Bay Area Creative Foundation
- Assets
- $177.5k
- Revenue
- $602.4k
- Investments
- $0.0
- Employees
- 4
- Location
- San Rafael, CA
- Founding
- Data as of
- 06/2024
- EIN
- 83-3568849
Organization Overview
Bay Area Creative Foundation is located in San Rafael, CA. 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 06/2024, Bay Area Creative Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area Creative 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 06/2024, Bay Area Creative Foundation generated $602.4k in total revenue. All expenses for the organization totaled $705.2k during the year ending 06/2024. While expenses have increased by 23.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE BAY AREA CREATIVE FOUNDATION CELEBRATES, CULTIVATES, AND INSPIRES CREATIVITY IN YOUTH AND YOUNG ADULTS. WE BELIEVE IN FOSTERING A SOCIETY THAT EMBODIES CREATIVE SPIRIT, ART, AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE FISCAL YEAR ENDING 2024, THROUGH THE BACFS FREE SOLE PROGRAM, THE CREATIVE YOUTH AWARDS,OVER $109,000 IN CASH AWARDS WERE DISTRIBUTED TO 592 HIGH-SCHOOL AGED ARTISTS FROM ACROSS 9 BAY AREA COUNTIES. IN ADDITION, ALL 1,870 SUBMITTING ARTISTS ARE SHOWCASED IN OUR ONLINE CREATIVE GALLERY AND RECEIVED FREE YEAR-LONG MEMBERSHIPS TO THE ONLINE LEARNING PLATFORM MASTERCLASS TO FURTHER THEIR ARTISTIC ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lani Rovzar Secretary/ed | Officer | 40 | $137,725 |
Emil Kakkis President | OfficerTrustee | 5 | $0 |
John Ditton Treasurer | OfficerTrustee | 10 | $0 |
Tishan Cowan 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 | $601,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $601,365 |
| 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 | $602,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $124,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,585 |
| Compensation of current officers, directors, key employees. | $62,234 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,587 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,287 |
| Payroll taxes | $22,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,625 |
| Fees for services: Accounting | $8,899 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,131 |
| Advertising and promotion | $3,943 |
| Office expenses | $1,798 |
| Information technology | $29,922 |
| Royalties | $0 |
| Occupancy | $11,656 |
| Travel | $2,046 |
| 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 | $4,195 |
| All other expenses | $4,873 |
| Total functional expenses | $705,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,520 |
| 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 | $177,520 |
| Accounts payable and accrued expenses | $11,520 |
| 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 | $11,520 |
| Net assets without donor restrictions | $166,000 |
| 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 | $177,520 |