Pasacat INC FY2022 filing

National City, CA · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible Latest data FY2022
Revenue
$202K
▲ +214% vs prior year
Spent
$195K
To programs
60%
Net assets
$59K
By yearFY2020–FY2025
Revenue
$202K
FY2022▲ +214%
Revenue by fiscal year
FY2020$77K
FY2021$64K
FY2022$202K
FY2023$264K
FY2024$160K
FY2025$109K
Expenses
$195K
FY2022
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$195K
FY2023$102K
FY2024Not on file
FY2025$137K
Net assets
$59K
FY2022▼ -2%
Net assets by fiscal year
FY2020$53K
FY2021$61K
FY2022$59K
FY2023$299K
FY2024$404K
FY2025$310K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
1 funder — Jason Mraz Foundation
$10K in the latest grant year.
Spent on programs?
60% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +214% vs prior year
Legal name (IRS)Hdr · item CPasacat INC
EINHdr · item D95-3385375
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 1979
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CNational City, CA
NTEE classificationIRS BMFArts & Culture (A20)
WebsiteHdr · item Jwww.pasacat.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.40
Program services60%$118K
Management & general40%$77K
Total functional expensesLn 25$195K

Financial health

Program efficiency
60%
of spending reaches programs
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$59K
FY2022
Total assets by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$59K
FY2023$299K
FY2024Not on file
FY2025$310K
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$0
FY2023$0
FY2024Not on file
FY2025$0
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$59K
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Balance Sheet

Part X · end of year
CashLn 1$44K
Total assetsLn 16$59K
Total liabilitiesLn 26$0
Total net assetsLn 32$59K
Months of cash on handcomputed2.7

Statement of Revenue

Part VIII
Contributions & grants$94K · 46%
Program service revenue$94K · 46%
Other revenue$14K · 7%
Contributions & grants46%$94K
Program service revenue46%$94K
Other revenue7%$14K
— government grantsLn 1e$71K
Total revenueLn 12$202K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $44K · Operating expenses/yr $195K
2.7 months
Where the money goes
Program services
Program services $118K · Total expenses $195K
60%
Management & General
Management & general $77K · Total expenses $195K
40%
Fundraising
Fundraising $0 · Total expenses $195K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $23K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $94K · Total revenue $202K
46%
Government reliance
Government grants $71K · Total revenue $202K
35%
Earned-income share
Program service revenue $94K · Total revenue $202K
46%
Investment reliance
Investment income $0 · Total revenue $202K
0%
Program self-sufficiency
Program service revenue $94K · Total expenses $195K
48%
Growth & trend
Revenue growth (YoY)
This year $202K · Prior year $64K
+214%
Net-asset trend (YoY)
End of year $59K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $202K · Expenses $195K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $59K
—
Net-asset ratio
Net assets $59K · Total assets $59K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $59K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Eva Frigero · Reported title TREASURER · Highest reported compensation $0 · Total expenses $195K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $25K · Total expenses $195K
13%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 60%——
Overhead ratio 40%——
Fundraising cost ratio 0%——
Revenue growth 214%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director Administra
$0Pt VII · Sec A
$0Pt VII · Sec A

Anamaria Cabato’s $6K as Executive Director Administra is at the 5th 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 · 1 named individual · Part VII

NameFY2023FY2021
Anamaria Cabato$5,700$5,000

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.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Preserves Asian Pacific cultures to foster goodwill and understanding.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $117K of program spending, described in the organization's own filed words · FY2022.
01

So Sarap Festival is a unique cultural experience presenting a world-class celebration of Philippine and Filipino American arts, culture and history.

$98Kprogram expense
02

The pasacat center provides a cultural arts hub to foster robust cultural consciousness with the san diego regional community.

$14Kprogram expense
03

Junior Concert

Traditional philippine dance featuring chiildren & young adults. This concert promotes goowill, closeness,and understanding to all viewers of the young children.

$5Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $109K$137K-31% 990 PDF
FY2024 $160K—-40% 990 PDF
FY2023 $264K$102K+31% 990 PDF
FY2022 Viewing $202K$195K+214% 990 PDF
FY2021 $64K—-16% 990 PDF
FY2020 $77K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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