Vital Arts Inc
- Assets
- $160.3k
- Revenue
- $153.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Berkeley, CA
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 82-3947930
Organization Overview
Vital Arts Inc is located in Berkeley, CA. The organization was established in 2019. 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. Vital Arts 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, Vital Arts Inc generated $153.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $149.3k during the year ending 12/2022. 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
VITAL ARTS HONORS THE VICTIMS OF THE GHOST SHIP FIRE BY ENSURING ACCESS TO SAFE, AFFORDABLE SPACES FOR ARTISTS TO LIVE, WORK AND PERFORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATE WITH OTHER AGENCIES ON PROJECTS THAT PREVENT DISPLACEMENT AND LOSS OF ARTIST SPACE IN THE BAY AREA, INCLUDING A REVOLVING SAFETY LOAN FUND, FOSTERING EDUCATION AND AWARENESS OF COMPLIANCE ISSUES WITH LIFE/SAFETY CODES, AND DEVELOPMENT OF PATHS AND OPTIONS FOR ARTISTS SEEKING OWNERSHIP.
ACT AS A RESPONSIVE CONNECTOR FOR ARTISTS, ORGANIZATIONS, GOVERNMENT OFFICIALS AND PROPERTY OWNERS SEEKING SOLUTIONS TO ART SPACE ISSUES. PARTICIPATE IN NETWORKS; DISSEMINATE INFORMATIONAL RESOURCES AND MODELS.
REPRESENT THE NEEDS OF ARTISTS WITH PUBLIC AGENCIES FOR DEVELOPMENT OF AND INCLUSION IN POLICIES AND FUNDING TO STABILIZE AND SUPPORT THE CONTINUING PRESENCE AND VITALITY OF ARTISTS IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Jay Secretary | OfficerTrustee | 8 | $0 |
Amir Massih Treasurer | OfficerTrustee | 3 | $0 |
Edwin Bernbaum PHD President | OfficerTrustee | 8 | $0 |
Marcial Margolin Director | Trustee | 2 | $0 |
Steven Berger Director | Trustee | 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 | $147,093 |
| Noncash contributions included in lines 1a–1f | $35,973 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,093 |
| Total Program Service Revenue | $6,204 |
| Investment income | $2 |
| 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 | $153,299 |
| 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 | $18,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $530 |
| Payroll taxes | $1,652 |
| Fees for services: Management | $85,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $105 |
| Office expenses | $344 |
| Information technology | $127 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $550 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $950 |
| All other expenses | $0 |
| Total functional expenses | $149,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,884 |
| Savings and temporary cash investments | $28,836 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,020 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,569 |
| Total assets | $160,309 |
| Accounts payable and accrued expenses | $6,300 |
| 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 | $6,300 |
| Net assets without donor restrictions | $151,699 |
| Net assets with donor restrictions | $2,310 |
| 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 | $160,309 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vital Arts Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Kenneth Rainin Foundation Oakland, CA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
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 |