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The Center for Arts & Innovation Inc

EIN 83-2727388 · Boca Raton, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak45 out of 100GovernanceStrong97 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Only 30% of its spending went to programs.
  • Raising each dollar of donations cost 1727 cents.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

TO BUILD AND OPERATE AN INNOVATIVE, VITAL, AND FLEXIBLE CULTURAL CAMPUS THAT TRANSCENDS FUNCTION TO ENABLE CREATIVITY WITH NO BOUNDARIES.

Income
$576,969
Spending
$3.2 million
Spent on programs
30%
Reserves
16.8 months of spending
Largest source of income
investment income, 86%
Employees
5
Volunteers
10
Highest pay
$205,003, ceo & board chair

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 45 out of 100. Higher than 14% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 16.8 months of spending.

  • Debt

    10 of 20

    It owes 31% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 458% of income.

  • Income trend

    0 of 15

    Income fell 91% on the year before.

  • Spending floor

    0 of 15

    30% of spending went to programs and raising each dollar of donations cost 1727 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 97 out of 100. Higher than 91% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    25 of 25

    12 of 13 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $952,385 spent. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2019.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.