Business Arts Plaza Inc
- Assets
- $85.5m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Burbank, CA
- Founding
- 05/1995
- Data as of
- 12/2022
- EIN
- 95-4486564
Organization Overview
Business Arts Plaza Inc is located in Burbank, CA. The organization was established in 1995. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Business Arts Plaza Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2022, Business Arts Plaza Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
TITLE HOLDING COMPANY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION HOLDS TITLE TO REAL PROPERTY LOCATED AT 3601 WEST OLIVE AVENUE, BURBANK, CA, ON BEHALF OF SCREEN ACTORS GUILD-PRODUCERS PENSION PLAN; COLLECTS AND DISTRIBUTES THE INCOME.
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 |
|---|---|---|---|
Michael Estrada President | Officer | 0 | $0 |
Odele Kohlstrand Secretary | Officer | 0 | $0 |
David Choi Treasurer | Officer | 0 | $0 |
Daryl Anderson Director | Trustee | 1 | $0 |
Duncan Crabtree-Ireland Director | Trustee | 1 | $0 |
Keith Gorham Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ids Real Estate Group Property Management | 12/30/22 | $583,784 |
Abm Industries Inc Janitorial Services | 12/30/22 | $394,305 |
Structural Preservation Systems Llc Commission Fees | 12/30/22 | $509,055 |
Jp Morgan Asset Management Investment Manager | 12/30/22 | $238,617 |
Specialized Elevator Services Llc Maintenace Services | 12/30/22 | $308,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,563,409 |
| Investment income | $9,137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,201,310 |
| 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 | $5,774,370 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $63,416 |
| 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 | $238,617 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $74,920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $868,824 |
| Travel | $9,428 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,562,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,846 |
| Savings and temporary cash investments | $100,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $168,995 |
| 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 | $26,658 |
| Net Land, buildings, and equipment | $84,700,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $85,547,499 |
| Accounts payable and accrued expenses | $766,936 |
| Grants payable | $0 |
| Deferred revenue | $99,436 |
| 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 | $452,596 |
| Total liabilities | $1,318,968 |
| Net assets without donor restrictions | $84,228,531 |
| Net assets with donor restrictions | $0 |
| 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 | $85,547,499 |