Southern Exposure

Tax-deductible

San Francisco, CA501(c)(3)Arts & CultureEIN 93-1216297

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Southern Exposure is an artist-centered non-profit organization that is committed to supporting visual artists. Through our innovative programming, SoEx strives to experiment, collaborate and educate while providing an extraordinary resource for artists.

501(c)(3) charity; gifts are tax-deductible.
45¢ of each $1 spent went to programs.
Run by 61 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 deficit $42K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$185K
to officers and key staff · 20% of spending
Top officer’s pay higher than 76% of similar orgs
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $301K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$71K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$662K
-26% vs prior year
Spent
$903K
To programs
45%
Net assets
$123K
By yearFY2020–FY2024
Revenue
$662K
FY2024▼ -26%
Revenue by fiscal year
FY2020$544K
FY2021$911K
FY2022$711K
FY2023$896K
FY2024$662K
Expenses
$903K
FY2024▲ +11%
Expenses by fiscal year
FY2020$625K
FY2021$734K
FY2022$857K
FY2023$816K
FY2024$903K
Net assets
$123K
FY2024▼ -66%
Net assets by fiscal year
FY2020$253K
FY2021$431K
FY2022$284K
FY2023$364K
FY2024$123K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2000.

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

Where the money goes

45 cents of each dollar spent went to programs.

Program services 45% · $410K Management & general 35% · $318K Fundraising 19% · $175K

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

15 people listed on the 990; $185K paid to officers and key staff.

Part VII, Section A · reportable compensation
Artistic Dir.
$80,437Pt VII · Sec A
Int. Exec Dir.
$74,125Pt VII · Sec A
Executive Dir.
$30,135Pt VII · Sec A
President
$0Pt VII · Sec A
Int. Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Valerie Imus’s $80K as Artistic Dir. is at the 76th percentile of top reported officer pay among 2216 $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

NameFY2024FY2023FY2022FY2021FY2020
Valerie Imus$80,437$77,190$75,499$72,100$70,000
Elizabeth Brodersen$74,125—$63,000——
Margaret McCarthy$30,135$59,086$55,956$72,100$70,000

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 Southern Exposure executive salaries →

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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

Supports visual artists through innovative programs for experimentation, collaboration, and education.

Provided by the organization

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3 programs · $402K · in their own filed words · FY2024
01

The Projects, Events and Exhibitions Program offers visual artists the opportunity to work in formats and contexts that extend and challenge their artistic development and offers exposure to new audiences.

$171Kprogram expense
02

Alternative Exposure Grant Program, a major re-granting initiative created in partnership with the Warhol Foundation, offered $65,000 in grants in 2024 to independent groups working in the visual arts.

$117Kprogram expense
03

The Artists in Education Program is a dynamic cultural framework with a mission to provide at-risk and socio-economically disadvantaged Bay Area youth access and enrichment through the visual arts.

$114Kprogram 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
See all 10 funders →
Grants paid · 5 grants · $320K · 2020–2024
Unitemized GrantFY2024$65,000
Unitemized GrantFY2023$51,000
Unitemized GrantFY2022$65,000
Unitemized GrantFY2021$59,990
Unitemized GrantFY2020$79,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$662K
Ln 12
Gifts and grantsLn 1h$466K
Fees for servicesLn 2g$191K
Other incomeLn 4–11$5K
Money outPt IX
$903K
Ln 25
Programscol B$410K
Managementcol C$318K
Fundraisingcol D$175K
Owns and owesPt X
$123K
net assets · Ln 32
Cash and savingsLn 1–2$109K
Total assetsLn 16$194K
LiabilitiesLn 26$71K
PeoplePt VI, VII
15
listed · VII A
PaidVII A3
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$466K
Government grantsLn 1e$164K
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$100K
Fees for servicesLn 2g$191K
Investment incomeLn 3$22
Other incomeLn 4–11$5K
Gains on assetsLn 7$0
Total revenueLn 12$662K
Assets in detailPt X, end of year
CashLn 1$109K
SavingsLn 2$0
Cash and savings togetherLn 1–2$109K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$0
Total assetsLn 16$194K
LiabilitiesLn 26$71K
Net assetsLn 32$123K
OperationsPt I, VI
EmployeesI 59
VolunteersI 661
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$114K$109K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$21K$4K
Total assetsLn 16$490K$194K
LiabilitiesLn 26$126K$71K
Net assetsLn 32$364K$123K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$65K$65K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$206K$89K$91K$27K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$215K$157K$24K$34K
Pension plan contributionsLn 8$1K$1K
Other employee benefitsLn 9$7K$6K$1K
Payroll taxesLn 10$25K$18K$3K$4K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$23K$23K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$4K$4K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$68K$49K$13K$6K
Advertising and promotionLn 12$621$150$471
Office expensesLn 13$67K$14K$25K$29K
Information technologyLn 14$8K$6K$2K
RoyaltiesLn 15$0
OccupancyLn 16$101K$101K
TravelLn 17$6K$3K$3K$45
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$215$215
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$17K$6K$6K$5K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$80K$4K$12K$63K
All other expensesLn 24e$0
Total functional expensesLn 25$903K$410K$318K$175K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $662K$903K−$241K$123K 990 PDF
FY2023 $896K$816K$80K$364K 990 PDF
FY2022 $711K$857K−$147K$284K 990 PDF
FY2021 $911K$734K$177K$431K 990 PDF
FY2020 $544K$625K−$81K$253K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $661,784 across 12 lines filed
VIII-1c Fundraising events$100,162
VIII-1e Government grants$163,534
VIII-1f All other contributions, gifts and grants$202,625
VIII-1g Noncash contributions (included above)$4,753
VIII-1h Total contributions, gifts and grants$466,321
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $190,721$190,721
VIII-3 Investment incomeExcluded from tax $22$22
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $4,720$4,720
VIII-12 Total revenueRelated to mission $190,721 · Excluded from tax $4,742$661,784
Part IX · Statement of functional expenses $902,546 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $65,000$65,000
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $88,512 · Management $90,667 · Fundraising $26,505$205,684
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $157,409 · Management $23,783 · Fundraising $33,750$214,942
IX-8 Pension plan contributionsManagement $1,379$1,379
IX-9 Other employee benefitsPrograms $6,123 · Fundraising $1,071$7,194
IX-10 Payroll taxesPrograms $17,861 · Management $3,019 · Fundraising $4,277$25,157
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $22,582$22,582
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $4,200$4,200
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $48,629 · Management $13,253 · Fundraising $6,033$67,915
IX-12 Advertising and promotionPrograms $150 · Management $471$621
IX-13 Office expensesPrograms $13,575 · Management $24,929 · Fundraising $28,877$67,381
IX-14 Information technologyManagement $6,443 · Fundraising $1,795$8,238
IX-15 Royalties$0
IX-16 OccupancyManagement $101,423$101,423
IX-17 TravelPrograms $2,584 · Management $2,965 · Fundraising $45$5,594
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $215$215
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $5,942 · Management $5,942 · Fundraising $5,093$16,977
IX-23 InsuranceManagement $8,398$8,398
IX-24 Other expenses (24a–d)Programs $3,927 · Management $12,390 · Fundraising $63,329$79,646
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $409,712 · Management $317,859 · Fundraising $174,975$902,546
Part X · Balance sheet $193,672 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $114,024$109,274
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $260,643$65,891
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $10,228$14,088
X-10c Land, buildings and equipment, netStart of year $21,395$4,419
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $83,329$0
X-16 Total assetsStart of year $489,619$193,672
X-17 Accounts payable and accrued expensesStart of year $39,704$70,556
X-26 Total liabilitiesStart of year $125,741$70,556
X-27 Net assets without donor restrictionsStart of year $158,368$117,616
X-28 Net assets with donor restrictionsStart of year $205,510$5,500
X-32 Total net assets or fund balancesStart of year $363,878$123,116
X-33 Total liabilities and net assetsStart of year $489,619$193,672
Part XI · Reconciliation of net assets $123,116 net assets at year end
XI-1 Total revenue$661,784
XI-2 Total expenses$902,546
XI-3 Revenue less expenses−$240,762
XI-4 Net assets at start of year$363,878
XI-10 Net assets at end of year$123,116

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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