Monimos Art Foundation
- Assets
- $12.1m
- Revenue
- $229.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Ojai, CA
- Founding
- 05/2017
- Data as of
- 12/2023
- EIN
- 81-4378188
Organization Overview
Monimos Art Foundation is located in Ojai, CA. The organization was established in 2017. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Monimos Art Foundation 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 12/2023, Monimos Art Foundation generated $229.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $242.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVERSEE AND SAFEGUARD THE ASSETS OF THE ART MUSEUM; CURATE CURRENT EXHIBITS AND MANAGE THE OPERATION OF THE ART MUSEUM FOR THE EDUCATION AND BETTERMENT OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Marcus Secretary | 1 | $0 | |
Neil Kreitman President | 1 | $0 | |
Gary Masino Director | 1 | $0 | |
Caroline Uy Director | 1 | $0 | |
Paul Tozzi Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $229,275 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $229,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $57,100 |
| Pension plans, employee benefits | $4,641 |
| Interest | $19 |
| Taxes | $0 |
| Depreciation | $1,108 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,410 |
| Printing and publications | $0 |
| Other expenses | $164,222 |
| Total operating and administrative expenses | $240,765 |
| Contributions, gifts, grants paid | $1,400 |
| Total expenses and disbursements | $242,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,998 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,399 |
| Other assets | $12,025,014 |
| Total assets | $12,055,411 |
| Accounts payable and accrued expenses | $2,156 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,156 |
Grants Awarded
Over the last fiscal year, Monimos Art Foundation has awarded $11,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OJAI MUSIC FESTIVAL PURPOSE: A CONTRIBUTION TOWARDS THE ANNUAL MUSIC FESTIVAL IN OJAI. | $1,400 |
ODYSSEY CHARTER SCHOOLS PURPOSE: TO SUPPORT THE SCHOOL'S FOCUS ON DEVELOPING STUDENTS WHO ARE ACTIVE IN THEIR LEARNING, AWARE OF THEIR INTERESTS, AND WHO SEEK TO EXPAND AND EXPLORE THEIR KNOWLEDGE THROUGH DYNAMIC COLLABORATION WITH PEERS AND TEACHERS WITHIN AN ACADEMIC SETTING AND THE LARGER COMMUNITY. | $10,000 |