Sacramento Fine Arts Center
- Assets
- $122.6k
- Revenue
- $188.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Carmichael, CA
- Founding
- 11/1986
- Data as of
- 12/2022
- EIN
- 68-0072298
Organization Overview
Sacramento Fine Arts Center is located in Carmichael, CA. The organization was established in 1986. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Sacramento Fine Arts Center employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento Fine Arts Center 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, Sacramento Fine Arts Center generated $188.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $153.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ARTS PARTICIPATION AND PERFORMANCE IN THE SACRAMENTO COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF ART TO PUBLIC THROUGH EXHIBITS, ONLINE AND SHOWS
OPEN HOUSE SHOWS TO SHOWCASE ART
AWS INCOME FROM CATALOGUE SALES INCLUDING AUCTION, RAFFLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Hargrave President | Officer | 3 | $0 |
Mikki Bako Sorensen 1st Vice President | Officer | 1 | $0 |
Dana Meinders Vice President | Officer | 1 | $0 |
Elise Reilly Treasurer | Officer | 1 | $0 |
Jean Walker Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,373 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,255 |
| Total Program Service Revenue | $42,156 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,609 |
| 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 | $30,545 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $188,573 |
| 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. | $36,374 |
| Compensation of current officers, directors, key employees. | $36,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,403 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,982 |
| Fees for services: Management | $1,531 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,478 |
| Advertising and promotion | $0 |
| Office expenses | $4,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,050 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,444 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $431 |
| Insurance | $4,129 |
| All other expenses | $2,824 |
| Total functional expenses | $153,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $910 |
| Savings and temporary cash investments | $99,293 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75 |
| 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 | $10,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,356 |
| Other assets | $1 |
| Total assets | $122,635 |
| Accounts payable and accrued expenses | $574 |
| Grants payable | $6,725 |
| Deferred revenue | $1,559 |
| 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 | $8,858 |
| 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 | $33,087 |
| Retained earnings, endowment, accumulated income, or other funds | $80,690 |
| Total liabilities and net assets/fund balances | $122,635 |