Form 990-EZ for tax year 2022

Totals

Total revenue

$123,562

Total expenses

$129,830

Contributions and grants received

$123,065

Grants paid

$37,656

Program service revenue

— not reported

Membership dues (line 3)

— not reported

Investment income (line 4)

$285

Gain or loss on sale of assets (line 5c)

— not reported

Gaming and fundraising events, net (line 6d)

— not reported

Gross profit on inventory sales (line 7c)

$212

Other revenue (line 8)

— not reported

Total assets, end of year

$447,423

Total liabilities, end of year

$30,876

Net assets or fund balances, end of year

$416,547

Program service expenses (Part III)

$66,700

Program services were 51.4% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2022

• CAPSTONE PROJECT AWARDS: Our application-based grants provide funds for student, teacher, department, and community projects. Among them are grants to seniors to help them realize their capstone projects-- in-depth explorations with real-world applications that integrate the academic, artistic, cultural, and personal experiences of an arts-based education. In FY 22-23, in addition ro providing $10k in student funding, the organization seeded a $5k position at the school to place a Capstone Project mentor and advisor in the classrooms.

  Expenses $14,602 · Grants $9,602

• DIVERSITY AND INCLUSION SUPPORT: FOSOTA offers funds management for mission-aligned projects that need access to nonprofit grants. In FY 22-23, the organization managed $50k+ in grant funds for student projects including a dance program for neurodivergent and physically disabled youth, a clothing brand raising funds for LGBTQ+ youth experiencing homelessness, and free senior portraits for low-income students.

  Expenses $43,598

• STUDENT AWARDS: FOSOTA administers and funds scholastic awards that recognize Ruth Asawa School of the Arts students who have demonstrated exceptional achievement, impact, or growth through their academics, creative practices, or community engagement. Awards not only honor individual recipients; they also shine a light on a revolutionary educational model that fosters inquiry, understanding, and agency through the artistic expression of our shared experience. In FY 22-23, the organization awarded students over $6,000.

  Expenses $8,500 · Grants $8,500

As filed on the 2022 return.

Listed in Part IV

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990_ez

Tax year

2022

Filed

8 November 2023

IRS schema version

2022v5.0

Source object

202313129349201046

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