. THE AWARDS LISTED IN PART III REPRESENT THE MOST TALENTED OF OUR YOUNG ARTISTS. YOUNGARTS AWARDED APPROXIMATELY $991,000 TO NEARLY 450 OTHER WINNERS WHO EACH RECEIVED CASH AWARDS BETWEEN $250 AND $10,000. X X X X X X 0 0 0 0 0 0 0 0 0 CAROLINA GARCIA JAYARAM CHIEF EXECUTIVE OFFICER 162554 0 0 0 2985 0 0 0 10094 0 175633 0 0 0 LISA LEONE VP OF PROGRAMS 214952 0 0 0 0 0 9748 0 22591 0 247291 0 0 0 VANESSA LEITMAN VP OF EXTERNAL RELATIONS 214593 0 0 0 0 0 9730 0 19566 0 243889 0 0 0 JOHN CLARK VP OF DEVELOPMENT 215942 0 0 0 0 0 9535 0 9669 0 235146 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THERE IS AN EXECUTIVE COMMITTEE OF THE NYA WHICH COMPRISES OF MEMBERS FROM THE GOVERNING BOARD OF TRUSTEES. THERE ARE 7 MEMBERS WHO SIT ON THIS COMMITTEE WHICH IS CHAIRED BY THE THE CHAIRMAN OF THE BOARD OF TRUSTEES. THE SEVEN MEMBERS OF THE EXECUTIVE COMMITTEE ARE SARAH ARISON, ARMANDO M. CODINA, RICH KOHAN, JACK O'NEIL, MARC SHERIDAN, JEWEL MALONE, CAROLINA JAYARAM. THE MAIN RESPONSIBILITIES ARE TO OVERSEE AND MAKE DECISIONS REGARDING THE FUNCTIONING OF THE ORGANIZATION. SINCE THE ENTIRE BOARD OF TRUSTEES MEET ONLY TWICE PER YEAR, THE EXECUTIVE COMMITTEE IS CALLED UPON TO MAKE KEY DECISIONS IN BETWEEN MEETINGS. FORM 990, PART VI, SECTION A, LINE 2 TWO MEMBERS OF THE BOARD OF TRUSTEES, HARRY HERSH AND SARAH ARISON, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY EXECUTIVE MANAGEMENT AND CONSULTANTS FROM PRICEWATERHOUSECOOPERS AND APPROVED BEFORE IT IS FILED BY THE INDEPENDENDENT ACCOUTANTS WHO PREPARED THE RETURN. THE BOARD OF DIRECTORS ARE SENT A COPY OF THE FORM 990 BEFORE THE TAX RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY APPLIES TO EMPLOYEES AND IS INCLUDED IN THE EMPLOYEE HANDBOOK. ALL EMPLOYEES ACKNOWLEDGE THEIR UNDERSTANDING OF THE POLICY. THE CEO REITERATES THE POLICY AS DEEMED NECESSARY. THE CEO DETERMINES WHETHER A CONFLICT EXISTS AND REVIEWS THE CONFLICT. IF A CONFLICT EXISTS, RESTRICTIONS INCLUDE PROHIBITING THE EMPLOYEE FROM PARTICIPATING AND TERMINATION, IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION FOR THE CEO AND THESE DELIBERATIONS ARE GUIDED BY AN EXTERNAL PARTY'S COMPENSATION STUDY WHICH LOOKS AT COMPARABLE INSTITUTIONS AND THE CURRENT RATE IN THE MARKET TO ATTRACT THE BEST TALENT TO FILL THIS MOST IMPORTANT POSITION. THE PROCESS WAS LAST UNDERTAKEN IN JUNE 2017. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G INDEPENDENT CONTRACTORS: PROGRAM SERVICE EXPENSES 732,810. MANAGEMENT AND GENERAL EXPENSES 65,000. FUNDRAISING EXPENSES 133,338. TOTAL EXPENSES 931,148. SERVICES: PROGRAM SERVICE EXPENSES 57,167. MANAGEMENT AND GENERAL EXPENSES 11,898. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,065. ARTISTS PRODUCTION FEES: PROGRAM SERVICE EXPENSES 372,076. MANAGEMENT AND GENERAL EXPENSES 77,440. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 449,516. OTHER: PROGRAM SERVICE EXPENSES 20,273. MANAGEMENT AND GENERAL EXPENSES 4,220. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,493. FORM 990, PART XI, LINE 9: RECLASSIFICATION OF CONTRIBUTION BETWEEN NFAA AND NATIONAL YOUNG ARTS -402,171. FOUNDATION SUPPORTING ORGANIZATION. NATIONAL YOUNGARTS FOUNDATION SUPPORTING ORGANIZATION INC C/O AFO LLC 2100 BISCAYNE BOULEVARD MIAMI FL 33137 455508211 FUNDRAISING FL 501(C)(3) LINE 12A, I YOUNGARTS 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 NATIONAL YOUNGARTS FOUNDATION SUPPORTING ORGANIZATION INC O 206620 FMV