Sozo Impact Inc
- Assets
- $143.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Oakland, CA
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 82-4956112
Organization Overview
Sozo Impact Inc is located in Oakland, CA. The organization was established in 2019. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, 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. Sozo Impact 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, Sozo Impact Inc generated $166.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $144.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SOZO IMPACT RAISES FUNDS FROM FOUNDATIONS, GRANTS AND INDIVIDUAL DONORS TO DEVELOP AND INCUBATE PROJECTS AIMED AT SOCIAL IMPACT THROUGH THE ARTS. WE AMPLIFY BIPOC VOICES USING DIVERSE MEDIUMS OF CREATIVE STORYTELLING AS VEHICLES OF SOCIAL CHANGE AND CONVERSATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rika Iino President | 10 | $36,000 | |
April Thibeault Secretary | 0.1 | $0 | |
Kaoru Shimizu Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,262 |
| Total Program Service Revenue | $11,664 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $166,926 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,713 |
| Professional fees and other payments to independent contractors | $61,228 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,083 |
| Total expenses | $144,741 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $99,004 |
| Other assets | $0 |
| Total assets | $143,004 |
| Total liabilities | $1,242 |
| Net assets or fund balances | $141,762 |
Grants Awarded
Over the last fiscal year, Sozo Impact Inc has awarded $25,602 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOOGZ MEDIA PURPOSE: Sponsorship | $15,000 |
Oakland, CA PURPOSE: Sponsorship | $10,602 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sozo Impact Inc has recieved totaling $28,000.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Kenneth Rainin Foundation Oakland, CA PURPOSE: OPEN SPACES PROPOSAL DEVELOPMENT GRANT FOR EARTH.OAKLAND | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scottsdale Cultural Council Scottsdale, AZ | $11,025,722 | $9,457,681 |
Regional Arts & Culture Council Portland, OR | $19,063,213 | $7,551,679 |
Public Corporation For The Arts Of The City Of Long Beach Long Beach, CA | $1,457,547 | $3,278,156 |
Silicon Valley Creates San Jose, CA | $3,422,422 | $3,649,409 |
Arts Foundation For Tucson And Southern Arizona Tucson, AZ | $962,823 | $2,764,591 |
Oregon Council For The Humanities Portland, OR | $2,576,725 | $2,357,647 |
Arts Council Santa Cruz County Santa Cruz, CA | $3,610,381 | $2,573,468 |
Fresno Arts Council Inc Fresno, CA | $1,695,562 | $2,423,819 |
Palos Verdes Art Center Beverly G Alpay Center For Arts Education Rancho Palos Verdes, CA | $13,310,547 | $3,276,313 |
Arts Council For Monterey County Monterey, CA | $1,257,748 | $1,850,985 |
Fulcrum Arts Pasadena, CA | $1,056,280 | $1,532,362 |
Central Valley Center For The Arts Inc Modesto, CA | $26,162,154 | $1,107,671 |