Totals
- Total revenue
- $5,656
- Total expenses
- $30,602
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $5,656
- Other revenue
- $0
- Total assets, end of year
- $978,461
- Total liabilities, end of year
- $454,647
- Net assets or fund balances, end of year
- $523,814
- Program services expenses (Part IX)
- $24,500
- Management and general expenses
- $6,102
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $24,500
Program services were 80.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
3 · Investment income
total $5,656 · excluded $5,656
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $5,000 · management and general $5,000
-
11g · Fees: other
total $24,500 · program services $24,500
-
13 · Office expenses
total $1,102 · management and general $1,102
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $564,954 · end of year $570,307
-
15 · Other assets
beginning of year $274,479 · end of year $408,154
-
17 · Accounts payable and accrued expenses
end of year $42,613
-
25 · Other liabilities
beginning of year $290,673 · end of year $412,034
-
27 · Net assets without donor restrictions
beginning of year $548,760 · end of year $523,814
Mission and programs · 2024
Mission
TO CREATE STABLE PHYSICAL SPACES FOR ARTS AND CULTURAL ORGANIZATIONS TO FACILITATE EQUITABLE URBAN TRANSFORMATION.
Activities or mission (Part I)
PURCHASING, REHABILITATING, AND LEASING SPACE FOR THE EXCLUSIVE USE OF NONPROFIT ARTS ORGANIZATIONS SERVING LOW INCOME COMMUNITIES.
-
CONSTRUCTION OF REAL ESTATE IN OAKLAND, CALIFORNIA TO CREATE ART AND ARTIST OFFICE, WORK AND PERFORMANCE SPACES
Expenses $24,500
As filed on the 2024 return.
Listed in Part VII
-
Carolyn JohnsonCAROLYN JOHNSON
PRESIDENT, BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 40 related
-
Joshua SimonJOSHUA SIMON
TREASURER, BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 40 related
-
Kiyoshi IkedaKIYOSHI IKEDA
SECRETARY, BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 40 related
-
Michael GastonMICHAEL GASTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
COMMUNITY ARTS STABILIZATION TRUST
501(C)(3) · REAL ESTATE · CA
-
BLACK CULTRUAL ZONE COMMUNITY DEVELOPMENT CORPORATION
501(C)(3) · REAL ESTATE · CA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541199349300539
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