Valley Cultural Center
- Assets
- $369.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Woodland Hills, CA
- Founding
- 12/1975
- Data as of
- 12/2022
- EIN
- 51-0172702
Organization Overview
Valley Cultural Center is located in Woodland Hills, CA. The organization was established in 1975. 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 12/2022, Valley Cultural Center employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Cultural Center 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, Valley Cultural Center generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 4.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
VALLEY CULTURAL CENTER PROVIDES DIVERSE PROGRAMS AND EVENTS IN THE ARTS THAT BRING TOGETHER TALENT, COMMUNITY AND BUSINESS THROUGHOUT THE SAN FERNANDO VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER CONCERT SERIES, JULY 4TH FIREWORKS AND MOVIES IN THE PARK FREE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joellen Ammann Executive Dir. | Officer | 40 | $70,000 |
Joe Andrews Director | Trustee | 1 | $0 |
Gina Eskow Guarino Chairman | OfficerTrustee | 3 | $0 |
Joyce Fletcher Director | Trustee | 1 | $0 |
Melvin Galloway III Director | Trustee | 1 | $0 |
Brian Parent Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $830,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $246,552 |
| Noncash contributions included in lines 1a–1f | $1,117 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,076,838 |
| Total Program Service Revenue | $72,932 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,182 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,144,685 |
| 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. | $70,000 |
| Compensation of current officers, directors, key employees. | $7,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,966 |
| Pension plan accruals and contributions | $1,317 |
| Other employee benefits | $0 |
| Payroll taxes | $9,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,675 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,052 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,233 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,862 |
| Insurance | $13,702 |
| All other expenses | $190,996 |
| Total functional expenses | $1,029,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,550 |
| Savings and temporary cash investments | $211,589 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,459 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $369,395 |
| Accounts payable and accrued expenses | $28,050 |
| 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 | $345,518 |
| Total liabilities | $373,568 |
| Net assets without donor restrictions | -$143,929 |
| Net assets with donor restrictions | $139,756 |
| 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 | $369,395 |