Art Share Los Angeles Inc in Los Angeles, California (CA)

Organization representatives - add corrected or new information about Art Share Los Angeles Inc »

Non-representatives - add comments about Art Share Los Angeles Inc»

Art Share Los Angeles Inc
Employer Identification Number (EIN)954660373
Name of OrganizationArt Share Los Angeles Inc
Address801 E 4th Pl, Los Angeles, CA 90013-1805
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Other instruction and training, Scholarships (other)
SubsectionEducational Organization
Ruling Date03/1998
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,427,683
Amount of Income$450,564
Form 990 Revenue Amount$346,067
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


Non-representatives - add comments:


CAPTCHA

Your IP address 3.144.21.206 will be logged.

Amount of income in 2014: $450,564
Art Share Los Angeles Inc: 

 $450,564
Other organizations performing similar types of work: 

 $195,015

Assets in 2014: $1,427,683
Art Share Los Angeles Inc: 

 $1,427,683
Other organizations performing similar types of work: 

 $137,152

Expenses in 2014: $196,615
Art Share Los Angeles Inc: 

 $196,615
Other organizations performing similar types of work: 

 $181,390

Income to expenses ratio in 2014: 2.3
Art Share Los Angeles Inc: 

 2.3
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 83.6%
This organization: 

 83.6%
Other organizations performing similar types of work: 

 78.4%

Number of employees in 2014: 3
This organization: 

 3
Other organizations performing similar types of work: 

 6

Grants share in income in 2014: 43.4%
This organization: 

 43.4%
Other organizations performing similar types of work: 

 49.7%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoNoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 10969815
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return083
Did the organization file all required federal employment tax returns?NoYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0$0$30,000
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization000
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
2011201220132014
Total revenue$363,052$246,447$326,820$346,067
Contributions, Gifts, Grants and Other Similar Amounts$233,776$127,288$143,845$150,172
Program Service Revenue$4,196$23,102$57,663$23,578
0$18,860$20,930$15,150
0$4,242$18,415$7,607
0$0$18,318$821
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1$0$1$1
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$120,457$96,057$125,311$172,316
Gross rents (Real / Personal)$120,457 / $0$202,914 / $0$213,665 / $0$276,813 / $0
Less: rental expenses (Real / Personal)$0 / $0$106,857 / $0$88,354 / $0$104,497 / $0
Rental income or (loss) (Real / Personal)$120,457 / $0$96,057 / $0$125,311 / $0$172,316 / $0
Net gain/loss from sales of assets other than inventory$0$0$0$0
Net income/loss from fundraising events$4,622$0$0$0
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$0$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$415,815$264,410$283,493$196,615
Grants and other assistance to domestic organizations and domestic governments$500$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$63,003$0$0$30,000
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$13,805$37,447$40,255$31,687
Pension plan accruals and contributions$0$0$0
Other employee benefits$0$0$0
Payroll taxes$6,843$4,057$16,049$3,829
Fees for services (non-employees)
Management$0$2,065$0
Legal$3,178$22,137$1,048
Accounting$7,566$5,606$5,405
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$108$0$0
Advertising and promotion$275$225$143
Office expenses$10,824$4,779$3,606
Information technology$103$303$1,701
Royalties$0$0$0
Occupancy$41,252$23,280$35,698
Travel$2,000$2,000$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$0
Interest$25,494$18,536$17,513
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$19,867$39,696$40,420
Insurance$6,968$12,616$10,377
Other expenses$72,321$57,890$4,668
Other expenses$9,138$9,907$3,455
Other expenses$5,926$5,764$3,373
Other expenses$4,550$3,525$1,297
Other expenses$12,836$18,860$2,395
Balance Sheet
2011201220132014
Total assets$1,447,214$1,387,942$1,361,273$1,427,683
Cash - non-interest-bearing$5,189$37,506$84,419
Savings and temporary cash investments$0$0$0
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$18,725$0$20,881
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$1,966$1,966$1,966
Land, buildings, and equipment: cost or other basis$1,362,062$1,321,801$1,320,417
Investments - publicly traded securities$0$0$0
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$2,277,693$2,274,835$2,204,839$2,106,879
Accounts payable and accrued expenses$31,666$26,876$31,761
Grants payable$0$0$0
Deferred revenue$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$1,730,534$2,155,447$2,098,031$2,035,208
Unsecured notes and loans payable to unrelated third parties$0$70,600$61,823$23,871
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$17,122$18,109$16,039
Total net assets or fund balances$-830,479$-886,893$-843,566$-679,196
Unrestricted net assets$-886,893$0$-679,196
Temporarily restricted net assets$0$0$0
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$752,072
Subtotal Support$823,281
Gifts, grants, contributions, and membership fees received$823,281
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$71,209
Total Support$1,439,567
Public Support$823,281
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$611,664
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$4,622
Gross receipts from related activities, etc.$108,539
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$635,631$837,587$1,017,171$1,294,488$967,610$1,025,876$969,684$724,031
Contributions, gifts, grants, and similar amounts received$337,553$830,856$1,016,249$1,293,680$109,083$57,208$69,180$111,913
Contributions to donor advised funds$0$0
Direct public support$241,498$204,323$21,968$43,308$55,413$57,208$50,980$111,913
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$96,055$626,533$994,281$1,250,372$53,670$0$18,200$0
Program service revenue including government fees and contracts$102,563$6,731$303$378$739,420$725,949$812,603$524,396
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$619$430$1,319$1,375$187$33
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$52,518$110,144$85,386$73,803
Gross rents$0$0$0$0$78,742$143,882$124,974$112,531
Less: rental expenses$0$0$0$0$26,224$33,738$39,588$38,728
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$12,886$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$12,886$0$0$0$0$0$0
Net income or (loss) from special events and activities$-4,665$0$0$0$0$0$0$0
Gross revenue$14,668$0$0$0$0$4,974$0$5,141
Less: direct expenses other than fundraising expenses$19,333$0$0$0$0$4,974$0$5,141
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$200,180$0$0$0$65,270$131,200$2,328$13,886
Total expenses$734,388$1,063,623$985,111$1,302,138$859,347$929,564$849,315$783,390
Program services$550,184$729,550$700,364$903,188$795,138$820,220$756,675$654,996
Management and general$170,752$313,312$239,429$314,836$63,951$102,772$84,403$88,134
Fundraising$13,452$20,761$45,318$84,114$258$6,572$8,237$40,260
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$-109,794$-335,830$-303,770$-311,420$-203,157$-106,845$19,851$-60,716
Excess or (deficit) for the year$-98,757$-226,036$32,060$-7,650$108,263$96,312$120,369$-59,359
Net assets or fund balances at beginning of year$-11,037$-109,794$-335,830$-303,770$-311,420$-203,157$-106,845$19,851
Other changes in net assets or fund balances$0$0$0$0$0$0$6,327$-21,208
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$783,390$654,996$88,134$40,260
Grants paid from donor advised funds$0
Other grants and allocations$2,303
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$156,157$150,817$2,857$2,483
Compensation of former officers, directors, key employees, etc.$16,154$15,602$296$256
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$33,044$31,912$606$526
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$16,311$14,938$1,373$0
Professional fundraising fees$0$0$0$0
Accounting fees$25,042$7,025$8,464$9,553
Legal fees$0$0$0$0
Supplies$44,118$27,675$10,951$5,492
Telephone$7,843$3,562$4,281$0
Postage and shipping$1,212$857$355$0
Occupancy$29,917$15,715$0$14,202
Equipment rental and maintenance$0$0$0$0
Printing and publications$10,449$9,072$1,377$0
Travel$31,928$26,287$5,641$0
Conferences, conventions, and meetings$0$0$0$0
Interest$62,242$62,242$0$0
Depreciation, depletion, etc.$22,319$0$22,319$0
Other expenses not covered above$324,351$286,989$29,614$7,748
Balance Sheets
20002001200220032004200520062007
Total assets$1,711,340$1,879,488$1,869,936$1,905,250$1,911,693$1,802,766$1,879,373$1,757,795
Cash - non-interest-bearing$196,111$149,600$129,534$121,709$176,041$51,931$107,815$195,561
Savings and temporary cash investments$0$0$0$0$0$24,421$3,609$3,532
Accounts receivable less allowance for doubtful accounts$20,565$123,670$82,398$172,048$127,208$158,838$241,116$64,937
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$3,408$3,378$5,836$0$0$0$0$9,562
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$7,401$6,858$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$1,491,256$1,602,840$1,644,767$1,604,635$1,602,128$1,561,802$1,521,600$1,479,514
Other assets, including program-related investments$0$0$0$0$6,316$5,774$5,233$4,689
Total liabilities$1,821,134$2,215,318$2,173,706$2,216,670$2,114,850$1,909,611$1,859,522$1,818,511
Accounts payable and accrued expenses$85,538$260,110$204,260$269,373$140,835$79,580$55,460$29,850
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$19,855$0$17,916$2,328$0$0
Loans from officers, directors, trustees, and key employees$90,548$73,230$72,041$72,041$72,041$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$1,620,048$1,856,978$1,820,589$1,795,402$1,835,592$1,794,273$1,756,969$1,720,732
Other liabilities$25,000$25,000$56,961$79,854$48,466$33,430$47,093$67,929
Total liabilities and net assets/fund balances$1,711,340$1,879,488$1,869,936$1,905,250$1,911,693$1,802,766$1,879,373$1,757,795
Total net assets or fund balances$-109,794$-335,830$-303,770$-311,420$-203,157$-106,845$19,851$-60,716
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$635,631$837,587$0$0$0$0$0$724,031
Total revenue, gains, and other support per audited financial statements$821,465$837,587$0$0$0$0$0$762,759
Other expenses$185,834$0$0$0$0$0$0$38,728
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$166,500$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$19,334$0$0$0$0$0$0$38,728
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$734,388$1,063,623$0$0$0$0$0$783,390
Total expenses and losses per audited financial statements$920,222$1,063,623$0$0$0$0$0$822,118
Other revenue$185,834$0$0$0$0$0$0$38,728
Donated services and use of facilities$166,500$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$19,334$0$0$0$0$0$0$38,728
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$58,654$0$0
40$44,038$0$0
40$30,615$0$0
20$22,850$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings9
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$16,154$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20066
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$33$612,085
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$524,396
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$33$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$73,803
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$13,886
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$649,604$718,359$850,473$1,017,171$1,294,488$849,822$885,082$802,020
Gifts, grants, and contributions received$395,843$249,116$830,856$1,016,249$1,293,680$109,083$58,208$69,180
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$86,900$102,563$19,617$303$378$739,420$694,299$730,325
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$619$430$1,319$1,375$187
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$166,861$166,500$0$0$0$0$0$0
Other income$0$200,180$0$0$0$0$131,200$2,328
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Art Share Los Angeles Inc to others? (optional)
  
Add photo of Art Share Los Angeles Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Museum Of Contemporary Art Santa Barbara Inc653 Paseo Nuevo, Santa Barbara, CA 93101-3392CA1979-02$3,272,599
2Sausalito Art Festival FoundationPO BOX 10, Sausalito, CA 94966-0010CA2001-08$1,854,005
3World Arts WestFort Mason Center Bldg D, San Francisco, CA 94123CA1979-02$829,539
4Sebastopol Center For The Arts282 South High Street, Sebastopol, CA 95472-4366CA1989-10$748,118
5San Jose Taiko Group Inc565 N 5th St, San Jose, CA 95112-3233CA1982-05$640,501
6Tapestry Arts San Jose Inc255 N Market St Ste 124, San Jose, CA 95110-2448CA1975-04$566,588
7Summer Solstice Celebration IncPO BOX 21141, Santa Barbara, CA 93121-1141CA1984-01$353,059
8Sanchez Art Center1220 Linda Mar Blvd Ste B, Pacifica, CA 94044-4265CA1999-09$221,916
9San Francisco Special Events CommitteeC/O Pmiller 325 Sharon Park Dr, Menlo Park, CA 94025CA1986-08$176,003
10San Dimas Festival Of Western ArtsPO BOX 146, San Dimas, CA 91773-0146CA1988-07$171,569
11Yiddishkayt Los Angeles3780 Wilshire Bivd Suite 410, Los Angeles, CA 90010CA1992-06$143,548
12Santa Cruz Mountains Art Center9341 Mill St, Ben Lomond, CA 95005-9301CA1998-04$99,242
13San Francisco Artspace788 Ferguson Rd, Sebastopol, CA 95472-9683CA1995-10$97,801
14Watsonville Taiko Group A Nonprofit CorpPO BOX 1673, Watsonville, CA 95077-1673CA1994-01$65,073
15San Diego Folk Heritage12934 Candela Place, San Diego, CA 92130CA1993-05$52,622
16Sacramento Garden & Arts Center8546 Emperor Dr, Fair Oaks, CA 95628-6206CA1983-06$48,758
17Ballet Folklorico Ollin Inc9015 Kester Avenue, Panorama City, CA 91402CA1993-02$28,818
18Group Folclorico Tempos De Outrora, Groupo Folclorico Tempos De Outrora1401 East Santa Clara Street, San Jose, CA 95116CA1998-09$25,786
19Ensambles Ballet Folklorico De San Francisco2636 Great Hwy, San Francisco, CA 94116CA2000-05$0
20First Night Santa Cruz700 Frederick St Ste 306, Santa Cruz, CA 95062-2239CA1994-07$0
Number of organizations performing similar types of work
Alaska4
Alabama5
Arkansas8
Arizona9
California76
Colorado18
Connecticut14
District of Columbia5
Delaware1
Florida33
Georgia11
Hawaii12
Iowa6
Idaho2
Illinois20
Indiana5
Kansas10
Kentucky4
Louisiana11
Massachusetts31
Maryland19
Maine6
Michigan21
Minnesota15
Missouri11
Mississippi2
Montana7
North Carolina27
North Dakota2
Nebraska6
New Hampshire4
New Jersey18
New Mexico4
Nevada2
New York75
Ohio23
Oklahoma4
Oregon11
Pennsylvania38
Rhode Island3
South Carolina5
South Dakota2
Tennessee15
Texas34
Utah8
Virginia24
Vermont10
Washington16
Wisconsin13
West Virginia9
International1
Total720

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Art Share Los Angeles Inc and has no official or unofficial affiliation with Art Share Los Angeles Inc