Civic Intelligence

Arcadia Performing Arts Foundation

990 • Fiscal year 2017 • EIN 46-0841295

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 12, 2017

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

96th percentile

1.68x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

0.53x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

11th percentile

-33%

Higher net margin than 11% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

8th percentile

-52%

Faster asset growth than 8% of similar nonprofits.

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

Revenue Growth

76th percentile

26%

Faster revenue growth than 76% of similar nonprofits.

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

Assets

Down

$98,879

Down $108,815 (-52%) from 2016

Net Assets

Down

-$67,215

Down $102,114 (-293%) from 2016

Liabilities

Down

$166,094

Down $6,701 (-3.9%) from 2016

Revenue

Up

$311,280

Up $64,268 (+26%) from 2016

Expenses

Up

$413,394

Up $92,546 (+29%) from 2016

Net Income

Down

-$102,114

Down $28,278 (-38%) from 2016

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

2017

Assets$98,879
Liabilities$166,094
Net Assets-$67,215

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

2017

Revenue$311,280
Expenses$413,394
Net Income-$102,114
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 12, 2017
Return Version
2016v3.0
Gross Receipts
$311,280
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
Cash and Non-Interest-Bearing Accounts$148,212$85,129▼ $63,083
Pledges and Grants Receivable$51,500$13,750▼ $37,750
Prepaid Expenses and Deferred Charges$5,000$0▼ $5,000
Savings and Temporary Cash Investments$2,982$0▼ $2,982
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-
Rtn Earn Endowment Incm Other Fnds$34,899$-67,215▼ $102,114
Total Assets$207,694$98,879▼ $108,815
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$120,814$152,344▲ $31,530
Deferred Revenue$51,500$13,750▼ $37,750
Other Liabilities$481--
Total Liabilities$172,795$166,094▼ $6,701
Net Assets / Fund Balance
Total Net Assets Fund Balance$34,899$-67,215▼ $102,114
Total Liabilities and Net Assets / Fund Balance$207,694$98,879▼ $108,815
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
$83,750
Program Service Revenue
$227,527
Investment Income
$3
Other Revenue
$0
All Other Contributions
$83,750
Change in Net Assets
$-102,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$293,758
Salaries, Compensation, and Employee Benefits$116,136
Grants and Similar Amounts Paid$3,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$103,805-$103,805
Advertising$15,577$7,251-$22,828
Fees for Services Management-$20,500-$20,500
Other Expenses$9,848$19,220-$19,220
Payroll Taxes-$12,331-$12,331
All Other Expenses$1,279$5,402-$6,681
Insurance-$6,029-$6,029
Fees for Services Accounting-$5,218-$5,218
Grants to Domestic Individuals$3,500--$3,500
Office Expenses-$1,043-$1,043
Total Functional Expenses$222,746$190,648$0$413,394
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
2017-02-12
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
10

Preparer

Firm
Mark Schaefer Associates Llp
Address
200 E DEL MAR BLVD SUITE 320, PASADENA, CA 91105
Preparer
James S Schaefer
Phone
6264463126
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IRS990/PayrollTaxesGrp/TotalAmt012331
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt051500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt013750
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
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IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
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IRS990/ProgramServiceRevenueGrp/Desc1TICKET SALES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt184879
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt184879
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0166128
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02000
IRS990/PYInvestmentIncomeAmt023
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0513518
IRS990/PYProgramServiceRevenueAmt0355729
IRS990/PYRevenuesLessExpensesAmt0-47155
IRS990/PYSalariesCompEmpBnftPaidAmt053517
IRS990/PYTotalExpensesAmt0569035
IRS990/PYTotalRevenueAmt0521880
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-102114
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0227527
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt034899
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-67215
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02982
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt083750
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0166128
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0167577
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0130096
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0182316
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0729867
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt087877
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt028700
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt023
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt037
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt014
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0217973
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0211016
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0521880
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0590405
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0218010
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0211030
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01852605
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0207694
IRS990/TotalAssetsEOYAmt098879
IRS990/TotalAssetsGrp/BOYAmt0207694
IRS990/TotalAssetsGrp/EOYAmt098879
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0222746
IRS990/TotalFunctionalExpensesGrp/TotalAmt0413394
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0172795
IRS990/TotalLiabilitiesEOYAmt0166094
IRS990/TotalLiabilitiesGrp/BOYAmt0172795
IRS990/TotalLiabilitiesGrp/EOYAmt0166094
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt034899
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-67215

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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