P S Arts
- Assets
- $9.3m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 123
- Location
- Los Angeles, CA
- Founding
- 12/1993
- Data as of
- 06/2023
- 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 06/2023, P S Arts employed 123 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 06/2023, P S Arts generated $7.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $4.7m during the year ending 06/2023. While expenses have increased by 4.6% per year over the past 8 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
2023
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 30,000 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Schuon Board Member | Trustee | 1 | $0 |
Heather Bennett Board Member | Trustee | 1 | $0 |
Carleen Cappelletti Board Member | Trustee | 1 | $0 |
Carolyn Giangiacomo Co-Vice Chair | OfficerTrustee | 1 | $0 |
Chi-Chien Hou Co-Vice Chair | OfficerTrustee | 1 | $0 |
David Kahn Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $168,231 |
| Related organizations | $0 |
| Government grants | $222,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,433,174 |
| Noncash contributions included in lines 1a–1f | $15,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,823,764 |
| Total Program Service Revenue | $2,089,411 |
| Investment income | $154,085 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,067,260 |
| 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. | $443,561 |
| Compensation of current officers, directors, key employees. | $129,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,054,483 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $181,016 |
| Payroll taxes | $294,332 |
| 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 | $22,017 |
| Fees for services: Other | $229,444 |
| Advertising and promotion | $0 |
| Office expenses | $131,700 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,104 |
| Travel | $39,949 |
| 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 | $11,447 |
| Insurance | $38,088 |
| All other expenses | $51,150 |
| Total functional expenses | $4,747,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $783,680 |
| Savings and temporary cash investments | $10,468 |
| Pledges and grants receivable | $2,441,191 |
| Accounts receivable, net | $7,571 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,875 |
| Prepaid expenses and deferred charges | $11,259 |
| Net Land, buildings, and equipment | $38,243 |
| Investments—publicly traded securities | $5,920,605 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,689 |
| Total assets | $9,256,581 |
| Accounts payable and accrued expenses | $238,810 |
| 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 | $238,810 |
| Net assets without donor restrictions | $3,728,877 |
| Net assets with donor restrictions | $5,288,894 |
| 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 | $9,256,581 |