Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Loiter Galleries Inc
EIN 84-4642655 • 501(c)3 • Long Beach, CA
Pub. 78 Eligible990-N CoverageNTEE A20
Profile
Loiter Galleries: A non-profit outreach organization making a difference - Art is a powerful tool in the evolution of neighborhoods and cities. Our project's mission is to aid the responsible growth and progress of the city through art. That includes continuing our successful track record of supporting local disenfranchised artists especially during these challenging times. The project's purpose is two-fold: It creates temporary galleries in available vacant spaces; and it serves to support local artists and their message. This supplies myriad benefits for the property owner the city and its artists. Ultimately we will give proof to the claim that art is essential. Especially now.The project's core artist audience needs are affordable gallery showcases marketing supplies meeting space art business advice and emotional support. And we aid local property owners by converting dark vacant spaces with art and positive activity. Artists finally have a venue to display their art.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
59th percentile
Higher net margin than 59% of similar nonprofits.
Top Officer Pay
80th percentile
Higher top officer pay than 80% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$17,335
No earlier filing loaded for comparison.
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
$17,335
No earlier filing loaded for comparison.
Revenue
$79,679
No earlier filing loaded for comparison.
Expenses
$69,461
No earlier filing loaded for comparison.
Net Income
$10,218
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $17,335
- Liabilities
- -
- Net assets
- $17,335
- Revenue
- $79,679
- Expenses
- $69,461
- Net income
- $10,218
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Mar 26, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $79,679
Mission and Program Overview
Mission
Loiter Galleries: A non-profit outreach organization making a difference - Art is a powerful tool in the evolution of neighborhoods and cities. Our project's mission is to aid the responsible growth and progress of the city through art. That includes continuing our successful track record of supporting local disenfranchised artists especially during these challenging times. The project's purpose is two-fold: It creates temporary galleries in available vacant spaces; and it serves to support local artists and their message. This supplies myriad benefits for the property owner the city and its artists. Ultimately we will give proof to the claim that art is essential. Especially now.The project's core artist audience needs are affordable gallery showcases marketing supplies meeting space art business advice and emotional support. And we aid local property owners by converting dark vacant spaces with art and positive activity. Artists finally have a venue to display their art.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| The arts council of Long Beach and creative corps paired Loitergalleries with sculptor Larry Stokes to create a 5 week exhibition highlighting through sculptors The power of five a show dedicated to educating the public on the 5 women who boycott during the alabama bus boycotts.this was a historic event bringing in over 100 educators council members and the general public. providing a platform for elderly artists with the intent to educate the public | $7,300 | $21,000 |
| Loiter galleries a 3 day arts and culture event celebrating black exellence by celebrating black youth through art music and dance. Awards were given to highlight youth excelling in the arts .this 3 day event drew over200 in attendance . | $1,000 | $1,000 |
| The middle passage was a 2 day event at loiter galleries sharing the ljourney of the middle passage slaveship honoring those who died and survived the journey of slave ships to America .The public had a chance to learn through storytelling images and dance of this incredibly important story of American history . | $500 | $900 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Vinny picardi | President | FT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Loiter Galleries Inc
- EIN
- 84-4642655
- In Care Of
- % Vinny Picardi
- Address
- 2181 EUCALYPTUS AVE, Long Beach, CA 90806-4518
Signing Officer
- Name
- Vinny Picardi
- Title
- President
- Signed
- 2024-03-26
- Discuss with paid preparer
- No
Supplemental Narrative
Additional Explanations
Part I, line 8
“| Other Revenues:, Amount:| Commissions for art sold at gallery, $984|”
Part I, line 16
“| Other Expenses:, Amount:| Membership dues to LBCVB, $400.00| Animation presentation demo go2 productions, $2000.00| Food and beverage for shows, $1250.00| Paint and supplies, $600.00| Live music and entertainment for shows, $1800.00| Security alarm, $695.00| Operating subscriptions I.e quickbooks, $1152.00| Vinyl lettering, $600.00|”
Part II, line 24
“| Asset Name:, BOY Amount:, EOY Amount:| Inventory, $2000, 0|”
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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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| ReturnHeader/ReturnTs | 0 | 2024-03-26T09:12:04-04:00 |
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| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
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