2018-01-31T08:12:54-06:00 2016-12-31 591818353 KAUFMAN ROSSIN & CO PA 2699 S BAYSHORE DRIVE MIAMI FL 33133 990 2016-01-01 651134780 LOCUST PROJECTS INC LOCU 3055768570 3852 NORTH MIAMI AVENUE MIAMI FL 33127 DEBRA SCHOLL CHAIR 3055768570 2018-01-30 1 ALBERT PRIMO P00962904 3058585600 2018-01-30 209.236.133.1 2018-01-30 10:53:58 ES P CC7BA5FA4A2EE9881D583785AD9743245CC5FC6F 942F320584275D622A3D65EB2515846D8741A011 2016 2021-01-29 14:40:06Z DEBRA SCHOLL 3852 NORTH MIAMI AVENUE MIAMI FL 33127 992099 0 X WWW.LOCUSTPROJECTS.ORG X 2001 FL TO PROMOTE THE VISUAL ARTS BY PROVIDING EXHIBITION SPACE PRESENTING SITE-SPECIFIC ARTWORK FILLING THE GAP BETWEEN MUSEUMS AND COMMERCIAL GALLERIES. 31 31 7 0 67490 0 586020 583549 106699 166334 25 28 43428 67490 736172 817401 0 0 0 0 268353 248637 0 0 45434 469921 557337 738274 805974 -2102 11427 211290 252367 20259 49909 191031 202458 X LOCUST PROJECTS IS AN ALTERNATIVE, NOT FOR PROFIT, MIAMI-BASED EXHIBITION SPACE DEDICATED TO PROVIDING CONTEMPORARY VISUAL ARTISTS THE FREEDOM TO EXPERIMENT WITH NEW IDEAS AND METHODS WITHOUT THE PRESSURES OF GALLERY SALES OR OTHER LIMITATIONS OF CONVENTIONAL 0 0 623999 166334 PROVIDED EXHIBITION SPACE AND PUBLIC EXPOSURE FOR SITE-SPECIFIC VISUAL ARTWORK BY PRESENTING WORKS OF SEVERAL LOCAL, NATIONAL AND INTERNATIONAL ARTISTS. 28 INVESTMENT INCOME IS UTILIZED TO PROVIDE FUNDS TO CONTINUE WITH THE ORGANIZATION'S MISSION. 623999 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 57 0 1 7 1 0 0 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 X LOCUST PROJECTS INC 3055768570 3852 NORTH MIAMI AVENUE MIAMI FL 33127 X WESTEN CHARLES DIRECTOR 4.00 X 0 0 0 STEPHEN BANDER DIRECTOR 4.00 X 0 0 0 DEBRA FRANK DIRECTOR 4.00 X 0 0 0 JORGE GARCIA DIRECTOR 4.00 X 0 0 0 STEVEN LANSTER DIRECTOR 4.00 X 0 0 0 STEWART MERKIN DIRECTOR 4.00 X 0 0 0 DEBRA SCHOLL CHAIRMAN OF THE BOARD 5.00 X X 0 0 0 PAUL BERG DIRECTOR 4.00 X 0 0 0 JOAN BLACKMAN DIRECTOR 4.00 X 0 0 0 MARIO CADER-FRECH DIRECTOR 4.00 X 0 0 0 VIVIAN PFEIFFER DIRECTOR 4.00 X 0 0 0 AMY POLLACK DIRECTOR 4.00 X 0 0 0 LINDA ADLER DIRECTOR 4.00 X 0 0 0 MELISSA KRINZMAN DIRECTOR 4.00 X 0 0 0 ELIZABETH WITHSTANDLEY DIRECTOR 4.00 X 0 0 0 BRYAN COOPER DIRECTOR 4.00 X 0 0 0 SUE ERVIN DIRECTOR 4.00 X 0 0 0 KERRI MCNULTY DIRECTOR 4.00 X 0 0 0 JOHN DEVINE DIRECTOR 4.00 X 0 0 0 DAWN ADELS FINE DIRECTOR 4.00 X 0 0 0 CARLOS R LAGO DIRECTOR 4.00 X 0 0 0 DOREEN LIMA DIRECTOR 4.00 X 0 0 0 ALBERT PRIMO DIRECTOR 4.00 X 0 0 0 LAURA SHERIDAN-RAIFFE DIRECTOR 4.00 X 0 0 0 LORIEL BELTRAN DIRECTOR 4.00 X 0 0 0 RAUL GUIJARRO DE PABLO DIRECTOR 4.00 X 0 0 0 AVRA JAIN DIRECTOR 4.00 X 0 0 0 ISABEL KOWAL DIRECTOR 4.00 X 0 0 0 CAROLINA LATOUR DIRECTOR 4.00 X 0 0 0 JOHN JOSEPH LIN DIRECTOR 4.00 X 0 0 0 DANIEL NOVELA DIRECTOR 4.00 X 0 0 0 MUNISHA UNDERHILL DIRECTOR 4.00 X 0 0 0 0 0 0 0 0 0 0 0 69758 1000 512791 162019 583549 COMMON FIELD 900099 102615 102615 SALES-ARTISTS EDITION 900099 63719 63719 166334 28 28 242188 1000 174698 67490 67490 817401 166362 67490 0 X 230853 115427 115426 17784 8892 8892 23428 11714 11714 94328 76159 18169 22072 22062 10 36082 27540 509 8033 17343 16143 1200 85700 85700 7611 7611 845 845 8329 7663 666 COMMON FIELD 103935 103935 ARTIST COMMISSIONS 51013 36563 14450 MATERIALS 38635 36435 2200 HONORARIA 25735 25060 675 42281 42250 31 805974 623999 136541 45434 101286 129492 76003 82022 7872 15795 35147 10089 26129 25058 211290 252367 4500 14827 15759 35082 20259 49909 X 0 0 0 0 191031 202458 191031 202458 211290 252367 11427 0 X 0 0 0 X 398106 280340 664865 576245 573684 2493240 398106 280340 664865 576245 573684 2493240 294424 2198816 23 18 25 28 94 12043 9047 21090 2514424 511296 0.87450 0.82460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27910 3311 24599 7237 6778 459 25058 SALES TAX PAYABLE 383 OTHER CURRENT LIABILITIES 25517 P/R TAXES PAYBLE 9182 35082 SPRING FLING 167466 500 166966 2120 1196 94468 SMASH AND GRAB 75722 500 75222 2120 1195 73599 243188 1000 242188 4240 2391 168067 174698 67490 X 167 162019 ESTIMATED FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION MAKES FINANCIAL STATEMENTS AND BOARD DOCUMENTS AVAILABLE UPON WRITTEN REQUEST. A COPY OF THE RETURN IS PROVIDED AT THE BOARD OF DIRECTORS MEETING FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S OFFICERS ARE NOT COMPENSATED. THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR'S AND OTHER EMPLOYEES' COMPENSATION ARRANGEMENTS ON AN ANNUAL BASIS AND COMPARES THE APPLICABLE COMPENSATION TO SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 18 ORGANIZATION MAKES FINANCIAL STATEMENTS AND BOARD DOCUMENTS AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION MAKES FINANCIAL STATEMENTS AND BOARD DOCUMENTS AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 63,975. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 18,169. TOTAL EXPENSES 82,144. GRANT WRITER: PROGRAM SERVICE EXPENSES 12,184. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,184. HURRICANE IRMA RELIEF THIS TAX RETURN HAS BEEN FILED PURSUANT TO IRS NEWS RELEASE IR-2017-155 THAT PROVIDES TAX RELIEF FOR VICTIMS OF HURRICANE IRMA. ACCORDINGLY, THE TAXPAYER IS NOT SUBJECT TO LATE FILING PENALTIES PURSUANT TO INTERNAL REVENUE CODE SECTION 7508 AND TREAS. REG. SECTION 301.7508A-1. THE TAXPAYER AND/OR ITS TAX RETURN PREPARER ARE LOCATED WITHIN THE FEDERALLY DECLARED DISASTER AREA DESIGNATED IN IRS NEWS RELEASES IR-2017-155 & IR-2017-156.