Somarts EIN 94-2655955

Somarts

EIN  94-2655955 Public charity (501(c)(3)) San Francisco, CA
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/31/26 · see original filing: IRS
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Size
$1–10M
What they do
Connects Bay Area communities with artists to promote inclusion, respect, and civic engagement through art.
Leadership
Maria Jenson · Exec Director · $120K
Money in and out
$2.8M revenue, $3.0M expenses
Bottom line
80% program efficiency

Connects Bay Area communities with artists to promote inclusion, respect, and civic engagement through art. For fiscal year 2025 it reported $2.8M in revenue, $3.0M in expenses, and $889K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$2.8M
Pt VIII · Ln 12
Total expenses
$3.0M
Pt IX · Ln 25
Net assets
$889K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$224K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.15 Fundraising $0.04
Program efficiency
80%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
3.9mo
months of highly liquid reserves at operating expense rate▲ +18% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▲ +30% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$2.8M
FY2025▼ -13%
Expenses
$3.0M
FY2025▼ -16%
Total assets
$1.2M
FY2025▼ -12%
Total liabilities
$326K
FY2025▲ +22%
Total revenue
$2.8M
Pt VIII · Ln 12
Total expenses
$3.0M
Pt IX · Ln 25
Net assets
$889K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$224K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $2.4M of program spending, described in the organization's own filed words · FY2024.
01

Fiscal SponsorshipsSOMARTS PROVIDES FISCAL SPONSORSHIPS FOR VARIOUS ARTISTS AND EMERGING ORGANIZATIONS, enabling a breadth of fundraising opportunities that would not be available without such sponsorship. THESE ARTISTS AND ORGANIZATIONS RECEIVE financial management services,GRANT-WRITING ASSISTANCE, AND operational support.

$1.3Mprogram expense
02

Event Rental ProgramHISTORICALLY, SOMARTS TYPICALLY HELPS PRODUCE OVER 90 EVENTS PER YEAR. DURING THE FISCAL YEAR ENDED JUNE 30, 2022 the program began to welcome back clients to our space and the organization helped produce 26 events for other nonprofits and mission-aligned groups.

$520Kprogram expense
03

Exhibition programs (gallery)somarts produces and supports a dynamic range of exhibitions in support of itsmission to promote art on the community level and foster an appreciation of andrespect for all cultures.

$516Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSomarts
EINHdr · item D94-2655955
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.somarts.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A900)
Ruling yearIRS BMFMay 1980

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Exec Director
$119,806Pt VII · Sec A
$106,748Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Maria Jenson’s $120K as Exec Director is at the 47th percentile of top reported officer pay among 3917 $1–10M 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sharaya Souza$120,000$103,872
Maria Jenson$119,806$116,327$108,629$104,257$96,423$97,893
Robert Goldfarb$106,748$109,009$115,730

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 & grants$2.4M · 88%
Program service revenue$312K · 11%
Other revenue$20K · 1%
Contributions & grants88%$2.4M
Program service revenue11%$312K
Other revenue1%$20K
Investment income$5K
— government grantsLn 1e$1.8M
Total revenueLn 12$2.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.15 Fundraising $0.04
Program services80%$2.4M
Management & general15%$457K
Fundraising4%$133K
Total functional expensesLn 25$3.0M

Balance Sheet

Part X · end of year
CashLn 1$972K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$326K
Total net assetsLn 32$889K
Months of cash on handcomputed3.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $972K · Operating expenses/yr $3.0M
3.9 months
Where the money goes
Program services
Program services $2.4M · Total expenses $3.0M
80%
Management & General
Management & general $457K · Total expenses $3.0M
15%
Fundraising
Fundraising $133K · Total expenses $3.0M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $170K · Solicited contributions (3-yr avg) $774K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.4M · Total revenue $2.8M
88%
Government reliance
Government grants $1.8M · Total revenue $2.8M
63%
Earned-income share
Program service revenue $312K · Total revenue $2.8M
11%
Investment reliance
Investment income $5K · Total revenue $2.8M
0%
Program self-sufficiency
Program service revenue $312K · Total expenses $3.0M
10%
Growth & trend
Revenue growth (YoY)
This year $2.8M · Prior year $3.2M
-13%
Revenue CAGR
FY2019 $1.8M · FY2024 $2.8M
+9%
Net-asset trend (YoY)
End of year $889K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.8M · Expenses $3.0M
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $889K · Total assets $1.2M
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.2M
0%
People & payroll
Highest Reported Total Compensation
Individual Maria Jenson · Reported title Exec Director · Highest reported compensation $120K · Total expenses $3.0M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.3M · Total expenses $3.0M
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 15%
Fundraising cost ratio 5%
Revenue growth -13%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

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
See all 12 funders →
Grants paid · 15 grants · $1.7M · 2019–2024
Related Tactics CollectiveFY2024$196,100
Media AllianceCA · FY2024$8,832
Unitemized GrantFY2023$6,200
Unitemized GrantFY2022$10,100
Unitemized GrantFY2021$88,667
Unitemized GrantFY2020$44,507

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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)$2.8M revenue · viewing · ⤓ 990 PDF
FY2024$3.2M revenue · ⤓ 990 PDF
FY2023$3.5M revenue · ⤓ 990 PDF
FY2022$2.6M revenue · ⤓ 990 PDF
FY2021$1.9M revenue · ⤓ 990 PDF
FY2020$1.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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