Palenke Arts
- Assets
- $239.5k
- Revenue
- $425.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Seaside, CA
- Founding
- 01/2020
- Data as of
- 06/2022
- EIN
- 82-1786480
Organization Overview
Palenke Arts is located in Seaside, CA. The organization was established in 2020. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Palenke Arts employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palenke Arts 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 06/2022, Palenke Arts generated $425.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $277.1k during the year ending 06/2022. While expenses have increased by 40.0% per year over the past 2 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
PALENKE ARTS IS A MULTICULTURAL ARTS ORGANIZATION WHOSE MISSION IS TO EDUCATE, INSPIRE AND TRANSFORM THE COMMUNITY OF SEASIDE THROUGH THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PALENKE ARTS EXISTS TO CREATE A SAFE, VIBRANT AND INCLUSIVE MULTICULTURAL ARTS CENTER IN THE CITY OF SEASIDE THAT WILL BENEFIT ALL OF THE MONTEREY PENINSULA. WE AIM TO UPLIFT YOUTH VOICES, INSPIRE CREATIVITY AND TRANSFORM OUR COMMUNITY INTO A PLACE WHERE EVERYONE FEELS SEEN, VALUED AND WELCOMED THROUGH THE HEALING POWER OF THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan Sanchez Executive Dir. | Trustee | 40 | $83,958 |
Jt Mason President | Officer | 1 | $0 |
Carmen Mexicano Director | Trustee | 1 | $0 |
Alfred Forest Treasurer | Trustee | 1 | $0 |
Celia Barberena Director | Trustee | 1 | $0 |
Dr Manny Nunez Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,718 |
| Noncash contributions included in lines 1a–1f | $40,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,718 |
| Total Program Service Revenue | $42,882 |
| 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 | $425,600 |
| 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. | $83,958 |
| Compensation of current officers, directors, key employees. | $12,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,231 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $501 |
| Fees for services: Accounting | $8,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $625 |
| Advertising and promotion | $1,317 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,000 |
| Travel | $100 |
| 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 | $651 |
| Insurance | $6,847 |
| All other expenses | $8,315 |
| Total functional expenses | $277,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,844 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $239,450 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $239,450 |
| 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 | $239,450 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Palenke Arts has recieved totaling $71,000.
| Awarding Organization | Amount |
|---|---|
Gumerlock Family Foundation Pacific Grove, CA PURPOSE: TO EDUCATE AND INSPIRE THE COMMUNITY THROUGH ARTS | $25,000 |
David And Lucile Packard Foundation Los Altos, CA PURPOSE: LOCAL GRANTMAKING | $25,000 |
Cleo Foundation San Francisco, CA PURPOSE: TO SUPPORT THE PROGRAM FOR MULTICULTURAL ARTS ORGANIZATION | $10,000 |
Arts Council For Monterey County Monterey, CA PURPOSE: ARTS/CULTURAL GRANT | $7,500 |
Williamson Foundation Pebble Beach, CA PURPOSE: FURTHER MUSIC EDUCATION | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Academy Of Mathematics & Science South Inc Tucson, AZ | $124,208,680 | $62,725,140 |
Artnow Fondation San Francisco, CA | $0 | $214,158 |
Lazy Mf Trust Irvine, CA | $2,742,949 | $392,168 |
Thru Guidance Ministries Los Angeles, CA | $2,841,551 | $7,857,035 |
Inner-City Arts Los Angeles, CA | $18,610,203 | $5,566,146 |
House Of Blues Music Forward Foundation Beverly Hills, CA | $3,094,278 | $3,522,048 |
School Of Arts And Culture At Mhp San Jose, CA | $8,721,548 | $4,861,362 |
Wayne Thiebaud Foundation Sacramento, CA | $135,503,481 | $2,669,000 |
California Jazz Conservatory Inc Berkeley, CA | $7,248,479 | $2,565,384 |
Arts For Healing And Justice Network Long Beach, CA | $3,982,925 | $3,271,300 |
Youth Music Project West Linn, OR | $1,663,643 | $2,050,654 |
Djerassi Resident Artists Program Woodside, CA | $5,870,903 | $1,216,127 |