Civic Intelligence

Pacific Bridge Arts Foundation

990EZ • Fiscal year 2023 • EIN 83-2225518

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization Profilepacificbridgearts.org
11138 Del Amo Blvd 353Lakewood, CA 90715

(714) 356-6853

Siviq Scores

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

Liabilities / Assets

81st percentile

0.13x

Higher debt load relative to assets than 81% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

0.69x

Higher debt load relative to revenue than 94% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

3rd percentile

-270%

Higher net margin than 3% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

18th percentile

-29%

Faster asset growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-85%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$259,747

Down $106,177 (-29%) from 2022

Net Assets

Down

$226,747

Down $129,177 (-36%) from 2022

Liabilities

Up

$33,000

Up $23,000 (+230%) from 2022

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin3rd percentile

Revenue

Down

$47,763

Down $272,237 (-85%) from 2022

Expenses

Up

$176,940

Up $99,118 (+127%) from 2022

Net Income

Down

-$129,177

Down $371,355 (-153%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$400K$300K$200K$100K$0Assets 2019: $194,051Liabilities 2019: $0Net Assets 2019: $194,0512019Assets 2020: $170,376Liabilities 2020: $0Net Assets 2020: $170,3762020Assets 2021: $126,646Liabilities 2021: $12,900Net Assets 2021: $113,7462021Assets 2022: $365,924Liabilities 2022: $10,000Net Assets 2022: $355,9242022Assets 2023: $259,747Liabilities 2023: $33,000Net Assets 2023: $226,7472023Assets 2024: $186,762Liabilities 2024: $10,000Net Assets 2024: $176,7622024

Highlighted filing

2023

Assets$259,747
Liabilities$33,000
Net Assets$226,747
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

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

$400K$200K$0-$200KRevenue 2019: $307,113Expenses 2019: $243,980Net Income 2019: $63,1332019Revenue 2020: $64,599Expenses 2020: $88,273Net Income 2020: -$23,6742020Revenue 2021: $141,826Expenses 2021: $198,456Net Income 2021: -$56,6302021Revenue 2022: $320,000Expenses 2022: $77,822Net Income 2022: $242,1782022Revenue 2023: $47,763Expenses 2023: $176,940Net Income 2023: -$129,1772023Revenue 2024: $86,413Expenses 2024: $136,398Net Income 2024: -$49,9852024

Highlighted filing

2023

Revenue$47,763
Expenses$176,940
Net Income-$129,177
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$47,763
Mission and Program Overview

Mission

The Foundation works throughout the year to provide educational arts and culture workshops, mentorship for rising community leaders, grants for independent artists, and award honoree ceremony.

Program Services

DescriptionGrantsExpenses
All other achievements-$176,940
Musical Arts and Grammy Camp Scholarship This scholarship provides resources to aspiring AANHPI talents to break into the music industry with mentorship, network, and financial support. Open to students of AANHPI descent pursuing a degree in the music arts, such as: audio engineering, independent independent artist, instrumental performance, and musical performance. Also awarded are a limited number of full tuition scholarships to the GRAMMY Museum distinguished GRAMMY Camp program to students of AANHPI descent.--
PBAs Bridging Arts Talks feature Grammy-Award winners and nominees, executives in the music industry, and culture and arts innovators for small group discussions with PBA Scholars. The Bridging Arts Talks give PBA scholars the opportunity to learn from and connect with music industry leaders and artists. The Bridging Arts Talks are part of the PBA?s larger mission to help expand Asian American representation in the arts and culture industry through mentorship, networking, and financial support. PBA Scholars are students who either participated in our GRAMMY Camp Program or are recipients of our Musical Arts Scholarship. Through both programs, PBA provides resources for aspiring Asian Americans to break into the music industry.--
Covering GRAMMY U membership fees for select Asian American Native Hawaiian and Pacific Islander (AANHPI) college students. GRAMMY U connects college students with the industrys brightest and most talented minds, GRAMMY U provides aspiring professionals with the tools and opportunities necessary to start a career in music. Throughout each semester, events and special programs touch on all facets of the industry, including the business, technology, and the creative process.--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin NishimuraCEOPT$0--
James RohCFOPT$0--
Regina YoonSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Pacific Bridge Arts Foundation
EIN
83-2225518
Phone
7143566853
Address
11138 Del Amo Blvd 353, Lakewood, CA 90715

Signing Officer

Name
My Lam
Title
Executive Director
Signed
2024-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Advise RE PC
Address
8023 Beverly Blvd Suite 1 - 1179, Los Angeles, CA 90048
Preparer
Diana Tung CPA MBT
Phone
3107954370
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Donee's Name: Grammy Museum Foundation Inc | Donee's Address: 800 W Olympic Blvd #A245 Los Angeles CA 90015 | Cash Amount Given: $24500”

Other Expenses.1002

“Office Expenses $1590”

Other Expenses.1012

“Insurance $1250”

Other Assets.1005

“Accounts Receivable - Beginning $0 Accounts Receivable - Ending $10000”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $10000 Accounts Payable and Accrued Expenses - Ending $33000”

Raw XML Appendix167 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Covering GRAMMY U membership fees for select Asian American Native Hawaiian and Pacific Islander (AANHPI) college students. GRAMMY U connects college students with the industrys brightest and most talented minds, GRAMMY U provides aspiring professionals with the tools and opportunities necessary to start a career in music. Throughout each semester, events and special programs touch on all facets of the industry, including the business, technology, and the creative process.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Grammy Museum Foundation Inc | Donee's Address: 800 W Olympic Blvd #A245 Los Angeles CA 90015 | Cash Amount Given: $24500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $1590
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0My Lam
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Pacific Bridge Arts Foundation
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ReturnHeader/Filer/EIN0832225518
ReturnHeader/Filer/PhoneNum07143566853
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ReturnHeader/PreparerPersonGrp/PhoneNum03107954370
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Diana Tung CPA MBT
ReturnHeader/ReturnTs02024-11-13T09:22:22-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$259,747
Liabilities
$33,000
Net assets
$226,747
Revenue
$47,763
Expenses
$176,940
Net income
-$129,177
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.87$0.10$1.77$0.86$1.36$0.50
2023Detailed filing. Detailed filing data is available for this year.$2.60$0.33$2.27$0.48$1.77$1.29
2022Detailed filing. Detailed filing data is available for this year.$3.66$0.10$3.56$3.20$0.78$2.42
2021Detailed filing. Detailed filing data is available for this year.$1.27$0.13$1.14$1.42$1.98$0.57
2020Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$0.65$0.88$0.24
2019Detailed filing. Detailed filing data is available for this year.$1.94$0.00$1.94$3.07$2.44$0.63