Ipalpiti Artists International Inc
- Assets
- $175.1k
- Revenue
- $222.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 95-4618040
Organization Overview
Ipalpiti Artists International Inc is located in Los Angeles, CA. The organization was established in 1997. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Ipalpiti Artists International Inc 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 12/2021, Ipalpiti Artists International Inc generated $222.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $190.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. 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
TO PROVIDE FINANCIAL ASSISTANCE TO GIFTED CLASSICAL MUSICIANS, TO PROMOTE THEIR CAREERS, AND TO PROVIDE LOW OR NO COST PERFORMANCES OF CLASSICAL MUSIC TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A CLASSICAL MUSIC FESTIVALS WERE PRODUCED FOR THE PURPOSE OF PROMOTING THE TALENTS OF GIFTED MUSICIANS AND PROVIDING LOW OR NO COST PERFORMANCE OF CLASSICAL MUSIC TO THE PUBLIC.THE FESTIVAL CONSISTED OF A SERIES OF CHAMBER MUSIC SOLOS AND ENSEMBLES AND ORCHESTRAL PERFORMANCES.A SIGNIFICANT PORTION OF THE ORGANIZATION'S PROGRAM SERVICES ARE ACCOMPLISHED THROUGH THE USE OF A DEDICATED FORCE OF VOLUNTEERS AND BENEFACTORS WHO HAVE PROVIDED PROFESSIONAL SERVICES, TRANSPORTATION, AUDIO SERVICES AND RECORDINGS, PHOTOGRAPHY, FACILITIES, CATERING, PERFORMANCE APPAREL AND MANY OTHER GOODS AND SERVICES AT NO COST TO THE ORGANIZATION. THE ESTIMATED VALUE OF THESE GOODS AND SERVICES IS APPROXIMATELY $236,500
YOUNG MUSICIANS WERE PROVIDED GRANTS AND THE OPPORTUNITY TO GAIN ADDITIONAL PUBLIC EXPOSURE AND PROFESSIONAL MUSIC COACHING SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Steinberg Member | Officer | 2 | $0 |
Laura Schmieder Director | Officer | 30 | $0 |
Ada Sands Vice Chair | Officer | 2 | $0 |
Mary Levin-Cutler Member | Trustee | 0 | $0 |
Lauren Dani Chung Memeber | Trustee | 0 | $0 |
Helena Krol-Kolodziey Member | Trustee | 0 | $0 |
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 | $222,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,705 |
| Total Program Service Revenue | $127 |
| Investment income | $96 |
| 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 | $222,928 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,751 |
| Office expenses | $5,103 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $2,358 |
| All other expenses | $54,666 |
| Total functional expenses | $190,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,145 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $175,145 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,668 |
| Total liabilities | $1,668 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $173,477 |
| 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 | $175,145 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ipalpiti Artists International Inc has recieved totaling $48,032.
| Awarding Organization | Amount |
|---|---|
Lloyd E Rigler-Lawrence E Deutsch Foundation Los Angeles, CA PURPOSE: CHARITABLE CONTRIBUTION | $45,000 |
Protostar Foundation San Diego, CA PURPOSE: GENERAL | $2,000 |
Parkside Foundation Metairie, LA PURPOSE: MUSICAL EDUCATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Academy Of Mathematics & Science South Inc Tucson, AZ | $124,208,680 | $62,725,140 |
Artnow Fondation San Francisco, CA | $0 | $214,158 |
Lazy Mf Trust Irvine, CA | $2,742,949 | $392,168 |
Thru Guidance Ministries Los Angeles, CA | $2,841,551 | $7,857,035 |
Inner-City Arts Los Angeles, CA | $18,610,203 | $5,566,146 |
House Of Blues Music Forward Foundation Beverly Hills, CA | $3,094,278 | $3,522,048 |
School Of Arts And Culture At Mhp San Jose, CA | $8,721,548 | $4,861,362 |
Wayne Thiebaud Foundation Sacramento, CA | $135,503,481 | $2,669,000 |
California Jazz Conservatory Inc Berkeley, CA | $7,248,479 | $2,565,384 |
Arts For Healing And Justice Network Long Beach, CA | $3,982,925 | $3,271,300 |
Youth Music Project West Linn, OR | $1,663,643 | $2,050,654 |
Djerassi Resident Artists Program Woodside, CA | $5,870,903 | $1,216,127 |