Art Works Downtown Inc
- Assets
- $3.5m
- Revenue
- $618.8k
- Investments
- $0.0
- Employees
- 12
- Location
- San Rafael, CA
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 68-0387761
Organization Overview
Art Works Downtown Inc is located in San Rafael, CA. The organization was established in 1997. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Art Works Downtown Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Works Downtown Inc 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, Art Works Downtown Inc generated $618.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $611.7k during the year ending 12/2021. While expenses have increased by 1.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ART WORKS DOWNTOWN'S MISSION IS TO PROVIDE AN ENVIRONMENT WHERE VISUAL ARTS THRIVE FOR THE WELL-BEING OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTWORKS DOWNTOWN ENCOURAGES AND FACILITATES ARTISTIC ACTIVITIES IN ORDER TO BROADEN AND DEEPEN THE PUBLIC'S ENGAGEMENT WITH THE VISUAL ARTS. ARTWORKS DOWNTOWN PROVIDES STUDIO AND EXHIBITION SPACE, AND BUSINESS OPPORTUNITIES TO ARTISTS. BY OFFERING EDUCATIONAL PROGRAMS, ARTWORKS DOWNTOWN STRENGTHENS THE INTERFACE BETWEEN ARTISTS AND THE GENERAL PUBLIC, CONTRIBUTING TO THE CREATIVE FABRIC OF THE COMMUNITY.
ARTWORKS DOWNTOWN PROVIDES LOW INCOME HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisabeth Setten Exec Dir | Officer | 40 | $134,712 |
Will Toft President | OfficerTrustee | 2 | $0 |
Tobi Lessom Vice President | OfficerTrustee | 1 | $0 |
Terry Lofrano Director | Trustee | 1 | $0 |
Irene Bee Kain Director | Trustee | 1 | $0 |
Rachel Staudt Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,972 |
| Investment income | $1,615 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,534 |
| 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 | $618,787 |
| Statement of Expenses | |
|---|---|
| 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. | $97,276 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,499 |
| Payroll taxes | $17,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,269 |
| Advertising and promotion | $11,495 |
| Office expenses | $3,580 |
| Information technology | $6,662 |
| Royalties | $0 |
| Occupancy | $70,430 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,579 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,680 |
| Insurance | $11,659 |
| All other expenses | $0 |
| Total functional expenses | $611,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,054 |
| Savings and temporary cash investments | $264,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,382 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,914 |
| Other assets | $334,881 |
| Total assets | $3,536,709 |
| Accounts payable and accrued expenses | $10,374 |
| 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 | $1,679,426 |
| Unsecured mortgages and notes payable | $52,985 |
| Other liabilities | $37,571 |
| Total liabilities | $1,780,356 |
| Net assets without donor restrictions | $1,750,656 |
| Net assets with donor restrictions | $5,697 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,756,353 |