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    <Timestamp>2012-03-03T08:20:03-08:00</Timestamp>
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        <BusinessNameLine1>Pellegrino Honick Mcfarland &amp; Miller PA</BusinessNameLine1>
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        <BusinessNameLine1>THE ARTIST SERIES OF SARASOTA INC</BusinessNameLine1>
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      <FeesForServicesOther>
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        <Total>8440</Total>
        <ManagementAndGeneral>8440</ManagementAndGeneral>
      </OfficeExpenses>
      <InformationTechnology>
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      <Royalties>
        <Total>0</Total>
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      <Occupancy>
        <Total>8580</Total>
        <ProgramServices>8580</ProgramServices>
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      <Travel>
        <Total>0</Total>
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      <TravelEntrtnmntPublicOfficials>
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      <ConferencesMeetings>
        <Total>0</Total>
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      <Interest>
        <Total>0</Total>
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      <PaymentsToAffiliates>
        <Total>0</Total>
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        <Total>1566</Total>
        <ManagementAndGeneral>1566</ManagementAndGeneral>
      </DepreciationDepletion>
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        <ProgramServices>3745</ProgramServices>
        <ManagementAndGeneral>2106</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>VENUE RENTAL</Description>
        <Total>50056</Total>
        <ProgramServices>50056</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PERFORMANCE EXPENSES</Description>
        <Total>15931</Total>
        <ProgramServices>15931</ProgramServices>
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      <OtherExpenses>
        <Description>CONTRACT SERVICES</Description>
        <Total>11939</Total>
        <ManagementAndGeneral>11939</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>ARTIST TRANSPORT &amp; LODGING</Description>
        <Total>25441</Total>
        <ProgramServices>25441</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>ARTIST FEES</Description>
        <Total>119175</Total>
        <ProgramServices>119175</ProgramServices>
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        <Total>66465</Total>
        <ProgramServices>51215</ProgramServices>
        <ManagementAndGeneral>15250</ManagementAndGeneral>
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        <Total>456374</Total>
        <ProgramServices>401655</ProgramServices>
        <ManagementAndGeneral>49855</ManagementAndGeneral>
        <Fundraising>4864</Fundraising>
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      <SavingsAndTempCashInvestments>
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      <PledgesAndGrantsReceivable>
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      <ReceivablesFromOfficersEtc>
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      <OtherNotesLoansReceivableNet>
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      <InventoriesForSaleOrUse>
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      <PrepaidExpensesDeferredCharges>
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      <LandBuildingsEquipmentBasis>12115</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>8923</LandBldgEquipmentAccumDeprec>
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      <InvestmentsProgramRelated>
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      <IntangibleAssets>
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        <EOY>104916</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
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      <TotalLiabNetAssetsFundBalances>
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        <EOY>310147</EOY>
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      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>-19134</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>26566</ReconcilationOtherChanges>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AccountantCompileOrReview>true</AccountantCompileOrReview>
      <FSAudited>false</FSAudited>
      <AuditCommittee>false</AuditCommittee>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>false</FederalGrantAuditPerformed>
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      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
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        <CurrentTaxYearMinus3Years>111525</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>154412</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>175930</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>178137</CurrentTaxYear>
        <Total>812493</Total>
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        <CurrentTaxYearMinus3Years>178576</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>191932</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>213946</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>253687</CurrentTaxYear>
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      <GrossReceiptsFromNonUBI>
        <Total>0</Total>
      </GrossReceiptsFromNonUBI>
      <TaxRevLeviedForOrgBenefit509>
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      <ValueOfSvcsFcltsFurnishdByGovt>
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        <CurrentTaxYearMinus1Year>389876</CurrentTaxYearMinus1Year>
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      <AmtsRecdFromDisqualPersons>
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      <PublicSupportTotal509>1809917</PublicSupportTotal509>
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      </NetIncomeFromOtherUBI>
      <OtherIncome509>
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        <CurrentTaxYearMinus3Years>3103</CurrentTaxYearMinus3Years>
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        <CurrentTaxYearMinus3Years>304169</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>349929</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>393905</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>437240</CurrentTaxYear>
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      <PublicSupportPercentage509>0.97570</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.97160</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.01570</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.01640</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
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      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="10000105" softwareVersion="2010v3.2">
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        <BeginningOfYearBalance>86140</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>19263</InvestmentEarningsOrLosses>
        <AdministrativeExpenses>487</AdministrativeExpenses>
        <EndOfYearBalance>104916</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <Contributions>79050</Contributions>
        <InvestmentEarningsOrLosses>7489</InvestmentEarningsOrLosses>
        <AdministrativeExpenses>399</AdministrativeExpenses>
        <EndOfYearBalance>86140</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <BoardDesignatedEOYBalance>0.43400</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.56600</PermanentEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
      <Equipment>
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        <Depreciation>8923</Depreciation>
        <BookValue>3192</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>3192</TotalOfBookValueLandBuildings>
      <TotalBookValueOtherAssets>104916</TotalBookValueOtherAssets>
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    <IRS990ScheduleG documentId="IRS990ScheduleG" softwareId="10000105" softwareVersion="2010v3.2">
      <AgreementRefFundraising>false</AgreementRefFundraising>
      <EventsInformation>
        <NameOfEvent1>SCHOLARSHIP DINNERS</NameOfEvent1>
        <GrossReceiptsEvent1>50676</GrossReceiptsEvent1>
        <GrossRevenueEvent1>50676</GrossRevenueEvent1>
        <OtherDirectExpensesEvent1>41403</OtherDirectExpensesEvent1>
        <NameOfEvent2>ANNIVERSARY EVENT</NameOfEvent2>
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        <GrossRevenueEvent2>18507</GrossRevenueEvent2>
        <OtherDirectExpensesEvent2>26324</OtherDirectExpensesEvent2>
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    <IRS990ScheduleI documentId="IRS990ScheduleI" softwareId="10000105" softwareVersion="2010v3.2">
      <RecordsMaintained>true</RecordsMaintained>
      <NoGrantMoreThan5000>X</NoGrantMoreThan5000>
      <TotalNbrOf501C3AndGovtGrants>0</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>SCHOLARSHIP AWARDS</TypeOfGrant>
        <NumberOfRecipients>16</NumberOfRecipients>
        <AmountOfCashGrant>26300</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>Grantmaker's Description of How Grants are Used</Identifier>
        <Explanation>THE SCHOLARSHIP PROGRAM SPONSORS ONE OF THE MOST PRESTIGIOUS COMPETITIONS IN FLORIDA. THE SCHOLARSHIPS ARE AWARDED TO TALENTED YOUNG MUSICIANS WHO ARE RESIDENTS OF FLORIDA. PROOF OF FLORIDA RESIDENCY IS ESTABLISHED BY (1) A COPY OF A FLORIDA DRIVERS LICENSE, OR (2) A LETTER FROM A SCHOOL OFFICIAL INDICATING THAT THE APPLICANT HAS BEEN A FULL-TIME STUDENT, OR (3) AN OFFICIAL GOVERNMENT DOCUMENT THAT SHOWS THE APPLICANT HAS BEEN A FULL-TIME RESIDENT.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="10000105" softwareVersion="2010v3.2">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>SEVERAL DOCUMENTS ARE PUBLISHED ARE OUR OWN WEBSITE. DOCUMENTS ARE ALSO MADE AVAILABLE UPON WRITTEN REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>THE DISCLOSURE DOCUMENTS ARE COMPARED AGAINST ANY POTENTIAL AREAS OF CONFLICT.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>BOARD MEMBERS ARE NOTIFIED THAT A DRAFT FORM 990 IS AVAILABLE FOR THEIR REVIEW AND OFFERED PAPER OR PDF COPIES UPON REQUEST. QUESTIONS AND COMMENTS ARE INVITED IN ADVANCE OF FILING THE RETURN. THE 990 RETURN IS REVIEWED BY PROFESSIONAL STAFF.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>