Civic Intelligence

Pacific Art League of Palo Alto

990 • Fiscal year 2020 • EIN 94-6096394

Aug 01, 2019 to Jul 31, 2020 • Filed on Feb 05, 2021

668 Ramona StreetPalo Alto, CA 94301

(650) 321-3891

Siviq Scores

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

Liabilities / Assets

86th percentile

0.77x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

91st percentile

3.07x

Higher debt load relative to revenue than 91% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

40th percentile

$100,125

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

17th percentile

-3.3%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

50th percentile

2.1%

Faster revenue growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$5,449,795

Down $184,578 (-3.3%) from 2019

Net Assets

Up

$1,261,706

Up $230,920 (+22%) from 2019

Liabilities

Down

$4,188,089

Down $415,498 (-9.0%) from 2019

Revenue

Up

$1,364,825

Up $28,029 (+2.1%) from 2019

Expenses

Up

$1,133,914

Up $19,261 (+1.7%) from 2019

Net Income

Up

$230,911

Up $8,768 (+3.9%) from 2019

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 2011: $994,491Liabilities 2011: $50,197Net Assets 2011: $944,2942011Assets 2012: $987,655Liabilities 2012: $28,114Net Assets 2012: $959,5412012Assets 2013: $1,402,147Liabilities 2013: $671,871Net Assets 2013: $730,2762013Assets 2014: $6,674,783Liabilities 2014: $6,233,173Net Assets 2014: $441,6102014Assets 2015: $6,377,874Liabilities 2015: $5,848,259Net Assets 2015: $529,6152015Assets 2016: $5,988,346Liabilities 2016: $5,443,314Net Assets 2016: $545,0322016Assets 2017: $5,923,159Liabilities 2017: $5,274,073Net Assets 2017: $649,0862017Assets 2018: $5,744,466Liabilities 2018: $4,935,823Net Assets 2018: $808,6432018Assets 2019: $5,634,373Liabilities 2019: $4,603,587Net Assets 2019: $1,030,7862019Assets 2020: $5,449,795Liabilities 2020: $4,188,089Net Assets 2020: $1,261,7062020Assets 2021: $5,899,187Liabilities 2021: $4,097,204Net Assets 2021: $1,801,9832021Assets 2022: $6,257,442Liabilities 2022: $3,840,834Net Assets 2022: $2,416,6082022Assets 2023: $5,923,462Liabilities 2023: $3,637,091Net Assets 2023: $2,286,3712023Assets 2024: $5,717,046Liabilities 2024: $3,714,351Net Assets 2024: $2,002,6952024

Highlighted filing

2020

Assets$5,449,795
Liabilities$4,188,089
Net Assets$1,261,706

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $519,755Expenses 2011: $533,624Net Income 2011: -$13,8692011Revenue 2012: $566,210Expenses 2012: $540,763Net Income 2012: $25,4472012Revenue 2013: $492,800Expenses 2013: $811,323Net Income 2013: -$318,5232013Revenue 2014: $247,584Expenses 2014: $585,868Net Income 2014: -$338,2842014Revenue 2015: $832,246Expenses 2015: $772,086Net Income 2015: $60,1602015Revenue 2016: $856,222Expenses 2016: $817,136Net Income 2016: $39,0862016Revenue 2017: $964,827Expenses 2017: $889,574Net Income 2017: $75,2532017Revenue 2018: $1,171,349Expenses 2018: $1,011,791Net Income 2018: $159,5582018Revenue 2019: $1,336,796Expenses 2019: $1,114,653Net Income 2019: $222,1432019Revenue 2020: $1,364,825Expenses 2020: $1,133,914Net Income 2020: $230,9112020Revenue 2021: $1,109,322Expenses 2021: $708,476Net Income 2021: $400,8462021Revenue 2022: $1,039,946Expenses 2022: $565,116Net Income 2022: $474,8302022Revenue 2023: $478,317Expenses 2023: $608,742Net Income 2023: -$130,4252023Revenue 2024: $400,971Expenses 2024: $684,647Net Income 2024: -$283,6762024

Highlighted filing

2020

Revenue$1,364,825
Expenses$1,133,914
Net Income$230,911
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Feb 5, 2021
Return Version
2019v5.0
Gross Receipts
$1,556,577
Mission and Program Overview

Mission

Pacific art league is committed to advancing the enjoyment, expression and appreciation of the arts. We provide access to art-making for all members of our community. Our robust community engagement program provides accessto art to underserved youth and adults.

Pacific art league is committed to advancing the enjoyment, expression and appreciation of the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,216,473$5,064,834▼ $151,639
Cash and Non-Interest-Bearing Accounts$279,139$374,062▲ $94,923
Savings and Temporary Cash Investments$126,335$0▼ $126,335
Prepaid Expenses and Deferred Charges$11,618$10,899▼ $719
Accounts Receivable$808$0▼ $808
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,634,373$5,449,795▼ $184,578
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,203,584$3,821,065▼ $382,519
Unsecured Notes Loans Payable-$161,182-
Other Liabilities$143,762$89,466▼ $54,296
Accounts Payable and Accrued Expenses$38,422$87,355▲ $48,933
Deferred Revenue$217,819$29,021▼ $188,798
Total Liabilities$4,603,587$4,188,089▼ $415,498
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,013,319$1,254,028▲ $240,709
Net Assets With Donor Restrictions$17,467$7,678▼ $9,789
Total Net Assets Fund Balance$1,030,786$1,261,706▲ $230,920
Total Liabilities and Net Assets / Fund Balance$5,634,373$5,449,795▼ $184,578

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,032,151$976,365$6,008,516
Land$32,683-$32,683
Other Land Buildings-$32,315$32,315
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jon GravesExecutive DirectorFT$100,125$100,125

Board Members and Trustees

NameTitle
Ellie JavadiPresident
Caroline MustardDirector
Celese PariseDirector
Christine LoredoDirector
Hazel KeelanDirector
Kathryn CulpepperDirector
Lori ShoemakerDirector
Priya BonthuDirector
Teri VershelDirector
Paul BarsleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$225,709
Program Service Revenue
$545,590
Investment Income
$1,205
Other Revenue
$592,321
All Other Contributions
$106,454
Change in Net Assets
$230,911

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
Other Non Cash Contri Table1$67,787Market
Total Noncash Contributions1$67,787-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,005,562
Salaries, Compensation, and Employee Benefits$128,352
Total Fundraising Expense$945
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$151,639-$151,639
Current Officers, Directors, Trustees, and Key Employees$60,075$28,035$12,015$100,125
Occupancy-$82,019-$82,019
Fees for Services Other-$76,621-$76,621
Fees for Services Legal-$67,787-$67,787
All Other Expenses$25,206$215$945$26,366
Insurance-$13,466-$13,466
Other Salaries and Wages$52,198$-28,035$-12,015$12,148
Other Expenses$13,610$12,098-$12,098
Payroll Taxes$10,665--$10,665
Other Employee Benefits$5,414--$5,414
Total Functional Expenses$706,863$426,106$945$1,133,914
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
Lease Deposit$89,466
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Two board members are married

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

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

01. Members or stockholder classes and rights (Part VI, line 6)THE ORGANIZATION HAS MEMBERS.02. Member election for additional members (Part VI, line 7a)THE ORGANIZATION HAS OVER 400 MEMBERS.03. Governing body decisions (Part VI, line 7b)BOARD MINUTES DOCUMENT THE MEETINGS HELD AND WRITTEN ACTIONS UNDERTAKEN DURING THE YEAR BYTHE GOVERNING BODY.04. Governing body meeting documentation (Part VI, line 8a)MINUTES OF THE BOARD MEMBERS ARE AVAILABLE AT THE OFFICE.05. Committee meeting documentation (Part VI, line 8b)COMMITTEE MEETING DOCUMENTATION IS AVAILABLE UPON REQUEST.06. Local chapters, branches, affiliates (Part VI, line 10a)THE ORGANIZATION CONDUCTS THE MAJORITY OF ITS OPERATIONS AT THE MAIN LOCATION AT 668RAMONA STREET, PALO ALTO, CALIFORNIA07. Form 990 governing body review (Part VI, line 11)THE GOVERNING BOARD REVIEWED FORM 990 PRIOR TO SUBMISSION.08. Conflict of interest policy compliance (Part VI, line 12c)THE ORGANIZATION IS IN COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY.09. CEO, executive director, top management comp (Part VI, line 15a)THE PROCESS FOR DETERMINING COMPENSATION OF THE EXECUTIVE DIRECTOR INCLUDES COMPARABILITYDATA AND SUBSTANTIATION OF THE DECISION.10. Governing documents, etc, available to public (Part VI, line 19)FORM 990 AND GOVERNING DOCUMENTS, ETC. ARE AVAILABLE BY REQUEST AT THE ORGANIZATION'SOFFICE.11. Explanation of other changes in net assets or fund balances (Part XI, line 9)PRIOR PERIOD ADJUSTMENT TO PROPERTY TAXES.12. List of other fees for services expenses (Part IX, line 11g)MANAGEMENT SALARIES AND OTHER SERVICES

Filing and Contact Details

Filer

Filer Name
Pacific Art League
EIN
94-6096394
Phone
6503213891
Address
668 Ramona Street, Palo Alto, CA 94301

Signing Officer

Name
Paul Barsley
Title
Treasurer
Signed
2021-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elham H Javadi
Formed
1939
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
11
Volunteers
67

Preparer

Firm
Goranson and Associates
Address
717 College Ave, Santa Rosa, CA 95404
Preparer
Sally Westgate
Phone
7075421256
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Adjust books to tax = $9

Financial Statement Notes

Part X : FIN48 Footnote

PAL is exempt from Federal and State Income taxes under Internal Revenue Code Section 501(c)(3) and California Franchise Tax Board Code Section 23701d. Therefore, no provision for income taxes has been made in the accompanying financial statements. In addition, the Internal Revenue Service has determined PAL is not a private foundation within the meaning of Section 509(a) of the Internal Revenue Code.Management of PAL considers the likelihood of changes by taxing authorities in its filed tax returns and recognizes a liability for or discloses potential significant changes if management believes it is more likely than not for a change to occur, including changes to PALs status as a not-for-profit entity. Management believes PAL met the requirements to maintain its tax-exempt status and therefore, no provision for income taxes has been provided in these financial statements. PAL does not file an unrelated business income tax return to report certain unrelated income items. PALs tax returns for the past three years are subject to examination by tax authorities and may change upon examination as it has been clarified that certain items are not unrelated business income.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.72$3.71$2.00$0.40$0.68$0.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.92$3.64$2.29$0.48$0.61$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.26$3.84$2.42$1.04$0.57$0.47
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.90$4.10$1.80$1.11$0.71$0.40
2020Detailed filing. Detailed filing data is available for this year.$5.45$4.19$1.26$1.36$1.13$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.63$4.60$1.03$1.34$1.11$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.74$4.94$0.81$1.17$1.01$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.92$5.27$0.65$0.96$0.89$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.99$5.44$0.55$0.86$0.82$0.04
2015Detailed filing. Detailed filing data is available for this year.$6.38$5.85$0.53$0.83$0.77$0.06
2014Detailed filing. Detailed filing data is available for this year.$6.67$6.23$0.44$0.25$0.59$0.34
2013Summary only. Only limited summary data is available for this year.$1.40$0.67$0.73$0.49$0.81$0.32
2012Summary only. Only limited summary data is available for this year.$0.99$0.03$0.96$0.57$0.54$0.03
2011Summary only. Only limited summary data is available for this year.$0.99$0.05$0.94$0.52$0.53$0.01