Akat
- Assets
- $13.9m
- Revenue
- $789.7k
- Investments
- $747.2k
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2022
- EIN
- 98-1516659
Organization Overview
Akat is located in San Francisco, CA. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Akat 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 12/2022, Akat generated $789.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $900.7k during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 3 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.
Since 2020, Akat has awarded 30 individual grants totaling $162,116. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
AKAT BELIEVES CONTEMPORARY ARTISTS MAKE AN IMPORTANT CONTRIBUTION TO A PROGRESSIVE SOCIETY, THEIR WORK OFTEN ADDRESSING KEY ISSUES OF OUR TIME. AKAT, A NON-PROFIT ORGANIZATION DEDICATED TO EXHIBITING THE WORK OF ARTISTS REPRESENTED IN ITS COLLECTION, ENCOURAGES THIS ENGAGEMENT AND AFFIRMS CONTEMPORARY ART'S RELEVANCE WITHIN SOCIAL DISCOURSE. AKAT ALSO SUPPORTS FRENCH NON PROFITS INVOLVED IN SOCIAL JUSTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Terdjman Director | 0 | $0 | |
Morgane Guais Director | 0 | $0 | |
Jeremy Lewinson Director | 0 | $0 | |
Joseph Le Marchand Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lider Renovation | 12/30/20 | $73,686 |
Nina Safaina Eurl | 12/30/20 | $73,686 |
Nina Safaina Eurl | 12/30/20 | $73,686 |
Lider Renovation | 12/30/20 | $73,686 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $771,421 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $583 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,724 |
| Total Revenue | $789,728 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $150,298 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $87,002 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $637,097 |
| Total operating and administrative expenses | $874,397 |
| Contributions, gifts, grants paid | $26,260 |
| Total expenses and disbursements | $900,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,688 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,041 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,136 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,615,945 |
| Other assets | $10,201,730 |
| Total assets | $13,870,783 |
| Accounts payable and accrued expenses | $429,548 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $9,183 |
| Total liabilities | $438,731 |
Grants Awarded
Over the last fiscal year, Akat has awarded $24,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FONDATION RECHERCHE NECKER ENFANTS PURPOSE: CHARITY | $4,000 |
FUNDACION ADANA PURPOSE: CHARITY | $4,000 |
JABULANIKIDS ZIMBABWE PURPOSE: CHARITY | $4,000 |
MEMORIAL FRANCE PURPOSE: CHARITY | $4,000 |
SOS MEDITERRANEE PURPOSE: CHARITY | $4,000 |
UNIS CITE PURPOSE: CHARITY | $4,000 |