Palos Verdes Art Center Beverly G Alpay Center For Arts Education
- Assets
- $13.3m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 36
- Location
- Rancho Palos Verdes, CA
- Founding
- 03/1964
- Data as of
- 06/2021
- EIN
- 95-2270012
Organization Overview
Palos Verdes Art Center Beverly G Alpay Center For Arts Education is located in Rancho Palos Verdes, CA. The organization was established in 1964. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Palos Verdes Art Center Beverly G Alpay Center For Arts Education employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palos Verdes Art Center Beverly G Alpay Center For Arts Education 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, Palos Verdes Art Center Beverly G Alpay Center For Arts Education generated $3.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.9m 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
PALOS VERDES ART CENTER BEVERLY G. ALPAY CENTER FOR ARTS EDUCATION("PVAC") IS DEDICATED TO EDUCATING, ENRICHING AND BUILDING COMMUNITY THROUGH EQUAL AND INCLUSIVE ACCESS TO THE VISUAL ARTS. LOCATED AT THE SOUTHERNMOST TIP OF LOS ANGELES COUNTY, WE STRIVE TO BE A CATALYST FOR THE ADVANCEMENT OF LA ART, CULTURE, AND ITS GLOBAL IMPACT. FOUNDED IN 1931, PVAC CONTINUES TO MAKE ART ACCESSIBLE THROUGH FREE EXHIBITIONS, AFFORDABLE CLASSES IN ALL MEDIA, SCHOLARSHIPS, ELEMENTARY SCHOOL-BASED ART EDUCATION AND ARTIST RESIDENCIES, SPECIAL EDUCATION FOR LOW INCOME AND AT-RISK YOUTH, OUTREACH PARTNERSHIPS IN THE COMMUNITY, AND SUPPORT FOR OUR ARTIST GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PVAC PRESENTS DIVERSE ART AND CULTURAL EXHIBITIONS, FOUR QUARTERS OF VISUAL ART AND RELATED CLASSES, AND SPECIAL EVENTS, LECTURES AND PROGRAMS PRIMARILY AT ITS THREE-BUILDING, TWO-ACRE SITE WITH ATTENDENCE IN EXCESS OF 65,000. PVAC ALSO SPONSORED OR HOSTED OUTREACH PROGRAMS FOR ADULTS AND SPECIAL PROGRAMS FOR PERSONS WITH DISABILITIES, INCLUDING YOUNG PEOPLE AND SENIORS. ACTIVITIES ARE OPEN TO THE PUBLIC AND MOST ARE FREE OR OFFERED AT A MODERATE FEE TO OFFSET EXPENSES.FOLLOWING THE COVID-19 RELATED MANDATED LOCK-DOWN, ALL EXHIBITION AND EDUCATIONAL PROGRAMMING WAS MOVED ONLINE AND CONTINUES UNTIL THE PANDEMIC RELATED RESTRICTIONS ARE LIFTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniela Saxa-Kaneko Coordinator/exec. Dir. | OfficerTrustee | 40 | $104,657 |
Jeffrey D Stellges Raffle Manager/facilities | 40 | $102,049 | |
Don Crocker Chairman Of The Board | OfficerTrustee | 2 | $0 |
Allen Lay Treasurer | OfficerTrustee | 5 | $0 |
Linda Grimes President (term End 9/20) | OfficerTrustee | 5 | $0 |
Ann Buxton Board Member/pres. (transition 9/20) | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $76,115 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $188,552 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,452,767 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,717,434 |
| Total Program Service Revenue | $58,126 |
| Investment income | $98,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $120 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $1,382,880 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,276,313 |
| 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. | $109,919 |
| Compensation of current officers, directors, key employees. | $55,641 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $641,539 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $101,536 |
| Payroll taxes | $57,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,157 |
| Advertising and promotion | $24,557 |
| Office expenses | $179,524 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,272 |
| Travel | $349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,683 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $225,871 |
| Insurance | $35,588 |
| All other expenses | $48,010 |
| Total functional expenses | $1,860,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,938,659 |
| Savings and temporary cash investments | $398,022 |
| Pledges and grants receivable | $99,300 |
| Accounts receivable, net | $657 |
| 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 | $21,435 |
| Net Land, buildings, and equipment | $4,387,755 |
| Investments—publicly traded securities | $5,267,738 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $196,981 |
| Total assets | $13,310,547 |
| Accounts payable and accrued expenses | $711,923 |
| Grants payable | $0 |
| Deferred revenue | $112,500 |
| 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 | $250,000 |
| Unsecured mortgages and notes payable | $198,611 |
| Other liabilities | $0 |
| Total liabilities | $1,273,034 |
| Net assets without donor restrictions | $11,461,219 |
| Net assets with donor restrictions | $576,294 |
| 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 | $13,310,547 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Palos Verdes Art Center Beverly G Alpay Center For Arts Education has recieved totaling $1,005,000.
| Awarding Organization | Amount |
|---|---|
California Community Foundation Los Angeles, CA PURPOSE: ARTS | $1,000,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,000 |
Endowment Analysis
| Beg. Balance | $4,670,522 |
| Earnings | $1,182,861 |
| Net Contributions | $500,713 |
| Other Expense | $749,128 |
| Ending Balance | $5,604,968 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scottsdale Cultural Council Scottsdale, AZ | $11,025,722 | $9,457,681 |
Regional Arts & Culture Council Portland, OR | $19,063,213 | $7,551,679 |
Public Corporation For The Arts Of The City Of Long Beach Long Beach, CA | $1,457,547 | $3,278,156 |
Silicon Valley Creates San Jose, CA | $3,422,422 | $3,649,409 |
Arts Foundation For Tucson And Southern Arizona Tucson, AZ | $962,823 | $2,764,591 |
Oregon Council For The Humanities Portland, OR | $2,576,725 | $2,357,647 |
Arts Council Santa Cruz County Santa Cruz, CA | $3,610,381 | $2,573,468 |
Fresno Arts Council Inc Fresno, CA | $1,695,562 | $2,423,819 |
Palos Verdes Art Center Beverly G Alpay Center For Arts Education Rancho Palos Verdes, CA | $13,310,547 | $3,276,313 |
Arts Council For Monterey County Monterey, CA | $1,257,748 | $1,850,985 |
Fulcrum Arts Pasadena, CA | $1,056,280 | $1,532,362 |
Central Valley Center For The Arts Inc Modesto, CA | $26,162,154 | $1,107,671 |