Arts Of Imagination Foundation
- Assets
- $163.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palos Verdes Peninsula, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-1895793
Organization Overview
Arts Of Imagination Foundation is located in Palos Verdes Peninsula, CA. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Arts Of Imagination 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, Arts Of Imagination Foundation generated $39.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (44.5%) each year. All expenses for the organization totaled $14.4k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
THE ARTS OF IMAGINATION FOUNDATION CONNECTS PEOPLE OF ALL AGES AND BACKGROUNDS TO THE ENDURING POWER OF IMAGINATION THROUGH ART AND STORYTELLING.THE ARTS OF IMAGINATION FOUNDATION'S VISION IS THAT PEOPLE EVERYWHERE WILL DISCOVER THE POWER OF IMAGINATION IN THEIR LIVES.THE ARTS OF IMAGINATION FOUNDATION ACHIEVES ITS MISSION THROUGH THE STUDY, ACQUISITION, AND EXHIBITION OF ARTWORK AND HISTORIC MATERIALS RELATED TO UNIVERSAL STORIES, THROUGH MULTI-GENERATIONAL LEARNING EVENTS, AND THROUGH SCHOLARSHIPS AND COMMISSIONS THAT SUPPORT THE ART OF STORYTELLING.IN 2023, AOIF COMPLETED TWO MAJOR ART COMMISSIONS AND COLLABORATED ON EXHIBITS AND PROGRAMMING WITH THE UNIVERSITY OF NORTH CAROLINA AND THE CHILD DEVELOPMENT INSTITUTE IN LOS ANGELES, PROVIDING HUNDREDS OF STUDENTS AND MEMBERS OF UNDERSERVED COMMUNITIES WITH FREE ACCESS TO ART AND ARTS EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brady Schwind President | 25 | $0 | |
Wendy Noel Walker Secretary | 3 | $0 | |
Merrily Boardman Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,862 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,862 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,525 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $297 |
| Other expenses | $12,560 |
| Total expenses | $14,382 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,550 |
| Other assets | $0 |
| Total assets | $163,559 |
| Total liabilities | $0 |
| Net assets or fund balances | $163,559 |