Thousand Oaks Alliance For The Arts
- Assets
- $14.9m
- Revenue
- $1.8m
- Investments
- $8.2m
- Employees
- 0
- Location
- Thousand Oaks, CA
- Founding
- 04/1994
- Data as of
- 06/2021
- EIN
- 95-4466987
Organization Overview
Thousand Oaks Alliance For The Arts is located in Thousand Oaks, CA. The organization was established in 1994. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thousand Oaks Alliance 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 06/2021, Thousand Oaks Alliance For The Arts generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.8% each year . All expenses for the organization totaled $683.9k during the year ending 06/2021. 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
TOARTS ENRICHES LIVES AND STRENGTHENS THE FABRIC OF THE COMMUNITY THROUGH ARTS EDUCATION AND THE PRESENTATION AND SUPPORT OF VISUAL AND PERFORMING ARTS AT THE BANK OF AMERICA PERFORMING ARTS CENTER AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORED OR CO-SPONSORED LIVE PERFORMING ARTS PROGRAMMING FOR THE EDUCATIONAL AND CULTURAL BENEFIT OF THE CITIZENS OF SOUTHERN CALIFORNIA.
GRANTS FOR PERFORMING ARTS
PROVIDING ARTS EDUCATION IN THE COMMUNITY THROUGH KIDS AND THE ARTS SCHOOL OUTREACH PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mead Chair | OfficerTrustee | 5 | $0 |
Al Lowe Treasurer | OfficerTrustee | 5 | $0 |
Eloise Cohen Vice Chair | OfficerTrustee | 5 | $0 |
Janet Scherr Secretary | OfficerTrustee | 5 | $0 |
Kyle Rohrbach Board Member | Trustee | 1 | $0 |
Kathy Jeffers-Volk Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,060 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,260 |
| Total Program Service Revenue | $32,875 |
| Investment income | $196,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,475,852 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,826,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,544 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,719 |
| Pension plan accruals and contributions | $19,171 |
| Other employee benefits | $14,980 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,578 |
| Office expenses | $13,999 |
| Information technology | $11,682 |
| Royalties | $0 |
| Occupancy | $83 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $5,494 |
| All other expenses | $2,778 |
| Total functional expenses | $683,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $621,439 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $378,418 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,220,515 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,659,544 |
| Total assets | $14,879,916 |
| Accounts payable and accrued expenses | $350,129 |
| 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 | $137,191 |
| Total liabilities | $487,320 |
| Net assets without donor restrictions | $6,878,598 |
| Net assets with donor restrictions | $7,513,998 |
| 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 | $14,879,916 |
Grants Awarded
Over the last fiscal year, Thousand Oaks Alliance For The Arts has awarded $162,700 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF THOUSAND OAKS PURPOSE: PERFORMANCE GRANT | $145,700 |
PACIFIC FESTIVAL BALLET PURPOSE: PERFORMANCE GRANT | $15,000 |
CITY OF THOUSAND OAKS PURPOSE: STUDENT SCHOLARSHIP FOR BOSTON POPS | $2,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Thousand Oaks Alliance For The Arts has recieved totaling $6,264.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,054 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $125 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $27 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $27 |
Endowment Analysis
| Beg. Balance | $10,894,216 |
| Earnings | $2,880,655 |
| Net Contributions | $6,929 |
| Other Expense | $725,000 |
| Ending Balance | $13,056,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Segerstrom Center For The Arts Costa Mesa, CA | $493,213,588 | $84,488,930 |
Performing Arts Center Of Los Angeles County Los Angeles, CA | $146,527,407 | $76,131,684 |
Friends Of The Cultural Center Inc Palm Desert, CA | $48,047,897 | $20,407,526 |
The Smith Center For The Performing Arts Las Vegas, NV | $427,449,516 | $12,755,870 |
Luther Burbank Memorial Foundation Santa Rosa, CA | $31,726,314 | $16,161,291 |
Intersection For The Arts San Francisco, CA | $6,218,196 | $5,728,383 |
Santa Barbara Center For The Performing Arts Inc Santa Barbara, CA | $116,344,118 | $4,620,233 |
Lobero Theatre Foundation Santa Barbara, CA | $11,390,447 | $5,213,777 |
Paramount Theatre Of The Arts Inc Oakland, CA | $15,083,800 | $5,039,030 |
Irvine Barclay Theatre Operating Co Irvine, CA | $4,871,316 | $3,311,778 |
Mainly Mozart Inc San Diego, CA | $792,070 | $2,395,556 |
Gallo Center For The Arts Inc Modesto, CA | $40,396,474 | $2,412,473 |