Civic Intelligence

Pacific Arts Movement

990 • Fiscal year 2017 • EIN 33-1001523

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 15, 2018

2508 HISTORIC DECATUR ROAD Room 140San Diego, CA 92106

(619) 400-5911

Siviq Scores

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

Liabilities / Assets

51st percentile

0.04x

Higher debt load relative to assets than 51% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.03x

Higher debt load relative to revenue than 49% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

89th percentile

$105,851

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 15.8% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

22nd percentile

-5.6%

Faster asset growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

56th percentile

8.1%

Faster revenue growth than 56% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$557,961

Down $32,917 (-5.6%) from 2016

Net Assets

Down

$536,653

Down $19,265 (-3.5%) from 2016

Liabilities

Down

$21,308

Down $13,652 (-39%) from 2016

Revenue

Up

$670,924

Up $50,108 (+8.1%) from 2016

Expenses

Up

$809,418

Up $89,839 (+12%) from 2016

Net Income

Down

-$138,494

Down $39,731 (-40%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2012: $488,917Liabilities 2012: $86,586Net Assets 2012: $402,3312012Assets 2014: $576,850Liabilities 2014: $32,938Net Assets 2014: $543,9122014Assets 2015: $662,852Liabilities 2015: $8,171Net Assets 2015: $654,6812015Assets 2016: $590,878Liabilities 2016: $34,960Net Assets 2016: $555,9182016Assets 2017: $557,961Liabilities 2017: $21,308Net Assets 2017: $536,6532017Assets 2018: $487,027Liabilities 2018: $15,490Net Assets 2018: $471,5372018Assets 2019: $310,504Liabilities 2019: $78,474Net Assets 2019: $232,0302019Assets 2020: $333,105Liabilities 2020: $34,178Net Assets 2020: $298,9272020Assets 2022: $375,200Liabilities 2022: $210,188Net Assets 2022: $165,0122022Assets 2024: $631,791Liabilities 2024: $269,402Net Assets 2024: $362,3892024

Highlighted filing

2017

Assets$557,961
Liabilities$21,308
Net Assets$536,653

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $770,0622012Revenue 2014: $846,082Expenses 2014: $809,068Net Income 2014: $37,0142014Revenue 2015: $823,793Expenses 2015: $713,024Net Income 2015: $110,7692015Revenue 2016: $620,816Expenses 2016: $719,579Net Income 2016: -$98,7632016Revenue 2017: $670,924Expenses 2017: $809,418Net Income 2017: -$138,4942017Revenue 2018: $859,683Expenses 2018: $922,861Net Income 2018: -$63,1782018Revenue 2019: $771,885Expenses 2019: $1,011,392Net Income 2019: -$239,5072019Revenue 2020: $751,641Expenses 2020: $684,744Net Income 2020: $66,8972020Revenue 2022: $802,391Expenses 2022: $956,043Net Income 2022: -$153,6522022Revenue 2024: $1,473,054Expenses 2024: $1,463,614Net Income 2024: $9,4402024

Highlighted filing

2017

Revenue$670,924
Expenses$809,418
Net Income-$138,494
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 15, 2018
Return Version
2017v2.3
Gross Receipts
$700,699
Mission and Program Overview

Mission

Our mission is to connect audiences with the human experience through the pan asian media arts.

Our mission is to connect audiences with the human experience through Pan Asian media arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$31,110$229,668▲ $198,558
Cash and Non-Interest-Bearing Accounts$408,902$176,474▼ $232,428
Savings and Temporary Cash Investments$99,134$100,546▲ $1,412
Investments in Publicly Traded Securities$44,369$46,598▲ $2,229
Land, Buildings, and Equipment, Net$912--
Prepaid Expenses and Deferred Charges$1,939$163▼ $1,776
Total Assets$590,878$557,961▼ $32,917
Other Assets Total$4,512$4,512→ $0
Liabilities
Accounts Payable and Accrued Expenses$29,612$15,952▼ $13,660
Other Liabilities$5,348$5,356▲ $8
Total Liabilities$34,960$21,308▼ $13,652
Net Assets / Fund Balance
Unrestricted Net Assets$555,918$536,653▼ $19,265
Total Net Assets Fund Balance$555,918$536,653▼ $19,265
Total Liabilities and Net Assets / Fund Balance$590,878$557,961▼ $32,917

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$69,940$69,940
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kent LeeExecutive DirectorFT$104,000$1,851$105,851

Board Members and Trustees

NameTitle
Stephen ChinChairman
Deb HallVice Chair
Brian SunDirector
Gary WongDirector
Huy LyDirector
Kathy IlacquaDirector
Kevin KwonDirector
Leon WuDirector
Miranda KoDirector
Mitchell ReffDirector
Steve LukasDirector
Wendy GillespieDirector
Paul BergmanSecretary
Harlen BayhaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$288,784
Program Service Revenue
$326,570
Investment Income
$1,445
Other Revenue
$54,125
All Other Contributions
$82,076
Change in Net Assets
$-138,494

Audited Revenue Reconciliation

Revenue per Audited Statements
$670,924
Revenue Not Reported on Form 990
$2,229
Total Revenue per Audited Statements
$673,153
Total Revenue per Form 990
$670,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$451,081
Salaries, Compensation, and Employee Benefits$350,263
Total Fundraising Expense$106,242
Grants and Similar Amounts Paid$8,074
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$147,750$34,188$21,875$203,813
Occupancy$93,577$11,931$10,985$116,493
Fees for Services Other$109,330-$5,230$114,560
Current Officers, Directors, Trustees, and Key Employees-$52,000$52,000$104,000
Travel$34,442--$34,442
Other Expenses$26,303$192$788$27,283
Payroll Taxes$11,303$6,593$5,652$23,548
Advertising$22,633--$22,633
Fees for Services Accounting-$19,450-$19,450
All Other Expenses$8,473$3,349$2,421$14,243
Other Employee Benefits$5,714$3,334$2,857$11,905
Office Expenses$8,742$2,973-$11,715
Insurance$9,037$1,281-$10,318
Grants to Domestic Individuals$8,074--$8,074
Interest$6,441-$1,603$8,044
Pension Plan Contributions$3,359$1,959$1,679$6,997
Conferences and Meetings$1,473--$1,473
Depreciation Depletion-$912-$912
Total Functional Expenses$559,791$143,385$106,242$809,418

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$809,418
Total Expenses per Audited Statements$809,418
Total Expenses per Form 990$809,418
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$83,900
Fundraising Direct Expenses$29,775
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$83,900$83,900-$83,900
Total Events$83,900$83,900$29,775$54,125
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$4,273
Accrued Wages and Payroll Taxes$1,083
Accrued Rent-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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, Section B, Line 11B

All Board Members are advised that this information return has been prepared and is available for review prior to filing.

Form 990, Part VI, Section B, Line 12C

Board Members are asked annually at the Board meeting regarding conflicts of interest and at the annual retreat.

Form 990, Part VI, Section B, Line 15A

The Board of Directors forms and Executive Committee on an annual basis to advise the Board of the CEOs compensation.

Form 990, Part VI, Section C, Line 19C

All governing documents are available to the public upon request are are available for inspection during normal working hours.

Filing and Contact Details

Filer

Filer Name
Pacific Arts Movement
EIN
33-1001523
Phone
6194005911
Address
2508 HISTORIC DECATUR ROAD Room 140, San Diego, CA 92106

Signing Officer

Name
Kent Lee
Title
Executive Director
Signed
2018-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent Lee
Formed
2002
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
8
Volunteers
300

Preparer

Firm
Munger & Company CPAs
Address
2170 S El Camino Real Ste 213, Oceanside, CA 92054
Preparer
Roland W Munger
Phone
7607308020
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

We fulfill our mission by presenting unique culturally based programs that are otherwise inaccessible.

Form 990, Part IX, Line 11G

This line represents artists fees of 2,675, Conultants and Contractors of 44,285, Graphic Designers of 8,800, Instructors of 30,000, Grant Writers of 2,800, and Public Relations of 26,000

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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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