Borrego Art Institute

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EIN 20-2491691 Public charity (501(c)(3)) Borrego Spgs, CA NTEE A20
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$498K
FY2025▲ +19%
Expenses
$581K
FY2025▼ -7%

Form 990 for the fiscal year ending June 2025 (IRS tax year 2024).


Showcases local art, teaches artists, and offers youth scholarships. For fiscal year 2025 it reported $498K in revenue, $581K in expenses, and $1.5M in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Borrego Spgs, CA
Website
www.borregoartinstitute.com
Filings
6 on file (2020–2025)
Revenue
$498KFY2025
Expenses
$581K
Net assets
$1.5M
People
9
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Provided by the organization

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Size
$100K–1M
What they do
Showcases local art, teaches artists, and offers youth scholarships.
Leadership
Kay Levie · Vice President · $34K
Money in and out
$498K revenue, $581K expenses
Bottom line
82% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Robert and Audrey Zinser Charitable Foundation

1 distinct foundation funder(s) on file, $2K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

82% to programs

82% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +19% vs prior year

Revenue band $100K–1M, +19% versus the prior filing year (up). See detail →

Where the money goes · FY2025
Total revenue
$498K
Pt VIII · Ln 12
Total expenses
$581K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$83K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.17 Fundraising $0.01
Program efficiency
82%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
2.5mo
months of highly liquid reserves at operating expense rate▼ -31% vs prior filing year
Surplus margin
-17%
revenue over expenses, this year▲ +66% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$1.6M
FY2025▼ -7%
Total liabilities
$133K
FY2025▼ -21%
Revenue less expensesPt I · Ln 19−$83K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CBorrego Art Institute
EINHdr · item D20-2491691
Principal addressHdr · item CBorrego Spgs, CA
WebsiteHdr · item Jwww.borregoartinstitute.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFFeb 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vice President
$34,016Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kay Levie’s $34K as Vice President is at the 29th percentile of top reported officer pay among 2215 $100K–1M 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

NameFY2025FY2024FY2023FY2022FY2021
Kay Levie$34,016$32,820$18,149$11,120$6,342

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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Mission & Programs · Part III

Where the work happens

3 program services account for $476K of program spending, described in the organization's own filed words · FY2024.
01

Provided an opportunity to display local artist works to educate the community. Provided a learning center for artist of all ages.

$289Kprogram expense
02

ArtPark is the outdoor portion of the Borrego Art Institute campus, a creative blend of community gardens, orchard, and stunning desertscape, Here you can get hands-on education on creating a sustainable and ecofriendly environment, take a healthy eating stroll and enjoy the serenity of an ever-changing desert garden.

$122Kprogram expense
03

Provide art workshops for the youth and general public.

$65Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$215K · 43%
Program service revenue$214K · 43%
Other revenue$69K · 14%
Contributions & grants43%$215K
Program service revenue43%$214K
Other revenue14%$69K
— government grantsLn 1e$79K
Total revenueLn 12$498K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.17 Fundraising $0.01
Program services82%$476K
Management & general17%$99K
Fundraising1%$6K
Total functional expensesLn 25$581K

Balance Sheet

Part X · end of year
CashLn 1$113K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$133K
Total net assetsLn 32$1.5M
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $113K · Operating expenses (Pt IX) $581K · Less non-cash grants $34K · Cash operating expenses/yr $547K
2.5 months
Where the money goes
Program services
Program services $476K · Total expenses $581K
82%
Management & General
Management & general $99K · Total expenses $581K
17%
Fundraising
Fundraising $6K · Total expenses $581K
1.0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $186K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $215K · Total revenue $498K
43%
Government reliance
Government grants $79K · Total revenue $498K
16%
Earned-income share
Program service revenue $214K · Total revenue $498K
43%
Investment reliance
Investment income $-13K · Total revenue $498K
-3%
Program self-sufficiency
Program service revenue $214K · Total expenses $581K
37%
Growth & trend
Revenue growth (YoY)
This year $498K · Prior year $418K
+19%
Revenue CAGR
FY2019 $377K · FY2024 $498K
+6%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $498K · Expenses $581K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
—
Net-asset ratio
Net assets $1.5M · Total assets $1.6M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.6M
0%
People & payroll
Highest Reported Total Compensation
Individual Kay Levie · Reported title Vice President · Highest reported compensation $34K · Total expenses $581K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $224K · Total expenses $581K
39%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%——
Overhead ratio 17%——
Fundraising cost ratio 3%——
Revenue growth 19%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 1.0%——

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 · FY2025
Total grants receivedfrom 1 funder$2K

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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
FY2025 (Latest)$498K revenue · viewing · ⤓ 990 PDF
FY2024$418K revenue · ⤓ 990 PDF
FY2023$537K revenue · ⤓ 990 PDF
FY2022$673K revenue · ⤓ 990 PDF
FY2021$575K revenue · ⤓ 990 PDF
FY2020$377K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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