Castro Valley Arts Foundation
- Assets
- $2.6m
- Revenue
- $293.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Castro Valley, CA
- Founding
- 03/2005
- Data as of
- 06/2021
- EIN
- 81-0654619
Organization Overview
Castro Valley Arts Foundation is located in Castro Valley, CA. The organization was established in 2005. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Castro Valley Arts 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 06/2021, Castro Valley Arts Foundation generated $293.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.9% each year . All expenses for the organization totaled $48.4k during the year ending 06/2021. 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 PROVIDE OUR STUDENTS AND COMMUNITY WITH ARTISTIC EXPERIENCES THAT EDUCATE, ENRICH AND ENTERTAIN, BY SECURING RESOURCES FOR THE CASTRO VALLEY CENTER FOR THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GIFTED $23,125 TO THE CASTRO VALLEY UNIFIED SCHOOL DISTRICT TO HELP PAY FOR A PART TIME MANAGER FOR THE THEATER.
GRADUATING SENIORS FROM CVHS WHO HAVE BEEN INVOLVED IN THE MUSIC, DRAMA, CHOIR AND VISUAL ARTS DEPARTMENTS/PROGRAMS, AS WELL AS THE TECHNICAL CONTROLS (SOUND AND LIGHTING) OF THE THEATER ARE ELIGIBLE FOR SCHOLARSHIPS. UP TO SIX SCHOLARSHIPS ARE GIVEN EACH YEAR. THE SCHOLARSHIP COMMITTEE REVIEWS ALL APPLICATIONS AND SELECTS THE RECIPIENTS.
THIS FISCAL YEAR, NO SHOWS WERE PRESENTED AT THE PERFORMING ARTS CENTER, DUE TO THE ONGOING PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drue Mccarthy Vice President | OfficerTrustee | 2 | $0 |
Berenice Ku Sullivan Secretary | OfficerTrustee | 3 | $0 |
Mary Ann Degrazia President | OfficerTrustee | 15 | $0 |
Linda Fosdahl Treasurer | OfficerTrustee | 10 | $0 |
Terry Liebowitz Past President | Trustee | 20 | $0 |
Erma Smith Past President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,312 |
| Total Program Service Revenue | $0 |
| Investment income | $40,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $205,999 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,325 |
| Grants and other assistance to domestic individuals. | $2,500 |
| 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 | $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 | $20,291 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $325 |
| All other expenses | $37 |
| Total functional expenses | $48,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,178 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $4,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,253,778 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,562,956 |
| Accounts payable and accrued expenses | $1,058 |
| 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 | $1,058 |
| Net assets without donor restrictions | $178,119 |
| Net assets with donor restrictions | $2,383,779 |
| 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 | $2,562,956 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Castro Valley Arts Foundation has recieved totaling $209.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $209 |
Endowment Analysis
| Beg. Balance | $1,992,009 |
| Earnings | $33,984 |
| Ending Balance | $2,025,993 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Simon Art Foundation Pasadena, CA | $402,690,558 | $10,441,452 |
Reut Usa Woodland Hills, CA | $1,442,535 | $3,682,077 |
Laurie C Mcgrath Foundation San Diego, CA | $66,075,096 | $62,426,346 |
Armenian Educational Foundation Inc Glendale, CA | $5,680,253 | $2,130,869 |
William And Joanne Miller Charitable Trust Simi Valley, CA | $69,537,632 | $4,537,991 |
Latino Public Broadcasting Los Angeles, CA | $1,965,169 | $2,106,064 |
Hack The Hood Inc Oakland, CA | $1,558,755 | $1,730,354 |
Womans Club Of Hollywood Los Angeles, CA | $248,203 | $0 |
Diablo Regional Arts Association Walnut Creek, CA | $3,333,800 | $1,541,851 |
Jack Van Sickle Foundation Reno, NV | $9,650,730 | $1,661,273 |
Foundation Of Palm Springs Unified School District Palm Springs, CA | $3,246,098 | $1,243,965 |
Trichell Family Foundation Bakersfield, CA | $14,378,452 | $28,165 |