45th Street Artists Cooperative
- Assets
- $1.7m
- Revenue
- $473.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Emeryville, CA
- Founding
- 07/1986
- Data as of
- 12/2021
- EIN
- 94-2990342
Organization Overview
45th Street Artists Cooperative, operating under the name Dba Emeryville Artist's Cooperative, is located in Emeryville, CA. The organization was established in 1986. 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 12/2021, Dba Emeryville Artist's Cooperative employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dba Emeryville Artist's Cooperative 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, Dba Emeryville Artist's Cooperative generated $473.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $414.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PERMANENTLY AFFORDABLE LIVE/WORK HOUSING FOR ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THIS CORPORATION IS TO PROVIDE ITS MEMBERS WITH PERMANENTLY AFFORDABLE HOUSING AND ARTIST'S STUDIO SPACE ON A NONPROFIT LIMITED-EQUITY COOPERATIVE BASIS, CONSONANT WITH THE PROVISIONS OF THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW, CORPORATIONS CODE SECTION 5110 ET. SEQ., HEALTH AND SAFETY CODE SECTION 33007.5 AND WITH THE PROVISIONS SET FORTH IN ITS ARTICLES OF INCORPORATION. THIS HOUSING IS INTENDED TO SERVE PRIMARILY ARTISTS, AT LEAST 51% OF WHOM HAVE INCOMES AT OR BELOW 80% OF AREA MEDIAN INCOME AND 49% OF WHOM HAVE INCOMES AT OR BELOW 120% OF AREA MEDIAN INCOMES.
THE 45TH STREET ARTISTS' COOPERATIVE'S YOUTH ART PROGRAM PROVIDES TEACHERS, MATERIALS, AND INSTRUCTION IN THE ARTS TO THE EMERY UNIFIED SCHOOL DISTRICT. IN THE WAKE OF PROPOSITION 13 AND THEN THE SUBSEQUENT DISTRICT BUDGET CUTS,THE ARTS WERE ON THE CHOPPING BLOCK AND THE 45TH STREET ARTISTS' COOPERATIVE STEPPED IN TO FILL THE VOID. AFTER THREE DECADES, THE PROGRAM CONTINUES TO ENJOY SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Margolin Treasurer | OfficerTrustee | 1 | $0 |
Mathew Kirkland President | OfficerTrustee | 1 | $0 |
Courtney Sennish Vice-Preside | OfficerTrustee | 1 | $0 |
Frances Oddo Secretary | OfficerTrustee | 1 | $0 |
Packard Jennings Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,017 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,017 |
| Total Program Service Revenue | $417,419 |
| Investment income | $6,327 |
| 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 | $473,671 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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 | $128,729 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,798 |
| Payroll taxes | $12,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,081 |
| Fees for services: Accounting | $6,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,800 |
| Advertising and promotion | $0 |
| Office expenses | $6,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,501 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,036 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,689 |
| Insurance | $51,901 |
| All other expenses | $0 |
| Total functional expenses | $414,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7 |
| Savings and temporary cash investments | $381,429 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,057 |
| 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 | $36,943 |
| Net Land, buildings, and equipment | $1,183,448 |
| Investments—publicly traded securities | $135,825 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,739,709 |
| Accounts payable and accrued expenses | $63,359 |
| 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 | $197,695 |
| Total liabilities | $261,054 |
| Net assets without donor restrictions | $1,478,655 |
| Net assets with donor restrictions | $0 |
| 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 | $1,739,709 |
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 |