Project X Foundation For Art And Criticism
- Assets
- $108.7k
- Revenue
- $400.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Los Angeles, CA
- Founding
- 01/2003
- Data as of
- 06/2023
- EIN
- 42-1547728
Organization Overview
Project X Foundation For Art And Criticism is located in Los Angeles, CA. The organization was established in 2003. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Project X Foundation For Art And Criticism employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project X Foundation For Art And Criticism 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 06/2023, Project X Foundation For Art And Criticism generated $400.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $449.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PUBLISH X-TRA, A QUARTERLY JOURNAL OF CONTEMPORARY ART CRITICISM, AVAILABLE NATIONWIDE VIA NEWSSTANDS, BOOKSTORES, AND THE WEB. PRESENT PUBLIC EVENTS (LECTURES, PANEL DISCUSSIONS, SCREENINGS, PERFORMANCES) IN LOS ANGELES.
Describe the Organization's Program Activity:
PUBLISH X-TRA, A QUARTERLY JOURNAL OF CONTEMPORARY ART CRITICISM, AVAILABLE NATIONWIDE VIA NEWSSTANDS, BOOKSTORES, AND THE WEB. PRESENT PUBLIC EVENTS (LECTURES, PANEL DISCUSSIONS, SCREENINGS, PERFORMANCES) IN LOS ANGELES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nora Khan Executive Dir. | Officer | 30 | $67,292 |
Elizabeth Pulsinelli Exec. Editor | Officer | 3 | $28,933 |
Jeff Beall Director | OfficerTrustee | 3 | $0 |
Chris Hoff Director | Trustee | 3 | $0 |
Kim Allen-Niesen Secretary | OfficerTrustee | 3 | $0 |
Karen Moss CEO | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,405 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,493 |
| Noncash contributions included in lines 1a–1f | $4,106 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,898 |
| Total Program Service Revenue | $31,267 |
| Investment income | $8 |
| 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 | $400,173 |
| 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. | $121,539 |
| Compensation of current officers, directors, key employees. | $28,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,491 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,003 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,626 |
| Advertising and promotion | $49,059 |
| Office expenses | $28,521 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,174 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,502 |
| All other expenses | $734 |
| Total functional expenses | $449,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,052 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,105 |
| 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 | $4,913 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,647 |
| Total assets | $108,717 |
| Accounts payable and accrued expenses | $39,374 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $5,391 |
| Total liabilities | $64,765 |
| Net assets without donor restrictions | $43,952 |
| 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 | $108,717 |