Little Village Foundation
- Assets
- $419.0k
- Revenue
- $392.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Solvang, CA
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-1932736
Organization Overview
Little Village Foundation is located in Solvang, CA. The organization was established in 2015. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Little Village Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Village Foundation 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 12/2023, Little Village Foundation generated $392.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $328.5k during the year ending 12/2023. While expenses have increased by 17.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AN ARTS NONPROFIT RECORD COMPANY THAT SEEKS TO SHINE THE LIGHT OF AWARENESS ON MUSICIANS WHO MIGHT NOT OTHERWISE BE HEARD AND IN DOING SO FURTHER THE BELIEF THAT A LIFE FILLED WITH DIVERSE MUSIC BUILDS EMPATHY MAKING FOR STRONGER COMMUNITIES AND A BETTER WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SEARCH OUT, DISCOVER, RECORD, AND PRODUCE MUSIC THAT MIGHT NOT OTHERWISE BE HEARD BEYOND THE ARTIST'S FAMILY AND COMMUNITY. IT'S OUR INTENTION TO SUPPORT THE DREAMS OF ARTISTS FROM NONTRADITIONAL BACKGROUNDS, WHO ARE WORKING IN GENRES WITH DEEP ROOTS IN AMERICAN CULTURE. A NATIONALLY-RECOGNIZED LABEL THAT REPRESENTS AND AMPLIFIES A VARIETY OF MUSICAL GENRES, LITTLE VILLAGE COVERS ALL PRODUCTION COSTS, MUSICIANS, STUDIO TIME, PROMOTION AND MANUFACTURING. UNLIKE A TRADITIONAL RECORD LABEL, ARTISTS OWN ALL OF THEIR INTELLECTUAL PROPERTY AND RETAIN ALL PROCEEDS FROM MUSIC SALES. IN 2023 WE PRODUCED 9 ALBUMS, WITH ARTISTS ACROSS THE U.S. THE MUSIC SPANNED SEVERAL GENRES INCLUDING BLUES, SOUL, ROCK, FUNK, GOSPEL, AS WELL AS A JAZZ ORCHESTRA PLAYING OLD CARTOON SOUNDTRACKS. OF THE $257,579 SPENT ON DIRECT PROGRAM EXPENSES, $51,078 WENT TO MUSICIANS, WHILE THE REMAINING COVERED THE EXPENSES OF PRODUCING AND PROMOTING THE MUSIC ON BEHALF OF THE MUSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Pugh Executive Director | OfficerTrustee | 40 | $86,000 |
Vicki Randle Director | Trustee | 2 | $0 |
Akarshar Kumar Director | Trustee | 2 | $0 |
Joseph Walton Director | Trustee | 2 | $0 |
Pamela Rose Director | Trustee | 2 | $0 |
Maurice Tani Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $360,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $375,058 |
| Total Program Service Revenue | $17,295 |
| Investment income | $0 |
| 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 | $392,844 |
| 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. | $100,900 |
| Compensation of current officers, directors, key employees. | $32,050 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,005 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,809 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,400 |
| Fees for services: Accounting | $7,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,854 |
| Advertising and promotion | $5,341 |
| Office expenses | $4,510 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,626 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,176 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,204 |
| All other expenses | $0 |
| Total functional expenses | $328,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,898 |
| Savings and temporary cash investments | $75,000 |
| Pledges and grants receivable | $131,808 |
| Accounts receivable, net | $0 |
| 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 | $307 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $419,013 |
| Accounts payable and accrued expenses | $47,004 |
| 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 | $47,004 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $372,009 |
| Total liabilities and net assets/fund balances | $419,013 |