Nova Arts Foundation Inc
- Assets
- $87.1k
- Revenue
- $103.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Kailua, HI
- Founding
- 05/1980
- Data as of
- 12/2021
- EIN
- 13-2941045
Organization Overview
Nova Arts Foundation Inc is located in Kailua, HI. The organization was established in 1980. According to its NTEE Classification (A62) the organization is classified as: Dance, 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. Nova Arts Foundation 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, Nova Arts Foundation Inc generated $103.7k 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 (16.7%) each year. All expenses for the organization totaled $142.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.5%) 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
DANCE/ART PERFORMANCES TO ENABLE A DIVERSE AND GROWING AUDIENCE TO LEARN AND EXPERIENCE THE ART OF DANCE AND ITS CAPACITY TO EDUCATE BY CROSSING CULTURAL, SPIRITUAL, AND ECONOMIC BOUNDARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANCE PERFORMANCES, EDUCATION, AND PROGRAMS DESIGNED TO ENHANCE THE LEARNING AND EXPERIENCING OF THE ART OF DANCE AND HELPING FOSTER AN INCREASED SELF-AWARENESS AND UNDERSTANDING OF OTHER PEOPLE AND DIVERSE WORLD CULTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Bishop Treasurer | Officer | 1 | $0 |
Michael North Vice Preside | Officer | 1 | $0 |
Rai Saint Chu Secretary | Officer | 1 | $0 |
Laura Brucia Hamm President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,955 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,117 |
| Total Program Service Revenue | $28,745 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,712 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,726 |
| 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 | $45,193 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,433 |
| Payroll taxes | $5,024 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,536 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,264 |
| Travel | $1,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111 |
| Interest | $637 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,180 |
| Total functional expenses | $142,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,462 |
| Savings and temporary cash investments | $56,483 |
| Pledges and grants receivable | $17,040 |
| 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 | $100 |
| Total assets | $87,085 |
| Accounts payable and accrued expenses | $6,074 |
| Grants payable | $0 |
| Deferred revenue | $16,981 |
| 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 | $130,489 |
| Other liabilities | $0 |
| Total liabilities | $153,544 |
| Net assets without donor restrictions | $0 |
| 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 | -$66,459 |
| Total liabilities and net assets/fund balances | $87,085 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Nova Arts Foundation Inc has recieved totaling $11,658.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,647 |
J Watumull Fund Honolulu, HI PURPOSE: GENERAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Odc San Francisco, CA | $18,884,256 | $5,963,077 |
Alonzo King Lines Ballet San Francisco, CA | $9,671,611 | $7,182,657 |
Western Wall And Ceiling Contractors Association Inc Orange, CA | $12,806,461 | $4,913,418 |
Dancers Group San Francisco, CA | $3,102,725 | $3,484,368 |
A Step Beyond Escondido, CA | $1,957,071 | $1,242,678 |
Shawl-Anderson Modern Dance Center Berkeley, CA | $2,755,170 | $1,018,727 |
The Dance Brigade A New Group From Wallflower Order San Francisco, CA | $2,045,783 | $2,040,710 |
Project Bandaloop Oakland, CA | $698,917 | $1,438,352 |
San Jose Dance Theatre San Jose, CA | $606,131 | $1,282,889 |
Axis Dance Company Berkeley, CA | $1,958,637 | $1,069,011 |
Senderos Santa Cruz, CA | $268,169 | $1,054,232 |
Dreams For Schools Irvine, CA | $756,904 | $889,286 |