Palo Alto Art Center Foundation
- Assets
- $1.1m
- Revenue
- $979.6k
- Investments
- $217.1k
- Employees
- 9
- Location
- Palo Alto, CA
- Founding
- 04/1977
- Data as of
- 06/2021
- EIN
- 94-2382459
Organization Overview
Palo Alto Art Center Foundation is located in Palo Alto, CA. The organization was established in 1977. 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 06/2021, Palo Alto Art Center Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palo Alto Art Center 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, Palo Alto Art Center Foundation generated $979.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $739.0k 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
EXPAND THE REACH AND IMPACT OF THE PALO ALTO ART CENTER THROUGH FUNDRAISING AND ADVOCACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT SUPPORT OF THE PALO ALTO ART CENTER: THE PAACF ACHIEVES ITS PRIMARY MISSION BY DIRECTLY SUPPORTING THE PROGRAMS AND GOALS OF THE PALO ALTO ART CENTER. THIS DIRECT SUPPORT COVERS FIVE PROGRAM AREAS: CHILDREN'S FINE ART, ADULT STUDIO CLASSES, EXHIBITIONS, PROJECT LOOK! (AN INQUIRY BASED MUSEUM EDUCATION PROGRAM FOR SCHOOL CHILDREN FROM THROUGHOUT THE REGION), AND THE ART CENTER'S VOLUNTEER PROGRAM
EVENTS, INCLUDING GREAT GLASS PUMPKIN PATCH, A COLLABORATION WITH THE BAY AREA GLASS INSTITUTE, IS A UNIQUE PROGRAM THAT SERVES GLASS ARTISTS FROM THROUGHOUT THE REGION. A FOUR-DAY EXHIBITION OF THOUSANDS OF GLASS PUMPKINS SERVES AS THE BASIS FOR PROJECT LOOK! TOURS FOR LOCAL SCHOOL CHILDREN, AND A TWO-DAY SALE GENERATES SUBSTANTIAL REVENUE FOR THE ARTISTS INVOLVED AND BOTH PARTNER ORGANIZATIONS. THIS ACTIVITY WAS SUSPENDED DURING THE PANDEMIC.
1. CULTURAL KALEIDOSCOPE IS AN ARTS EDUCATION PROGRAM THAT PAIRS ARTISTS WITH K-5 CLASSROOMS IN PALO ALTO UNIFIED SCHOOL DISTRICT AND EAST PALO ALTO'S RAVENSWOOD SCHOOL DISTRICT. THERE ARE TEN RESIDENCIES EACH YEAR, EACH OF WHICH PAIRS A VISUAL ARTIST WITH A CLASSROOM FROM EACH DISTRICT, THEREBY ENCOURAGING COLLABORATIVE ART MAKING BETWEEN STUDENTS FROM TWO NEIGHBORING COMMUNITIES THAT HAVE SIGNIFICANT DISPARITIES IN CULTURAL AND ECONOMIC MAKEUP. THE PROGRAM CULMINATES IN A PUBLIC EXHIBITION OF STUDENT ARTWORK AT THE PALO ALTO ART CENTER. 2. THE STUDIO SALE SERVES A UNIQUE AND HIGHLY DISTINGUISHED GROUP OF ARTISTS WORKING IN A RANGE OF DISCIPLINES, INCLUDING JEWELRY DESIGN, CERAMICS AND TEXTILES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Kwan Director Of Development | 40 | $115,500 | |
Sue Chan Director, VP | OfficerTrustee | 4 | $0 |
Nidhi Gupta Director,president | OfficerTrustee | 6 | $0 |
Teresa Lunt Director, Secretary | OfficerTrustee | 4 | $0 |
Jason Stork Director/treasurer | OfficerTrustee | 4 | $0 |
Nilufar Haque Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $146,135 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $805,921 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $952,056 |
| Total Program Service Revenue | $20,522 |
| Investment income | $6,972 |
| 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 | $979,550 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,604 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,129 |
| Payroll taxes | $18,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,210 |
| Fees for services: Accounting | $24,623 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,394 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $182,363 |
| Advertising and promotion | $755 |
| 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 | $1,975 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,193 |
| Insurance | $3,817 |
| All other expenses | -$24,744 |
| Total functional expenses | $738,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127 |
| Savings and temporary cash investments | $903,806 |
| 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 | $8,980 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $217,104 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,130,017 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $948,233 |
| Net assets with donor restrictions | $181,784 |
| 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 | $1,130,017 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Palo Alto Art Center Foundation has recieved totaling $313,051.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $89,600 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $54,917 |
The Palo Alto Community Fund Palo Alto, CA PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $40,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $33,915 |
California Humanities Oakland, CA PURPOSE: CORE PROGRAMS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jserra Catholic High School San Juan Capistrano, CA | $110,381,982 | $32,636,304 |
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 |