Armory Center For The Arts
- Assets
- $5.4m
- Revenue
- $2.2m
- Investments
- $44.1k
- Employees
- 78
- Location
- Pasadena, CA
- Founding
- 10/1974
- Data as of
- 06/2022
- EIN
- 95-2907884
Organization Overview
Armory Center For The Arts is located in Pasadena, CA. The organization was established in 1974. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Armory Center For The Arts employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armory Center For The Arts 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 06/2022, Armory Center For The Arts generated $2.2m 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 $2.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ARMORY CENTER FOR THE ARTS IS DEDICATED TO BUILDING ON THE POWER OF ART TO TRANSFORM LIVES AND COMMUNITIES THROUGH CREATING, TEACHING AND PRESENTING THE ARTS. A NATIONAL LEADER FOR CONTEMPORARY ARTS EXHIBITIONS AND COMMUNITY ARTS EDUCATION, THE ARMORY BELIEVES THAT AN UNDERSTANDING AND APPRECIATION OF THE ARTS IS ESSENTIAL FOR A WELL-ROUNDED HUMAN EXPERIENCE AND A HEALTHY COMMUNITY. FOR THREE DECADES, THE ARMORY HAS TRAINED PROFESSIONAL ARTISTS TO USE THEIR EXPERTISE AND ENTHUSIASM TO TEACH AND INSPIRE INDIVIDUALS OF DIVERSE AGES AND BACKGROUNDS THROUGH CLASSES AND EXHIBITIONS AT ITS MAIN LOCATION IN OLD PASADENA, AS WELL AS A RANGE OF FREE PROGRAMS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ART EDUCATION WORKSHOPS, PROFESSIONAL EXHIBITIONS AND PRESENTATIONS TO THE GENERAL PUBLIC AND SCHOOLS. REDUCED TUITION WAS PROVIDED TO LOW INCOME HOUSEHOLDS FOR PARTICIPATION IN TUITION-BASED CLASSES. ALSO PROVIDED A COMMUNITY CENTER FOR USE BY ARTISTS AND TAX-EXEMPT ORGANIZATIONS; OVER 100,000 VISITS. MANY OF THESE SERVICES ARE PROVIDED FREE TO THE COMMUNITY OF PASADENA IN EXCHANGE FOR THE RENT FREE USE OF THE ARMORY BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Khader Karp Director | Trustee | 2 | $0 |
Linda Burrow Past President | OfficerTrustee | 2 | $0 |
Jill Sumiyasu VP - Personnel | OfficerTrustee | 2 | $0 |
Gale Kohl VP - Personnel | OfficerTrustee | 2 | $0 |
Catherine Arias VP - Board Affiars | OfficerTrustee | 2 | $0 |
Max Brennan Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $136,221 |
| Related organizations | $0 |
| Government grants | $398,756 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,160,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,695,035 |
| Total Program Service Revenue | $520,161 |
| Investment income | $24,715 |
| 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 | $8,499 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,248,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $245,251 |
| Compensation of current officers, directors, key employees. | $42,035 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,199,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,477 |
| Payroll taxes | $137,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $97,694 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,164 |
| Advertising and promotion | $0 |
| Office expenses | $54,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,711 |
| Travel | $29,691 |
| 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 | $110,841 |
| Insurance | $26,818 |
| All other expenses | $0 |
| Total functional expenses | $2,257,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,091,310 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $470,838 |
| Accounts receivable, net | $0 |
| 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 | $42,949 |
| Net Land, buildings, and equipment | $868,459 |
| Investments—publicly traded securities | $2,546,987 |
| Investments—other securities | $44,108 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $334,700 |
| Total assets | $5,399,351 |
| Accounts payable and accrued expenses | $106,329 |
| 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 | $0 |
| Total liabilities | $106,329 |
| Net assets without donor restrictions | $2,853,070 |
| Net assets with donor restrictions | $2,439,952 |
| 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 | $5,399,351 |