Balboa Art Conservation Center
- Assets
- $1.1m
- Revenue
- $627.3k
- Investments
- $0.0
- Employees
- 11
- Location
- San Diego, CA
- Founding
- 06/1976
- Data as of
- 12/2021
- EIN
- 95-2932292
Organization Overview
Balboa Art Conservation Center is located in San Diego, CA. The organization was established in 1976. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Balboa Art Conservation Center employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Balboa Art Conservation 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 12/2021, Balboa Art Conservation Center generated $627.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $776.7k during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CENTER WAS ORGANIZED TO FURTHER THE CONSERVATION OF AND THE STUDY OF WORKS OF ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSERVATION AND RESTORATION SERVICES OF FINE ART OBJECTS PRINCIPALLY OWNED BY NOT-FOR-PROFIT PUBLIC ART MUSEUMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leticia Gomez Franco Executive Director | Officer | 40 | $102,000 |
Karen Coutts President | OfficerTrustee | 1 | $0 |
Dana Springs Secretary | OfficerTrustee | 1 | $0 |
Jeff Dunigan Treasurer | OfficerTrustee | 1 | $0 |
Kate Butler Trustee | Trustee | 1 | $0 |
Tom Callas Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,547 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,800 |
| Total Program Service Revenue | $308,159 |
| Investment income | $14,847 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $627,291 |
| 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. | $119,842 |
| Compensation of current officers, directors, key employees. | $6,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $391,343 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,798 |
| Payroll taxes | $38,600 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,202 |
| Fees for services: Other | $34,674 |
| Advertising and promotion | $31 |
| Office expenses | $15,220 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,534 |
| Travel | $2,431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,413 |
| Insurance | $7,809 |
| All other expenses | $0 |
| Total functional expenses | $776,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,611 |
| Savings and temporary cash investments | $81,206 |
| Pledges and grants receivable | $34,520 |
| Accounts receivable, net | $21,000 |
| 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 | $1,135 |
| Net Land, buildings, and equipment | $59,634 |
| Investments—publicly traded securities | $796,004 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,840 |
| Total assets | $1,094,950 |
| Accounts payable and accrued expenses | $55,213 |
| Grants payable | $0 |
| Deferred revenue | $22,158 |
| 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 | $68,270 |
| Other liabilities | $0 |
| Total liabilities | $145,641 |
| Net assets without donor restrictions | $72,099 |
| Net assets with donor restrictions | $877,210 |
| 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 | $1,094,950 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Balboa Art Conservation Center has recieved totaling $16,020.
| Awarding Organization | Amount |
|---|---|
California Humanities Oakland, CA PURPOSE: CORE PROGRAMS | $15,000 |
Organization Name not Listed PURPOSE: GENERAL FUND | | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Endowment Analysis
| Beg. Balance | $754,584 |
| Earnings | $72,408 |
| Other Expense | $30,988 |
| Ending Balance | $796,004 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Visions Foundation Malibu, CA | $2,694,700 | $10,872,980 |
Glaziers Architectural Metal & Glass Workers Local Union 1399 Hea Covina, CA | $12,022,551 | $5,262,157 |
Phoenix Painting Industry Trust Fund Phoenix, AZ | $8,745,449 | $4,690,569 |
Elderheart Inc Sisters, OR | $6,200,437 | $6,066,501 |
Social And Public Art Resource Center Venice, CA | $5,398,489 | $1,298,270 |
Modern Quilt Guild Inc Los Angeles, CA | $471,322 | $1,206,669 |
Catchlight San Francisco, CA | $2,559,579 | $3,095,707 |
Self-Help Graphics And Arts Inc Los Angeles, CA | $7,358,688 | $2,282,621 |
California Anime Foundation Granada Hills, CA | $325,204 | $1,412,708 |
Bay Area Glass Institute Inc San Jose, CA | $1,447,752 | $1,103,523 |
Hui Noeau Makawao, HI | $6,399,050 | $1,181,820 |
American Society Of Media Photographers Inc San Francisco, CA | $534,568 | $1,162,030 |