Nara Corporation

Tax-deductible

Berkeley, CA501(c)(3)EIN 94-2435892

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Educate, nurture and inspire a diverse community of ceramic artists.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 15 volunteers and 24 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
4 of 4
filings with a surplus
Average surplus $331K a year · 21% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $409K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.5M
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
+36% vs prior year
Spent
$1.8M
To programs
69%
Net assets
$1.9M
By yearFY2021–FY2024
Revenue
$2.5M
FY2024▲ +36%
Revenue by fiscal year
FY2021$495K
FY2021$521K
FY2022$1.4M
FY2023$1.8M
FY2024$2.5M
Expenses
$1.8M
FY2024▲ +18%
Expenses by fiscal year
FY2021$383K
FY2021$365K
FY2022$1.3M
FY2023$1.5M
FY2024$1.8M
Net assets
$1.9M
FY2024▲ +67%
Net assets by fiscal year
FY2021$440K
FY2021$661K
FY2022$782K
FY2023$1.1M
FY2024$1.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2021.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $1.2M Management & general 18% · $320K Fundraising 13% · $222K

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

10 people listed on the 990; $106K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$105,623Pt VII · Sec A
Board President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Bobbi Fabian$105,623——$74,212
Bobbi Fabian—$98,032$98,328—

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 Nara Corporation 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

Nurtures and inspires a diverse community of ceramic artists through education.

Provided by the organization

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1 program service account for $1.2M of program spending, described in the organization's own filed words · FY2024.
01

The Potters Studio supports a vibrant and inclusive community of ceramic artists by providing affordable access to a fully equipped, professional clay studio. Our Membership Program is central to our mission to foster creativity, access, and lifelong learning for people of all backgrounds.

$1.2Mprogram 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
See all 6 funders →
Grants paid · 1 grant · $13K · 2023–2023
Unitemized GrantFY2023$13,217

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$1.7M
Gifts and grantsLn 1h$713K
Other incomeLn 4–11$93K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.2M
Managementcol C$320K
Fundraisingcol D$222K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$676K
Total assetsLn 16$4.4M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$713K
Government grantsLn 1e$235K
Noncash giftsLn 1g$73K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$11K
Other incomeLn 4–11$93K
Gains on assetsLn 7$0
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$314K
SavingsLn 2$362K
Cash and savings togetherLn 1–2$676K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.6M
Other assetsLn 15$40K
Total assetsLn 16$4.4M
LiabilitiesLn 26$2.5M
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 524
VolunteersI 615
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$514K$676K
InvestmentsLn 11–13$761K$0
Land, buildings, equipmentLn 10c$91K$3.6M
Total assetsLn 16$1.6M$4.4M
LiabilitiesLn 26$450K$2.5M
Net assetsLn 32$1.1M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
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$127K$64K$38K$25K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$731K$611K$107K$13K
Pension plan contributionsLn 8$2K$2K$313$2
Other employee benefitsLn 9$69K$49K$19K$239
Payroll taxesLn 10$67K$53K$11K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$47K$47K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$160K$160K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$88K$54K$33K$566
Advertising and promotionLn 12$12K$6K$5K$704
Office expensesLn 13$100K$73K$25K$2K
Information technologyLn 14$29K$23K$6K
RoyaltiesLn 15$0
OccupancyLn 16$196K$184K$8K$4K
TravelLn 17$7K$4K$2K$404
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$49K$31K$16K$2K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$55K$82K−$31K$4K
All other expensesLn 24e$0
Total functional expensesLn 25$1.8M$1.2M$320K$222K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.5M$1.8M$726K$1.9M 990 PDF
FY2023 $1.8M$1.5M$340K$1.1M 990 PDF
FY2022 $1.4M$1.3M$145K$782K 990 PDF
FY2021 $495K$383K$111K$440K 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 $2,480,148 across 12 lines filed
Lines not itemized here account for $49,536 of total revenue; see the IRS return.
VIII-1e Government grants$235,098
VIII-1f All other contributions, gifts and grants$478,113
VIII-1g Noncash contributions (included above)$73,094
VIII-1h Total contributions, gifts and grants$713,211
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,663,297$1,663,297
VIII-3 Investment incomeExcluded from tax $11,093$11,093
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $32,143$32,143
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10,868$10,868
VIII-12 Total revenueRelated to mission $1,712,833 · Excluded from tax $54,104$2,480,148
Part IX · Statement of functional expenses $1,754,076 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
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 $63,660 · Management $38,196 · Fundraising $25,464$127,320
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $611,284 · Management $107,127 · Fundraising $12,895$731,306
IX-8 Pension plan contributionsPrograms $2,181 · Management $313 · Fundraising $2$2,496
IX-9 Other employee benefitsPrograms $49,427 · Management $19,331 · Fundraising $239$68,997
IX-10 Payroll taxesPrograms $52,800 · Management $11,147 · Fundraising $2,804$66,751
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $46,746$46,746
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $160,000$160,000
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $53,949 · Management $32,999 · Fundraising $566$87,514
IX-12 Advertising and promotionPrograms $5,845 · Management $5,277 · Fundraising $704$11,826
IX-13 Office expensesPrograms $72,809 · Management $25,043 · Fundraising $1,913$99,765
IX-14 Information technologyManagement $22,768 · Fundraising $6,470$29,238
IX-15 Royalties$0
IX-16 OccupancyPrograms $183,977 · Management $8,071 · Fundraising $4,036$196,084
IX-17 TravelPrograms $3,758 · Management $2,342 · Fundraising $404$6,504
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $30,587 · Management $16,280 · Fundraising $1,799$48,666
IX-23 InsuranceManagement $16,140$16,140
IX-24 Other expenses (24a–d)Programs $81,688 · Management −$31,302 · Fundraising $4,337$54,723
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,211,965 · Management $320,478 · Fundraising $221,633$1,754,076
Part X · Balance sheet $4,412,709 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $514,478$313,598
X-2 Savings and temporary cash investments$362,102
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $36,919$92,016
X-8 Inventories for sale or useStart of year $22,847$22,026
X-9 Prepaid expenses and deferred chargesStart of year $11,219$23,090
X-10c Land, buildings and equipment, netStart of year $90,754$3,559,598
X-11 Publicly traded securitiesStart of year $760,993$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $139,604$40,279
X-16 Total assetsStart of year $1,576,814$4,412,709
X-17 Accounts payable and accrued expensesStart of year $120,824$175,339
X-19 Deferred revenueStart of year $123,665$121,320
X-25 Other liabilitiesStart of year $205,397$128,729
X-26 Total liabilitiesStart of year $449,886$2,525,388
X-27 Net assets without donor restrictionsStart of year $1,075,257$1,595,085
X-28 Net assets with donor restrictionsStart of year $51,671$292,236
X-32 Total net assets or fund balancesStart of year $1,126,928$1,887,321
X-33 Total liabilities and net assetsStart of year $1,576,814$4,412,709
Part XI · Reconciliation of net assets $1,887,321 net assets at year end
XI-1 Total revenue$2,480,148
XI-2 Total expenses$1,754,076
XI-3 Revenue less expenses$726,072
XI-4 Net assets at start of year$1,126,928
XI-8 Prior period adjustments$34,321
XI-10 Net assets at end of year$1,887,321

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

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