Buenaventura Art Association

“BAA board reviews the form 990 and 990T at the monthly meeting when ready for filing.”

“President, Secretary and Treasurer hold an annual review of all key employees. Submit review to Board of Directors with recommendations for increase in salaries and wages as well as review of job duties. Board of Directors approve all increases in salaries and wages and job duties.”

“No documents available to the public.”

“990T expenses = -$51169”

“1. Explanation of the Failure:The organization failed the public support test primarily due to a temporary disruption in outreach and education efforts while relocating to a new leased space. During this transitional period, programmatic activities were reduced, and retail sales became a larger share of total revenue. Due to the temporary disruption in outreach and education efforts, our finances were supplemented by selling investments in our stock portfolio. This shift caused the public support ratio to fall below the required threshold.2. Corrective Actions:After securing and moving into the new space, the organization resumed and expanded its publicfacing activities. We launched renewed fundraising efforts, nearly doubled our membership, and significantly expanded our educational programs and public events. We also increased our presence at community events and festivals, which helped us connect with new members and program participants.3. Timeline for Improvement:These corrective measures have been in effect since the relocation was completed and continue to show strong results. We anticipate restoring compliance with the public support test within the next one to two reporting periods, with continued growth in public contributions and program-related revenue.4. Monitoring and Evaluation:We now conduct regular internal reviews of our revenue sources to monitor our public support ratio throughout the year. This enables us to make timely adjustments to fundraising strategies, event participation, and educational programming as needed to stay on track.5. Additional Support or Resources:While we have not engaged outside consultants at this time, we are actively leveraging our new space and enhanced visibility through community events, partnerships, and grant funding. These resources are helping us broaden our public support base and improve long-term financial sustainability.”