2025-05-12T16:10:02-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-07-01 205116495 THE STUDIOS OF KEY WEST STUD 3052960458 533 EATON STREET KEY WEST FL 33040 JOHN E DODDS EXECUTIVE DIRECTOR 3052960458 2025-05-12 1 1 LACEY M QUATSOE P01300865 4078021200 2025-05-08 2023 2025-03-06 01:10:19Z JOHN E DODDS 533 EATON STREET KEY WEST FL 33040 3364443 0 X HTTPS://TSKW.ORG X 2006 FL TO SUPPORT THE ROLE OF ARTISTS, CREATIVE EDUCATORS, AND CULTURAL PRODUCERS IN KEY WEST, FLORIDA. 18 17 27 100 0 0 1428992 1320352 585330 766945 168103 522 520504 631290 2702929 2719109 0 0 0 0 993001 1099440 0 0 137196 1470895 1622052 2463896 2721492 239033 -2383 15249372 15217687 2062108 1917322 13187264 13300365 THE PRIMARY GOAL IS TO SUPPORT, FOSTER, AND ADVANCE THE ROLE OF ARTISTS, CREATIVE EDUCATORS, AND CULTURAL PRODUCERS IN KEY WEST, FLORIDA. 0 0 2166583 1389869 DEVELOPED, PROMOTED, AND PRODUCED CULTURAL, PROGRAMMING, AND ART EDUCATION FOR THE COMMUNITY, PRESENTED EXHIBITIONS, HUMANITIES LECTURES, FILM, THEATER, AND MUSIC EVENTS, HOSTING VISITING ARTISTS IN RESIDENCE, OFFERED PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR LOCAL CREATIVE PRACTITIONERS. 2166583 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 66 0 1 27 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JOHN E DODDS 3052960458 533 EATON ST KEY WEST FL 33040 RICHARD MCCHESNEY PRESIDENT 10.00 X X 0 0 0 KERRY SHELBY FIRST VICE PRESIDENT 5.00 X X 0 0 0 JACKSON KAUFELT SECOND VICE PRESIDENT 5.00 X X 0 0 0 FRANK WORMUTH TREASURER 2.00 X X 0 0 0 KIM MCGUIRE SECRETARY 2.00 X X 0 0 0 SCOTT BURAU MEMBER 2.00 X 0 0 0 KENDALL CAMERON MEMBER 2.00 X 0 0 0 LYNNE CASAMAYOR MEMBER 2.00 X 0 0 0 KATIE CONDON MEMBER 2.00 X 0 0 0 REDZA DEMPSTER MEMBER 2.00 X 0 0 0 CAMILA DUKE MEMBER 2.00 X 4248 0 0 ERIKA HAWKS MEMBER 2.00 X 0 0 0 EDUARDO HERRERA MEMBER 2.00 X 0 0 0 CHASE HURST MEMBER 2.00 X 0 0 0 CHRIS KENT MEMBER 2.00 X 0 0 0 LEE MOAK MEMBER 2.00 X 0 0 0 HARRELL ODOM MEMBER 2.00 X 0 0 0 ROSI WARE MEMBER 2.00 X 0 0 0 CHE ANDRE MEMBER (THRU 01/24) 2.00 X 0 0 0 JOHN E DODDS EXECUTIVE DIRECTOR 50.00 X 132050 0 0 136298 0 0 1 0 0 0 MARINO CONSTRUCTION GROUP INC PO BOX 1706 KEY WEST FL 33040 CARRIAGE TRADE RENOVATION 1309088 1 48139 47011 134631 1090571 31650 1320352 PROGRAM FEES 900099 556768 556768 ART SALES 900099 107641 107641 OTHER PROGRAM REVENUE 900099 102536 102536 766945 522 522 134483 8157 126326 126326 126326 12880 47011 31090 -18210 -18210 27576 1000 26576 26576 1101685 605087 496598 496598 2719109 1389869 0 8888 144848 95600 33315 15933 952908 629709 222206 100993 1684 1113 392 179 30944 30944 226570 226570 82189 82189 136214 113909 7339 14966 297135 282279 14856 62583 59454 3129 412787 392147 20640 56742 53901 2841 WORKSHOPS & PROGRAMS 179725 179725 ARTIST COMMISSION 83320 83320 IN-KIND TANGIBLE GOODS 31650 31650 DUES AND SUBSCRIPTIONS 14954 11963 2991 7239 5243 1996 2721492 2166583 417713 137196 1090604 618784 0 6065 265427 411508 132556 151932 20716 39777 15591562 2428610 12979824 13162952 760245 826669 15249372 15217687 303829 284314 47854 55840 1647806 1570526 62619 6642 2062108 1917322 X 10318990 12047790 2868274 1252575 13187264 13300365 15249372 15217687 X -2383 115484 X 0 1 X 1 0 X 2977687 3420648 2324373 1428992 1320352 11472052 2977687 3420648 2324373 1428992 1320352 11472052 166104 11305948 52182 160518 76639 109745 135005 534089 10200 7504 33352 99730 40456 191242 12197383 6596112 0.92690 0.93930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 10,200. 2020 AMOUNT: $ 7,504. 2021 AMOUNT: $ 21,095. LINE OF CREDIT - 2021 AMOUNT: $ 12,257. FUNDRAISING AND GAMING REVENUE - 2022 AMOUNT: $ 99,730. 2023 AMOUNT: $ 40,456. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97590 X 0 1 2568216 2568216 12381650 2184621 10197029 513790 243989 269801 127906 127906 13162952 BENEFICIAL INTEREST HELD WITH OTHERS 819449 UTILITY DEPOSITS 2700 RENTAL DEPOSITS 4520 826669 ADVANCE DEPOSITS - WORKSHOPS AND OTHERS 2266 CONSIGNMENTS 4376 6642 X 3539270 67500 752661 820161 2719109 0 2719109 3426169 67500 637177 704677 2721492 0 2721492 PART V, LINE 4: THE COMMUNITY FOUNDATION OF THE FLORIDA KEYS, INC. (CFFK) IS HOLDING ENDOWMENT FUNDS FOR THE BENEFICIAL INTEREST OF TSKW. ALSO, CFFK IS HOLDING FUNDS EARMARKED BY DONORS FOR TSKW. THESE FUNDS, HOWEVER, ARE NOT RECORDED IN THE FINANCIAL STATEMENTS. TSKW REFLECTS RECEIPTS AS INCOME WHEN THEY ARE RECEIVED (GRANTED TO TSKW) FROM/BY CFFK. THE PURPOSE OF THE ENDOWMENT FUND IS TO SUPPORT THE MISSION OF TSKW AND ARTIST RESIDENCIES AT KEY WEST. PART X, LINE 2: TSKW IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. TSKW IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENT OF FINANCIAL POSITION. TSKW HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE TSKW WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAMING & FUNDRAISING ACTIVITIES - EXPENSES 32,090. BOOKSTORE COSTS OF GOODS SOLD 605,087. CHANGE IN BENEFICIAL INTEREST HELD BY OTHERS 115,484. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING & FUNDRAISING ACTIVITIES - EXPENSES 32,090. BOOKSTORE COSTS OF GOODS SOLD 605,087. ARTS & EATS 59891 47011 12880 3561 27529 59891 47011 12880 3561 27529 31090 -18210 27576 1000 1 0.85000 27576 1000 1000 26576 FL 1 0 1 0 0.00000 1.00000 JOHN E DODDS 533 EATON ST KEY WEST FL 33040 0 JOHN E DODDS 0 JOHN E. DODDS IS THE EXECUTIVE DIRECTOR OF THE ORGANIZATION AND OVERSEES THE GAMING ACTIVITIES. X 0 X SUPPLIES 35 21450 COST X FOOD/BEVERAGES 7 10200 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBERS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE OFFICERS OF THE ORGANIZATION, AND MAY ALSO INCLUDE OTHER MEMBERS CHOSEN FROM AMONG THE GOVERNING BODY. IT IS ONLY AUTHORIZED TO TAKE ACTION AND EXERCISE AUTHORITY AS NEEDED IN THE ORDINARY COURSE OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY FINANCIAL MANAGEMENT THEN THE EXECUTIVE COMMITTEE AND THEN APPROVED BY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD RECOGNIZES THAT CONFLICTS OF INTEREST ARE NOT UNCOMMON AND THAT NOT ALL CONFLICTS OF INTERESTS ARE NECESSARILY HARMFUL TO TSKW. HOWEVER, THE BOARD REQUIRES FULL DISCLOSURE OF ALL ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. EACH COVERED INDIVIDUAL SHALL DISCLOSE ANY AND ALL FACTS THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST, BOTH THROUGH AN ANNUAL DISCLOSURE PROCESS AND IMMEDIATELY WHENEVER SUCH ACTUAL OR POTENTIAL CONFLICT OCCURS. STAFF DISCLOSURES SHOULD BE MADE TO THE EXECUTIVE DIRECTOR WHO WILL DIRECT THE MATTER TO THE CHAIRMAN OF THE BOARD. A DISCLOSURE BY THE EXECUTIVE DIRECTOR OR A MEMBER OF THE BOARD SHOULD BE MADE DIRECTLY TO THE CHAIRMAN OF THE BOARD. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE A COVERED INDIVIDUAL HAS FAILED TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, IT SHALL INFORM THE COVERED INDIVIDUAL OF THE BASIS FOR SUCH BELIEF AND AFFORD THE PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE PERSON'S RESPONSE, THE BOARD DETERMINES THE COVERED INDIVIDUAL HAS FAILED TO DISCLOSE A CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE ACTION, WHICH MAY INCLUDE REMOVAL OF A MEMBER OF THE BOARD OR TERMINATION OF EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD AND EXECUTIVE DIRECTOR REVIEWED REGIONAL AND SECTOR SALARIES FROM CANDID'S ANNUAL NON-PROFIT COMPENSATION REPORT AND THE QUALIFYING INCOME LIMITS BY HOUSEHOLD SIZE FROM THE MONROE COUNTY DEPARTMENT OF PLANNING & ENVIRONMENTAL RESOURCES. THE EXECUTIVE COMMITTEE ESTABLISHES THE EXECUTIVE DIRECTOR'S COMPENSATION, WHILE THE EXECUTIVE DIRECTOR SETS OTHER STAFF COMPENSATION, WHICH IS THEN APPROVED AS PART OF THE OPERATING BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST HELD BY OTHERS 115,484.