Parnassus Society
- Assets
- $205.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-4530120
Organization Overview
Parnassus Society is located in Irvine, CA. The organization was established in 2015. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Parnassus Society 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, Parnassus Society generated $117.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $21.0k during the year ending 12/2021. While expenses have increased by 12.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
NURTURE THE DEVELOPMENT AND PROFESSIONAL CAREERS OF PROMISING YOUNG ARTISTS AND MUSICIANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Kenneth Tokita Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,200 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $117,200 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $960 |
| Total expenses | $20,960 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $139,800 |
| Other assets | $0 |
| Total assets | $205,300 |
| Total liabilities | $0 |
| Net assets or fund balances | $205,300 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Parnassus Society has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Eugene And Carol Choi Family Foundation Irvine, CA PURPOSE: TO PROMOTE ARTISTIC DEVELOPMENT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcendence Theater Company Sonoma, CA | $1,498,299 | $4,201,604 |
Foundation For Traditional Cultureinc Mesa, AZ | $308,713 | $3,836,447 |
New Earth Organization Culver City, CA | $3,011,328 | $2,352,178 |
Muse-Ique Pasadena, CA | $2,379,427 | $2,164,576 |
A Noise Within Pasadena, CA | $12,904,846 | $2,707,072 |
Grand Performances Los Angeles, CA | $1,649,335 | $1,940,001 |
Arizona Academy Of The Performing Arts Inc Tempe, AZ | $1,249,723 | $1,575,057 |
Pioneer Center For The Performing Arts Reno, NV | $12,422,546 | $490,309 |
Valley Youth Theatre Phoenix, AZ | $6,747,995 | $6,073,336 |
Childrens Creativity Museum San Francisco, CA | $909,867 | $1,014,568 |
State Theater Of Modesto Inc Modesto, CA | $3,395,163 | $1,010,614 |
Storycenter Berkeley, CA | $791,659 | $1,108,690 |