Community Arts Stabilization
- Assets
- $32.3m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 11
- Location
- San Francisco, CA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-1897606
Organization Overview
Community Arts Stabilization is located in San Francisco, CA. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Community Arts Stabilization employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Arts Stabilization 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 12/2021, Community Arts Stabilization generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 18.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PURCHASING AND LEASING SPACE FOR THE EXCLUSIVE USE OF NONPROFIT ARTS ORGANIZATIONS SERVING LOW INCOME COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ART STABILIZATION TRUST CREATES STABLE PHYSICAL SPACES FOR ARTS AND CULTURAL ORGANIZATIONS, PROPERTIES FOR PURCHASE OR MASTER LEASING, AND IMPLEMENTING COMPLEMENTARY INITIATIVES WHICH BUILD KNOWLEDGE AND CAPABILITY OF ARTS ORGANIZATIONS TO MAKE THOUGHTFUL, INFORMED DECISIONS REGARDING REAL ESTATE MATTERS. INITIATIVES INCLUDE THE KEEPING SPACE - OAKLAND PROGRAM WHICH PROVIDES TECHNICAL ASSISTANCE, NETWORKING OPPORTUNITIES, RESEARCH AND LIMITED RE-GRANTING FUNDS SUPPORTING ARTS ORGANIZATIONS' EFFORTS TO FIND, SECURE AND MANAGE LONG-TERM REAL ESTATE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Moy Eng Chief Executive Officer | Officer | 40 | $246,063 |
Joshua Simon Senior Advisor | Officer | 40 | $180,000 |
Owen Levin Director Of Finance And Operations | Officer | 40 | $157,150 |
Eric Rodenbeck Director | Trustee | 1 | $0 |
Imaan Taghavi Director | Trustee | 1 | $0 |
Shelley Trott Board President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $142,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,611,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,753,180 |
| Total Program Service Revenue | $2,400 |
| Investment income | $328,316 |
| 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 | $9,083,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,000 |
| 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. | $588,063 |
| Compensation of current officers, directors, key employees. | $165,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $476,947 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,671 |
| Payroll taxes | $70,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $90,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,803 |
| Advertising and promotion | $0 |
| Office expenses | $226,501 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,473 |
| Interest | $165,423 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,860 |
| Insurance | $7,878 |
| All other expenses | $222,422 |
| Total functional expenses | $2,011,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,877,603 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,400,000 |
| Accounts receivable, net | $583,110 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,659,297 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,358,077 |
| Intangible assets | $0 |
| Other assets | $1,404,278 |
| Total assets | $32,285,365 |
| Accounts payable and accrued expenses | $381,961 |
| 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 | $381,961 |
| Net assets without donor restrictions | $26,311,846 |
| Net assets with donor restrictions | $5,591,558 |
| 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 | $32,285,365 |
Grants Awarded
Over the last fiscal year, Community Arts Stabilization has awarded $177,422 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: ACQUISITION EXPENSE | $56,250 |
Oakland, CA PURPOSE: PLANNING EXPENSES | $32,500 |
San Francisco, CA PURPOSE: FACILITY IMPROVEMENTS | $21,000 |
Oakland, CA PURPOSE: FACILITY IMPROVEMENTS | $21,000 |
Oakland, CA PURPOSE: PLANNING EXPENSES | $11,000 |
UBUNTU THEATER PROJECT PURPOSE: PLANNING EXPENSES | $8,407 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Community Arts Stabilization has recieved totaling $900,005.
| Awarding Organization | Amount |
|---|---|
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $300,000 |
Kresge Foundation Troy, MI PURPOSE: THIS GENERAL OPERATING GRANT WILL SUPPORT THE COMMUNITY ARTS STABILIZATION TRUST AND ITS PARTICIPATION IN THE CREATIVE PRACTICE COHORT. | $200,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $150,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $150,000 |
Kresge Foundation Troy, MI PURPOSE: THIS GENERAL OPERATING GRANT WILL SUPPORT THE COMMUNITY ARTS STABILIZATION TRUST AND ITS PARTICIPATION IN THE CREATIVE PRACTICE COHORT. | $100,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Community Services Of The Mid Willamette Valley & Central Salem, OR | $4,444,104 | $18,908,977 |
The Davis Street Community Center Incorporated San Leandro, CA | $4,867,189 | $19,457,614 |
Community Action Team Incorporated Of St Helens, OR | $13,623,146 | $18,435,042 |
Outside In Portland, OR | $20,557,070 | $19,364,010 |
Yamhill Community Action Partnership Mcminnville, OR | $6,898,009 | $17,038,077 |
California Human Development Corp Santa Rosa, CA | $9,372,537 | $16,167,799 |
Lutheran Social Services Of Northern California Concord, CA | $7,407,903 | $15,266,538 |
Global Support And Development Redwood City, CA | $35,645,225 | $48,473,756 |
Oregon Human Development Corporation Gresham, OR | $1,006,372 | $15,394,021 |
Louis And Gladyce Foster Family Foundation Stockton, CA | $0 | $100,317 |
Union Of Pan Asian Communities San Diego, CA | $5,542,645 | $15,801,296 |
Psa Behavioral Health Agency Phoenix, AZ | $11,491,382 | $16,032,932 |