Civic Intelligence

Fernando Pullum Community Arts Center

990 • Fiscal year 2023 • EIN 45-2800295

Sep 01, 2022 to Aug 31, 2023 • Filed on Jul 11, 2024

PO Box 561528Los Angeles, CA 90056

(323) 290-2700

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

29th percentile

-5.8%

Higher net margin than 29% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

82nd percentile

$144,506

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 14.6% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

20th percentile

-5.3%

Faster asset growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-21%

Faster revenue growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,036,293

Down $57,890 (-5.3%) from 2022

Net Assets

Down

$1,036,135

Down $57,105 (-5.2%) from 2022

Liabilities

Down

$158

Down $785 (-83%) from 2022

Revenue

Down

$987,778

Down $264,642 (-21%) from 2022

Expenses

Up

$1,044,883

Up $85,135 (+8.9%) from 2022

Net Income

Down

-$57,105

Down $349,777 (-120%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $76,074Liabilities 2011: $6,6852011Assets 2012: $64,730Liabilities 2012: $2,608Net Assets 2012: $62,1222012Assets 2013: $120,419Liabilities 2013: $0Net Assets 2013: $120,4192013Assets 2014: $41,228Liabilities 2014: $0Net Assets 2014: $41,2282014Assets 2015: $109,823Liabilities 2015: $0Net Assets 2015: $109,8232015Assets 2016: $47,628Liabilities 2016: $13,748Net Assets 2016: $33,8802016Assets 2017: $103,135Liabilities 2017: $0Net Assets 2017: $103,1352017Assets 2018: $137,005Liabilities 2018: $10,765Net Assets 2018: $126,2402018Assets 2019: $402,826Liabilities 2019: $141,252Net Assets 2019: $261,5742019Assets 2020: $612,208Liabilities 2020: $73,865Net Assets 2020: $538,3432020Assets 2021: $876,540Liabilities 2021: $75,972Net Assets 2021: $800,5682021Assets 2022: $1,094,183Liabilities 2022: $943Net Assets 2022: $1,093,2402022Assets 2023: $1,036,293Liabilities 2023: $158Net Assets 2023: $1,036,1352023Assets 2024: $1,018,992Liabilities 2024: $0Net Assets 2024: $1,018,9922024

Highlighted filing

2023

Assets$1,036,293
Liabilities$158
Net Assets$1,036,135

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $187,026Expenses 2011: $117,637Net Income 2011: $69,3892011Revenue 2012: $436,024Expenses 2012: $443,291Net Income 2012: -$7,2672012Revenue 2013: $378,464Expenses 2013: $313,700Net Income 2013: $64,7642013Revenue 2014: $247,078Expenses 2014: $329,108Net Income 2014: -$82,0302014Revenue 2015: $467,082Expenses 2015: $401,172Net Income 2015: $65,9102015Revenue 2016: $535,802Expenses 2016: $613,589Net Income 2016: -$77,7872016Revenue 2017: $421,151Expenses 2017: $351,896Net Income 2017: $69,2552017Revenue 2018: $717,697Expenses 2018: $694,592Net Income 2018: $23,1052018Revenue 2019: $858,441Expenses 2019: $723,107Net Income 2019: $135,3342019Revenue 2020: $1,099,285Expenses 2020: $822,516Net Income 2020: $276,7692020Revenue 2021: $1,022,843Expenses 2021: $760,618Net Income 2021: $262,2252021Revenue 2022: $1,252,420Expenses 2022: $959,748Net Income 2022: $292,6722022Revenue 2023: $987,778Expenses 2023: $1,044,883Net Income 2023: -$57,1052023Revenue 2024: $618,028Expenses 2024: $349,731Net Income 2024: $268,2972024

Highlighted filing

2023

Revenue$987,778
Expenses$1,044,883
Net Income-$57,105
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jul 11, 2024
Return Version
2022v5.0
Gross Receipts
$987,778
Mission and Program Overview

Mission

SEE PART III, LINE 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$714,547$782,060▲ $67,513
Cash and Non-Interest-Bearing Accounts$213,490$127,627▼ $85,863
Land, Buildings, and Equipment, Net$145,612$115,024▼ $30,588
Accounts Receivable$2,000--
Prepaid Expenses and Deferred Charges$8,509$1,557▼ $6,952
Total Assets$1,094,183$1,036,293▼ $57,890
Other Assets Total$10,025$10,025→ $0
Liabilities
Accounts Payable and Accrued Expenses$943$158▼ $785
Total Liabilities$943$158▼ $785
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,067,517$1,036,135▼ $31,382
Net Assets With Donor Restrictions$25,723--
Total Net Assets Fund Balance$1,093,240$1,036,135▼ $57,105
Total Liabilities and Net Assets / Fund Balance$1,094,183$1,036,293▼ $57,890

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$42,670$98,267$140,937
Leasehold Improvements$72,354$19,921$92,275
Other Land Buildings-$17,474$17,474
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fernando PullumExecutive DirectorFT$125,000$19,506$144,506
Alan PalmerSecretary / TreasurerPT$4,244-$4,244

Board Members and Trustees

NameTitle
JIM O'BRIENChairperson
Kevin KellyVice Chairman
Brian K ReavesDirector
Brian WarfieldDirector
Carol ShawDirector
David JacksonDirector
Frank ClementiDirector
Fred SmithDirector
Ken PaceDirector
Kevin EskoqitzDirector
Michael RossDirector
Mike LashendockDirector
Patrick Tierney From Jun 2023Director
Rickey MinorDirector
Sheila GarbDirector
Sy SmithDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$940,710
Program Service Revenue
$32,326
Investment Income
$14,742
Other Revenue
$0
All Other Contributions
$874,294
Change in Net Assets
$-57,105

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory15,000$120,000Fair Market Value (FMV)
Total Noncash Contributions15,000$120,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$987,778
Total Revenue per Audited Statements
$987,778
Total Revenue per Form 990
$987,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$510,105
Salaries, Compensation, and Employee Benefits$486,718
Total Fundraising Expense$70,575
Professional Fundraising Fees$48,060
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$286,528$19,743-$306,271
Current Officers, Directors, Trustees, and Key Employees$100,096$20,935$19,832$140,863
Occupancy$97,345$9,805-$107,150
Fees for Services Other$83,857$9,821$200$93,878
Fees for Services Professional Fundraising--$48,060$48,060
Payroll Taxes$30,657$3,098$1,383$35,138
Depreciation Depletion$29,059$1,529-$30,588
Office Expenses$19,272$9,136$925$29,333
Insurance$10,280$3,191-$13,471
Other Expenses$12,950--$12,950
Fees for Services Accounting-$9,500-$9,500
Travel$6,807$1,043-$7,850
Information Technology$5,332$430-$5,762
Other Employee Benefits$3,879$392$175$4,446
Advertising$380--$380
Total Functional Expenses$885,685$88,623$70,575$1,044,883

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,044,883
Total Expenses per Audited Statements$1,044,883
Total Expenses per Form 990$1,044,883
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$48,060
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-
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 35% controlled entity
No
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
No
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 C, Line 19

Information is available upon request.

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

Upon joining the board or becoming a principal officer, each person receives a conflict of interest disclosure document that affirms such person will i strive to avoid conflicts of interest between the interests of fpcac on one hand, and personal, professional, and business interests including related parties on the other ii as situations arise, make a full, written disclosure of interests, relationships, and holdings that could potentially result in a conflict of interest and iii will submit himself/herself to the judgement and decision of the board or committee as appropriate to the matter being considered. Additionally, the disclosure document is reviewed discussed at each annual board meeting and distributed with the minutes to board members and principal officers.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the finance committee of the board of directors, the board chair, the executive director and the treasurer. Upon approval by the finance committee and submission to the irs, a copy of form 990 is provided to each board member.

Filing and Contact Details

Filer

Filer Name
Fernando Pullum Community Arts Center
EIN
45-2800295
Phone
3232902700
Address
PO Box 561528, LOS ANGELES, CA 90056

Signing Officer

Name
Fernando Pullum
Title
Executive Director
Phone
3232902700
Signed
2024-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fernando Pullum
Formed
2011
Legal Domicile
CA
Voting Board Members
18
Independent Board Members
17
Employees
26
Volunteers
60

Preparer

Firm
Lewis Sharpstone & Co
Address
5850 CANOGA AVE SUITE 400, WOODLAND HILLS, CA 91367
Preparer
Lewis Sharpstone
Phone
8185701960
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line MISSION

The fernando pullum community arts center pullum center is a nonprofit organization providing free, quality performing arts instruction to more than 1,200 at-risk youth, ages 5 - 20. Our vision is to use the performing arts to empower the children of south los angeles to understand their true value, impact their community as positive role models and inspire them to expand their dreams of who they can become. Our instruction includes musical instruments e.g. Piano, guitar, saxophone, clarinet, flute, trumpet, trombone, and drums, voice, drama, dance, jazz band, music recording and film making. We teach students at our headquarters building as well as in neighboring schools, providing both after-school and in-school instruction. Students are given opportunities to perform in class showcases as well as in major musical productions that are staged each semester and open to the public. Advanced music students may join the centers jazz band which performs regularly at community and high-profile events that often involve major recording artists. In return for receiving instruction, the students commit to monthly community service activities involving the homeless and senior citizens. The pullum centers objectives are to 1 improve students academic success 2 develop students self-esteem and leadership skills, impart sense of belonging and reduce self-destructive behavior 3 increase students appreciation for the performing arts and how participation can improve their lives and 4 contribute to local community through performances and service activities.

Form 990, Part XII, Line 2B

The 2023 audit is currently in progress and is expected to be completed soon.

Financial Statement Notes

X 2

The pullum center is exempt from federal and state income taxes under provisions of section 501c 3 of the internal revenue code and section 23701d of the california revenue and taxation code. Accordingly, no provision for federal or state income taxes is included in the financial statements. The pullum center has been determined by the internal revenue service not to be a private foundation withing the meaning of section 509a of the internal revenue code. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The pullum center has analyzed the tax positions taken in its filings with the internal revenue service and state jurisdictions where it operates. Management believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a materially adverse effect on the pullum centers financial condition, results of operations or cash flows. Accordingly, management has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions on august 31, 2023. The pullum center is subject to routine audits by taxing jurisdictions however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2019.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.62$0.35$0.27
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.99$1.04$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$1.25$0.96$0.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.08$0.80$1.02$0.76$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.07$0.54$1.10$0.82$0.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.14$0.26$0.86$0.72$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.01$0.13$0.72$0.69$0.02
2017Summary only. Only limited summary data is available for this year.$0.10$0.00$0.10$0.42$0.35$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.01$0.03$0.54$0.61$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.47$0.40$0.07
2014Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$0.25$0.33$0.08
2013Summary only. Only limited summary data is available for this year.$0.12$0.00$0.12$0.38$0.31$0.06
2012Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$0.44$0.44$0.01
2011Summary only. Only limited summary data is available for this year.$0.08$0.01$0.19$0.12$0.07