Bell Arts Factory
- Assets
- $507.5k
- Revenue
- $369.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Ventura, CA
- Founding
- 05/2005
- Data as of
- 12/2022
- EIN
- 05-0609775
Organization Overview
Bell Arts Factory is located in Ventura, CA. The organization was established in 2005. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Bell Arts Factory employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bell Arts Factory 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 12/2022, Bell Arts Factory generated $369.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $393.7k during the year ending 12/2022. While expenses have increased by 1.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
BRING PEOPLE TOGETHER TO CELEBRATE ART, EDUCATION AND COMMUNITY THROUGH DEVELOPING AN ARTS EDUCATION RESOURCE AND PROGRAM FOR THE UNDER-SERVED COMMUNITY AND DEVELOP THE AVAILABLE SPACE INTO AN EXCITING COMMUNITY MEETING, PROGRAM AND PERFORMANCE VENUE TARGETED TO THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART BUILDING - TO PROVIDE AN ENVIRONMENT THAT WILL ALLOW THE ARTISTS TO EXPAND THEIR TALENT AND SHARE WITH THE COMMUNITY THROUGH VARIOUS EXPRESSIONS AND CLASSES.
YOUTH - ENGLISH AND SPANISH LANGUAGE AFTER SCHOOL AND WEEKEND CLASSES PROVIDED FREE TO LOW-INCOME NEIGHBORHOOD YOUTH. PROGRAM IS FOCUSED ON TEACHING DRAWING, PAINT AND A GENERAL APPRECIATION OF ART WHILE BUILDING THEIR COGNITIVE AND CREATIVE CAPACITYCOMMUNITY ARTS EVENTS,INCLUDING PERFORMANCES, EXHIBITS AND ARTS CLASSES
ARTESIA - HEALING ARTS PROGRAM FOR THOSE THAT HAVE EXPERIENCED DOMESTIC VIOLENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maribel Hernandez Executive Director | 40 | $41,845 | |
Mario Bermudez Board Chair | OfficerTrustee | 1 | $0 |
Alondra Gaytan Secretary | OfficerTrustee | 1 | $0 |
Rebecca Franco Treasurer | OfficerTrustee | 1 | $0 |
Miguel Rodriguez Director | Trustee | 1 | $0 |
Moses Mora Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,333 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,733 |
| Total Program Service Revenue | $251,340 |
| Investment income | $21,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,845 |
| Compensation of current officers, directors, key employees. | $33,894 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,336 |
| Payroll taxes | $6,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,127 |
| Advertising and promotion | $21 |
| Office expenses | $2,127 |
| Information technology | $3,162 |
| Royalties | $0 |
| Occupancy | $235,517 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,338 |
| Insurance | $4,454 |
| All other expenses | $5,436 |
| Total functional expenses | $393,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,034 |
| 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 | $328,142 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,459 |
| Total assets | $507,450 |
| Accounts payable and accrued expenses | $0 |
| 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 | $81,000 |
| Other liabilities | $23,910 |
| Total liabilities | $104,910 |
| Net assets without donor restrictions | $401,971 |
| Net assets with donor restrictions | $569 |
| 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 | $507,450 |