Balboa Art Conservation Center
- Assets
- $2.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 12
- Location
- San Diego, CA
- Founding
- 06/1976
- Data as of
- 12/2022
- 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 12/2022, Balboa Art Conservation Center employed 12 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 12/2022, Balboa Art Conservation Center generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $757.1k during the year ending 12/2022. While expenses have increased by 6.9% 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
2022
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 |
|---|---|---|---|
Dana Springs President | OfficerTrustee | 1 | $0 |
Kristin Beattie Secretary | OfficerTrustee | 1 | $0 |
Rolando Charvel CPA Treasurer | OfficerTrustee | 1 | $0 |
Tim Campbell Trustee | Trustee | 1 | $0 |
Karen Coutts Trustee | Trustee | 1 | $0 |
Joel Garcia Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,206,689 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,221,189 |
| Total Program Service Revenue | $353,169 |
| Investment income | $13,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,835,142 |
| 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. | $109,356 |
| Compensation of current officers, directors, key employees. | $5,197 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $358,652 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,502 |
| Payroll taxes | $34,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,733 |
| Fees for services: Other | $26,632 |
| Advertising and promotion | $130 |
| Office expenses | $10,847 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,102 |
| Travel | $1,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,520 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,880 |
| Insurance | $8,177 |
| All other expenses | $0 |
| Total functional expenses | $757,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,366 |
| Savings and temporary cash investments | $424,511 |
| Pledges and grants receivable | $725,402 |
| 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 | $1,135 |
| Net Land, buildings, and equipment | $49,197 |
| Investments—publicly traded securities | $633,443 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,410 |
| Total assets | $1,999,464 |
| Accounts payable and accrued expenses | $55,291 |
| Grants payable | $0 |
| Deferred revenue | $46,073 |
| 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 | $101,364 |
| Net assets without donor restrictions | $840,143 |
| Net assets with donor restrictions | $1,057,957 |
| 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 | $1,999,464 |