Fine Arts Club Of Pasadena
- Assets
- $555.6k
- Revenue
- $109.2k
- Investments
- $484.3k
- Employees
- 0
- Location
- Alhambra, CA
- Founding
- 11/1968
- Data as of
- 06/2021
- EIN
- 95-6228937
Organization Overview
Fine Arts Club Of Pasadena is located in Alhambra, CA. The organization was established in 1968. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Fine Arts Club Of Pasadena 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, Fine Arts Club Of Pasadena generated $109.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $29.4k 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
THE PRIMARY PURPOSE IS TO ENCOURAGE THE CREATION, EXECUTION, AND APPRECIATION OF WORK IN ALL BRANCHES OF THE FINE ARTS. THE ORGANIZATION PROVIDES A VENUE FOR ARTISTS TO PERFORM AND GRANTS AWARDS TO DESERVING ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DINNER AND OTHER PROGRAM MEETINGS THAT SHOWCASE ARTISTS AND THEIR WORK. THIS ACTIVITY PROMOTES ENJOYMENT OF THE ARTS & ENCOURAGES CREATION, EXECUTION, AND APPRECIATION OF WORK IN ALL BRANCHES OF THE ARTS. AVAILABLE TO MEMBERS OF APPROXIMATELY 120, TOGETHER WITH THEIR GUESTS AND FEATURED ARTISTS.
ACHIEVEMENT AWARDS TO DESERVING ARTISTS SELECTED BY THIS ORGANIZATION IN ANNUAL COMPETITIONS IN BOTH PERFORMING AND VISUAL ARTS FIELDS. SINCE 1962, 147 AWARDS HAVE BEEN GRANTED, AND MANY RECIPIENTS HAVE GONE ON TO BRILLIANT CAREERS IN THEIR FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Childs President | Officer | 2 | $0 |
Olga Moretti Treasurer | Officer | 2 | $0 |
Sheri Morton Secretary - Corresponding | Officer | 2 | $0 |
Austin Mircheff Director | Trustee | 1 | $0 |
Mary Cronin 1st VP - Performing Arts P | Trustee | 1 | $0 |
Jessie Duffy Immediate Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,740 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,945 |
| Total Program Service Revenue | $0 |
| Investment income | $10,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,914 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,856 |
| 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 | $1,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,116 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,638 |
| Information technology | $6,148 |
| 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 | $500 |
| All other expenses | $4,898 |
| Total functional expenses | $29,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,337 |
| Savings and temporary cash investments | $26,978 |
| 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 | $484,332 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $555,647 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $555,647 |
| 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 | $555,647 |
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