Civic Intelligence

Adopt the Arts Foundation

990EZ • Fiscal year 2022 • EIN 80-0671089

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 04, 2023

PO Box 973Agoura Hills, CA 91376

(310) 570-2287

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

27th percentile

-9.1%

Higher net margin than 27% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

92nd percentile

$49,550

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 48.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

6th percentile

-71%

Faster asset growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-48%

Faster revenue growth than 12% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Flat

$3,748

Flat from 2022

Net Assets

$3,748

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Flat

$103,250

Flat from 2022

Expenses

Flat

$112,624

Flat from 2022

Net Income

Flat

-$9,374

Flat from 2022

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $25,723Liabilities 2012: $0Net Assets 2012: $25,7232012Assets 2013: $16,098Liabilities 2013: $0Net Assets 2013: $16,0982013Assets 2014: $21,750Liabilities 2014: $02014Assets 2015: $1Liabilities 2015: $12,5172015Assets 2016: $61,125Liabilities 2016: $0Net Assets 2016: $61,1252016Assets 2017: $9,277Liabilities 2017: $4,175Net Assets 2017: $5,1022017Assets 2018: $11,416Liabilities 2018: $0Net Assets 2018: $11,4162018Assets 2019: $1,204Liabilities 2019: $0Net Assets 2019: $1,2042019Assets 2020: $96,445Liabilities 2020: $0Net Assets 2020: $96,4452020Assets 2021: $13,122Liabilities 2021: $0Net Assets 2021: $13,1222021Assets 2022: $3,748Net Assets 2022: $3,7482022Assets 2022: $3,748Liabilities 2022: $02022Assets 2023: $318,496Liabilities 2023: $0Net Assets 2023: $318,4962023

Highlighted filing

2022

Assets$3,748
Liabilities-
Net Assets$3,748

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $180,766Expenses 2012: $156,303Net Income 2012: $24,4632012Revenue 2013: $151,236Expenses 2013: $160,861Net Income 2013: -$9,6252013Revenue 2014: $123,991Expenses 2014: $118,339Net Income 2014: $5,6522014Revenue 2015: $148,244Expenses 2015: $182,511Net Income 2015: -$34,2672015Revenue 2016: $254,651Expenses 2016: $181,009Net Income 2016: $73,6422016Revenue 2017: $114,282Expenses 2017: $144,060Net Income 2017: -$29,7782017Revenue 2018: $277,249Expenses 2018: $243,175Net Income 2018: $34,0742018Revenue 2019: $389,854Expenses 2019: $317,389Net Income 2019: $72,4652019Revenue 2020: $248,000Expenses 2020: $324,458Net Income 2020: -$76,4582020Revenue 2021: $197,478Expenses 2021: $268,232Net Income 2021: -$70,7542021Revenue 2022: $103,250Expenses 2022: $112,624Net Income 2022: -$9,3742022Revenue 2022: $103,250Expenses 2022: $112,624Net Income 2022: -$9,3742022Revenue 2023: $479,136Expenses 2023: $164,388Net Income 2023: $314,7482023

Highlighted filing

2022

Revenue$103,250
Expenses$112,624
Net Income-$9,374
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 4, 2023
Return Version
2022v5.0
Gross Receipts
$103,250
Mission and Program Overview

Mission

Adopt the Arts is committed to providing underserved schools with high-quality music education through proprietary curriculum, professional mentorship and community support, empowering students to thrive through the power of music.We are building a movement, one school at a time, by bringing together artists, musicians, donors, public officials, businesses, entrepreneurs and creatives to ensure music educators have tools, resources, and unique opportunities to develop the next generation of creators, innovators, thinkers and problem-solvers.

Adopt the Arts launched in the spring of 2012, just as the school board was about to eliminate the entire budget for arts education in all of its 335 elementary schools. Although partial funding was maintained and art continues to be funded in various ways, the vast majority of LAUSD elementary school students are not receiving music or art at school. It is the mission of Adopt the Arts to provide music and art classes to all students, regardless of where they live or go to school. We are building a movement, one school at a time, by bringing together artists, musicians, donors, public officials, businesses, entrepreneurs and creatives from around the country.

Program Services

DescriptionGrantsExpenses
Providing music programs and education to 300 students along with curriculum development to scale programs to additional schools.-$112,421
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Abigail BermanCo-Exe DirectorFT$49,550-$49,550
Matt SorumCo-Exe DirectorPT$10,000-$10,000
Jane LynchDirectorPT$0--
Linda CrowderSecretaryPT$0--
Jill BlackDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Adopt the Arts Foundation
EIN
80-0671089
Phone
3105702287
Address
PO Box 973, Agoura Hills, CA 91376

Signing Officer

Name
Matt Sorum
Title
Co-Exe Director
Signed
2023-10-04
Discuss with paid preparer
Yes

Preparer

Firm
Maguire & Hart Gp
Address
PO BOX 973, AGOURA HILLS, CA 91376
Preparer
Vincent Maguire EA
Phone
8188658670
Supplemental Narrative

Additional Explanations

Other Expenses.1

Teachers $39840

Other Expenses.2

Contract Labor $13031

Raw XML Appendix152 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.

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$3.18$0.00$3.18$4.79$1.64$3.15
2022Detailed filing. Detailed filing data is available for this year.$0.04$0.04$1.03$1.13$0.09
2022Summary only. Only limited summary data is available for this year.$0.04$0.00$1.03$1.13$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.00$0.13$1.97$2.68$0.71
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.00$0.96$2.48$3.24$0.76
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.01$3.90$3.17$0.72
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$2.77$2.43$0.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.04$0.05$1.14$1.44$0.30
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.00$0.61$2.55$1.81$0.74
2015Summary only. Only limited summary data is available for this year.$0.00$0.13$1.48$1.83$0.34
2014Summary only. Only limited summary data is available for this year.$0.22$0.00$1.24$1.18$0.06
2013Summary only. Only limited summary data is available for this year.$0.16$0.00$0.16$1.51$1.61$0.10
2012Summary only. Only limited summary data is available for this year.$0.26$0.00$0.26$1.81$1.56$0.24