Fallbrook Center For The Arts Inc is located in Fallbrook, CA. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Fallbrook Center For The Arts Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fallbrook Center For The Arts 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 06/2022, Fallbrook Center For The Arts Inc generated $459.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $611.6k 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
OUR MISSION IS TO BENEFIT THE FALLBROOK, CA REGION BY INCREASING BUSINESS IN THE DOWNTOWN AREA THROUGH TOURISM BY MAKING FALLBROOK AN ARTS DESTINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FALLBROOK ART CENTER HOST OVER 20 ART EXHIBITIONS DURING THE YEAR THAT ATTRACT LOCAL AND TOURIST VISITORS FROM THE REGION AND BEYOND TO THE FALLBROOK AREA. THESE VISITORS BENEFIT THE COMMUNITY ECONOMICALLY.
THE FALLBROOK SCHOOL OF THE ARTS HOLDS ART CLASSES FOR ALL AGES AND SKILL LEVELS, ATTRACTING STUDENTS FROM THE REGION, THROUGHOUT SOUTHERN CA AND BEYOND. THESE VISITORS ADD TO THE ECONOMY OF THE FALLBROOK AREA.
THE FALLBROOK ART IN PUBLIC PLACES COMMITTEE PLACES SCULPTURES AND MURALS THROUGHOUT FALLBROOK, CA TO ATTRACT AND ENGAGE TOURISTS AND LOCAL VISITORS. THIS GIVES THE VISITOR MORE TO DO IN THE COMMUNITY AND ENCOURAGES THEM TO STAY LONGER AND VISIT LOCAL BUSINESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marlene Rantanen Treas And Dir | OfficerTrustee | 12 | $0 |
Jerri Patchett Pres And Dir | OfficerTrustee | 12 | $0 |
Karen Morry Director | OfficerTrustee | 5 | $0 |
Michael Griffiths Asst Treasurer | OfficerTrustee | 8 | $0 |
Marjorie Claborn Sec And Directo | OfficerTrustee | 10 | $0 |
Elizabeth Leader Vice President | OfficerTrustee | 8 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $27,015 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $83,353 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $110,368 |
Total Program Service Revenue | $259,948 |
Investment income | $32,737 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $56,190 |
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 | $459,243 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $346,601 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $11,585 |
Payroll taxes | $31,810 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,526 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $5,059 |
Fees for services: Other | $0 |
Advertising and promotion | $15,760 |
Office expenses | $6,505 |
Information technology | $5,098 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $70 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $32,114 |
Insurance | $18,513 |
All other expenses | $36,741 |
Total functional expenses | $611,632 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $88,038 |
Savings and temporary cash investments | $22,590 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $20,779 |
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 | $881,066 |
Investments—publicly traded securities | $691,434 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $235,394 |
Total assets | $1,939,301 |
Accounts payable and accrued expenses | $12,007 |
Grants payable | $0 |
Deferred revenue | $16,365 |
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 | $2 |
Total liabilities | $28,374 |
Net assets without donor restrictions | $1,910,927 |
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 | $1,939,301 |
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