Palm Springs Cultural Center
- Assets
- $4.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 33
- Location
- Palm Springs, CA
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 55-0914693
Organization Overview
Palm Springs Cultural Center is located in Palm Springs, CA. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Palm Springs Cultural Center employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Springs 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, Palm Springs Cultural Center generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 21.4% 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
TO ENCOURAGE THE DEVELOPMENT OF THE CULTURAL ARTS IN THE COACHELLA VALLEY WITH A SPECIFIC FOCUS IN THE AREAS OF FILM, FINE ART, LIVE PERFORMANCE, DANCE, MUSIC, AND COMMUNITY FESTIVALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE THE CULTURAL CREATIVE POTENTIAL OF PEOPLE THROUGH EDUCATION AND THE ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Green Executive Dir. | OfficerTrustee | 40 | $51,201 |
John Campbell Director | Trustee | 2 | $0 |
Tom Jakway President | OfficerTrustee | 2 | $0 |
Deborah Mcgarrey Director | Trustee | 2 | $0 |
Debbie Miller Director | Trustee | 2 | $0 |
Ann Sheffer Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $638,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $638,819 |
| Total Program Service Revenue | $701,331 |
| Investment income | $2,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,698 |
| 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 | $74,064 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,457,650 |
| 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. | $51,201 |
| Compensation of current officers, directors, key employees. | $2,048 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $621,067 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $56,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,375 |
| Fees for services: Accounting | $48,523 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,814 |
| Advertising and promotion | $63,747 |
| Office expenses | $1,894 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,612 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,815 |
| Insurance | $111,000 |
| All other expenses | $203,398 |
| Total functional expenses | $1,957,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,482 |
| 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 | $15,209 |
| Net Land, buildings, and equipment | $4,668,082 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,056 |
| Total assets | $4,834,688 |
| Accounts payable and accrued expenses | $66,027 |
| 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 | $719,108 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $155,862 |
| Total liabilities | $940,997 |
| Net assets without donor restrictions | $3,893,691 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,834,688 |