Civic Intelligence

Independent Arts & Media

990 • Fiscal year 2021 • EIN 94-3355076

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

PO Box 420442San Francisco, CA 94142

(415) 738-4975

Siviq Scores

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

Liabilities / Assets

44th percentile

0.04x

Higher debt load relative to assets than 44% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

33rd percentile

0.03x

Higher debt load relative to revenue than 33% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

60th percentile

19%

Higher net margin than 60% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

87th percentile

$162,959

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

85th percentile

45%

Faster asset growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

36th percentile

2.0%

Faster revenue growth than 36% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,559,764

Up $794,114 (+45%) from 2020

Net Assets

Up

$2,454,913

Up $764,887 (+45%) from 2020

Liabilities

Up

$104,851

Up $29,227 (+39%) from 2020

Revenue

Up

$3,960,803

Up $77,261 (+2.0%) from 2020

Expenses

Down

$3,223,436

Down $21,578 (-0.7%) from 2020

Net Income

Up

$737,367

Up $98,839 (+15%) from 2020

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2009: $54,956Liabilities 2009: $0Net Assets 2009: $54,9562009Assets 2010: $34,464Liabilities 2010: $800Net Assets 2010: $33,6642010Assets 2011: $57,837Liabilities 2011: $14,492Net Assets 2011: $43,3452011Assets 2012: $110,120Liabilities 2012: $94,846Net Assets 2012: $15,2742012Assets 2013: $141,905Liabilities 2013: $1,690Net Assets 2013: $140,2152013Assets 2014: $203,632Liabilities 2014: $952Net Assets 2014: $202,6802014Assets 2015: $255,932Liabilities 2015: $11,246Net Assets 2015: $244,6862015Assets 2016: $463,473Liabilities 2016: $22,810Net Assets 2016: $440,6632016Assets 2017: $398,553Liabilities 2017: $11,491Net Assets 2017: $387,0622017Assets 2018: $591,205Liabilities 2018: $7,041Net Assets 2018: $584,1642018Assets 2019: $1,059,723Liabilities 2019: $22,326Net Assets 2019: $1,037,3972019Assets 2020: $1,765,650Liabilities 2020: $75,624Net Assets 2020: $1,690,0262020Assets 2021: $2,559,764Liabilities 2021: $104,851Net Assets 2021: $2,454,9132021Assets 2022: $2,686,287Liabilities 2022: $210,389Net Assets 2022: $2,475,8982022Assets 2023: $5,526,115Liabilities 2023: $208,208Net Assets 2023: $5,317,9072023Assets 2024: $6,046,594Liabilities 2024: $264,096Net Assets 2024: $5,782,4982024

Highlighted filing

2021

Assets$2,559,764
Liabilities$104,851
Net Assets$2,454,913

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2009: $200,650Expenses 2009: $171,280Net Income 2009: $29,3702009Revenue 2010: $221,457Expenses 2010: $242,749Net Income 2010: -$21,2922010Revenue 2011: $280,796Expenses 2011: $272,060Net Income 2011: $8,7362011Revenue 2012: $341,838Expenses 2012: $369,909Net Income 2012: -$28,0712012Revenue 2013: $498,027Expenses 2013: $373,086Net Income 2013: $124,9412013Revenue 2014: $455,873Expenses 2014: $394,029Net Income 2014: $61,8442014Revenue 2015: $528,572Expenses 2015: $486,447Net Income 2015: $42,1252015Revenue 2016: $990,443Expenses 2016: $810,256Net Income 2016: $180,1872016Revenue 2017: $817,357Expenses 2017: $864,333Net Income 2017: -$46,9762017Revenue 2018: $895,278Expenses 2018: $698,176Net Income 2018: $197,1022018Revenue 2019: $1,523,144Expenses 2019: $1,081,031Net Income 2019: $442,1132019Revenue 2020: $3,883,542Expenses 2020: $3,245,014Net Income 2020: $638,5282020Revenue 2021: $3,960,803Expenses 2021: $3,223,436Net Income 2021: $737,3672021Revenue 2022: $3,974,178Expenses 2022: $3,907,634Net Income 2022: $66,5442022Revenue 2023: $5,897,959Expenses 2023: $2,994,186Net Income 2023: $2,903,7732023Revenue 2024: $5,422,368Expenses 2024: $4,981,414Net Income 2024: $440,9542024

Highlighted filing

2021

Revenue$3,960,803
Expenses$3,223,436
Net Income$737,367
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 15, 2022
Return Version
2021v4.0
Gross Receipts
$3,963,562
Mission and Program Overview

Mission

Independent Arts & Media's mission is to steward and empower independent art and media projects that foster community and civic participation and facilitate cultural engagement and free expression.

Independent Arts & Media's mission is to steward and empower independent arts and media projects that foster community and civic participation, and facilitate cultural engagement and free expression.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,426,582$1,948,889▲ $522,307
Pledges and Grants Receivable$130,967$358,913▲ $227,946
Investments in Publicly Traded Securities$89,845$125,234▲ $35,389
Cash and Non-Interest-Bearing Accounts$97,176$93,571▼ $3,605
Prepaid Expenses and Deferred Charges$21,080$33,157▲ $12,077
Accounts Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,765,650$2,559,764▲ $794,114
Other Assets Total-$0-
Liabilities
Other Liabilities$29,922$62,738▲ $32,816
Unsecured Notes Loans Payable$44,943--
Accounts Payable and Accrued Expenses$759$42,113▲ $41,354
Total Liabilities$75,624$104,851▲ $29,227
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,281,291$1,859,791▲ $578,500
Net Assets With Donor Restrictions$408,735$595,122▲ $186,387
Total Net Assets Fund Balance$1,690,026$2,454,913▲ $764,887
Total Liabilities and Net Assets / Fund Balance$1,765,650$2,559,764▲ $794,114
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donna HilliardProject DirectorFT$162,237$722$162,959
Lisa BurgerPresidentPT$60,000-$60,000
Krystal BeasleyDirectorPT$8,986-$8,986

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Deleano SeymourFundraising and developme1951 Joan Drive, San Leandro, CA 94578$119,089
Revenue and Support

Revenue Composition

Contributions and Grants
$3,820,848
Program Service Revenue
$124,577
Investment Income
$12,227
Other Revenue
$3,151
All Other Contributions
$3,299,972
Change in Net Assets
$737,367

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$255,886Fair Market Value (FMV)
Securities Publicly Traded2$43,235Fair Market Value (FMV)
Other Non Cash Contri Table4$13,975Fair Market Value (FMV)
Total Noncash Contributions6$313,096-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,960,803
Revenue Not Reported on Form 990
$64,395
Total Revenue per Audited Statements
$4,025,198
Total Revenue per Form 990
$3,960,803
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,527,458
Salaries, Compensation, and Employee Benefits$1,027,616
Grants and Similar Amounts Paid$668,362
Total Fundraising Expense$301,198
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$699,704$21,753$152,518$873,975
Grants to Domestic Orgs$601,130--$601,130
Fees for Services Other$397,143$5,711$146,845$549,699
Payroll Taxes$70,814$5,666-$76,480
Current Officers, Directors, Trustees, and Key Employees$8,985$60,000-$68,985
Grants to Domestic Individuals$67,232--$67,232
Occupancy$61,143$3,641-$64,784
Travel$60,464$624$603$61,691
Information Technology$27,813$3,636-$31,449
Fees for Services Accounting-$29,920-$29,920
Insurance-$20,198-$20,198
Other Expenses$15,521$46$733$16,300
Other Employee Benefits$8,176--$8,176
Advertising$6,423--$6,423
Fees for Services Legal$2,258$1,434-$3,692
All Other Expenses$-22,759$6,457$499$-15,803
Total Functional Expenses$2,762,736$159,502$301,198$3,223,436

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,260,311
Expenses per Audited Statements$3,223,436
Total Expenses per Form 990$3,223,436
Expenses Not Reported on Form 990$36,875
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Atlantic Monthly Grp LLCWashington, DC--$131,088
Grotto Partners LLCSan Francisco, CA9501c3Program Support$126,384
We Wield the HammerOakland, CA--$75,063
The CrucibleOakland, CA--$65,340
Shaping San FranciscoSan Francisco, CA-Program Support$46,808
The FriscRedwood City, CA--$30,048
PianoFight LLCSan Francisco, CA-Program Support$23,765
Mpowerdance CompanySan Francisco, CA-Program Support$20,375
Tenderloin Walking ToursSan Francisco, CA-Program Support$20,000
TWH Publishing LLCMiami Lakes, FL--$14,971
KidNuzLafayette, CA501c3Program support$14,702
Small Press TrafficSan Francisco, CA-Program Support$10,188
Samobe IncSanta Monica, CA-Program Support$7,272
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

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
Accrued Payroll$48,685
Conditional advance$14,053
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Line 11B: Form 990 Review Process

Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's management and at least one member of the board of directors. This group of individuals then discusses the contents of the return with the outside tax professional. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management or the board authorizes the final form 990 which is then e-filed with the internal revenue service.

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

Members of the board of directors review all potential conflicts of interest at least annually. The executive director and all board members are required to disclose (in writing) potential conflicts and any related party affiliations. Loans between the organization and members of management and the board are strictly prohibited. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.

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

All of the organization's governing documents, financial statements and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to www.guidestar.org (where they are available for viewing as electronic copies) and are also available upon request from the organization's office in san francisco, california.

Filing and Contact Details

Filer

Filer Name
Independent Arts & Media
EIN
94-3355076
Phone
4157384975
Address
PO Box 420442, San Francisco, CA 94142

Signing Officer

Name
Lisa Burger
Title
President
Phone
4157384975
Signed
2022-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Burger
Formed
2000
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
7
Employees
40
Volunteers
175

Preparer

Firm
Regalia & Associates Cpas
Address
103 TOWN COUNTRY DR STE K, DANVILLE, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, IAM is required to report information regarding its exposure to various tax positions taken by IAM and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that IAM has adequately evaluated its current tax positions and has concluded that as of December 31, 2021, IAM does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.IAM has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. IAM may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, IAM will calculate, accrue and remit the applicable taxes.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Form 990-T Sublease rental expense $2759

Part XII, Line 2D: Other expenses and losses per audited F/S

Form 990-T Sublease rental expense $2759

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IRS990/ProgSrvcAccomActy2Grp/Desc0IAM currently supports over 75 affiliates dedicated to non-commercial work in media and the arts, including publishing, theater, dance, music, visual art, film and video, radio, mixed media and transmedia, journalism, history, and public-events production and convening.While most of IAM's Affiliates are in the Bay Area, several are located throughout the United States, including New York, Georgia, Illinois, and Massachusetts.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.05$0.26$5.78$5.42$4.98$0.44
2023Detailed filing. Detailed filing data is available for this year.$5.53$0.21$5.32$5.90$2.99$2.90
2022Detailed filing. Detailed filing data is available for this year.$2.69$0.21$2.48$3.97$3.91$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.56$0.10$2.45$3.96$3.22$0.74
2020Detailed filing. Detailed filing data is available for this year.$1.77$0.08$1.69$3.88$3.25$0.64
2019Detailed filing. Detailed filing data is available for this year.$1.06$0.02$1.04$1.52$1.08$0.44
2018Detailed filing. Detailed filing data is available for this year.$0.59$0.01$0.58$0.90$0.70$0.20
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.01$0.39$0.82$0.86$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.46$0.02$0.44$0.99$0.81$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.24$0.53$0.49$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.46$0.39$0.06
2013Summary only. Only limited summary data is available for this year.$0.14$0.00$0.14$0.50$0.37$0.12
2012Summary only. Only limited summary data is available for this year.$0.11$0.09$0.02$0.34$0.37$0.03
2011Summary only. Only limited summary data is available for this year.$0.06$0.01$0.04$0.28$0.27$0.01
2010Summary only. Only limited summary data is available for this year.$0.03$0.00$0.03$0.22$0.24$0.02
2009Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.20$0.17$0.03