Palm Springs Modern Committe
- Assets
- $189.4k
- Revenue
- $226.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Palm Springs, CA
- Founding
- 03/2005
- Data as of
- 06/2024
- EIN
- 02-0607200
Organization Overview
Palm Springs Modern Committe is located in Palm Springs, CA. The organization was established in 2005. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Springs Modern Committe is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Palm Springs Modern Committe generated $226.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $264.1k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION AND PROTECTION OF HISTORIC PLACES AND EDUCATION TO MAINTAIN AND PROMOTE PALM SPRINGS HISTORIC MODERN ARCHITECTURAL RESOURCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVE AS EDUCTION FORUM FOR MAINTAINING AND PROMOTING PALM SPRINGS
PROMOTE, ENCOURAGE AND SUPPORT PRESERVATION AND PROTECTION OF HISTORIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtny Newman President | Officer | 8 | $0 |
Peter Moruzzi Treasurer | Officer | 10 | $0 |
Julie Rogers Secretary | Officer | 5 | $0 |
N Mclaughlin Exec Director | Trustee | 30 | $85,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $51,972 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,758 |
| Total Program Service Revenue | $118,828 |
| Investment income | $3,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,825 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,120 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,500 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,843 |
| Advertising and promotion | $0 |
| Office expenses | $863 |
| Information technology | $1,669 |
| Royalties | $0 |
| Occupancy | $2,772 |
| Travel | $143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $689 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,186 |
| All other expenses | $0 |
| Total functional expenses | $264,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,430 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $189,430 |
| Accounts payable and accrued expenses | $23,205 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,205 |
| Net assets without donor restrictions | $166,225 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $189,430 |
Grants Awarded
Over the last fiscal year, Palm Springs Modern Committe has awarded $50,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
PS ART MUSEUM PURPOSE: ALLUMINAIR | $50,000 |