Art For Life Foundation
- Assets
- $63.3k
- Revenue
- $28.3k
- Investments
- $60.6k
- Employees
- 0
- Location
- Clayton, CA
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 58-2421875
Organization Overview
Art For Life Foundation is located in Clayton, CA. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art For Life Foundation 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, Art For Life Foundation generated $28.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $29.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Knutson CEO | 50 | $26,000 | |
Jeffrey Russo CFO | 3 | $0 | |
Rosalie Gazzola Secretary | 0 | $0 | |
Chad Olson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,504 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,116 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,729 |
| Capital Gain Net Income | $7,729 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,119 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $884 |
| Total operating and administrative expenses | $29,003 |
| Contributions, gifts, grants paid | $140 |
| Total expenses and disbursements | $29,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,994 |
| Savings and temporary cash investments | $694 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $63,302 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Art For Life Foundation has awarded $1,813 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WCHOB FOUNDATION PURPOSE: ART WHILE YOU WAIT PROGRAM | $653 |
NEBRASKA MEDICAL CENTER PURPOSE: CHILD ART PROGRAM | $60 |
HASBRO CHILDREN'S HOSPITAL PURPOSE: ART WHILE YOU WAIT PROGRAM | $1,000 |
AMERICAN FAMILY CHILDREN'S HOSPITAL PURPOSE: CHILD ART PROGRAM | $100 |