Transformative Arts EIN 16-1779783

Transformative Arts FY2021 filing

EIN  16-1779783 Public charity (501(c)(3)) Los Angeles, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
an arts and culture nonprofit
Leadership
Jill Moniz · Art Director · $49K
Money in and out
$290K revenue, $228K expenses
Bottom line
81% program efficiency

Transformative Arts is an arts and culture nonprofit based in Los Angeles, CA. For fiscal year 2021 it reported $290K in revenue, $228K in expenses, and $62K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$290K
Pt VIII · Ln 12
Total expenses
$228K
Pt IX · Ln 25
Net assets
$62K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $62K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.19
Program efficiency
81%
of spending reaches programs
Operating runway
3.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$290K
FY2021
Expenses
$228K
FY2021
Total assets
$62K
FY2021
Total liabilities
$0
FY2021
Total revenue
$290K
Pt VIII · Ln 12
Total expenses
$228K
Pt IX · Ln 25
Net assets
$62K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$62K
Total assetsPt X · Ln 16$62K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $186K of program spending, described in the organization's own filed words · FY2021.
01

Artwork and tshirt sales

$186Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTransformative Arts
EINHdr · item D16-1779783
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jtransformativenow.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A23)
Ruling yearIRS BMFJun 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Art Director
$49,400Pt VII · Sec A
Board Presid
$0Pt VII · Sec A

Jill Moniz’s $49K as Art Director is at the 95th percentile of top reported officer pay among 250 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Jill Moniz$49,400$49,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$159K · 55%
Contributions & grants$131K · 45%
Program service revenue55%$159K
Contributions & grants45%$131K
— government grantsLn 1e$90K
Total revenueLn 12$290K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19
Program services81%$186K
Management & general19%$43K
Total functional expensesLn 25$228K

Balance Sheet

Part X · end of year
CashLn 1$62K
Total assetsLn 16$62K
Total liabilitiesLn 26$0
Total net assetsLn 32$62K
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $62K · Operating expenses (Pt IX) $228K · Less non-cash grants $3K · Cash operating expenses/yr $225K
3.3 months
Where the money goes
Program services
Program services $186K · Total expenses $228K
81%
Management & General
Management & general $43K · Total expenses $228K
19%
Fundraising
Fundraising $0 · Total expenses $228K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $41K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $131K · Total revenue $290K
45%
Government reliance
Government grants $90K · Total revenue $290K
31%
Earned-income share
Program service revenue $159K · Total revenue $290K
55%
Investment reliance
Investment income $0 · Total revenue $290K
0%
Program self-sufficiency
Program service revenue $159K · Total expenses $228K
70%
Growth & trend
Revenue growth (YoY)
This year $290K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $62K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $290K · Expenses $228K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $62K
Net-asset ratio
Net assets $62K · Total assets $62K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $62K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jill Moniz · Reported title ART DIRECTOR · Highest reported compensation $49K · Total expenses $228K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $49K · Total expenses $228K
22%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 19%
Fundraising cost ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$30K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$193K revenue · ⤓ 990 PDF
FY2022$435K revenue · ⤓ 990 PDF
FY2021$290K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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