Civic Intelligence

Saint Joseph'S Arts Foundation

990 • Fiscal year 2021 • EIN 83-2132246

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

1401 Howard StreetSan Francisco, CA 94103

(415) 385-1821

Siviq Scores

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

Liabilities / Assets

66th percentile

0.11x

Higher debt load relative to assets than 66% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

65th percentile

0.10x

Higher debt load relative to revenue than 65% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

79th percentile

38%

Higher net margin than 79% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

89th percentile

79%

Faster asset growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

316%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$747,826

Up $330,502 (+79%) from 2020

Net Assets

Up

$668,350

Up $288,622 (+76%) from 2020

Liabilities

Up

$79,476

Up $41,880 (+111%) from 2020

Revenue

Up

$768,342

Up $583,457 (+316%) from 2020

Expenses

Up

$479,720

Up $434,798 (+968%) from 2020

Net Income

Up

$288,622

Up $148,659 (+106%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2018: $156,000Liabilities 2018: $5,549Net Assets 2018: $150,4512018Assets 2019: $263,451Net Assets 2019: $263,4512019Assets 2020: $417,324Liabilities 2020: $37,596Net Assets 2020: $379,7282020Assets 2021: $747,826Liabilities 2021: $79,476Net Assets 2021: $668,3502021Assets 2022: $372,557Liabilities 2022: $40,371Net Assets 2022: $332,1862022Assets 2023: $224,885Liabilities 2023: $104,423Net Assets 2023: $120,4622023Assets 2024: $240,104Liabilities 2024: $359,411Net Assets 2024: -$119,3072024

Highlighted filing

2021

Assets$747,826
Liabilities$79,476
Net Assets$668,350

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $156,000Expenses 2018: $5,549Net Income 2018: $150,4512018Revenue 2019: $113,0002019Revenue 2020: $184,885Expenses 2020: $44,922Net Income 2020: $139,9632020Revenue 2021: $768,342Expenses 2021: $479,720Net Income 2021: $288,6222021Revenue 2022: $679,250Expenses 2022: $1,023,866Net Income 2022: -$344,6162022Revenue 2023: $843,370Expenses 2023: $1,055,442Net Income 2023: -$212,0722023Revenue 2024: $710,607Expenses 2024: $950,256Net Income 2024: -$239,6492024

Highlighted filing

2021

Revenue$768,342
Expenses$479,720
Net Income$288,622
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$768,342
Mission and Program Overview

Mission

The mission of saint joseph's arts foundation is to promote the relevancy of the arts and artists in our daily lives by showcasing an intriguing roster of arts programming of all kinds that inspires artists and the public. Saint joseph's arts foundation will provide funding for arts education, programming, and residencies that support the creation and representation of compelling art of all meedia and disciplines.

Saint Josephs Arts Foundation ("SJAF") supports the creation and presentation of contemporary art through local and national artist-in-residency programs, innovative partnerships with artists and arts organizations, and the presentation of exhibitions, performances, and public events that showcase art of all media and disciplines. At a time when unaffordable gallery and studio space, as well as housing, plagues artists in throughout the United States, SJAF provides an art exhibition spaces in both San Francisco, CA and Provincetown, MA, along with other support to artists. SJAF creates arts programming that inspires artists and the public to participate in cultural experiences, and promote the relevance of art and artists in the daily life of our society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$349,883$491,358▲ $141,475
Intangible Assets-$44,000-
Accounts Receivable$17,955$24,290▲ $6,335
Pledges and Grants Receivable$15,000$0▼ $15,000
Land, Buildings, and Equipment, Net-$14,062-
Cash and Non-Interest-Bearing Accounts-$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-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$417,324$747,826▲ $330,502
Other Assets Total$34,486$174,116▲ $139,630
Liabilities
Other Liabilities-$41,200-
Accounts Payable and Accrued Expenses$37,596$38,276▲ $680
Total Liabilities$37,596$79,476▲ $41,880
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$364,728$637,854▲ $273,126
Net Assets With Donor Restrictions$15,000$30,496▲ $15,496
Total Net Assets Fund Balance$379,728$668,350▲ $288,622
Total Liabilities and Net Assets / Fund Balance$417,324$747,826▲ $330,502

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,609$1,518$13,127
Leasehold Improvements$2,453$45$2,498
Other Assets Org$174,116--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kenneth E FulkPresident
Laurie UbbenDirector
Shelby BonnieDirector
Eugene TartagliaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$684,839
Program Service Revenue
$80,683
Investment Income
$0
Other Revenue
$2,820
All Other Contributions
$669,839
Change in Net Assets
$288,622
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$479,720
Total Fundraising Expense$23,068
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$86,816-$86,816
All Other Expenses$25,840$18,420$22,364$66,624
Occupancy$41,200--$41,200
Other Expenses$16,313$118-$16,313
Fees for Services Legal$1,900$11,947-$13,847
Insurance-$13,828-$13,828
Travel$1,175$782$496$2,453
Conferences and Meetings$875$587$208$1,670
Depreciation Depletion$1,160$403-$1,563
Total Functional Expenses$286,707$169,945$23,068$479,720
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kenneth E FulkBoard MemberLeased Prgrm Facility SpNo$41,200

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rent Payable - Related Party$41,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
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 the Organization's Form 990 is circulated to all the Board Members prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Foundation has a written conflict of interest policy that requires, among other things, that no member of the Board of Directors may participate in any decision in which he or she (or an immediate family amber) has a material financial interest. Each Board of Director member is required to certify compliance with the conflict of interest policy on an annual basis and indicate whether the Foundation does any business with an entity in which a Board of Director member has a material financial interest. When such a relationship exists, measures are taken to mitigate any actual or perceived conflict, including requiring that such transactions be conducted at arm's length for good and sufficient consideration based on terms that are fair and reasonable to and for the benefit of the Foundation, and in accordance with applicable conflict of interest laws.

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

Available upon request.

Filing and Contact Details

Filer

Filer Name
Saint Josephs Arts Foundation
EIN
83-2132246
Phone
4153851821
Address
1401 Howard Street, San Francisco, CA 94103

Signing Officer

Name
Kenneth E Fulk
Title
President
Signed
2022-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Kenneth E Fulk
Formed
2018
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Fontanello Duffield & Otake LLP
Address
44 Montgomery Street Suite 1305, San Francisco, CA 94104
Preparer
Carol Duffield
Phone
4159830200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

Bank Fees: Column (A) - Total = $8761; Column (B) - Program Services = $1489; Column (C) - Management & General = $0; Column (D) - Fundraising = $7272

Form 990, Part IX, Line 24E: Other Expenses

Consulting - Pre-Opening: Column (A) - Total = $4025; Column (B) - Program Services = $2450; Column (C) - Management & General = $1575; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Donor Cultivation: Column (A) - Total = $9724; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $9724

Form 990, Part IX, Line 24E: Other Expenses

Fees & Licenses: Column (A) - Total = $6237; Column (B) - Program Services = $2905; Column (C) - Management & General = $2757; Column (D) - Fundraising = $575

Form 990, Part IX, Line 24E: Other Expenses

Misc Expenses: Column (A) - Total = $1244; Column (B) - Program Services = $154; Column (C) - Management & General = $953; Column (D) - Fundraising = $137

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $1533; Column (B) - Program Services = $1443; Column (C) - Management & General = $90; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Repairs & Maintenance: Column (A) - Total = $3961; Column (B) - Program Services = $0; Column (C) - Management & General = $3961; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Software : Column (A) - Total = $7569; Column (B) - Program Services = $1034; Column (C) - Management & General = $1879; Column (D) - Fundraising = $4656

Form 990, Part IX, Line 24E: Other Expenses

Sponsorships: Column (A) - Total = $15000; Column (B) - Program Services = $15000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Supplies: Column (A) - Total = $2866; Column (B) - Program Services = $1365; Column (C) - Management & General = $1501; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Temporary Help: Column (A) - Total = $5704; Column (B) - Program Services = $0; Column (C) - Management & General = $5704; Column (D) - Fundraising = $0

Section B. Policies, Question 15

During 2021, Saint Joseph's Arts Foundation did not have any employees.

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IRS990/PrincipalOfficerNm0Kenneth E Fulk
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0491358
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0184885
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0113000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0156000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01138724
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02453
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt045
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02498
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0174116
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011609
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01518
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013127
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt041200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rent Payable - Related Party
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014062
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0174116
IRS990ScheduleD/TotalLiabilityAmt041200
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Kenneth E Fulk
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Board Member
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt041200
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Leased Prgrm Facility Sp
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the Organization's Form 990 is circulated to all the Board Members prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Foundation has a written conflict of interest policy that requires, among other things, that no member of the Board of Directors may participate in any decision in which he or she (or an immediate family amber) has a material financial interest. Each Board of Director member is required to certify compliance with the conflict of interest policy on an annual basis and indicate whether the Foundation does any business with an entity in which a Board of Director member has a material financial interest. When such a relationship exists, measures are taken to mitigate any actual or perceived conflict, including requiring that such transactions be conducted at arm's length for good and sufficient consideration based on terms that are fair and reasonable to and for the benefit of the Foundation, and in accordance with applicable conflict of interest laws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Bank Fees: Column (A) - Total = $8761; Column (B) - Program Services = $1489; Column (C) - Management & General = $0; Column (D) - Fundraising = $7272
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Consulting - Pre-Opening: Column (A) - Total = $4025; Column (B) - Program Services = $2450; Column (C) - Management & General = $1575; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Donor Cultivation: Column (A) - Total = $9724; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $9724
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Fees & Licenses: Column (A) - Total = $6237; Column (B) - Program Services = $2905; Column (C) - Management & General = $2757; Column (D) - Fundraising = $575
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Misc Expenses: Column (A) - Total = $1244; Column (B) - Program Services = $154; Column (C) - Management & General = $953; Column (D) - Fundraising = $137
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Postage and Shipping: Column (A) - Total = $1533; Column (B) - Program Services = $1443; Column (C) - Management & General = $90; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Repairs & Maintenance: Column (A) - Total = $3961; Column (B) - Program Services = $0; Column (C) - Management & General = $3961; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Software : Column (A) - Total = $7569; Column (B) - Program Services = $1034; Column (C) - Management & General = $1879; Column (D) - Fundraising = $4656
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Sponsorships: Column (A) - Total = $15000; Column (B) - Program Services = $15000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Supplies: Column (A) - Total = $2866; Column (B) - Program Services = $1365; Column (C) - Management & General = $1501; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Temporary Help: Column (A) - Total = $5704; Column (B) - Program Services = $0; Column (C) - Management & General = $5704; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14During 2021, Saint Joseph's Arts Foundation did not have any employees.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Section B. Policies, Question 15
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