Art Foundation
- Assets
- $144.7k
- Revenue
- $320.6k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 11/2018
- Data as of
- 12/2021
- EIN
- 83-1205647
Organization Overview
Art Foundation is located in San Francisco, CA. The organization was established in 2018. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. 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 12/2021, Art Foundation generated $320.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $382.0k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCE AND PROMOTE THE EXPANDING FIELD OF CONTEMPORARY ART IN THE CITY OF SAN FRANCISCO THROUGH EXHIBITIONS, PUBLICATIONS, AND PUBLIC PROGRAMMING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Heitzler Chief Financial Officer An | 1 | $1,000 | |
Ipek Saygi Chairman Of The Board And | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $349,155 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$29,773 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,263 |
| Other Income | $0 |
| Total Revenue | $320,645 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| Other employee salaries and wages | $131,638 |
| Pension plans, employee benefits | $39,312 |
| Interest | $0 |
| Taxes | $40,596 |
| Depreciation | $10,387 |
| Occupancy | $85,811 |
| Travel, conferences, and meetings | $18 |
| Printing and publications | $8,925 |
| Other expenses | $64,285 |
| Total operating and administrative expenses | $381,972 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $381,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,869 |
| 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 | $130,833 |
| Other assets | $0 |
| Total assets | $144,702 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,365 |
| Total liabilities | $2,365 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Art Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Marmor Foundation Berkeley, CA PURPOSE: SUPPORT ANNUAL FUND | $10,000 |
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 |