Modernism Week FY2021 filing

Palm Springs, CA · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible
Revenue
$753K
Spent
$902K
To programs
76%
Net assets
$1.1M
By yearFY2021–FY2025
Revenue
$753K
FY2021
Revenue by fiscal year
FY2021$753K
FY2022$2.9M
FY2023$3.6M
FY2024$3.9M
FY2025$3.8M
Expenses
$902K
FY2021
Expenses by fiscal year
FY2021$902K
FY2022$2.4M
FY2023$3.3M
FY2024$4.1M
FY2025$3.9M
Net assets
$1.1M
FY2021
Net assets by fiscal year
FY2021$1.1M
FY2022$1.5M
FY2023$1.8M
FY2024$1.6M
FY2025$1.4M

From the FY2021 Form 990 (year ending May 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CModernism Week
EINHdr · item D27-1259579
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2010
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CPalm Springs, CA
NTEE classificationIRS BMFArts & Culture (A20)
WebsiteHdr · item Jmodernismweek.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.21 Fundraising $0.03
Program services76%$683K
Management & general21%$188K
Fundraising3%$30K
Total functional expensesLn 25$902K

Financial health

Is it on solid ground?

Program efficiency
76%
of spending reaches programs
Operating runway
14.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.1M
FY2021
Total assets by fiscal year
FY2021$1.1M
FY2022$1.5M
FY2023$1.9M
FY2024$1.7M
FY2025$1.5M
Total liabilities
$51K
FY2021
Total liabilities by fiscal year
FY2021$51K
FY2022$0
FY2023$33K
FY2024$153K
FY2025$89K
Revenue less expensesPt I · Ln 19−$149K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$1.1M
Total liabilitiesLn 26$51K
Total net assetsLn 32$1.1M
Months of cash on handcomputed14.5

Statement of Revenue

Part VIII
Program service revenue$494K · 66%
Contributions & grants$237K · 32%
Other revenue$19K · 3%
Program service revenue66%$494K
Contributions & grants32%$237K
Other revenue3%$19K
Investment income$2K
— government grantsLn 1e$51K
Total revenueLn 12$753K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $902K
14.5 months
Where the money goes
Program services
Program services $683K · Total expenses $902K
76%
Management & General
Management & general $188K · Total expenses $902K
21%
Fundraising
Fundraising $30K · Total expenses $902K
3%
Cost to raise $1
Fundraising expense $30K · Solicited contributions $186K
$0.16 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $237K · Total revenue $753K
32%
Government reliance
Government grants $51K · Total revenue $753K
7%
Earned-income share
Program service revenue $494K · Total revenue $753K
66%
Investment reliance
Investment income $2K · Total revenue $753K
+0.3%
Program self-sufficiency
Program service revenue $494K · Total expenses $902K
55%
Growth & trend
Revenue growth (YoY)
This year $753K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $753K · Expenses $902K
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
—
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.1M
0%
People & payroll
Highest Reported Total Compensation
Individual Chris Mobley · Reported title President & CEO · Highest reported compensation $169K · Total expenses $902K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $309K · Total expenses $902K
34%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%——
Overhead ratio 21%——
Fundraising cost ratio 13%——
Investment management fee ratio 0%——
Legal fee ratio 0.2%——
Accounting fee ratio 2%——
Fundraising fee 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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$169,297Pt VII · Sec A
Executive Dir.
$167,272Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lisa Smith’s $216K as CEO is at the 87th percentile of top reported officer pay among 3924 $1–10M 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Lisa Smith$215,618$199,628———
Lisa Smith——$175,287$158,620$167,272
Chris Mobley————$169,297
John Miraglia$136,250$102,833———
Davy Aker—$125,244———
Sara Dawson$107,483$100,950———
Alex Lee$102,717————

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.

See Modernism Week executive salaries →

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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Celebrates and fosters appreciation of midcentury architecture and design through education and preservation.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $683K of program spending, described in the organization's own filed words · FY2020.
01

The showcasing and recognition of the mid-century period of design and architecture. Events and activities held to meet this end and to utilize any surplus funds to a)offer scholarships to local students who wish to pursue studies in the field and b) present and grow the event for the following year.

$683Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$14K
Grants paid · 13 grants · $460K · 2020–2024
Onefuture Coachella ValleyCA · FY2024$61,250
Palm Springs Art MuseumCA · FY2024$60,000
Wildfire Recovery FundDC · FY2024$10,000
FallingwaterPA · FY2024$10,000
Palm Springs Art MuseumCA · FY2023$115,000
Onefuture Coachella ValleyCA · FY2023$35,000
Onefuture Coachella ValleyCA · FY2022$19,000
Onefuture Coachella ValleyCA · FY2021$14,250
One Future Coachella ValleyFY2020$10,000

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $3.8M$3.9M-3% 990 PDF
FY2024 $3.9M$4.1M+7% 990 PDF
FY2023 $3.6M$3.3M+25% 990 PDF
FY2022 $2.9M$2.4M+285% 990 PDF
FY2021 Viewing $753K$902K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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