Modernism Week
- Assets
- $1.5m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Palm Springs, CA
- Founding
- 10/2010
- Data as of
- 05/2022
- EIN
- 27-1259579
Organization Overview
Modernism Week is located in Palm Springs, CA. The organization was established in 2010. 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 05/2022, Modernism Week employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Modernism Week 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 05/2022, Modernism Week generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $2.4m during the year ending 05/2022. While expenses have increased by 9.0% per year over the past 7 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
THE MISSION OF MODERNISM WEEK IS TO CELEBRATE AND FOSTER APPRECIATION OF MIDCENTURY ARCHITECTURE AND DESIGN, AS WELL AS CONTEMPORARY THINKING IN THESE FIELDS, BY ENCOURAGING EDUCATION, PRESERVATION, AND SUSTAINABLE MODERN LIVING AS REPRESENTED IN PALM SPRINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHOWCASING AND RECOGNITION OF THE MID-CENTURY PERIOD OF DESIGN AND ARCHITECTURE. EVENTS AND ACTIVITIES HELD TO MEET THIS END AND TO UTILIZE ANY SURPLUS FUNDS TO A)OFFER SCHOLARSHIPS TO LOCAL STUDENTS WHO WISH TO PURSUE STUDIES IN THE FIELD AND B) PRESENT AND GROW THE EVENT FOR THE FOLLOWING YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Smith Executive Dir. | Officer | 40 | $158,620 |
Mark Davis Treasurer | OfficerTrustee | 1 | $0 |
Gary Johns Secretary | OfficerTrustee | 1 | $0 |
William Kopelk Chairman | OfficerTrustee | 1 | $0 |
Michelle Boudreau Director | Trustee | 1 | $0 |
Frances Anderton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,567 |
| All other contributions, gifts, grants, and similar amounts not included above | $598,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $646,593 |
| Total Program Service Revenue | $2,178,786 |
| Investment income | $422 |
| 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 | $70,291 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,896,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,350 |
| 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. | $158,620 |
| Compensation of current officers, directors, key employees. | $31,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,565 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,378 |
| Payroll taxes | $11,848 |
| Fees for services: Management | $386,628 |
| Fees for services: Legal | $3,545 |
| Fees for services: Accounting | $8,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,655 |
| Advertising and promotion | $146,809 |
| Office expenses | $16,663 |
| Information technology | $137,940 |
| Royalties | $0 |
| Occupancy | $4,900 |
| Travel | $20,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $340 |
| Insurance | $13,341 |
| All other expenses | $197,145 |
| Total functional expenses | $2,410,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,488,073 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,531 |
| 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 | $2,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,536,878 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,536,878 |
| 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 | $1,536,878 |
Grants Awarded
Over the last fiscal year, Modernism Week has awarded $64,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Palm Springs, CA PURPOSE: DONATION | $35,000 |
Palm Springs, CA PURPOSE: DONATION | $15,000 |
Palm Desert, CA PURPOSE: scholarships | $14,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Modernism Week has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Grace Helen Spearman Foundation Palm Springs, CA PURPOSE: TO CELEBRATE AND FOSTER APPRECIATION OF MIDCENTURY ARCHITECTURE | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Society For The Promotion Of Japanese Animation Santa Ana, CA | $0 | $15,922,386 |
Haven Gallery Pomona, CA | $12,441,851 | $10,866,207 |
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Maui Arts & Cultural Center Kahului, HI | $31,390,294 | $9,713,031 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |
Gray Area Foundation For The Arts San Francisco, CA | $1,951,369 | $4,455,887 |