Valley Art Center in Walnut Creek, California (CA)

Organization representatives - add corrected or new information about Valley Art Center »

Non-representatives - add comments about Valley Art Center»

Valley Art Center
Employer Identification Number (EIN)946109449
Name of OrganizationValley Art Center
Address1661 Botelho Dr Ste 110, Walnut Creek, CA 94596-8563
ActivitiesOther cultural or historical activities
SubsectionEducational Organization
Ruling Date05/1954
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 Period12/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$126,373
Amount of Income$99,899
Form 990 Revenue Amount$99,899
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Art Museums


Non-representatives - add comments:


CAPTCHA

Your IP address 3.17.179.132 will be logged.

Amount of income in 2014: $99,899
Valley Art Center: 

 $99,899
Other organizations performing similar types of work: 

 $1,258,505

Assets in 2014: $126,373
This organization: 

 $126,373
Other organizations performing similar types of work: 

 $4,746,079

Expenses in 2013: $75,598
Valley Art Center: 

 $75,598
Other organizations performing similar types of work: 

 $906,066

Income to expenses ratio in 2013: 1.3
Valley Art Center: 

 1.3
Other organizations performing similar types of work: 

 1.3

Expenses allocated to program services in 2006: 100.0%
Valley Art Center: 

 100.0%
Other organizations performing similar types of work: 

 75.4%

Grants share in income in 2013: 2.1%
This organization: 

 2.1%
Other organizations performing similar types of work: 

 64.8%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$111,477$62,385$72,893
Contributions, gifts, grants, and similar amounts received$20,764$1,218$1,559
Program service revenue including government fees and contracts$82,811$52,926$61,569
Membership dues and assessments$7,137$7,025$8,588
Investment income$765$1,216$1,177
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$91,542$73,540$75,598
Total net assets$132,452$121,297$114,285
Excess/Deficit for the year$19,935$-11,155$-2,705
Net assets or fund balances at beginning of year$112,517$132,452$116,990
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$121,297$114,285
Balance Sheets
201120122013
Total assets$134,282$123,022$125,981
Total liabilities$1,830$1,725$11,696
Net assets or fund balances$132,452$121,297$114,285
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$325,563
Subtotal$325,563
Gifts, grants, contributions, and membership fees received$64,070
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$261,493
Gross receipts from activities that are not an unrelated trade or business under section 513$0
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
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$331,640
Public support$325,563
Subtotal$6,077
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$6,077
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2003200420052006
Total revenue$107,098$129,173$90,938$99,348
Contributions, gifts, grants, and similar amounts received$0$10,659$439$807
Contributions to donor advised funds$0
Direct public support$0$10,659$439$807
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$96,982$108,213$79,267$86,447
Membership dues and assessments$7,636$8,377$8,140$7,822
Interest on savings and temporary cash investments$2,480$1,924$3,092$4,272
Dividends and interest from securities$0$0$0$0
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$0$0$0
Total expenses$107,506$121,449$90,744$96,846
Program services$107,506$121,449$90,744$96,846
Management and general$0$0$0$0
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$118,530$126,268$126,462$128,964
Excess or (deficit) for the year$-408$7,724$194$2,502
Net assets or fund balances at beginning of year$118,938$118,530$126,268$126,462
Other changes in net assets or fund balances$0$14$0$0
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$96,846$96,846$0$0
Grants paid from donor advised funds$50
Other grants and allocations$600
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
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$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$2,744$2,744$0$0
Legal fees$88$88$0$0
Supplies$1,328$1,328$0$0
Telephone$612$612$0$0
Postage and shipping$1,514$1,514$0$0
Occupancy$26,350$26,350$0$0
Equipment rental and maintenance$258$258$0$0
Printing and publications$1,769$1,769$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$1,387$1,387$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$60,146$60,146$0$0
Balance Sheets
2003200420052006
Total assets$121,456$129,082$128,812$130,942
Cash - non-interest-bearing$9,748$13,683$10,321$18,590
Savings and temporary cash investments$109,958$114,079$117,171$111,032
Accounts receivable less allowance for doubtful accounts$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$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
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$1,320$1,320$1,320$1,320
Investments - publicly-traded securities$0
Investments - other securities$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$430$0$0$0
Other assets, including program-related investments$0$0$0$0
Total liabilities$2,926$2,814$2,350$1,978
Accounts payable and accrued expenses$2,926$2,814$2,350$1,978
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$0$0$0
Total liabilities and net assets/fund balances$121,456$129,082$128,812$130,942
Total net assets or fund balances$118,530$126,268$126,462$128,964
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2003200420052006
Total revenue$107,098$129,173$90,938$99,348
Total revenue, gains, and other support per audited financial statements$107,098$129,173$90,938$99,348
Other expenses$0$0$0$0
Net unrealized gains on investments$0$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2003200420052006
Total expenses$107,506$121,449$90,744$96,846
Total expenses and losses per audited financial statements$107,506$121,449$90,744$96,846
Other revenue$0$0$0$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings14
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?No
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, 20060
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$4,272$94,269
Program service revenue
Program service revenue 1000000$000$0$86,447
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$0
Membership dues and assessments000000$000$0$7,822
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)$4,272$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
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$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
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 2006)
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 normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
2002200320042005
Total$34,702$37,116$62,650$37,566
Gifts, grants, and contributions received$543$1,226$10,660$439
Membership fees received$6,519$6,410$6,686$7,300
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$24,422$27,000$43,380$26,735
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$3,218$2,480$1,924$3,092
Net income from unrelated business activities not included above$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
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$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
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 Valley Art Center to others? (optional)
  
Add photo of Valley Art Center (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»
Recently Added Reviews
Ackright Premier Sports Inc in San Dimas, CA
*****
Trust Funds Inc in San Francisco, CA
*****
Foothill High School Super Boosters Club in Santa Ana, CA
Hoi Bac Ai Phanxico Franciscan Charity Inc in San Francisco, CA
****
Cuddlybear Thrift Store Inc in Fortuna, CA
****
Apostle Paul Ministries in Hayward, CA
****•
Adat Ari El in N Hollywood, CA
*****
Iglesia De Jesucristo Palabra-Miel in El Cajon, CA
Nze Foundation in Vista, CA
****
Sgi-Usa Endowment in Santa Monica, CA
*
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1San Francisco Museum Of Modern Art172 Minna St, San Francisco, CA 94105-4125CA1937-04$320,850,884
2Asian Art Museum Foundation Of San Francisco200 Larkin St, San Francisco, CA 94102-4734CA1969-06$41,240,546
3Museum Of Contemporary Art250 S Grand Ave, Los Angeles, CA 90012-3007CA1980-03$31,932,203
4Museum Of Contemporary Art San Diego700 Prospect St, La Jolla, CA 92037-4228CA1943-01$21,802,496
5Santa Barbara Museum Of Art1130 State St, Santa Barbara, CA 93101-2713CA1985-04$21,749,975
6Armand Hammer Museum Of Art And Cultural Center Inc10899 Wilshire Blvd, Los Angeles, CA 90024-4343CA1994-03$18,432,778
7San Diego Museum Of Art1450 El Prado, San Diego, CA 92101-1618CA1935-06$13,992,297
8Norton Simon Museum Of Art At Pasadena411 W Colorado Blvd, Pasadena, CA 91105-1825CA1943-05$12,691,618
9Copia The American Center For Wine Food & The Arts500 1st St, Napa, CA 94559-2629CA1997-01$10,223,834
10Putnam Foundation2550 5th Avenue, San Diego, CA 92103-6612CA1952-06$3,212,498
11The Museum Of Art And History At The Mcpherson Center705 Front St, Santa Cruz, CA 95060-4508CA1983-01$2,185,542
12Santa Monica Museum Of Art2525 Michigan Ave Bergamot Stn G1, Santa Monica, CA 90404CA1985-12$2,005,551
13Sonoma Valley Museum Of ArtPO BOX 322, Sonoma, CA 95476-0322CA1998-08$762,904
14Triton Museum Of Art1505 Warburton Ave, Santa Clara, CA 95050-3712CA1965-12$636,027
15Santa Barbara Art AssociationPO BOX 61642, Santa Barbara, CA 93160-1642CA1973-11$76,919
16Twentynine Palms Artists GuildP O Box 115, Twentynine Palms, CA 92277CA1989-03$43,743
17Women Beyond Borders C/O Lorraine Serena1101 Eugenia Place Room/Suite C, Carpinteria, CA 93013-2012CA1997-12$30,191
18The Amir Art Foundation8730 Wilshire Blvd Ste 300, Beverly Hills, CA 90211-2779CA2005-12$0
19The Stowitts Museum And LibraryPo Box 51383, Pacific Grove, CA 93950CA1996-06$0
20The@katherine Siva Saubel Foundation IncPO BOX 373, Banning, CA 92220-0003CA2007-02$0
Number of organizations performing similar types of work
Alaska1
Alabama8
Arizona5
California42
Colorado5
Connecticut7
District of Columbia6
Delaware2
Florida21
Georgia8
Hawaii2
Iowa3
Idaho1
Illinois7
Indiana11
Kansas2
Kentucky3
Louisiana6
Massachusetts17
Maryland7
Maine6
Michigan7
Minnesota8
Missouri4
Mississippi4
Montana7
North Carolina16
North Dakota2
Nebraska2
New Hampshire1
New Jersey3
New Mexico2
Nevada3
New York32
Ohio17
Oklahoma5
Oregon4
Pennsylvania12
Rhode Island5
South Carolina4
Tennessee6
Texas23
Utah1
Virginia9
Vermont3
Washington8
Wisconsin6
West Virginia1
Wyoming1
International2
Total368

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Valley Art Center and has no official or unofficial affiliation with Valley Art Center