Civic Intelligence

San Francisco Arts Education Project

990 • Fiscal year 2016 • EIN 23-7092484

Sep 01, 2015 to Aug 31, 2016 • Filed on Jul 13, 2017

135 Van Ness AveSan Francisco, CA 94102

(415) 551-7990

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.14x

Higher debt load relative to assets than 55% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

35th percentile

0.05x

Higher debt load relative to revenue than 35% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

57th percentile

$76,355

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$491,585

No earlier filing loaded for comparison.

Net Assets

$424,234

No earlier filing loaded for comparison.

Liabilities

$67,351

No earlier filing loaded for comparison.

Revenue

$1,433,343

No earlier filing loaded for comparison.

Expenses

$1,207,364

No earlier filing loaded for comparison.

Net Income

$225,979

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2016: $491,585Liabilities 2016: $67,351Net Assets 2016: $424,2342016Assets 2017: $622,319Liabilities 2017: $108,171Net Assets 2017: $514,1482017Assets 2018: $794,157Liabilities 2018: $133,624Net Assets 2018: $660,5332018Assets 2019: $970,395Liabilities 2019: $172,582Net Assets 2019: $797,8132019Assets 2020: $1,218,225Liabilities 2020: $244,437Net Assets 2020: $973,7882020Assets 2021: $1,433,181Liabilities 2021: $324,315Net Assets 2021: $1,108,8662021Assets 2022: $1,842,166Liabilities 2022: $174,647Net Assets 2022: $1,667,5192022Assets 2023: $1,817,962Liabilities 2023: $316,838Net Assets 2023: $1,501,1242023Assets 2024: $1,671,947Liabilities 2024: $345,564Net Assets 2024: $1,326,3832024

Highlighted filing

2016

Assets$491,585
Liabilities$67,351
Net Assets$424,234

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,433,343Expenses 2016: $1,207,364Net Income 2016: $225,9792016Revenue 2017: $1,535,367Expenses 2017: $1,455,138Net Income 2017: $80,2292017Revenue 2018: $1,571,099Expenses 2018: $1,425,541Net Income 2018: $145,5582018Revenue 2019: $1,827,749Expenses 2019: $1,690,469Net Income 2019: $137,2802019Revenue 2020: $1,663,999Expenses 2020: $1,488,024Net Income 2020: $175,9752020Revenue 2021: $1,371,462Expenses 2021: $1,236,384Net Income 2021: $135,0782021Revenue 2022: $2,312,744Expenses 2022: $1,691,106Net Income 2022: $621,6382022Revenue 2023: $1,704,441Expenses 2023: $1,870,836Net Income 2023: -$166,3952023Revenue 2024: $1,757,776Expenses 2024: $1,932,517Net Income 2024: -$174,7412024

Highlighted filing

2016

Revenue$1,433,343
Expenses$1,207,364
Net Income$225,979
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jul 13, 2017
Return Version
2015v3.0
Gross Receipts
$1,433,343
Mission and Program Overview

Mission

The San Francisco Arts Education Project provides participatory experiences in the arts to the children of San Francisco so they are better equipped to make use of their creative abilities in all aspects of their lives.

Operating six school based arts programs assisting SF public schools in addressing state & local mandates. Over 15,000 children ages 5-18 participate in arts instruction programs at over 22 schools, summer camps, after school programs, exhibitions & performances.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$166,820$200,884▲ $34,064
Cash and Non-Interest-Bearing Accounts$36,854$110,235▲ $73,381
Accounts Receivable$91,415$108,046▲ $16,631
Land, Buildings, and Equipment, Net-$52,795-
Prepaid Expenses and Deferred Charges$14,655$13,467▼ $1,188
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$310,758$491,585▲ $180,827
Other Assets Total$1,014$6,158▲ $5,144
Liabilities
Deferred Revenue$1,545$46,519▲ $44,974
Unsecured Notes Loans Payable$30,732--
Other Liabilities$15,135$12,136▼ $2,999
Accounts Payable and Accrued Expenses$65,091$8,696▼ $56,395
Total Liabilities$112,503$67,351▼ $45,152
Net Assets / Fund Balance
Unrestricted Net Assets$132,470$336,442▲ $203,972
Permanently Rstr Net Assets$65,781$87,781▲ $22,000
Temporarily Rstr Net Assets$4$11▲ $7
Total Net Assets Fund Balance$198,255$424,234▲ $225,979
Total Liabilities and Net Assets / Fund Balance$310,758$491,585▲ $180,827

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$49,457$2,376$51,833
Equipment$3,338$19,466$22,804

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$65,785$22,000▲ $7-$87,792
2014-$65,781▲ $4-$65,785
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chad JonesExecutive DirectorFT$69,550$6,805$76,355
Tiersa NureyevArtist member-$23,440-$23,440

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$438,016
Program Service Revenue
$995,283
Investment Income
$44
Other Revenue
$0
All Other Contributions
$428,416
Change in Net Assets
$225,979

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,433,343
Revenue Not Reported on Form 990
$125
Total Revenue per Audited Statements
$1,433,468
Total Revenue per Form 990
$1,433,343
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$609,458
Salaries, Compensation, and Employee Benefits$597,906
Total Fundraising Expense$103,735
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$376,075$31,212$15,653$422,940
Fees for Services Other$369,767-$21,750$391,517
Current Officers, Directors, Trustees, and Key Employees$26,125$20,853$50,807$97,785
Office Expenses$87,220$4,427$4,879$96,526
Occupancy$56,245--$56,245
Payroll Taxes$33,326$3,242$4,751$41,319
Other Employee Benefits$32,842$2,611$409$35,862
Travel$11,229$1,339$1,025$13,593
Fees for Services Accounting-$13,000-$13,000
Insurance$7,434$1,280$1,503$10,217
Royalties$3,818--$3,818
Depreciation Depletion$2,376$198$402$2,976
Advertising$1,292-$1,005$2,297
Interest-$788-$788
Other Expenses$315$2,861$1,551$315
Total Functional Expenses$1,021,818$81,811$103,735$1,207,364

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,207,489
Expenses per Audited Statements$1,207,364
Total Expenses per Form 990$1,207,364
Expenses Not Reported on Form 990$125
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Tiersa NureyevBoard memberContract artistNo$26,125

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Samantha Beggs Memorial Scholarship Fnd$12,136
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Treasurer of the Board of Directors makes Form 990 available to all members of the governing body before it is filed. The Form 990 is reviewed by the Finance Committee of the governing body prior to being made accessible to the Board of Directors.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The President of the governing body is charged with the periodic review of compliance. All members of the governing body are instructed to provide the President with a revised conflict of interest form if there is a change in their status. All members of the governing body are mandated to update their written conflict of interest form no less than once a year.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The President of the governing body is charged with the review and approval of all compensation and acts in concert with the Finance Committee who reviews annual budgets prior to their submittal and approval by the full governing body. Compensation is part of the annual budgeting process.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The President of the governing body is charged with the review and approval of all compensation and acts in concert with the Finance Committee who reviews annual budgets prior to their submittal and approval by the full governing body. Compensation is part of the annual budgeting process.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, conflict of interest policy and financial statements are made available to the public on request.

Filing and Contact Details

Filer

Filer Name
San Francisco Arts Education Project
EIN
23-7092484
Phone
4155517990
Address
135 Van Ness Ave, San Francisco, CA 94102

Signing Officer

Name
Chad Jones
Title
Executive Director
Signed
2017-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Jones
Formed
1970
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
12
Employees
40

Preparer

Firm
Crosby & Kaneda CPAs
Address
1970 Broadway STE 930, Oakland, CA 94612
Preparer
Adele Kaneda
Phone
5108352727
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

SFARTSED opened an additional and new facility in San Francisco to accommodate the new visual arts program. The facility houses the organization's classroom and gallery space along with a general office area.

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: ExCEL Based Programs - In one San Francisco public school, after school programs served over 300 children and youth; AnD Program served over 50 youth. Visual Arts - A new program using leased facility which was utilized to serve 25 youth in the classroom and displaying works of both the artist instructors and their students in the gallery space. OTHER PROGRAM SERVICES 5: OTHER PROGRAM SERVICES 6: OTHER PROGRAM SERVICES 7:

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The PAE is a donor restricted fund held by the Organization. As specified by the donor, the Organization relies on a total return strategy in which investment returns are available on an annual basis to support the Players program. Currently the PAE is invested in a conservative money market portfolio until the Board votes on an investment strategy.

Part X : FIN48 Footnote

The Organization has evaluated its current tax positions as of August 31, 2016 and is not aware of any significant uncertain tax positions for which a reserve would be necessary.

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