Pacific Bridge Arts Foundation
- Assets
- $365.9k
- Revenue
- $320.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 83-2225518
Organization Overview
Pacific Bridge Arts Foundation is located in Sacramento, CA. The organization was established in 2018. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Bridge 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 12/2022, Pacific Bridge Arts Foundation generated $320.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $77.8k 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
THE FOUNDATION WORKS THROUGHOUT THE YEAR TO PROVIDE EDUCATIONAL ARTS AND CULTURE WORKSHOPS, MENTORSHIP FOR RISING COMMUNITY LEADERS, GRANTS FOR INDEPENDENT ARTISTS, AND AWARD HONOREE CEREMONY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OTHER ACHIEVEMENTS
MUSICAL ARTS AND GRAMMY CAMP SCHOLARSHIP THIS SCHOLARSHIP PROVIDES RESOURCES TO ASPIRING AANHPI TALENTS TO BREAK INTO THE MUSIC INDUSTRY WITH MENTORSHIP, NETWORK, AND FINANCIAL SUPPORT. OPEN TO STUDENTS OF AANHPI DESCENT PURSUING A DEGREE IN THE MUSIC ARTS, SUCH AS: AUDIO ENGINEERING, INDEPENDENT INDEPENDENT ARTIST, INSTRUMENTAL PERFORMANCE, AND MUSICAL PERFORMANCE. ALSO AWARDED ARE A LIMITED NUMBER OF FULL TUITION SCHOLARSHIPS TO THE GRAMMY MUSEUM DISTINGUISHED GRAMMY CAMP PROGRAM TO STUDENTS OF AANHPI DESCENT.
IDENTITY LIVE STREAM, APAHM CELEBRATION A SPECIAL VIRTUAL LIVE STREAM CELEBRATION FOR ASIAN AMERICAN PACIFIC HERITAGE MONTH. ENJOY LIVE PERFORMANCES & SPECIAL GUESTS IN SUPPORT OF OF RAISING FUNDS & AWARENESS FOR GOOD CAUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Nishimura Chairman | Trustee | 5 | $0 |
James Roh Director | Trustee | 5 | $0 |
Ron Chiu Director | Trustee | 5 | $0 |
Regina Yoon Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $320,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $320,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,000 |
| 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 | $0 |
| Fees for services: Other | $40,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,322 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $1,250 |
| 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 | $1,250 |
| All other expenses | $0 |
| Total functional expenses | $77,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,924 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $365,924 |
| Accounts payable and accrued expenses | $10,000 |
| 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 | $10,000 |
| Net assets without donor restrictions | $355,924 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $365,924 |