Hermitage Artist Retreat Inc
6630 Manasota Key Road
Englewood FL 34223
The mission of the Hermitage Artist Retreat is to nurture creativity, preserve Florida history, protect native ecology, and serve our Gulf Coast communities. 
CEO/Executive Director Mr. Bruce E. Rodgers
Board Chair Mrs. Debbi Benedict
Board Chair Affiliation Community Volunteer
General Info
Tax Exempt Status Public Supported Charity
Incorporation Year 2002
State Charitable Solicitations Permit Yes Apr 2018
State Registration Yes Apr 2018
Financial Summary
Note: Revenue includes the value of in-kind contributions/donations
IRS Letter of Determination
501 DeterminationView
Impact Statement

Accomplishments 2012-2017:

1) Establishment  of endowments to support the care of the Hermitage property and to fund artist residencies. In 2015, established a third endowment to fund the Annette Dignam Hermitage/State College of Florida Residency in Literature.  Combined with the endowed Greenfield Foundation contract, the Hermitage funds cover 24% of operating expenses. The Hermitage also has an irrevocable, $500,000 bequest designated for the operating endowment.

2) Expanded our Artist Days from 687 in 2010, to over 1,100 in 2015. Artist communities measure the use of their facilities in “artist days," i.e. five artists in residence for one day represents five artist days.

3) National Partnerships: We have a partnership with the Aspen Music Festival and School for the Hermitage Prize presented each year at the Festival. We have a partnership with the Florida Humanities Council to provide a residency to the annual recipient of their Lifetime Achievement Award in Literature.  In 2015 established a partnership with the American Opera Project in New York City to support the residencies of a composer and lyricist working together on a new creation.

4) Greenfield Prize: The 2013 Greenfield Prize recipient was artist Trenton Doyle Hancock, whose art was displayed at the Ringling Museum in April 2015. The 2014 recipient was Pulitzer Prize winning playwright Nilo Cruz, whose commission premiered with a reading at the Asolo Repertory Theatre in 2015. The 2015 recipient was composer/percussionist Bobby Previte, whose commission had its world premiere at New Music New College on April 21-22, 2017.  The 2016 recipient was visual artist Coco Fusco, who is currently working on her project for a 2018 opening. The 2017 Greenfield Prize Recipient is celebrated photographer David Burnett, whose commission will open at Sarasota Museum of Art in 2019.

5) Successfully raised $360,000 locally that will be matched by the State of Florida with $240,000 Cultural Endowment Grant, creating the endowment that we call the Founders' Fund.

Goals 2017 - 2018:

1) Continue improvements at the new administrative building Palm House to better serve the Hermitage with office space plus two excellent program spaces which can accommodate between 50 and 150 people.
2) Begin a 3-5 year project with landscape architect Michael Gilkey to preserve the native ecology and the improve the campus experience for artists-in-residence and visitors alike. 
3) Continue building the Hermitage Endowments from the current $350,000 to one million.  
4) Begin building relationship with the communities across the country in which our artists live and work when they are not in residence at the Hermitage, including providing studio tours.
Needs Statement
  1. Realignment of landscape and structure maintenance and repair operations to have a contract facilities manager available. This would add approximately $15,000 to the annual budget.
  2. A complete restructuring of the Hermitage website.  Estimated cost of $20,000.
  3. Food for Artists.  Most artist communities provide meals for the artists, at least some days.  We currently provide one or two dinners weekly.  We would like to expand with dinners four nights and a full pantry of breakfast and lunch supplies.  have some kind of food program for their artists.  This would add approximately $30,000 to our annual budget.
  4. Additional Commissioning.  The Hermitage leads our field of approximately 500 artist communities in America with the commissioning we do through the Greenfield Prize.  We would like to add a second commission to build on the Greenfield model.  This would increase our annual operating budget by $60,000.
  5. Capital improvements.  Two historic buildings require immediate capital improvements: the Pump House, a live-work space reserved for writers and composers; and the 3-D Studio, a repurposed garage that serves visual artists of all types. Estimated cost of $30,000.
Background Statement
The Hermitage began as the brainchild of Patricia Caswell, then Director of the Sarasota Arts Council in 1999.  She enlisted cultural philanthropist Syd Adler and it became an official Arts Council project.  A steering committee of community activists was formed to raise the funds to restore the five historic buildings on 8-1/2 acres of  county-owned property on Manasota Key.  The first building was completed in 2003 and our first artist, sculptor Malcolm Robinson, came that year.
The organization received its 501(c)3 in 2002.  In 2005 Bruce Rodgers started as the first Executive Director and established the operating policies and procedures (including the "invitation only" policy for artist selection).  
The final building to be restored, the Tom Dignam Beach Cottage, was dedicated in February 2009.  The restoration of the five historic buildings was completed for approximately $1.2 million, almost all private funds, and without incurring any debt.
The Palm House and Preserve were added to the property that the Hermitage leases (20 years with option to renew) from Sarasota County, however no County funds go toward operating the organization. 
The Hermitage is proud of its three major programs:
1) Core residency program. The Hermitage provides living space and studio space for mid-career writers, painters, composers, playwrights, writers, and other creative individuals. These national and international artists come to our beachfront campus by invitation only from a highly prestigious national committee of experts from each of the artistic disciplines we support. All artists are offered a bank of six weeks and have two years to spend that time in weekly increments of their choosing. Plus, all artists are asked to perform two free community programs, which the Hermitage produces in collaboration with regional cultural organizations, libraries, and schools. Invitation acceptance rate has grown to near 100%.
2) The Greenfield Prize, a national prize awarded in drama, music, and visual art, is given in the form of a $30,000 commission for a new work and a Hermitage residency.
3) The STAR (State Teacher Artist Residencies) program is a three-week summer residency available to full-time Florida public school arts teachers.  More than 120 applicants have competed in the past five years for residencies in visual arts, music, theater, and creative writing.  STAR participants also provide free community programming.
Areas Served
Areas Served
State Wide
FL- Charlotte
FL- Manatee
FL- Sarasota
Areas Served Comments While our physical campus is on Manasota Key in southern Sarasota County, our core program artists come from all over the country, as well as a few international artists.  STAR program artists are arts teachers from around the state of Florida.  Hermitage free outreach programming takes place in theaters (Historic Asolo Theater); art centers (Englewood, Venice, and Sarasota Art Centers); libraries, bookstores, and schools in Sarasota, Charlotte, and Manatee Counties; and on our Manasota Key Gulf-front campus.  
Service Categories
Primary Org Type Arts,Culture & Humanities
Secondary Org Type Education
Tertiary Org Type Environment
Statement from the Board Chair/Board President

The excitement and gratitude of the 60 to 75 mid-career artists, of all disciplines, who visit the Hermitage Artist Retreat each year to draw upon our unique natural setting for creative inspiration, is immensely satisfying to those of us who serve on the Hermitage board. Art created at the Hermitage is displayed, played, or performed all around the world and imbues a sense of pride in our entire organization that is immeasurable. 

In addition, the Hermitage brings talented Florida public school teachers in the visual arts, music, and creative writing to our campus in July and August each year. Here, they are able to step outside the confines of their busy school year to nurture the artist within, enjoying the same experiences as our resident artists. Their experience at the Hermitage serves to not only enrich their own artistic life, but in turn, also enriches the artistic life of our state’s school children.

Locally and nationally, our collaborations with other arts organizations add even more flavor and diversity to the deep cultural life in our community. Along with our beach readings; artists’ open studio tours; our annual plein air painting day; and new this year, our Palm House lecture and demonstration space, we partner locally with the Asolo Repertory Theatre, the Sarasota Opera, The Ringling, La Musica, Englewood Art Center, and Art Center Sarasota, among others.

One of the things that excites me the most, but also presents our greatest challenge, is that here at the Hermitage, we are able to present readings and performances for free to our community, not only by our artists who are in our nationally curated residencies, but also by artists who stay at the Hermitage through the Greenfield Foundation’s Greenfield Prize, a national prize awarded in drama, music, and visual art and is given in the form of a $30,000 commission for a new work, and with our collaborations with the Aspen Music Festival and American Opera Projects.

What that means is, as we present our artists for free, we have no box office or gate revenues to sustain our organization, as most other arts organizations do, and must raise most of our operating funds through donors who value the creation of art for our time.

Are you one of those donors? If so, I hope you will consider supporting the Hermitage Artist Retreat today. Thank you!
Statement from the CEO/Executive Director

Sixty to 75 mid-career artists of all disciplines visit the Hermitage Artist Retreat each year to draw upon our unique natural setting for creative inspiration. The quality of these artists has continued to escalate. Art created at the Hermitage is displayed, played, or performed all over the U.S. and all over the world.

In addition, the Hermitage brings talented Florida public school teachers in the visual arts, music, and creative writing to our campus in July and August each year. Here, they are able to step outside the confines of their busy school year to nurture the artist within, enjoying the same experiences as our resident artists.

“Community” is—along with creativity, ecology and history—a pillar of the Hermitage Artist Retreat’s mission. The whole board looks forward to welcoming the community to our authors’ beach readings; artists’ open studio tours; our annual plein air painting day; and lecture/demonstrations at the Historic Asolo, Art Center Sarasota, and elsewhere around town. We seek donations in order for us to continue to offer them for free.

Everything this coming year will be about successfully incorporating Sarasota County’s newly acquired Palm House, just south of the current campus, into the Hermitage master plan. Its high ceilings and big, open floor plan will allow the Hermitage to invite artists who create in large scale—sculptors, choreographers, composers—and that’s exciting. And who knows what else it means for our future?
The Core Residency Program.  Artists are invited by a very prestigious National Curatorial Council of leaders affiliated with America's most important cultural institutions such as the John F. Kennedy Center,  Brooklyn Academy of Music, International Writers Program at Iowa State,  and the McCarter Theatre, among others.
We support residencies in visual arts, playwriting, prose and poetry, musical composition, choreography, performance art, and video.  Our artists are all mid-career creatives who are living by their artistic work.
Significantly ALL Hermitage artists are required to perform two free programs for the community during their residency period.  These programs include teacher and student workshops, readings by our authors, concerts, lectures, symposium, and serve all ages and areas of Sarasota, Manatee, and Charlotte Counties.
Budget $275,000
Category Arts, Culture & Humanities, General/Other Artists-in-Residence
Program Linked to Organizational Strategy Yes
Population Served Adults Children and Youth (0 - 19 years) Adults
Short Term Success For the artist population we serve, artists accomplish more work at a higher quality than they would have accomplished without the residency.  This is why artists go to residencies.  For the community, they have access to artists creating the most significant work of our time - artists whose work they will buy in the bookstores, see on the stages, and experience in the museums they all love.  
Long Term Success
Like our other programs, artistic work does not lend itself well to quantifiable metrics.  We measure the intensity of our use of the facility through "artist days."  That means five artists in residence for one day equals five artist days.  As a result, we track our artist days over time to track our breadth of service to the national artist community.  
Work created at the Hermitage is being produced and exhibited throughout the world. The Hermitage facilitates the creative process, and the work created as a result is impacting people from around the world.  All artist communities are evaluated by this standard: the quality of the artists working at the facility, and the quality of the work created while in residence.  
Program Success Monitoring We survey every Hermitage artist after their residency is complete.  This helps us make campus improvements and better serve the needs of individual artists.  We also network with the more than 300 artists who have been at the Hermitage, sharing their successes on our Facebook page and holding annual reunions in New York City.
Program Success Examples

Artist communities are evaluated by the quality of their artists, and by what happens to the work created there. Composer Nico Muhly and librettist Craig Lucas wrote their opera, Two Boys while in residence at the Hermitage. It premiered in 2011 at the English National Opera and opened at the New York Metropolitan Opera in November 2013. Other examples: Playwright Craig Lucas’ Greenfield-commissioned play Ode To Joy, on stage at the Cherry Lane Theater, New York; Composer Bernard Rand’s Concerto for Piano and Orchestra, performed by the Boston Symphony Orchestra and conducted by Hermitage fellow Robert Spano; Sculptor Malcolm Robertson’s bronze tribute to jute mill workers unveiled in Dundee, Scotland; Filmmaker Bill Morrison’s retrospective at the Museum of Modern Art in New York.

We share testimonials from our artists to demonstrate the impact of a Hermitage residency on their work. Brooklyn artist Will Villalongo noted after staying at the Hermitage: I contemplated immensities and clarified ideas. The Hermitage is a beautiful gift to the arts and the environment, reminding us that there is great value in both.

ETHEL’s cellist Dorothy Lawson wrote: It is impossible to overstate the impact The Hermitage is having on our working process, our vision, our career, and opportunities. We are ETERNALLY in your debt.

Visual artist and designer Anne Patterson noted, The project for the San Francisco Symphony, Debussy's "St. Sebastien" that I was working on while at the retreat opened this past weekend. It was a huge success! Standing ovations, great reviews, sold out crowds, talk of touring! It really could not have been better….So many thanks to you for giving me the time and space to create such a successful project. Both key ideas of the project were developed while I was at the Hermitage!"

The STAR (State Teacher/Artist Residencies) Program provides a three-week, summer residency for Florida public school teachers of visual arts, creative writing, and music. In partnership with the Florida Alliance for Arts Education (FAAE), applications are accepted and evaluated by a jury for selection. The 2011 pilot program had 78 applicants vie for two visual arts residencies, two creative writing residencies, and one music residency. Since then more than 120 teachers have applied for these residencies.  Each summer, the teachers participate in a free Beach program, just as other Hermitage artists do. We look forward to welcoming five more teacher/artists in 2017.

Budget $20,000
Category Arts, Culture & Humanities, General/Other Artists-in-Residence
Program Linked to Organizational Strategy Yes
Population Served Adults
Short Term Success
A free beach program each summer gives our teacher/artists the opportunity to showcase their own creativity in visual arts, music, or drama.  The teachers tell us they return home and to the classroom refreshed and enthusiastic.
Long Term Success STAR participants provide program evaluations and valuable feedback. This testimonial from Fred Rosa, a teacher in Miami-Dade County, is just one example of the impact of STAR. “ A one of a kind opportunity that I will always remember and treasure, the Hermitage Artist Retreat. It is a dream come true for me to be able to work in such a magical place. I was able to develop a substantial body of work within a month. I am a father of three and a full time art teacher. The STAR program gave me the opportunity to get away from the day-to-day worries and focus completely on my artwork. Waking up to that incredible view was a way for me to generate creativity. Thanks to this generous program, I was able to complete several paintings which will be in future art shows. I feel very proud to have been a part of this process. There was a special bond with the other artists. It was fun and stimulating to have shared ideas and feedback with the others.
Program Success Monitoring We survey the artist/teachers at the end of the residency.  Plus, we know that these teachers tell others about the program which results in new applicants every year.
Program Success Examples
"Never before have I had an opportunity to share a residency with other artists, which share their love of teaching, as well as the excitement of creative process.  The STAR residency has offered each one of us a motivational creative learning experience, a time to celebrate and share creativity with other arts educators having similar goals and aspirations.  Our productivity has blossomed as our friendships strengthened." - Patricia Cummins, Miami-Dade County
“My fellowship at the Hermitage has been a most generous gift of time to create and rejuvenate in a spectacular environment. I have been inspired to fill stacks of notebooks with words and stories; but to my surprise, I have realized my greatest gain from this experience has been a rekindling of respect and passion for myself, as an artist and a teacher." - Melissa Pranke, Orange County 
"The Hermitage has afforded us not only time and space but more importantlyinspiration." Andrea Huffman, Broward County 
Description In 2008, the Trustees of the Hermitage Artist Retreat and the Board of Directors of the Greenfield Foundation signed a contract for the Hermitage to create, administer, and promote a prize of national significance for playwrights, composers, and visual artists.  The prize includes a cash award of $30,000 in the form of a commission for a new work from a major American artist in one of the above three disciplines.  In addition, it includes a Hermitage residency to create the work, a partnership with a professional Sarasota arts organization to develop and premiere the work, and support for national awareness and performance/exhibition of the work once it is completed.  The contract with the Greenfield Foundation is in perpetuity.  It has already achieve national attention.  It is a growing, exciting Hermitage program that has put our organization squarely in the national spotlight and in the forefront of our field.  No other artist community is commissioning at this level.
Budget $136,500
Category Arts, Culture & Humanities, General/Other Artists-in-Residence
Program Linked to Organizational Strategy Yes
Population Served Adults
Short Term Success Short-term success will be measured by the commissioned work achieving its first production/performance/exhibition.  To date, seven works have been premiered, most recently a 4 month exhibition at the Ringling Museum by 2013 winner Trenton Doyle Hancock.
Long Term Success Long term success will be measured by the continued production/exhibition of work commissioned by the Greenfield Prize.  It is the goal of the prize to inspire significant works that will have an impact on the discipline itself and/or on society.  
Program Success Monitoring Artists winning the Greenfield Prize are asked to fill surveys about their experience.  In addition, we continually improve the prize selection process by ending each 6-month selection process with a feedback session with the national jury that is assembled to select the prize winner. We monitor the subsequent life of the work with Google Alerts which inform us of other productions of the work, and by maintaining communications with the prize winners.
Program Success Examples Because the prize is relatively new, there are only a few examples of fully executed commissions; a play by Craig Lucas, a chamber music piece by Eve Beglarian, and exhibitions at the Ringling Museum by Sanford Biggers and Trenton Doyle Hancock.=.  Craig continues to develop his play amidst other writing work he is completing and it has grown from two related one-act plays, to three related independent, full-length plays.  A video with Craig speaking of the impact of this prize on him and his work has been uploaded with this profile.
Program Comments by Organization

From the Executive Director:  The Hermitage Artist Retreat is the only cultural organization of its kind in Sarasota County as it is not a performing arts organization and it’s not an exhibiting organization. Our unique mission serves individual artists, primary creators such as writers, composers, visual artists, playwrights, poets and the like, by providing them with a special environment bathed in history and nature in which to work. Since the first artist stayed here in 2003, we have gone from a fledgling start-up organization to a thriving, sustainable national and international institution that is, through residencies and partnerships, having local, state-wide, national, and international impact.

Our commitment to serving our artists is only matched by our commitment to serve the regional community. Every Hermitage artist is required to perform free programs for the community and every Greenfield Prize commission is premiered in partnership with a regional cultural institution. Plus, in partnership with Ms. Barbara Shepherd of the John F. Kennedy Center in Washington, we host residencies for artists whose work is with young audiences and school arts integration. These artists, the best in the nation at what they do, perform their community programs in schools, working with our faculty or directly with our students.

We think of our work in concentric circles, beginning on our Manasota Key Campus where we host our artists, where we work every day to preserve the Florida history in our buildings, and where we host free public programs on our beach and in our studios. Other programs are conducted throughout Sarasota, Manatee, and Charlotte Counties. Our STAR program specifically tailored for Florida’s public school arts teachers in music, visual art, theater, and creative writing, impact school districts around the State of Florida. And the work our artists create is exhibited, performed, and published throughout the United States and around the world.

We are proud that we have achieved national and international stature in our first decade of operations and that artists from around the world come here, to our beautiful shore, to be inspired and create work touching audiences everywhere.

CEO/Executive Director
CEO/Executive Director Mr. Bruce E. Rodgers
CEO Term Start July 2005
CEO/Executive Director Email director@HermitageArtistRetreat.org

Bruce Rodgers is a musician, writer, administrator, producer and playwright with meanderings into corporate consulting in creativity and computer software design.  He was a co-writer of Innovation Inc – A Guide to Creativity in the Workplace and has contributed several chapters to a nationally popular software book.  He received his undergraduate degree in Music Education from SUNY Postdam and his graduate degree in Creative Writing from Indiana University.  He served three years with the West Point Band and was a lyricist with the famed BMI Musical Theatre Workshop in New York under Lehman Engle. In the 1980s he was affiliated with the McCarter Theatre as resident playwright.  As an arts administrator he was Literary Manager of the GeVa Theatre in Rochester, NY, and from 1993 to 2004 the Associate Artistic Director of the Asolo Theatre Company in Sarasota, Florida. As a playwright, He first came to the Asolo in 1991 as a playwright when the Asolo produced his play,Lost Electra, winner of the Rosenthal New Play Prize at Cincinnati Playhouse in the Park.  In 1992, the Asolo commissioned him to write Centerburg Tales, an adaptation of short stories by Robert McCloskey.  In 1995 the Asolo produced The Gravity of Honey in the Cook Theatre. His work has been produced at major regional professional theaters throughout the United States, at the Dublin International Theatre Festival, and as a reading in Paris, France.

He served on the board of the Florida Alliance for Arts Education. He also is a board member of the Alliance of Artist Communities and the advisory board for Community Haven and Adult Services.  He has received a special Renaissance Award from the Sarasota County Arts Council and an Ace of Hearts award from the Florida Alliance for Arts Education.   He is proud to be a MacDowell Colony Fellow, a Seaside Escape to Create Fellow, and is currently the founding Executive Director of the Hermitage Artist Retreat on the beach on Manasota Key, in Englewood, Florida. 

Former CEOs/Executive Directors
Senior Staff
Mr. Craig Badinger Development Director
Ms. Patricia Caswell Co-Founder / Program Director
Mrs. Holly Pisaturo Administrator
Staff & Volunteer Statistics
Full Time Staff 3
Part Time Staff 2
Staff Retention Rate % 100
Professional Development Yes
Contractors 2
Volunteers 45
Management Reports to Board Yes
CEO/Executive Director Formal Evaluation Yes
Senior Management Formal Evaluation Yes
Non-Management Formal Evaluation Yes
We partner with the John and Mable Ringling Museum of Art, Ringling College of Art and Design, New College, State College of Florida, Florida State University, Florida Studio Theatre, Asolo Repertory Theatre, Westcoast Black Theater Troupe, Sarasota Film Society, Venice Art Center, Englewood Art Center, Art Center Sarasota, Sarasota Orchestra, La Musica International Chamber Music Festival, Wellness Community of Southwest Florida, Florida Alliance for Arts Education, Charlotte County Public Schools, Sarasota County Public Schools and Sarasota County Public Libraries for outreach programming.
External Assessments and Accreditations
Awards & Recognition
Cultural Champion Award to Bruce RodgersArts and Cultural Alliance of Sarasota County2015
Risk Management Provisions
Government Licenses
Organization Licensed by the Government No
Fundraising Plan Yes
Communication Plan No
Strategic Plan No
Strategic Plan Years
Strategic Plan Adopted 0
Management Succession Plan Yes
Continuity of Operations Plan No
Nondiscrimination Policy No
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy No
Policies and Procedures No
Management Comments by Organization The professional staff meets weekly to discuss projects and priorities.  Our contract professionals in marketing and grants management meet with staff at least monthly.
Other Documents
Board Chair
Board Chair Mrs. Debbi Benedict
Company Affiliation Community Volunteer
Board Term July 2017 to June 2019
Board Chair Email debbibenedict@verizon.net
Board Members
Board Members
Mr. Steve Adler Murex Properties
Ms. Debbi Benedict Media columnist
Mr. Lawrence Bold Retired Attorney/CPA
Mrs. Marletta Darnell Community Volunteer
Ms. Rebecca Donelson Art Dealer
Mr. David Green Community Volunteer
Ms. Laura Kaminsky Symphony Space
Mr. Andy Maass Community Volunteer
Ms. Joy Norwood Community Volunteer
Mrs. Charlotte Perret Community Volunteer
Ms. Michele Redwine Community Volunteer
Ms. Karen Solem Literary Agent
Ms. Nelda Thompson Nelda Thompson Real Estate
Constituency Includes Client Representation Yes
Board Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 12
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Gender
Male 4
Female 9
Unspecified 0
Board Term Lengths 3
Board Term Limits 3
Board Orientation Yes
Number of Full Board Meetings Annually 3
Board Meeting Attendance % 69
Board Self-Evaluation Yes
Written Board Selection Criteria No
Board Conflict of Interest Policy Yes
% of Board Making Monetary Contributions 100
% of Board Making In-Kind Contributions 100
Standing Committees
Board Governance
Campus Planning and Development
Strategic Planning / Strategic Direction
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Governance Comments by Organization

One of the greatest governance challenges in the Sarasota community is ethnic diversity. We are extremely pleased that a very qualified person, Michele Redwine, was elected in June, 2014 for her first three-year term. Michele is a Diversity Education Consultant / Sculptor and educator with 35 years of executive–leadership experience in not-for-profit organizations, public sectors, educational institutions and local government entities. She serves also on the board of the Ringling Museum.

Another challenge is the active schedules of our Trustees, which has resulted in a slight drop in attendance (from an average of 76% to 67%) at board meetings.  The Governance committee plans to address this issue.
Current Year Projections
Tax Year Start Month July
Tax Year Start Day 01
Tax Year Begins 2017
Tax Year End Month June
Tax Year End Day 30
Tax Year Ends 2018
Projected Revenue $681,500.00
Projected Expenses $681,500.00
Total Projected Revenue includes "in-kind" contributions/ donations No
Organization has Endowment Yes
Endowment Value $347,870.00
Endowment Spending Policy Percentage
Endowment Spending Policy % 4
Capital Campaign
Currently In a Capital Campaign Yes
Anticipate Campaign within 5 years? Yes
Campaign Purpose Landscape master plan "Restoring a Sense of Place," to be completed in phases over 3-5 years. Campaign Goal represents what is required to fund the first several phases which can be implemented this fiscal year.
Campaign Goal $90,000.00
Campaign Dates Sept 2017 to Apr 2018
Amount Raised To Date 51851 as of Dec 2017
Financial Review
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201720162015
Foundation and
Corporation Contributions
Government Contributions$40,559$0$0
Individual Contributions$542,682$443,023$355,404
Investment Income, Net of Losses$4,420$3,847$3,811
Membership Dues$0$0$0
Special Events$243,294$136,606$69,687
Revenue In-Kind$0$0$3,769
Expense Allocation
Fiscal Year201720162015
Program Expense$483,877$393,278$397,927
Administration Expense$123,893$152,880$132,413
Fundraising Expense$0$0$0
Payments to Affiliates$0$0$0
Total Revenue/Total Expenses1.511.070.91
Program Expense/Total Expenses80%72%75%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201720162015
Total Assets$1,538,856$1,382,895$1,349,294
Current Assets$513,667$319,379$307,836
Long-Term Liabilities$0$0$0
Current Liabilities$24,670$33,861$29,377
Total Net Assets$1,514,186$1,349,034$1,319,917
Top Funding Sources
Fiscal Year201720162015
Top Funding Source & Dollar AmountContributions, gifts, grants $542,682Contributions, gifts, grants $443,023Contributions, gifts, grants $355,404
Second Highest Funding Source & Dollar AmountFundraising $243,294Fundraising $136,606Fundraising $69,687
Third Highest Funding Source & Dollar AmountLuncheon & Paddle Raise $87,610Investment Income $3,847Greenfield Prize $49,943
CEO/Executive Director Compensation $100,001 - $125,000
Tax Credits No
Short Term Solvency
Fiscal Year201720162015
Current Ratio: Current Assets/Current Liabilities20.829.4310.48
Long Term Solvency
Fiscal Year201720162015
Long-Term Liabilities/Total Assets0%0%0%
Financials Comments
Financial Comments by Organization The Hermitage is financially sound, with a four-month operating reserve and no debt. 
Financial Comments by Foundation Foundations and corporations are included with individual contributions as they are not separated in the 990 or audit.  Financial figures are taken from IRS Form 990.  2009, 2010 and 2011 990s reconcile with audit. 
Nonprofit Hermitage Artist Retreat Inc
Address 6630 Manasota Key Road
Englewood, FL 34223
Phone 941 475-2098 2