Redwood City Art Center
- Assets
- $276.3k
- Revenue
- $190.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Carlos, CA
- Founding
- 05/1996
- Data as of
- 12/2023
- EIN
- 94-3188143
Organization Overview
Redwood City Art Center is located in San Carlos, CA. The organization was established in 1996. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Redwood City Art Center 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, Redwood City Art Center generated $190.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $198.0k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW; AND, SPECIFICALLY, FOR THE PURPOSE OF FURTHERING THE DEVELOPMENT OF THE ARTS, ART EDUCATION AND PUBLIC ACCESS IN THE CITY OF REDWOOD CITY AND IN THE COUNTY OF SAN MATEO, CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanette Karthaus President | 0 | $0 | |
Rupali Sharma Secretary | 0 | $0 | |
Yao Du Treasurer | 0 | $0 | |
Tom Chapman Director | 0 | $19,126 | |
Alistair Jeffs Board Member | 0 | $0 | |
Terry Fuller Executive Di | 0 | $80,293 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $78,614 |
| Interest on Savings | $3,665 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $107,763 |
| Total Revenue | $190,042 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $99,419 |
| Other employee salaries and wages | $5,376 |
| Pension plans, employee benefits | $7,928 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74,727 |
| Total operating and administrative expenses | $197,973 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $197,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,826 |
| Savings and temporary cash investments | $88,573 |
| 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 | $941 |
| Other assets | $0 |
| Total assets | $276,340 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $19,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $16,297 |
| Total liabilities | $35,297 |