Los Gatos Music And Arts Inc
- Assets
- $37.2k
- Revenue
- $132.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Gatos, CA
- Founding
- 09/2008
- Data as of
- 10/2020
- EIN
- 37-1561055
Organization Overview
Los Gatos Music And Arts Inc is located in Los Gatos, CA. The organization was established in 2008. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Los Gatos Music And 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 10/2020, Los Gatos Music And Arts Inc generated $132.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $98.7k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO BRING MUSIC AND ART FORMS TO THE COMMUNITY OF LOS GATOS, CALIFORNIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
JAZZ ON THE PLAZZ: MUSICAL PERFORMANCES, LOS GATOS PLAZA, WEDNESDAY EVENINGS.
EDUCATE LOS GATOS COMMUNITY TO MUSIC AND ART FORMS THROUGH SCHOOLS, MUSEUMS, AND WORKSHOPS.
JAZZ ON THE PLAZZ: MUSICAL PERFORMANCES, LOS GATOS PLAZA, WEDNESDAY EVENINGS.
EDUCATE LOS GATOS COMMUNITY TO MUSIC AND ART FORMS THROUGH SCHOOLS, MUSEUMS, AND WORKSHOPS.
JAZZ ON THE PLAZZ: MUSICAL PERFORMANCES, LOS GATOS PLAZA, WEDNESDAY EVENINGS.
EDUCATE LOS GATOS COMMUNITY TO MUSIC AND ART FORMS THROUGH SCHOOLS, MUSEUMS, AND WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Knowels Chairman | Trustee | 4 | $0 |
Teri A Hope Pres/director | Trustee | 16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,723 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,496 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,374 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,050 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $43,755 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,679 |
| Office expenses | $4,727 |
| Information technology | $995 |
| Royalties | $0 |
| Occupancy | $2,610 |
| Travel | $3,784 |
| 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 | $248 |
| Insurance | $2,958 |
| All other expenses | $0 |
| Total functional expenses | $98,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,397 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $899 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,211 |
| 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 | $30,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $14,465 |
| Other liabilities | $0 |
| Total liabilities | $44,465 |
| 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 |
| Total liabilities and net assets/fund balances | -$7,254 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Los Gatos Music And Arts Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
The Society For The Promotion Of Japanese Animation Corona, CA | $13,619,220 | $9,492,860 |
Community Works West Inc Oakland, CA | $4,260,482 | $3,855,581 |