Nara Corporation
- Assets
- $1.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 36
- Location
- Berkeley, CA
- Founding
- Data as of
- 12/2022
- EIN
- 94-2435892
Organization Overview
Nara Corporation, operating under the name The Potters' Studio, is located in Berkeley, CA. As of 12/2022, Potters' Studio employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potters' Studio 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, Potters' Studio generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 49.2% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, NURTURE AND INSPIRE A DIVERSE COMMUNITY OF CERAMIC ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE POTTERS' STUDIO EDUCATES, NURTURES AND INSPIRES A DIVERSE COMMUNITY OF CERAMIC ARTISTS. WE PROVIDE EXCEPTIONAL EDUCATIONAL AND WORKSPACE OPTIONS FOR MEMBERS AND STUDENTS. IN 2022, WE SERVED 350 MEMBERS WITH 24/7 ACCESS TO OUR CUTTING EDGE STUDIO THAT OFFERS FIRING, TRAINING, GLAZE ROOM, EXHIBITIONS AND SALES, AS WELL AS THE SPACE AND TOOLS TO MAKE CERAMIC ART. WE ALSO OFFER 17 CLASSES EVERY EIGHT WEEKS FOR A RANGE OF SKILL LEVELS FROM BEGINNER TO ADVANCED. IN 2022 WE SERVED OVER 900 STUDENTS WITH CLASSES ON TOPICS RANGING FROM WHEEL THROWING, TO HAND BUILDING, TO SCULPTURE, TO COLLECTING WILD MATERIALS FOR CLAYS AND GLAZES. WE OFFER SCHOLARSHIPS FOR CLASSES AND MEMBERSHIPS FOR BIPOC AND LGBTQIA+ PEOPLE AND HIGHLY ENCOURAGE YOUNG PEOPLE, AGED 16-21 TO APPLY. WE ALSO INVITE ARTISTS FROM THE LOCAL AND NATIONWIDE CERAMICS COMMUNITIES TO TEACH WORKSHOPS FOR MEMBERS AND THE BROADER COMMUNITY, WITH 10 WORKSHOPS IN 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Rockmill President | OfficerTrustee | 10 | $0 |
Larry Cohen Treasurer | OfficerTrustee | 8 | $0 |
Elizabeth Grossman Director | Trustee | 5 | $0 |
Susan Meinke Secretary | OfficerTrustee | 10 | $0 |
Zoe Thorsland Director | Trustee | 5 | $0 |
Sandy Sherwin Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,625 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,410 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,035 |
| Total Program Service Revenue | $1,223,722 |
| Investment income | $3,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,856 |
| Net Gain/Loss on Asset Sales | $6,050 |
| Net Income from Fundraising Events | -$61 |
| Net Income from Gaming Activities | $5,260 |
| Net Income from Sales of Inventory | $24,823 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,417,861 |
| 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. | $110,349 |
| Compensation of current officers, directors, key employees. | $12,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $615,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,673 |
| Payroll taxes | $68,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,703 |
| Fees for services: Accounting | $43,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $647 |
| Fees for services: Other | $20,288 |
| Advertising and promotion | $2,685 |
| Office expenses | $55,959 |
| Information technology | $16,014 |
| Royalties | $0 |
| Occupancy | $228,198 |
| Travel | $275 |
| 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 | $16,451 |
| Insurance | $8,599 |
| All other expenses | $21,771 |
| Total functional expenses | $1,272,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $537,045 |
| Savings and temporary cash investments | $77,880 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,934 |
| 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 | $5,310 |
| Net Land, buildings, and equipment | $107,756 |
| Investments—publicly traded securities | $287,204 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $491,812 |
| Total assets | $1,549,941 |
| Accounts payable and accrued expenses | $49,347 |
| Grants payable | $0 |
| Deferred revenue | $112,494 |
| 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 | $606,496 |
| Total liabilities | $768,337 |
| Net assets without donor restrictions | $762,459 |
| Net assets with donor restrictions | $19,145 |
| 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 | $1,549,941 |