Central Valley Center For The Arts Inc
- Assets
- $26.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Modesto, CA
- Founding
- 08/1999
- Data as of
- 06/2020
- EIN
- 77-0518099
Organization Overview
Central Valley Center For The Arts Inc is located in Modesto, CA. The organization was established in 1999. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, 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. Central Valley Center For The Arts 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 06/2020, Central Valley Center For The Arts Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ADMINISTER THE ORGANIZATION'S PERMANENT ENDOWMENT FUND AND PROVIDE FINANCIAL SUPPORT FOR THE OPERATION OF THE GALLO CENTER FOR THE ARTS, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADMINISTER AND MAINTAIN THE PERMANENT, IRREVOCABLE ENDOWMENT FUND AND TO PROVIDE FINANCIAL SUPPORT FOR THE OPERATION OF A PERFORMING ARTS CENTER.
THE ORGANIZATION PROVIDED THE CONCESSION OPERATIONS FOR THE GALLO CENTER FOR THE ARTS, INC. NO EVENTS WERE HELD DURING THE 2020-2021 SEASON DUE TO COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Barraza Secretary | OfficerTrustee | 4 | $0 |
Christina Gomez Treasurer | OfficerTrustee | 4 | $0 |
Evan Porges Chairman Of The Board | OfficerTrustee | 4 | $0 |
June Rogers Vice President | OfficerTrustee | 4 | $0 |
Landon Skinner Director Of Finance | Officer | 1 | $0 |
Lynn Dickerson Chief Executive Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,550 |
| Investment income | $686,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $177,183 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $236,137 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,107,671 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $47,909 |
| Fees for services: Other | $600 |
| Advertising and promotion | $0 |
| Office expenses | $32,947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,372,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,869 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,555 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,430 |
| Prepaid expenses and deferred charges | $716 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $26,107,584 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,162,154 |
| Accounts payable and accrued expenses | $19,581 |
| 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 | $0 |
| Total liabilities | $19,581 |
| 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 |
| Total liabilities and net assets/fund balances | $26,142,573 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Central Valley Center For The Arts Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Galen Family Foundation Rancho Mirage, CA PURPOSE: GENERAL OPERATIONS | $5,000 |
Endowment Analysis
| Beg. Balance | $26,107,584 |
| Earnings | $7,191,656 |
| Ending Balance | $33,299,240 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scottsdale Cultural Council Scottsdale, AZ | $11,025,722 | $9,457,681 |
Regional Arts & Culture Council Portland, OR | $19,063,213 | $7,551,679 |
Public Corporation For The Arts Of The City Of Long Beach Long Beach, CA | $1,457,547 | $3,278,156 |
Silicon Valley Creates San Jose, CA | $3,422,422 | $3,649,409 |
Arts Foundation For Tucson And Southern Arizona Tucson, AZ | $962,823 | $2,764,591 |
Oregon Council For The Humanities Portland, OR | $2,576,725 | $2,357,647 |
Arts Council Santa Cruz County Santa Cruz, CA | $3,610,381 | $2,573,468 |
Fresno Arts Council Inc Fresno, CA | $1,695,562 | $2,423,819 |
Palos Verdes Art Center Beverly G Alpay Center For Arts Education Rancho Palos Verdes, CA | $13,310,547 | $3,276,313 |
Arts Council For Monterey County Monterey, CA | $1,257,748 | $1,850,985 |
Fulcrum Arts Pasadena, CA | $1,056,280 | $1,532,362 |
Central Valley Center For The Arts Inc Modesto, CA | $26,162,154 | $1,107,671 |