Form 990 for tax year 2023

Totals

Total revenue

$1,675,865

Total expenses

$507,688

Contributions and grants received

$150,300

Grants paid

$300,000

Program service revenue

$0

Investment income

$1,157,725

Other revenue

$367,840

Total assets, end of year

$36,892,704

Total liabilities, end of year

$39,316

Net assets or fund balances, end of year

$36,853,388

Program services expenses (Part IX)

$478,594

Management and general expenses

$29,094

Fundraising expenses

$0

Program service expenses (Part III)

$478,594

Program services were 94.3% 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.

Mission and programs · 2023

• TO ADMINISTER AND MAINTAIN THE PERMANENT, IRREVOCABLE ENDOWMENT FUND AND TO PROVIDE FINANCIAL SUPPORT FOR THE OPERATION OF A PERFORMING ARTS CENTER.

  Expenses $342,833 · Grants $300,000 · Revenue $1,157,725

• THE ORGANIZATION PROVIDED THE CONCESSION OPERATIONS FOR THE GALLO CENTER FOR THE ARTS, INC.

  Expenses $135,761 · Revenue $367,840

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• GALLO CENTER FOR THE ARTS INC

  $300,000

  SUPPORTED ORGANIZATION (SEE SCHEDULE A)

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.

• GALLO CENTER FOR THE ARTS INC

  501(C)(3) · TO LEASE AND OPERATE THE REGIONAL ART CENTER. · CA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

4 March 2025

IRS schema version

2023v6.0

Source object

202540949349301454

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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