Nova Arts Foundation Inc
- Assets
- $123.7k
- Revenue
- $327.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Kailua, HI
- Founding
- 05/1980
- Data as of
- 12/2023
- EIN
- 13-2941045
Organization Overview
Nova Arts Foundation Inc is located in Kailua, HI. The organization was established in 1980. According to its NTEE Classification (A62) the organization is classified as: Dance, 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. Nova Arts Foundation Inc 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 12/2023, Nova Arts Foundation Inc generated $327.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $355.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DANCE/ART PERFORMANCES TO ENABLE A DIVERSE AND GROWING AUDIENCE TO LEARN AND EXPERIENCE THE ART OF DANCE AND ITS CAPACITY TO EDUCATE BY CROSSING CULTURAL, SPIRITUAL, AND ECONOMIC BOUNDARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANCE PERFORMANCES, EDUCATION, AND PROGRAMS DESIGNED TO ENHANCE THE LEARNING AND EXPERIENCING OF THE ART OF DANCE AND HELPING FOSTER AN INCREASED SELF-AWARENESS AND UNDERSTANDING OF OTHER PEOPLE AND DIVERSE WORLD CULTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Bishop Treasurer | Officer | 1 | $0 |
Rai Saint Chu Secretary | Officer | 1 | $0 |
Laura Brucia Hamm President | Officer | 1 | $0 |
Michael North Vice Preside | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,464 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,939 |
| Total Program Service Revenue | $176,308 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $327,247 |
| 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. | $57,000 |
| Compensation of current officers, directors, key employees. | $28,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,072 |
| Payroll taxes | $7,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,419 |
| Office expenses | $3,260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,329 |
| Travel | $10,033 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $597 |
| Interest | $3,329 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,287 |
| Insurance | $5,405 |
| All other expenses | $11,239 |
| Total functional expenses | $355,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,841 |
| Pledges and grants receivable | $21,225 |
| 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 | $75,586 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $123,652 |
| Accounts payable and accrued expenses | $37,095 |
| Grants payable | $0 |
| Deferred revenue | $28,367 |
| 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 | $121,302 |
| Other liabilities | $0 |
| Total liabilities | $186,764 |
| Net assets without donor restrictions | $0 |
| 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 | -$63,112 |
| Total liabilities and net assets/fund balances | $123,652 |