Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
EIN 01-0605409 • 501(c)3 • Gold River, CA
Profile
Hemispheres Arts Academy is a non-profit organization dedicated to provide funds for visual & performing arts instruction for school age children in the greater Sacramento region.Hemispheres Arts Academy exists as a grant funding organization partnering with other non-profits and school districts who are committed to proving programs which allow children to have an educational experience infused by the magic and creativity of the visual and performing arts.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on the latest valid filing.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
9th percentile
Faster asset growth than 9% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Assets
Down$0
Down $103,886 (-100%) from 2017
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$0
Down $103,886 (-100%) from 2017
Revenue
Down$0
Down $33 (-100%) from 2017
Expenses
Down$3,886
Down $21,568 (-85%) from 2017
Net Income
Up-$3,886
Up $21,535 (+85%) from 2017
Most recent year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
Hemispheres Arts Academy is a non-profit organization dedicated to provide funds for visual & performing arts instruction for school age children in the greater Sacramento region.Hemispheres Arts Academy exists as a grant funding organization partnering with other non-profits and school districts who are committed to proving programs which allow children to have an educational experience infused by the magic and creativity of the visual and performing arts.
| Description | Grants | Expenses |
|---|---|---|
| Due to a significant decrease in grants, gifts, contributions and other funding, Hemispheres was forced to suspend art instruction program activities during the Summer and Fall of 2004 until volunteer fundraising could produce enough income to support those art instruction programs, as well as minimal operating expenses.The organization has since held highly successful fundraising events known as Roast for the Arts. These events have provided funds allowing the organization to begin making grants to other local non-profit organizations supporting their art education programs for children. Those grants totaled $100,000 for FYE 2017, which was comprised of a single grant, which liquidated the organizations assets.The organization has made a liquidating distribution/contribution to another local 501(c)(3) organization (MEP Career Pathway Academies), for the purpose of supporting that entities efforts to continue supporting art education. | - | $100,000 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Robert K Fong | CEO | - | $0 | - | - |
| Lisa Nava | Secretary | - | $0 | - | - |
| Catherine Ann Miller | Treasurer | - | $0 | - | - |
| Julius Cherry | Director | - | $0 | - | - |
| Paul Petrovich | Director | - | $0 | - | - |
| Ken Leonardini | Director | - | $0 | - | - |
“California Filing Fee, 2016 $25”
“California Filing Fee, 2017 $10”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -100000 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 35 |
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| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Hemispheres Arts Academy is a non-profit organization dedicated to provide funds for visual & performing arts instruction for school age children in the greater Sacramento region.Hemispheres Arts Academy exists as a grant funding organization partnering with other non-profits and school districts who are committed to proving programs which allow children to have an educational experience infused by the magic and creativity of the visual and performing arts. |
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| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
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| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
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| IRS990EZ/TotalExpensesAmt | 0 | 3886 |
| IRS990EZ/TotalRevenueAmt | 0 | 0 |
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| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
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| IRS990ScheduleN/LiabilitiesPaidInd | 0 | true |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 0 | 2018-06-24 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 0 | 813889672 |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1 |
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| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
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| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
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| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9166088166 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Larry Massey CPA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2018-10-07T15:56:11-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-12-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-11-30 |
| ReturnHeader/TaxYr | 0 | 2017 |
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