Pulse Arts EIN 83-1467603

Pulse Arts

EIN  83-1467603 Public charity (501(c)(3)) Los Angeles, CA
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Size
$100K–1M
What they do
an arts and culture nonprofit
Leadership
Keysha Bayness · Executive Director · $79K
Money in and out
$136K revenue, $212K expenses
Bottom line
100% program efficiency

Pulse Arts is an arts and culture nonprofit based in Los Angeles, CA. For fiscal year 2024 it reported $136K in revenue, $212K in expenses, and $-433 in net assets.Pt I

Where the money goes · FY2024
Total revenue
$136K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$-433
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$76K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs▲ +12% vs prior filing year
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate▼ -98% vs prior filing year
Surplus margin
-56%
revenue over expenses, this year▼ -346% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$136K
FY2024▼ -42%
Expenses
$212K
FY2024▲ +17%
Total assets
$975
FY2024▼ -99%
Total liabilities
$1K
FY2024▲ +215%
Total revenue
$136K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$-433
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$76K
Total assetsPt X · Ln 16$975
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $197K of program spending, described in the organization's own filed words · FY2024.
01

Lausd

This year we served 9 schools and approximately 5,500 students and 4 parent communities. Weve been responding to the school community needs and district priorities and offered more parent engagement activities through art. This increases parent support extends to student participation.

$165Kprogram expense
02

La Promise Fund

We expanded our programming support for the Girls Build program to include 2 program retreats that supported 6 middle and high schools, virtual programming that supported 20 schools in LA County, virtual awards ceremony, and in school programing for the 24-25 school year.

$19Kprogram expense
03

La County

We did a toy distribution for 600 high school students at Diego Rivera Learning Complex in Unincorporated LA for the holidays. We also provided free weekly art programs to Angeles Mesa Elementary for their students with disabilities in partnership with Otis School of Art and Design and the program culminated with a field trip to The…

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPulse Arts
EINHdr · item D83-1467603
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A25)
Ruling yearIRS BMFAug 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$78,600Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Keysha Bayness’s $79K as Executive Director is at the 73rd percentile of top reported officer pay among 2213 $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 · 3 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
Keysha Bayness$78,600$64,625
Keysha Baynes$18,750
Allison Frenzel$1,900

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
Contributions & grants100%$136K
Investment income$129
— government grantsLn 1e$126K
Total revenueLn 12$136K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$212K
Total functional expensesLn 25$212K

Balance Sheet

Part X · end of year
CashLn 1$975
Total assetsLn 16$975
Total liabilitiesLn 26$1K
Total net assetsLn 32$-433
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $975 · Operating expenses/yr $212K
0.1 months
Where the money goes
Program services
Program services $212K · Total expenses $212K
100%
Management & General
Management & general $0 · Total expenses $212K
0%
Fundraising
Fundraising $0 · Total expenses $212K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $16K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $136K · Total revenue $136K
100%
Government reliance
Government grants $126K · Total revenue $136K
93%
Earned-income share
Program service revenue $0 · Total revenue $136K
0%
Investment reliance
Investment income $129 · Total revenue $136K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $212K
0%
Growth & trend
Revenue growth (YoY)
This year $136K · Prior year $235K
-42%
Net-asset trend (YoY)
End of year $-433 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $136K · Expenses $212K
-56%
Liabilities-to-Assets
Total liabilities — · Total assets $975
Net-asset ratio
Net assets $-433 · Total assets $975
-44%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $975
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Keysha Bayness · Reported title Executive Director · Highest reported compensation $79K · Total expenses $212K
37%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $103K · Total expenses $212K
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -42%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%

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 · FY2024
Total grants receivedfrom 1 funder$10K

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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
FY2024 (Latest)$136K revenue · viewing · ⤓ 990 PDF
FY2023$235K revenue · ⤓ 990 PDF
FY2022$124K revenue · ⤓ 990 PDF
FY2021$16K revenue · ⤓ 990 PDF
FY2020$12K 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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