Palm Springs Modern Committe
- Assets
- $239.0k
- Revenue
- $219.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Palm Springs, CA
- Founding
- 03/2005
- Data as of
- 06/2022
- 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 06/2022, Palm Springs Modern Committe generated $219.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $177.3k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION & 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 EDUCATION FORUM FOR MAINTAINING AND PROMOTING PALM SPRINGS
PROMOTE, ENCOURAGE & SUPPORT PRESERVATION & PROTECTION OF HISTORIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
N Mclaughlin Exec Director | Trustee | 30 | $60,000 |
Courtny Newman President | Officer | 10 | $0 |
Peter Moruzzi Treasurer | Officer | 8 | $0 |
Julie Rogers Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,786 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,602 |
| Total Program Service Revenue | $117,319 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,804 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,877 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,000 |
| 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 | $7,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,088 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,932 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $478 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,681 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,678 |
| All other expenses | $4,983 |
| Total functional expenses | $177,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,997 |
| 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 | $238,997 |
| Accounts payable and accrued expenses | $29,671 |
| 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 | $29,671 |
| Net assets without donor restrictions | $209,326 |
| 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 | $238,997 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Palm Springs Modern Committe has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Betty R Sheffer Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Academy Of Mathematics & Science South Inc Tucson, AZ | $124,208,680 | $62,725,140 |
Artnow Fondation San Francisco, CA | $0 | $214,158 |
Lazy Mf Trust Irvine, CA | $2,742,949 | $392,168 |
Thru Guidance Ministries Los Angeles, CA | $2,841,551 | $7,857,035 |
Inner-City Arts Los Angeles, CA | $18,610,203 | $5,566,146 |
House Of Blues Music Forward Foundation Beverly Hills, CA | $3,094,278 | $3,522,048 |
School Of Arts And Culture At Mhp San Jose, CA | $8,721,548 | $4,861,362 |
Wayne Thiebaud Foundation Sacramento, CA | $135,503,481 | $2,669,000 |
California Jazz Conservatory Inc Berkeley, CA | $7,248,479 | $2,565,384 |
Arts For Healing And Justice Network Long Beach, CA | $3,982,925 | $3,271,300 |
Youth Music Project West Linn, OR | $1,663,643 | $2,050,654 |
Djerassi Resident Artists Program Woodside, CA | $5,870,903 | $1,216,127 |