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← LIBERATION PARK MARKET HALL

Form 990 for tax year 2023

Filed by LIBERATION PARK MARKET HALL.

Totals

Total revenue
$11,121
Total expenses
$8,844
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$11,121
Other revenue
$0
Total assets, end of year
$839,433
Total liabilities, end of year
$290,673
Net assets or fund balances, end of year
$548,760
Program services expenses (Part IX)
$5,002
Management and general expenses
$3,221
Fundraising expenses
$621
Program service expenses (Part III)
$5,002

Program services were 56.6% 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 $11,121 · excluded $11,121

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,669 · program services $963 · management and general $587 · fundraising $119

  • 11c · Fees: accounting

    total $7,000 · program services $4,039 · management and general $2,459 · fundraising $502

  • 13 · Office expenses

    total $175 · management and general $175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $554,008 · end of year $564,954

  • 15 · Other assets

    beginning of year $181,079 · end of year $274,479

  • 17 · Accounts payable and accrued expenses

    beginning of year $188,604 · end of year $290,673

  • 27 · Net assets without donor restrictions

    beginning of year $546,483 · end of year $548,760

Mission and programs · 2023

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 $5,002

As filed on the 2023 return.

Listed in Part VII

  • Carolyn Johnson

    PRESIDENT, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 40 related

  • Joshua Simon

    TREASURER, BOARD MEMBER

    Total calculated
    $194,070
    From this org
    $0
    From related orgs
    $164,070
    Other
    $30,000
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,070 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $194,070 related

  • Kiyoshi Ikeda

    SECRETARY, BOARD MEMBER

    Total calculated
    $55,500
    From this org
    $0
    From related orgs
    $55,500
    Other
    $0
    Hours/week
    0.2 + 40 related

  • Michael Gaston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Moy Eng

    FORMER PRESIDENT, BOARD CHAIR

    Total calculated
    $158,598
    From this org
    $0
    From related orgs
    $131,098
    Other
    $27,500
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $131,098 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,500 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $158,598 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. 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

Answered yes

  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CAST 1007 MARKET LLC

    REAL ESTATE · CA

  • CAST 80 TURK LLC

    REAL ESTATE · CA

  • CAST POWERHOUSE QALICB LLC

    REAL ESTATE · CA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CAST POWERHOUSE MANAGER LLC

    C · INVESTING · CA

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202403149349300825

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