Liabilities / Assets
56th percentile
Tied with the lowest-debt nonprofits in its peer group.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
56th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
19th percentile
Higher net margin than 19% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
26th percentile
Faster asset growth than 26% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Balance Sheet
Assets
Down$70,147
Down $7,791 (-10.0%) from 2020
Net Assets
Down$70,147
Down $7,710 (-9.9%) from 2020
Liabilities
Down$0
Down $81 (-100%) from 2020
Revenue And Expenses
Revenue
Up$40,157
Up $40,157 from 2020
Expenses
Up$47,867
Up $3,933 (+9.0%) from 2020
Net Income
Up-$7,710
Up $36,224 (+82%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- May 16, 2022
- Return Version
- 2021v4.2
- Gross Receipts
- $40,157
Mission and Program Overview
Mission
To provide cultural advancements and life quality enhancements through music, art, and educational opportunities
Please see Schedule O Note 01
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Please see Schedule O, Note 01 | - | $47,833 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Carrie Brown | President | - | $0 | - | - |
| Jef Pearlman | Secretary | - | $0 | - | - |
| Sasha Yee | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- False Profit Inc
- EIN
- 46-5723196
- Address
- 340 S Lemon Ave STE 2678, Walnut, CA 91789
Signing Officer
- Name
- Sasha Yee
- Title
- Treasurer
- Phone
- 4159932678
- Signed
- 2022-05-16
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Build Advisory Corporation
- Address
- PO Box 61, Newbury Park, CA 91319
- Preparer
- Mark Hancock CRTP
- Phone
- 4159523695
Supplemental Narrative
Additional Explanations
General explanation attachment
“False Profits primary exempt purpose is to provide cultural advancements through art, music, and education.2021 Festival operations resumed at a significantly reduced activity due to the Covid 19 pandemic. There was a small community event of 200 total attendees held over 2 nights and 3 days showcasing a small number of community, art, and science exhibits. 2021 Festival operations resumed at a significantly reduced activity due to the Covid 19 pandemic. There was a small community event of 200 total attendees held over 2 nights and 3 days showcasing a small number of community, art, and science exhibits.”
Description of other expenses Part I line 16
“Description AmountMeals/food 9,788Insurance 3,006Travel 1,572Equipment rental 1,571Software subscriptions 1,026Fuel 930Promotion 756Supplies 351Bank charges 34”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearOther 81 0”
Raw XML Appendix143 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Sasha Yee |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 4159932678 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 340 S Lemon Ave |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Walnut |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 91789 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 77938 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 70147 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 375 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -7710 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 5086 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 77938 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 70147 |
| IRS990EZ/GrossReceiptsAmt | 0 | 40157 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 77857 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 70147 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 77857 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 70147 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 23747 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Carrie Brown |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Jef Pearlman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Sasha Yee |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 19034 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Please see Schedule O Note 01 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 39782 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Please see Schedule O, Note 01 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 47833 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 81 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 47867 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 47833 |
| IRS990EZ/TotalRevenueAmt | 0 | 40157 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | pricelessfestival.org |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 375 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 12551 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 51165 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 64091 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 39782 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 236130 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 177000 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 452912 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt | 0 | 31216 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt | 0 | 56582 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 87798 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 604801 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 40157 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 279897 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 284747 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 604801 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 40157 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 279897 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 284747 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 604801 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | False Profits primary exempt purpose is to provide cultural advancements through art, music, and education.2021 Festival operations resumed at a significantly reduced activity due to the Covid 19 pandemic. There was a small community event of 200 total attendees held over 2 nights and 3 days showcasing a small number of community, art, and science exhibits. 2021 Festival operations resumed at a significantly reduced activity due to the Covid 19 pandemic. There was a small community event of 200 total attendees held over 2 nights and 3 days showcasing a small number of community, art, and science exhibits. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountMeals/food 9,788Insurance 3,006Travel 1,572Equipment rental 1,571Software subscriptions 1,026Fuel 930Promotion 756Supplies 351Bank charges 34 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Category Beginning of Year End of YearOther 81 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | General explanation attachment |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of total liabilities Part II line 26 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 00 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Sasha Yee |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4159932678 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-05-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | False Profit Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FALS |
| ReturnHeader/Filer/EIN | 0 | 465723196 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 340 S Lemon Ave STE 2678 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Walnut |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 91789 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 465555252 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Build Advisory Corporation |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO Box 61 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Newbury Park |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 91319 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4159523695 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-05-16 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Mark Hancock CRTP |
| ReturnHeader/ReturnTs | 0 | 2022-05-16T18:26:38-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Sasha |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Yee |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $70,147
- Liabilities
- $0
- Net assets
- $70,147
- Revenue
- $40,157
- Expenses
- $47,867
- Net income
- -$7,710