Civic Intelligence

Arcadia Performing Arts Foundation

990 • Fiscal year 2015 • EIN 46-0841295

Jan 01, 2015 to Dec 31, 2015 • Filed on May 27, 2016

150 S Third AveArcadia, CA 91006

(626) 821-1781

Siviq Scores

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

Liabilities / Assets

77th percentile

0.32x

Higher debt load relative to assets than 77% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

63rd percentile

0.10x

Higher debt load relative to revenue than 63% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

22nd percentile

-9.0%

Higher net margin than 22% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

55th percentile

2.8%

Faster asset growth than 55% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

23rd percentile

-12%

Faster revenue growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$160,297

Up $4,407 (+2.8%) from 2014

Net Assets

Down

$108,735

Down $47,155 (-30%) from 2014

Liabilities

Up

$51,562

Up $51,562 from 2014

Revenue

Down

$521,880

Down $68,525 (-12%) from 2014

Expenses

Up

$569,035

Up $13,988 (+2.5%) from 2014

Net Income

Down

-$47,155

Down $82,513 (-233%) from 2014

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2012: $199,700Liabilities 2012: $121,250Net Assets 2012: $78,4502012Assets 2013: $120,532Liabilities 2013: $0Net Assets 2013: $120,5322013Assets 2014: $155,890Liabilities 2014: $0Net Assets 2014: $155,8902014Assets 2015: $160,297Liabilities 2015: $51,562Net Assets 2015: $108,7352015Assets 2016: $207,694Liabilities 2016: $172,795Net Assets 2016: $34,8992016Assets 2017: $98,879Liabilities 2017: $166,094Net Assets 2017: -$67,2152017Assets 2018: $78,916Liabilities 2018: $168,405Net Assets 2018: -$89,4892018Assets 2019: $70,994Liabilities 2019: $71,698Net Assets 2019: -$7042019Assets 2020: $166,974Liabilities 2020: $0Net Assets 2020: $166,9742020Assets 2021: $239,694Net Assets 2021: $239,6942021Assets 2022: $280,750Net Assets 2022: $280,7502022Assets 2023: $318,863Liabilities 2023: $395Net Assets 2023: $318,4682023Assets 2024: $274,780Liabilities 2024: $200Net Assets 2024: $274,5802024Assets 2025: $182,201Liabilities 2025: $0Net Assets 2025: $182,2012025

Highlighted filing

2015

Assets$160,297
Liabilities$51,562
Net Assets$108,735

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $131,962Expenses 2012: $53,512Net Income 2012: $78,4502012Revenue 2013: $149,519Expenses 2013: $107,437Net Income 2013: $42,0822013Revenue 2014: $590,405Expenses 2014: $555,047Net Income 2014: $35,3582014Revenue 2015: $521,880Expenses 2015: $569,035Net Income 2015: -$47,1552015Revenue 2016: $247,012Expenses 2016: $320,848Net Income 2016: -$73,8362016Revenue 2017: $311,280Expenses 2017: $413,394Net Income 2017: -$102,1142017Revenue 2018: $666,829Expenses 2018: $689,103Net Income 2018: -$22,2742018Revenue 2019: $1,108,799Expenses 2019: $1,020,014Net Income 2019: $88,7852019Revenue 2020: $227,187Expenses 2020: $59,509Net Income 2020: $167,6782020Revenue 2021: $95,842Expenses 2021: $23,122Net Income 2021: $72,7202021Revenue 2022: $90,584Expenses 2022: $36,391Net Income 2022: $54,1932022Revenue 2023: $21,563Expenses 2023: $51,881Net Income 2023: -$30,3182023Revenue 2024: $218,354Expenses 2024: $236,020Net Income 2024: -$17,6662024Revenue 2025: $231,560Expenses 2025: $306,360Net Income 2025: -$74,8002025

Highlighted filing

2015

Revenue$521,880
Expenses$569,035
Net Income-$47,155
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 27, 2016
Return Version
2015v2.0
Gross Receipts
$521,880
Mission and Program Overview

Mission

The specific purpose of this foundation is to benefit the arcadia unified school district performing arts center, arts education in the arcadia unified school district and all aspects of the arts in the west san gabriel valley.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$155,890$108,735▼ $47,155
Cash and Non-Interest-Bearing Accounts$145,090$93,316▼ $51,774
Pledges and Grants Receivable-$51,500-
Prepaid Expenses and Deferred Charges-$12,500-
Savings and Temporary Cash Investments$10,800$2,981▼ $7,819
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$155,890$160,297▲ $4,407
Other Assets Total-$0-
Liabilities
Deferred Revenue-$51,500-
Accounts Payable and Accrued Expenses-$62-
Total Liabilities$0$51,562▲ $51,562
Net Assets / Fund Balance
Total Net Assets Fund Balance$155,890$108,735▼ $47,155
Total Liabilities and Net Assets / Fund Balance$155,890$160,297▲ $4,407
Compensation and Service Providers

Board Members and Trustees

NameTitle
James RomoChairman
Alice WangDirector
David LeeDirector
David VannasdallDirector
Gary KovacicDirector
Gary YamadaDirector
Richard TauerDirector
Alan WhitmanCFO
Lori PhillipiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$166,128
Program Service Revenue
$355,729
Investment Income
$23
Other Revenue
$0
All Other Contributions
$166,128
Change in Net Assets
$-47,155
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$513,518
Salaries, Compensation, and Employee Benefits$53,517
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$64,116$34,361-$64,116
Advertising$60,854$1,100-$61,954
Other Salaries and Wages-$48,674-$48,674
All Other Expenses$9,734$7,269-$17,003
Insurance-$6,864-$6,864
Payroll Taxes-$4,843-$4,843
Grants to Domestic Individuals$2,000--$2,000
Office Expenses-$1,823-$1,823
Fees for Services Accounting-$1,200-$1,200
Travel-$236-$236
Fees for Services Other-$210-$210
Total Functional Expenses$462,455$106,580$0$569,035
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

A copy of form 990 was not provided to the organization's governing body before it was filed.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The organization makes its governing documents, conflict of interest policy, and financial statement available to the public upon request.

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

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

FORM 990, PART VI, SECTION B, LINE 12C:

The organization regularly monitors and enforces compliance with the conflict of interest policy by having each foundation member sign an annual conflict of interest statement. In addition the organization conducts periodic reviews with the use of outside experts to ensure the foundation operates in a manner consistent with its charitable purposes and does not engage in activities that could jeopardize its tax exempt status.

Filing and Contact Details

Filer

Filer Name
Arcadia Performing Arts Foundation
EIN
46-0841295
Phone
6268211781
Address
150 S THIRD AVE, ARCADIA, CA 91006

Signing Officer

Name
James Romo
Title
Chairman
Signed
2016-05-27
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Mark Schaefer Associates LLP
Address
55 E HUNTINGTON DR 300, ARCADIA, CA 91006
Preparer
James S Schaefer
Phone
6264463126
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 WAS NOT PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING EACH FOUNDATION MEMBER SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT. IN ADDITION THE ORGANIZATION CONDUCTS PERIODIC REVIEWS WITH THE USE OF OUTSIDE EXPERTS TO ENSURE THE FOUNDATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX EXEMPT STATUS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C:
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0155890

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.23$0.31$0.07
2024Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.22$0.24$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.02$0.05$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.28$0.28$0.09$0.04$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.24$0.24$0.10$0.02$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.23$0.06$0.17
2019Detailed filing. Detailed filing data is available for this year.$0.07$0.07$0.00$1.11$1.02$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.08$0.17$0.09$0.67$0.69$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.10$0.17$0.07$0.31$0.41$0.10
2016Summary only. Only limited summary data is available for this year.$0.21$0.17$0.03$0.25$0.32$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.16$0.05$0.11$0.52$0.57$0.05
2014Summary only. Only limited summary data is available for this year.$0.16$0.00$0.16$0.59$0.56$0.04
2013Summary only. Only limited summary data is available for this year.$0.12$0.00$0.12$0.15$0.11$0.04
2012Summary only. Only limited summary data is available for this year.$0.20$0.12$0.08$0.13$0.05$0.08