Purchasing and leasing space for the exclusive use of nonprofit arts organizations serving low income communities.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$583K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $1.1M a year · 23% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$583K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
41 mo
of spending, in cash
Looks good: 41.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $80K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$382K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.1M
+142% vs prior year
Spent
$2.0M
To programs
66%
Net assets
$31.9M
By yearFY2020–FY2024
Revenue
$9.1M
FY2021▲ +142%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$9.1M
FY2022$1.3M
FY2023$6.3M
FY2024$4.0M
Expenses
$2.0M
FY2021▲ +97%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$2.0M
FY2022$4.4M
FY2023$7.2M
FY2024$4.1M
Net assets
$31.9M
FY2021▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$24.6M
FY2021$31.9M
FY2022$29.0M
FY2023$28.1M
FY2024$27.9M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $1.3M Management & general 23% · $461K Fundraising 11% · $228K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $583K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$246,063Pt VII · Sec A
Senior Advisor
$180,000Pt VII · Sec A
Director of Finance and Operations
$157,150Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Kiyoshi Ikeda’s $233K as Chief Executive Officer is at the 94th percentile of top reported officer pay among 3869 $1–10M human services 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Moy Eng—$158,598$270,019$246,063$247,235
Kiyoshi Ikeda$233,192$55,500———
Joshua Simon$196,167$194,070$192,773$180,000—
Carolyn Choy$159,888$167,367$148,618——
Owen Levin—$131,124$156,590$157,150—
Matthew McTire$136,038$120,590———
Yi Zhong$133,531$130,963———
David Keenan$116,069————

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable space for arts groups serving low-income communities.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2021
01

Community art stabilization trust creates stable physical spaces for arts and cultural organizations, properties for purchase or master leasing, and implementing complementary initiatives which build knowledge and capability of arts organizations to make thoughtful, informed decisions regarding real estate matters.

$1.3Mprogram expense

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$80K
Grants paid · 3 grants · $3.1M · 2022–2024
Cast 447 Minna LLCCA · FY2023$505,852
Cast 447 Minna LLCCA · FY2022$1,955,433

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$9.1M
Ln 12
Gifts and grantsLn 1h$8.8M
Investment incomeLn 3$328K
Fees for servicesLn 2g$2K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.3M
Managementcol C$461K
Fundraisingcol D$228K
Owns and owesPt X
$31.9M
net assets · Ln 32
Cash and savingsLn 1–2$6.9M
Total assetsLn 16$32.3M
LiabilitiesLn 26$382K
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.8M
Government grantsLn 1e$142K
Fees for servicesLn 2g$2K
Investment incomeLn 3$328K
Total revenueLn 12$9.1M
Assets in detailPt X, end of year
CashLn 1$6.9M
Cash and savings togetherLn 1–2$6.9M
InvestmentsLn 11–13$1.4M
Other assetsLn 15$1.4M
Total assetsLn 16$32.3M
LiabilitiesLn 26$382K
Net assetsLn 32$31.9M
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$4.3M$6.9M
InvestmentsLn 11–13$1.4M$1.4M
Total assetsLn 16$27.4M$32.3M
LiabilitiesLn 26$2.8M$382K
Net assetsLn 32$24.6M$31.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35K$35K
Pay of current officers, directors and key staffLn 5$588K$332K$165K$91K
Other salaries and wagesLn 7$477K$269K$134K$74K
Other employee benefitsLn 9$83K$47K$23K$13K
Payroll taxesLn 10$71K$40K$20K$11K
Accounting feesLn 11c$91K$50K$35K$6K
Other fees for servicesLn 11g$12K$7K$5K$737
Office expensesLn 13$227K$130K$68K$28K
OccupancyLn 16$30K$17K$9K$4K
Conferences, conventions and meetingsLn 19$1K$847$442$184
InterestLn 20$165K$165K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$8K$5K$2K$985
Other expenses (24a–d)Ln 24$222K$222K
Total functional expensesLn 25$2.0M$1.3M$461K$228K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.0M$4.1M−$159K$27.9M 990 PDF
FY2023 $6.3M$7.2M−$911K$28.1M 990 PDF
FY2022 $1.3M$4.4M−$3.1M$29.0M 990 PDF
FY2021 Viewing $9.1M$2.0M$7.1M$31.9M 990 PDF
FY2020 $3.7M$1.0M$2.7M$24.6M 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
See the full FY2021 990 (6 parts)
Part I · Summary $9,083,896 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,702,536$8,753,180
I-9 Program service revenuePrior year $941,092$2,400
I-10 Investment incomePrior year $278,641$328,316
I-11 Other revenuePrior year −$175,763$0
I-12 Total revenuePrior year $3,746,506$9,083,896
I-13 Grants and similar amounts paidPrior year $0$35,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $852,707$1,218,493
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $167,698$757,735
I-18 Total expensesPrior year $1,020,405$2,011,228
I-19 Revenue less expensesPrior year $2,726,101$7,072,668
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,083,896 across 6 lines filed
VIII-1e Government grants$142,000
VIII-1f All other contributions, gifts and grants$8,611,180
VIII-1h Total contributions, gifts and grants$8,753,180
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,400$2,400
VIII-3 Investment incomeRelated to mission $234,499 · Excluded from tax $93,817$328,316
VIII-12 Total revenueRelated to mission $236,899 · Unrelated business $0 · Excluded from tax $93,817$9,083,896
Part IX · Statement of functional expenses $2,011,228 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $35,000$35,000
IX-5 Pay of current officers, directors and key staffPrograms $332,023 · Management $165,235 · Fundraising $90,805$588,063
IX-7 Other salaries and wagesPrograms $269,286 · Management $134,014 · Fundraising $73,647$476,947
IX-9 Other employee benefitsPrograms $46,676 · Management $23,229 · Fundraising $12,766$82,671
IX-10 Payroll taxesPrograms $39,981 · Management $19,897 · Fundraising $10,934$70,812
IX-11c Accounting feesPrograms $50,441 · Management $34,664 · Fundraising $5,670$90,775
IX-11g Other fees for servicesPrograms $6,559 · Management $4,507 · Fundraising $737$11,803
IX-13 Office expensesPrograms $130,238 · Management $67,950 · Fundraising $28,313$226,501
IX-16 OccupancyPrograms $17,020 · Management $8,880 · Fundraising $3,700$29,600
IX-19 Conferences, conventions and meetingsPrograms $847 · Management $442 · Fundraising $184$1,473
IX-20 InterestPrograms $165,423$165,423
IX-22 Depreciation, depletion and amortizationPrograms $1,860$1,860
IX-23 InsurancePrograms $4,530 · Management $2,363 · Fundraising $985$7,878
IX-24 Other expenses (24a–d)Programs $222,422$222,422
IX-25 Total functional expensesPrograms $1,322,306 · Management $461,181 · Fundraising $227,741$2,011,228
Part X · Balance sheet $32,285,365 assets, 15 lines filed
Asset lines not itemized here account for $19,659,297; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $4,341,943$6,877,603
X-3 Pledges and grants receivableStart of year $300,000$2,400,000
X-4 Accounts receivableStart of year $574,553$583,110
X-9 Prepaid expenses and deferred charges$3,000
X-13 Program-related investmentsStart of year $1,357,165$1,358,077
X-14 Intangible assets$0
X-15 Other assetsStart of year $206,716$1,404,278
X-16 Total assetsStart of year $27,402,808$32,285,365
X-17 Accounts payable and accrued expensesStart of year $377,891$381,961
X-25 Other liabilitiesStart of year $2,419,375$0
X-26 Total liabilitiesStart of year $2,797,266$381,961
X-27 Net assets without donor restrictionsStart of year $16,572,698$26,311,846
X-28 Net assets with donor restrictionsStart of year $8,032,844$5,591,558
X-32 Total net assets or fund balancesStart of year $24,605,542$31,903,404
X-33 Total liabilities and net assetsStart of year $27,402,808$32,285,365
Part XI · Reconciliation of net assets $31,903,404 net assets at year end
XI-1 Total revenue$9,083,896
XI-2 Total expenses$2,011,228
XI-3 Revenue less expenses$7,072,668
XI-4 Net assets at start of year$24,605,542
XI-9 Other changes in net assets$225,194
XI-10 Net assets at end of year$31,903,404

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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