Flux Foundation EIN 27-2261149 Form 990 (PDF) Claim this org

Flux Foundation FY2024 filing

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Engages people in large-scale public art for education, empowerment, and collaboration. For fiscal year 2024 it reported $10K in revenue, $21K in expenses, and $35K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Oakland, CA
Website
www.fluxfoundation.org
Filings
6 on file (2020–2024)
Revenue
$10KFY2024
Expenses
$21K
Net assets
$35K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-2261149 Public charity (501(c)(3)) Oakland, CA
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Engages people in large-scale public art for education, empowerment, and collaboration.
Leadership
Jessica Hobbs · President
Money in and out
$10K revenue, $21K expenses
Bottom line
68% program efficiency
Where the money goes · FY2024
Total revenue
$10K
Pt VIII · Ln 12
Total expenses
$21K
Pt IX · Ln 25
Net assets
$35K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$11K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs
Operating runway
20.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-112%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$10K
FY2024▼ -94%
Expenses
$21K
FY2024▼ -90%
Total assets
$36K
FY2024▼ -23%
Total liabilities
$880
FY2024▲ +36%
Total revenue
$10K
Pt VIII · Ln 12
Total expenses
$21K
Pt IX · Ln 25
Net assets
$35K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$11K
Total assetsPt X · Ln 16$36K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFlux Foundation
EINHdr · item D27-2261149
Principal addressHdr · item COakland, CA
WebsiteHdr · item Jwww.fluxfoundation.org
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 BMFMar 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Flux Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $14K of program spending, described in the organization's own filed words · FY2024.
01

In 2024, FLUX supported the development of large-scale artworks through the use of our workshop infrastructure and the skillset of our team. We supported one organization as a fiscal sponsor, providing technical support and consultation to enable them to bring to life a large-scale collaborative artwork.

$14Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$10K
Total revenueLn 12$10K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$14K
Management & general32%$7K
Total functional expensesLn 25$21K

Balance Sheet

Part X · end of year
CashLn 1$36K
Total assetsLn 16$36K
Total liabilitiesLn 26$880
Total net assetsLn 32$35K
Months of cash on handcomputed20.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $36K · Operating expenses/yr $21K
20.3 months
Where the money goes
Program services
Program services $14K · Total expenses $21K
68%
Management & General
Management & general $7K · Total expenses $21K
32%
Fundraising
Fundraising $0 · Total expenses $21K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $265K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $10K · Total revenue $10K
100%
Government reliance
Government grants — · Total revenue $10K
Earned-income share
Program service revenue $0 · Total revenue $10K
0%
Investment reliance
Investment income $0 · Total revenue $10K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $21K
0%
Growth & trend
Revenue growth (YoY)
This year $10K · Prior year $171K
-94%
Revenue CAGR
FY2020 $136K · FY2024 $10K
-48%
Net-asset trend (YoY)
End of year $35K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $10K · Expenses $21K
-112%
Liabilities-to-Assets
Total liabilities — · Total assets $36K
Net-asset ratio
Net assets $35K · Total assets $36K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $36K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jessica Hobbs · Reported title President · Highest reported compensation $0 · Total expenses $21K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $21K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Revenue growth -94%
Accounting fee ratio 25%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$5K
Grants paid · 17 grants · $1.1M · 2020–2025
Unitemized GrantFY2025$69,750
Cosmic CarouselFY2025$9,300
Unitemized GrantFY2024$9,300
Synthesis LLCFY2023$152,700
House of Fabl LLCFY2023$54,236
Arts EnablerFY2022$190,000
Big Picture Builders LLCFY2022$150,618
Synthesis LLCFY2022$68,104
The Good WasabiFY2022$55,538
Supermegaultra LLCFY2022$47,207
Shing KongFY2022$6,375
Supermegaultra LLCFY2021$93,623
Shing KongFY2021$66,385
The Good WasabiFY2021$40,572
Five Ton Crane LLCFY2021$30,000
Supermegaultra LLCFY2020$86,030
The Good WasabiFY2020$19,530

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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)$85K revenue · ⤓ 990 PDF
FY2024$10K revenue · viewing · ⤓ 990 PDF
FY2023$171K revenue · ⤓ 990 PDF
FY2022$615K revenue · ⤓ 990 PDF
FY2021$229K revenue · ⤓ 990 PDF
FY2020$136K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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