Civic Intelligence

Academy of Media Arts

EIN 82-0847427 • 501(c)3 • Los Angeles, CA

Profile

Academy of media arts (ama) is committed to creating an environment that merges science, technology, engineering, arts and math (steam) into a cultivating bridge for new media arts and related areas of career development opportunities within the digital age.

345 S Figueroa StreetLos Angeles, CA 90071

academyofmediaarts.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.05x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

3.56x

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

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

10th percentile

-25%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

21st percentile

$96,892

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

100th percentile

1890%

Faster asset growth than 100% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

72%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$11,291,824

Up $10,724,290 (+1890%) from 2022

Liabilities

Up

$11,894,243

Up $11,563,596 (+3497%) from 2022

Net Assets

Down

-$602,419

Down $839,306 (-354%) from 2022

Revenue

Up

$3,339,988

Up $1,403,102 (+72%) from 2022

Expenses

Up

$4,179,294

Up $2,591,757 (+163%) from 2022

Net Income

Down

-$839,306

Down $1,188,655 (-340%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2020: $96,152Liabilities 2020: $608,253Net Assets 2020: -$512,1012020Assets 2021: $291,859Liabilities 2021: $404,321Net Assets 2021: -$112,4622021Assets 2022: $567,534Liabilities 2022: $330,647Net Assets 2022: $236,8872022Assets 2023: $11,291,824Liabilities 2023: $11,894,243Net Assets 2023: -$602,4192023

Highlighted filing

2023

Assets$11,291,824
Liabilities$11,894,243
Net Assets-$602,419

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $570,930Expenses 2020: $1,101,253Net Income 2020: -$530,3232020Revenue 2021: $1,392,735Expenses 2021: $993,096Net Income 2021: $399,6392021Revenue 2022: $1,936,886Expenses 2022: $1,587,537Net Income 2022: $349,3492022Revenue 2023: $3,339,988Expenses 2023: $4,179,294Net Income 2023: -$839,3062023

Highlighted filing

2023

Revenue$3,339,988
Expenses$4,179,294
Net Income-$839,306

Filings

Latest Detailed Filing

The latest 2023 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 4, 2023
Return Version
2021v4.2
Gross Receipts
$1,936,886
Mission and Program Overview

Mission

Academy of media arts (ama) is committed to creating an environment that merges science, technology, engineering, arts and math (steam) into a cultivating bridge for new media arts and related areas of career development opportunities within the digital age.

Operation of a public charter school in los angeles, california

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$129,643$220,431▲ $90,788
Pledges and Grants Receivable$118,364$0▼ $118,364
Cash and Non-Interest-Bearing Accounts$28,380$88,502▲ $60,122
Land, Buildings, and Equipment, Net$4,441$0▼ $4,441
Prepaid Expenses and Deferred Charges$1,531$0▼ $1,531
Other Notes and Loans Receivable, Net-$0-
Total Assets$291,859$567,534▲ $275,675
Other Assets Total$9,500$258,601▲ $249,101
Liabilities
Accounts Payable and Accrued Expenses$222,258$203,254▼ $19,004
Deferred Revenue$40,995$71,962▲ $30,967
Unsecured Notes Loans Payable$141,068$55,431▼ $85,637
Total Liabilities$404,321$330,647▼ $73,674
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-113,140$236,209▲ $349,349
Net Assets With Donor Restrictions$678$678→ $0
Total Net Assets Fund Balance$-112,462$236,887▲ $349,349
Total Liabilities and Net Assets / Fund Balance$291,859$567,534▲ $275,675

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$13,324$13,324
Other Assets Org$258,601--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dana HammondChief Executive OfficerFT$76,096$4,500$80,596

Board Members and Trustees

NameTitle
John WhitePresident
Chelsea StaebellVice President
Lula BalltonTrustee
Jenny VinopalSecretary
Afeez TijaniTreasurer/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$1,936,397
Program Service Revenue
$0
Investment Income
$5
Other Revenue
$484
All Other Contributions
$231,437
Change in Net Assets
$349,349

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,936,886
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,936,886
Total Revenue per Form 990
$1,936,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$857,375
Salaries, Compensation, and Employee Benefits$730,162
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$373,589$173,965-$547,554
Occupancy$92,365$64,186-$156,551
Current Officers, Directors, Trustees, and Key Employees-$90,000-$90,000
Payroll Taxes$42,383$29,452-$71,835
Other Expenses$40,370$28,053-$68,423
Travel$61,747$461-$62,208
Information Technology$31,614$21,969-$53,583
Fees for Services Legal-$34,544-$34,544
Fees for Services Other$15,389$10,606-$25,995
Other Employee Benefits$12,256$8,517-$20,773
Insurance$8,866$6,161-$15,027
Conferences and Meetings$7,193$4,998-$12,191
Fees for Services Accounting-$11,325-$11,325
Office Expenses-$8,012-$8,012
Depreciation Depletion$4,441--$4,441
Advertising-$3,767-$3,767
Interest-$1,232-$1,232
Total Functional Expenses$1,008,122$579,415$0$1,587,537

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,587,537
Total Expenses per Audited Statements$1,587,537
Total Expenses per Form 990$1,587,537
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 8B

There are no committees with authority to act on behalf of the board.

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

A copy of the form 990 is prepared by a cpa firm. The draft is reviewed and approved by the ceo and the business advisor before filing. A final copy of the form 990 is provided the board at a public board meeting for acceptance.

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

The board and ceo annually review the conflict of interest policy and discloses any economic interests, if any are deemed reportable.

Form 990, Part VI, Section B, Line 15

The board reviews and approves all compensation for the ceo. Compensation is confirmed with a written employment agreement.

Form 990, Part VI, Section C, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Academy of Media Arts
EIN
82-0847427
Phone
4242538984
Address
345 S FIGUEROA STREET, LOS ANGELES, CA 90071

Signing Officer

Name
Dana Hammond
Title
CEO
Phone
4242538984
Signed
2023-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dana Hammond
Formed
2016
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
25
Volunteers
5

Preparer

Firm
Christy White Associates
Address
348 OLIVE STREET, SAN DIEGO, CA 92103
Preparer
Marcy Kearney
Phone
6192708222
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management believes all of its significant tax positions would be upheld under examination; therefore, no provision for income tax has been recorded.

Raw XML AppendixShowing 400 of 448 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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IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013324
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013324
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01587537
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0258601
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01936886
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES ALL OF ITS SIGNIFICANT TAX POSITIONS WOULD BE UPHELD UNDER EXAMINATION; THEREFORE, NO PROVISION FOR INCOME TAX HAS BEEN RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0258601
IRS990ScheduleD/TotalExpensesPerForm990Amt01587537
IRS990ScheduleD/TotalRevenuePerForm990Amt01936886
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01936886
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01587537
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMINATORY POLICY IS MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND WITHIN THE CHARTER PETITION AND ALL ENROLLMENT DOCUMENTATION FOR THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL OPERATING TUITION-FREE; THEREFORE, SCHOLARSHIPS AND FINANCIAL ASSISTANCE ARE NOT APPLICABLE AND RECORDS FOR SUCH ARE NOT MAINTAINED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES GOVERNMENTAL FUNDING FROM THE CALIFORNIA DEPARTMENT OF EDUCATION AND LOS ANGELES UNIFIED SCHOOL DISTRICT AS PART OF ITS OPERATION OF A PUBLIC CHARTER SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PREPARED BY A CPA FIRM. THE DRAFT IS REVIEWED AND APPROVED BY THE CEO AND THE BUSINESS ADVISOR BEFORE FILING. A FINAL COPY OF THE FORM 990 IS PROVIDED THE BOARD AT A PUBLIC BOARD MEETING FOR ACCEPTANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD AND CEO ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY AND DISCLOSES ANY ECONOMIC INTERESTS, IF ANY ARE DEEMED REPORTABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS AND APPROVES ALL COMPENSATION FOR THE CEO. COMPENSATION IS CONFIRMED WITH A WRITTEN EMPLOYMENT AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ACADEMY OF ARTS FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0843096607
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT ACADEMY OF MEDIA ARTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 12B, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 7486
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BEVERLY HILLS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090212
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0231437
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0GRANTS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ACADEMY OF MEDIA ARTS FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0291859
IRS990/TotalAssetsEOYAmt0567534
IRS990/TotalAssetsGrp/BOYAmt0291859
IRS990/TotalAssetsGrp/EOYAmt0567534
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01936397
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0579415
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01008122
IRS990/TotalFunctionalExpensesGrp/TotalAmt01587537
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0404321
IRS990/TotalLiabilitiesEOYAmt0330647
IRS990/TotalLiabilitiesGrp/BOYAmt0404321
IRS990/TotalLiabilitiesGrp/EOYAmt0330647
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-112462
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0236887
IRS990/TotalOtherCompensationAmt04500
IRS990/TotalProgramServiceExpensesAmt01008122
IRS990/TotalReportableCompFromOrgAmt076096
IRS990/TotalRevenueGrp/ExclusionAmt0489
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01936886
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0291859
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0567534
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0461

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