Montalvo Association
- Assets
- $34.3m
- Revenue
- $7.5m
- Investments
- $3.4m
- Employees
- 59
- Location
- Saratoga, CA
- Founding
- 05/1955
- Data as of
- 09/2021
- EIN
- 94-1249283
Organization Overview
Montalvo Association is located in Saratoga, CA. The organization was established in 1955. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Montalvo Association employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montalvo Association 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 09/2021, Montalvo Association generated $7.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $4.2m during the year ending 09/2021. 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 FOSTER COMMUNITY ENGAGEMENT THROUGH THE CREATION AND PRESENTATION OF MULTIDISCIPLINARY ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALLY AND DON LUCAS ARTIST RESIDENCY PROGRAM THE LUCAS ARTISTS PROGRAM OFFERS SELECTED ARTISTS PRIVATE HOUSING IN ONE OF THE 10 DISCIPLINE-SPECIFIC LIVE/WORK STUDIOS, A PROFESSIONAL STAFF THAT IS SUPPORTIVE OF THE CREATIVE PROCESS, AND AN ENVIRONMENT CONDUCIVE TO BOTH INDIVIDUAL PRACTICE AND THE ENERGETIC EXCHANGE OF IDEAS AMONG INTERNATIONAL AND CULTURALLY DIVERSE FELLOWS. THE RESIDENCY PROGRAM HAS EARNED INTERNATIONAL RECOGNITION AS A MODEL OF CURATORIAL PRACTICE, SUPPORTING NEW AND CHALLENGING CONTEMPORARY WORK.
HISTORIC VILLA AND EXTANT BUILDINGS ANCHORED BY THE HISTORIC VILLA MONTALVO AND THE LUCAS RESIDENCY PROGRAM COMPOUND OF STUDIOS, THE COMPLEX ALSO INCLUDES NEW AND HISTORIC BUILDINGS ON ITS GROUNDS. GARDENS AND GROUNDS THE ESTATE'S 175-ACRE GROUNDS INCLUDE THE FORMAL ITALIANATE GARDEN, THE HISTORIC CACTUS GARDEN, THE OVAL GARDEN, THE LOVE TEMPLE, THE BELVEDERE TEMPLE, AND MORE THAN 5 MILES OF HIKING TRAILS.
PERFORMING ARTS SERIES THE LIVELY PERFORMING ARTS PROGRAM CONSISTS OF MORE THAN 45 MUSIC CONCERTS AND THEATRICAL PERFORMANCES PRESENTED IN THE 1200-SEAT GARDEN THEATRE, THE INTIMATE 300-SEAT CARRIAGE HOUSE THEATRE, THE GRAND HALL OF THE VILLA AND THROUGHOUT THE GROUNDS. MONTALVO ALSO PRESENTS STUDENT PERFORMING ARTS PROGRAMS (PASS) IN THE CARRIAGE HOUSE THEATRE THROUGHOUT THE SCHOOL YEAR.
OTHER PROGRAM EXPENSES CONSIST OF EDUCATION, OUTREACH, AND FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Mcconnell Executive Director | Trustee | 40 | $280,341 |
Kelly Hudson Managing Director | Trustee | 40 | $160,864 |
Kelly Sicat Director, Artists Residency | Trustee | 40 | $104,846 |
Lee Ann Payne Director Of Finance | Trustee | 40 | $101,616 |
Tom Tiernan Board Treasurer | OfficerTrustee | 5 | $0 |
Cathie Thermond Board Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carla Befera & Company Promotion | 9/29/19 | $151,676 |
Tessiture Network Inc Software And Implementation | 9/29/19 | $220,196 |
Bruce Munro Studio Art Installation | 9/29/19 | $347,564 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,679 |
| Related organizations | $0 |
| Government grants | $714,998 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,726,044 |
| Noncash contributions included in lines 1a–1f | $225,527 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,447,721 |
| Total Program Service Revenue | $204,166 |
| Investment income | $795,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $646,540 |
| Net Gain/Loss on Asset Sales | $324,349 |
| Net Income from Fundraising Events | $61,882 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $903 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,481,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $644,085 |
| Compensation of current officers, directors, key employees. | $309,928 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,334,132 |
| Pension plan accruals and contributions | $32,480 |
| Other employee benefits | $284,037 |
| Payroll taxes | $135,627 |
| Fees for services: Management | $8,850 |
| Fees for services: Legal | $315 |
| Fees for services: Accounting | $51,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,206 |
| Fees for services: Other | $105,443 |
| Advertising and promotion | $39,045 |
| Office expenses | $32,104 |
| Information technology | $47,379 |
| Royalties | $0 |
| Occupancy | $17,152 |
| Travel | $441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,952 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $720,796 |
| Insurance | $95,328 |
| All other expenses | $0 |
| Total functional expenses | $4,237,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,071 |
| Savings and temporary cash investments | $3,467,646 |
| Pledges and grants receivable | $597,020 |
| Accounts receivable, net | $59,531 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,446 |
| Prepaid expenses and deferred charges | $168,243 |
| Net Land, buildings, and equipment | $7,351,478 |
| Investments—publicly traded securities | $19,190,620 |
| Investments—other securities | $3,376,761 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,000 |
| Total assets | $34,273,816 |
| Accounts payable and accrued expenses | $472,359 |
| Grants payable | $0 |
| Deferred revenue | $1,369,356 |
| 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 | $701,481 |
| Total liabilities | $2,543,196 |
| Net assets without donor restrictions | $8,347,772 |
| Net assets with donor restrictions | $23,382,848 |
| 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 | $34,273,816 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Montalvo Association has recieved totaling $289,511.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $190,472 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $50,041 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $34,600 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,398 |
Endowment Analysis
| Beg. Balance | $16,940,237 |
| Earnings | $3,483,721 |
| Other Expense | $650,000 |
| Ending Balance | $19,773,958 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Society For The Promotion Of Japanese Animation Santa Ana, CA | $0 | $15,922,386 |
Haven Gallery Pomona, CA | $12,441,851 | $10,866,207 |
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Maui Arts & Cultural Center Kahului, HI | $31,390,294 | $9,713,031 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |
Gray Area Foundation For The Arts San Francisco, CA | $1,951,369 | $4,455,887 |