P S Arts
- Assets
- $6.7m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 92
- Location
- Los Angeles, CA
- Founding
- 12/1993
- Data as of
- 06/2022
- EIN
- 95-3931147
Organization Overview
P S Arts is located in Los Angeles, CA. The organization was established in 1993. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, P S Arts employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. P S 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, P S Arts generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. While expenses have increased by 2.1% 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
P.S. ARTS IS DEDICATED TO ADVANCING EQUITY AND OPPORTUNITY FOR CHILDREN AND YOUTH BY PROVIDING ARTS EDUCATION IN SYSTEMICALLY UNDER-RESOURCED SCHOOLS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HIGH-QUALITY CALIFORNIA VISUAL AND PERFORMING ARTS (VAPA) STANDARDS-BASED ARTS EDUCATION PROGRAMS IN MUSIC, DANCE, DRAMA, AND VISUAL ARTS, BOTH VIRTUALLY AND IN-PERSON. PROGRAMS INCLUDE IN-SCHOOL CLASSES, AFTER-SCHOOL INSTRUCTION, PROFESSIONAL DEVELOPMENT COACHING AND WORKSHOPS FOR CLASSROOM TEACHERS, AND COMMUNITY ARTS EVENTS. CURRENTLY, P.S. ARTS SERVES MORE THAN 25,000 STUDENTS AND COMMUNITY MEMBERS. PARTNER DISTRICTS INCLUDE: LOS ANGELES UNIFIED, LAWNDALE ELEMENTARY, LYNWOOD, REEF-SUNSET, COMPTON, EL SEGUNDO, ALHAMBRA, PARAMOUNT, TORRANCE AND SANTA MONICA/MALIBU UNIFIED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Paglia Chief Executive Officer | Officer | 40 | $179,886 |
Elda Pineda Deputy Director | 40 | $117,089 | |
Jennifer Garratt Advancement Director | 40 | $113,213 | |
Guillaume Wateau Finance Director | 40 | $109,311 | |
Carolyn Giangiacomo Co-Vice Chair | OfficerTrustee | 1 | $0 |
Chi-Chien Hou Co-Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $96,123 |
| Related organizations | $0 |
| Government grants | $748,848 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,614,381 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,459,352 |
| Total Program Service Revenue | $1,669,311 |
| Investment income | $57,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $214,026 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,399,709 |
| 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. | $556,098 |
| Compensation of current officers, directors, key employees. | $119,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,290,815 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $155,298 |
| Payroll taxes | $238,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,974 |
| Fees for services: Other | $87,743 |
| Advertising and promotion | $0 |
| Office expenses | $138,655 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,720 |
| Travel | $14,777 |
| 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 | $6,138 |
| Insurance | $29,808 |
| All other expenses | $13,751 |
| Total functional expenses | $3,849,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,769 |
| Savings and temporary cash investments | $10,458 |
| Pledges and grants receivable | $659,304 |
| Accounts receivable, net | $8,104 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,825 |
| Prepaid expenses and deferred charges | $23,720 |
| Net Land, buildings, and equipment | $46,491 |
| Investments—publicly traded securities | $5,158,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,708 |
| Total assets | $6,703,351 |
| Accounts payable and accrued expenses | $234,336 |
| 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 | $234,336 |
| Net assets without donor restrictions | $3,361,468 |
| Net assets with donor restrictions | $3,107,547 |
| 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 | $6,703,351 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that P S Arts has recieved totaling $391,768.
| Awarding Organization | Amount |
|---|---|
Carl And Roberta Deutsch Foundation Santa Monica, CA PURPOSE: ARTS EDUCATION | $70,000 |
Great Public Schools Now Los Angeles, CA PURPOSE: SUPPORT FOR PS ARTS'S SUMMER ENRICHMENT PROGRAMS | $65,000 |
Leonard Hill Charitable Trust Santa Monica, CA PURPOSE: PROGRAMMING AT JOYNER ELEMENTARY SCHOOL | $50,000 |
Pc And Rosana Hsu Chao Foundation Villa Park, CA PURPOSE: GENERAL CONTRIBUTION | $40,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $35,000 |
The Meredith And Rosemary Willson Charitable Foundation Los Angeles, CA PURPOSE: MUSIC EDUCATION RELIEF GRANT | $30,000 |
Endowment Analysis
| Beg. Balance | $3,281,323 |
| Earnings | -$448,543 |
| Net Contributions | $59 |
| Other Expense | $120,000 |
| Ending Balance | $2,712,839 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |
North Valley Community Foundation Chico, CA | $60,759,000 | $16,028,341 |
Community Foundation For Southern Arizona Tucson, AZ | $172,311,447 | $35,644,345 |
International Community Foundation National City, CA | $29,422,268 | $13,734,101 |
Rancho Santa Fe Foundation Rancho Santa Fe, CA | $166,599,422 | $22,283,277 |
Community Foundation Of Western Nevada Reno, NV | $127,209,186 | $12,894,705 |
Humboldt Area Foundation Bayside, CA | $172,334,910 | $13,192,449 |
Jewish Community Foundation Of Southern Arizona Tucson, AZ | $157,844,908 | $29,193,344 |
Mayors Fund For Los Angeles Los Angeles, CA | $12,037,706 | $5,243,106 |
Jewish Community Foundation Of Orange County Irvine, CA | $108,015,348 | $20,165,393 |
Pasadena Community Foundation Pasadena, CA | $160,872,116 | $33,042,535 |
Stanislaus Community Foundation Modesto, CA | $47,035,948 | $9,403,966 |