Now Art Foundation Inc
- Assets
- $1.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-2797287
Organization Overview
Now Art Foundation Inc is located in Los Angeles, CA. The organization was established in 2017. According to its NTEE Classification (A90) the organization is classified as: Arts Services, 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. Now Art Foundation 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 12/2022, Now Art Foundation Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 55.4% each year . All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 61.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CURATE IMPACTFUL ART TO REVITALIZE PHYSICAL AND SOCIAL LANDSCAPES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CURATE IMPACTFUL ART TO REVITALIZE PHYSICAL AND SOCIAL LANDSCAPES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marisa Caichiolo Secretary | OfficerTrustee | 2 | $0 |
Normalynn Culter Treasurer | OfficerTrustee | 2 | $0 |
Carmen Mackinlay Vice President | OfficerTrustee | 20 | $0 |
Heidi Chang President | 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 | $3,057,351 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,057,351 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,057,851 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,299 |
| Fees for services: Accounting | $11,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,688 |
| Advertising and promotion | $1,239 |
| Office expenses | $580 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $163 |
| Travel | $15,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,600 |
| Insurance | $4,901 |
| All other expenses | $5,205 |
| Total functional expenses | $2,362,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $898,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $123,857 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,022,250 |
| Accounts payable and accrued expenses | $0 |
| 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 | $188,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $188,800 |
| Net assets without donor restrictions | $833,450 |
| 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 | $1,022,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Film Collaborative Inc Los Angeles, CA | $4,990,199 | $6,327,670 |
Headlands Center For The Arts Sausalito, CA | $6,773,163 | $2,871,406 |
Now Art Foundation Inc Los Angeles, CA | $1,022,250 | $3,057,851 |
Northern California Center For The Arts Grass Valley, CA | $8,041,678 | $2,932,602 |
Somarts San Francisco, CA | $1,339,594 | $1,930,057 |
Performing Arts Workshop Inc San Francisco, CA | $3,340,393 | $1,407,838 |
Dell-Arte Inc Blue Lake, CA | $2,459,857 | $859,430 |
California Lawyers For The Arts Inc San Francisco, CA | $1,022,475 | $1,047,368 |
All Ages Music Portland Portland, OR | $390,328 | $942,992 |
Project Artaud San Francisco, CA | $2,909,021 | $725,928 |
Mesa Refuge Point Reyes Station, CA | $3,418,019 | $499,925 |
Hana Arts Hana, HI | $111,610 | $435,869 |