Somarts
- Assets
- $1.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 39
- Location
- San Francisco, CA
- Founding
- 05/1980
- Data as of
- 06/2023
- EIN
- 94-2655955
Organization Overview
Somarts is located in San Francisco, CA. The organization was established in 1980. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Somarts employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somarts 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 06/2023, Somarts generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $3.2m during the year ending 06/2023. While expenses have increased by 11.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOMARTS CULTIVATES ACCESS TO THE ARTS WITHIN THE BAY AREA BY COLLABORATING WITH COMMUNITY-FOCUSED ARTISTS AND ORGANIZATIONS. TOGETHER, WE ENGAGE THE POWER OF THE ARTS TO PROVOKE JUST AND FAIR INCLUSION, CULTURAL RESPECT AND CIVIC PARTICIPATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FISCAL SPONSORSHIPSSOMARTS PROVIDES FISCAL SPONSORSHIPS FOR VARIOUS ARTISTS AND EMERGING ORGANIZATIONS, ENABLING A BREADTH OF FUNDRAISING OPPORTUNITIES THAT WOULD NOT BE AVAILABLE WITHOUT SUCH SPONSORSHIP. THESE ARTISTS AND ORGANIZATIONS RECEIVE FINANCIAL MANAGEMENT SERVICES,GRANT-WRITING ASSISTANCE, AND OPERATIONAL SUPPORT.
EXHIBITION PROGRAMS (GALLERY)SOMARTS PRODUCES AND SUPPORTS A DYNAMIC RANGE OF EXHIBITIONS IN SUPPORT OF ITSMISSION TO PROMOTE ART ON THE COMMUNITY LEVEL AND FOSTER AN APPRECIATION OF ANDRESPECT FOR ALL CULTURES. THIS INCLUDES SIX LARGE-SCALE EXHIBITIONS EACH YEAR INADDITION TO PROVIDING GUIDANCE, TECHNICAL, AND PUBLICITY SUPPORT FOR TWO TO THREE EXHIBITIONS AWARDED THROUGH THE CURATORIAL RESIDENCY PROGRAM, ALONG WITH 15-20EXHIBITIONS ANNUALLY THROUGH THE COMMUNITY-CURATED RAMP GALLERY. SOMARTS ANNUALLYPRODUCES OVER 20 EXHIBITION-RELATED CULTURAL LEARNING AND ART-MAKING EVENTS INCLUDING TALKS, PERFORMANCES, AND WORKSHOPS.
EVENT RENTAL PROGRAMHISTORICALLY, SOMARTS TYPICALLY HELPS PRODUCE OVER 90 EVENTS PER YEAR. DURING THE FISCAL YEAR ENDED JUNE 30, 2022 THE PROGRAM BEGAN TO WELCOME BACK CLIENTS TO OUR SPACE AND THE ORGANIZATION HELPED PRODUCE 26 EVENTS FOR OTHER NONPROFITS AND MISSION-ALIGNED GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharaya Souza Ed - Aicd | 40 | $120,000 | |
Maria Jenson Exec Director | Officer | 40 | $108,629 |
Robert Goldfarb Ed-Lcd | 40 | $115,730 | |
Trisha Lagaso Goldberg Board Chair | OfficerTrustee | 1 | $0 |
Mike Anderson Treasurer | OfficerTrustee | 1 | $0 |
Luke Spray Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,349,839 |
| All other contributions, gifts, grants, and similar amounts not included above | $990,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,339,963 |
| Total Program Service Revenue | $179,810 |
| Investment income | $457 |
| 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 | $8,053 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,528,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $137,755 |
| Grants and other assistance to domestic individuals. | $10,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,833 |
| Compensation of current officers, directors, key employees. | $43,133 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,237,350 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $206,667 |
| Payroll taxes | $105,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,109 |
| Fees for services: Accounting | $56,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $649,131 |
| Advertising and promotion | $72,828 |
| Office expenses | $69,465 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,304 |
| Travel | $75,557 |
| 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 | $19,790 |
| Insurance | $33,161 |
| All other expenses | $18,756 |
| Total functional expenses | $3,160,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,112,560 |
| Savings and temporary cash investments | $4,844 |
| Pledges and grants receivable | $586,658 |
| Accounts receivable, net | $1,468 |
| 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 | $33,503 |
| Net Land, buildings, and equipment | $43,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,782,930 |
| Accounts payable and accrued expenses | $126,373 |
| 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 | $177,007 |
| Total liabilities | $303,380 |
| Net assets without donor restrictions | $555,958 |
| Net assets with donor restrictions | $923,592 |
| 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 | $1,782,930 |
Grants Awarded
Over the last fiscal year, Somarts has awarded $109,683 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASIAN PACIFIC ISLANDER CENTER PURPOSE: Cultural Arts Program | $102,429 |
BAY AREA COMMUNITY LAW FND PURPOSE: Operating Support | $7,254 |