Local Color
- Assets
- $409.4k
- Revenue
- $653.3k
- Investments
- $0.0
- Employees
- 4
- Location
- San Jose, CA
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 47-3980272
Organization Overview
Local Color is located in San Jose, CA. The organization was established in 2015. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Local Color employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Color 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 12/2022, Local Color generated $653.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $542.2k during the year ending 12/2022. 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
LOCAL COLORS MISSION IS TO BUILD EQUITABLE OPPORTUNITIES TO KEEP EMERGING AND ESTABLISHED ARTISTS ACTIVE, EMPLOYED, AND ENGAGED IN SAN JOSE BY FACILITATING PUBLIC ART, AFFORDABLE ARTIST STUDIOS, AND FISCAL SPONSORSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC ART & CREATIVE SERVICES ENGAGES WITH ARTISTS FOR INNOVATIVE PROJECTS WITH CREATIVE FREEDOM AND EQUITABLE PAY TO PRODUCE VIBRANT WORKS REPRESENTATIVE OF THE UNIQUE PERSPECTIVES IN SAN JOS. LOCAL COLOR WAS ESTABLISHED ON THE PRINCIPLE THAT ARTISTS AND CREATIVES DRAW VITAL CONNECTIONS BETWEEN PEOPLE AND PLACE. LOCAL COLOR BUILDS ECONOMIC OPPORTUNITIES FOR EMERGING AND ESTABLISHED LOCAL ARTISTS TO DRIVE THE CITYS VISUAL IDENTITY. LOCAL COLOR EMPLOYS ARTISTS FOR INNOVATIVE PROJECTS WITH CREATIVE FREEDOM, EQUITABLE PAY, AND REGIONAL PLATFORMS AND PRODUCES VIBRANT WORKS REPRESENTATIVE OF THE UNIQUE PERSPECTIVES IN SAN JOSS NEIGHBORHOODS. WHEN PUBLIC ART IS CREATED BY LOCAL ARTISTS, IT PROVIDES MEANINGFUL COLLECTIVE EXPERIENCES FOR THE COMMUNITY. IN OUR SEVEN YEARS OF OPERATIONS, WE HAVE PAID OUT $536,479 DIRECTLY TO ARTISTS.
LOCAL COMMONS FOSTERS SUSTAINABILITY FOR LOCAL ARTISTS & ORGANIZERS BY LEVERAGING OUR 501(C)(3) STATUS TO EXPAND ACCESS TO GRANT FUNDING AND OTHER RESOURCES FOR SELF-DIRECTED CREATIVE PROJECTS. LAUNCHED IN 2020, LOCAL COMMONS FOSTERS SUSTAINABILITY FOR LOCAL ARTISTS, ORGANIZERS, AND COLLECTIVES BY PROVIDING COMPREHENSIVE FISCAL SPONSORSHIP. LOCAL COMMONS EXPANDS ACCESS TO OTHERWISE RESTRICTED FUNDING RESOURCES TO SOUTH BAY AREA ORGANIZERS FUNDRAISING EFFORTS FOR COMMUNITY-CENTRIC CREATIVE PROJECTS. LOCAL COMMONS SUPPORT GRANT RESEARCH, FUNDS MANAGEMENT, AND TO DATE HAS REDISTRIBUTED $105,000 TO A MAJORITY OF BIPOC ORGANIZERS. PLEASE SEE SCHEDULE O, NOTE .07 FOR A DESCRIPTION OF ADDITIONAL PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Salazar Executive Director | OfficerTrustee | 40 | $65,000 |
Ramiro Torres Director | Trustee | 4 | $0 |
Amanda Hill Director | Trustee | 4 | $0 |
Amelia Abramson Director | Trustee | 4 | $0 |
Emily Lipoma Director | Trustee | 4 | $0 |
Chad Johnston Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,297 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $340,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,768 |
| Total Program Service Revenue | $164,110 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $225 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,244 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $653,348 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $29,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,820 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,311 |
| Payroll taxes | $15,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,533 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,193 |
| Advertising and promotion | $10,074 |
| Office expenses | $40,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,610 |
| Travel | $164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,052 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,634 |
| Insurance | $5,081 |
| All other expenses | $11,691 |
| Total functional expenses | $542,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,430 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,439 |
| 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 | $6,558 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $409,428 |
| Accounts payable and accrued expenses | $9,323 |
| 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 | $14,305 |
| Total liabilities | $23,628 |
| Net assets without donor restrictions | $283,191 |
| Net assets with donor restrictions | $102,609 |
| 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 | $409,428 |