Underground Museum
- Assets
- $1.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 16
- Location
- Los Angeles, CA
- Founding
- 07/2015
- Data as of
- 12/2021
- EIN
- 47-4019904
Organization Overview
Underground Museum is located in Los Angeles, CA. The organization was established in 2015. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Underground Museum employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Underground Museum 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, Underground Museum generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.0% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
TO ENCOURAGE AND DISPLAY ART OF ALL FORMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVES AS A KEY CONDUIT TO DEVELOP COMMUNITY PARTICIPATION THROUGH A BROAD RANGE OF ACTIVITIES UTILIZING BOOKS, EXHIBITIONS OF ARTISTIC WORKS, AND COMMUNITY ACTIVITIES.
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 |
|---|---|---|---|
Cristina Pacheco Secretary/coo | OfficerTrustee | 40 | $189,231 |
Karon Davis President/ceo | OfficerTrustee | 15 | $100,000 |
Meaghan Manuel Director & Curator (start 10/21) | Officer | 40 | $28,997 |
Deana Haggag Board Member | Trustee | 3 | $26,543 |
Onye Anyanwu Treasurer | OfficerTrustee | 15 | $0 |
Mark Ankner Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,841,812 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,944,432 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$36,807 |
| 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 | -$34,384 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,873,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $75,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $363,877 |
| Compensation of current officers, directors, key employees. | $72,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $273,735 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,635 |
| Payroll taxes | $48,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,511 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,130 |
| Advertising and promotion | $1,373 |
| Office expenses | $58,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $185,002 |
| Travel | $517 |
| 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 | $22,757 |
| Insurance | $29,903 |
| All other expenses | $0 |
| Total functional expenses | $1,316,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,138,145 |
| Savings and temporary cash investments | $275,040 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $236 |
| 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 | $430,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,843,914 |
| Accounts payable and accrued expenses | $18,874 |
| 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 | $255,000 |
| Total liabilities | $273,874 |
| Net assets without donor restrictions | $1,530,040 |
| Net assets with donor restrictions | $40,000 |
| 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 | $1,843,914 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Underground Museum has recieved totaling $1,246,750.
| Awarding Organization | Amount |
|---|---|
Foundation To Promote Open Society New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $500,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $200,000 |
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $167,000 |
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $150,000 |
Kao Family Foundation Olathe, KS PURPOSE: ORGANIZATION'S GENERAL CHARITABLE PURPOSES | $150,000 |
Robert Rauschenberg Foundation New York, NY PURPOSE: SUPPORT FOR THE RENOVATIONS AND PROGRAMMING OF THE PURPLE GARDEN | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Society For The Promotion Of Japanese Animation Santa Ana, CA | $0 | $15,922,386 |
Haven Gallery Pomona, CA | $12,441,851 | $10,866,207 |
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Maui Arts & Cultural Center Kahului, HI | $31,390,294 | $9,713,031 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |
Gray Area Foundation For The Arts San Francisco, CA | $1,951,369 | $4,455,887 |