Horizon Art Foundation
- Assets
- $36.6k
- Revenue
- $268.2k
- Investments
- $0.0
- Employees
- 0
- Location
- San Marino, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-3067596
Organization Overview
Horizon Art Foundation is located in San Marino, CA. According to its NTEE Classification (A31) the organization is classified as: Film & Video, 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. Horizon Art 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, Horizon Art Foundation generated $268.2k in total revenue. All expenses for the organization totaled $252.4k during the year ending 12/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RESIDENCY OPPORTUNITIES FOR FOUR EMERGING ARTISTS LAURIE KANG SARA CWYNAR PHILLIP GABRIEL AND ILANA SAVDIE. EACH ARTIST WAS ABLE TO STAY 2-3 MONTHS IN LOS ANGELES AND FOCUS ON PRODUCING ARTWORK INSPIRED BY THE CITY AND THE STUDIO SPACE HORIZON ART FOUNDATION PROVIDED. TWO OF THE ARTISTS HAVE WILL BE SHOWING THE ART THEY PRODUCED DURING THEIR RESIDENCY IN UPCOMING SHOWS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zhongyuan Li President | 5 | $0 | |
Yaoyuan Hu Vice President | 0 | $0 | |
Mei Xue Secretary Executive Director | 40 | $70,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $268,198 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $268,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $79,993 |
| Travel, conferences, and meetings | $20,215 |
| Printing and publications | $1,614 |
| Other expenses | $5,566 |
| Total operating and administrative expenses | $252,440 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $252,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,723 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,835 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $36,558 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |