Jonathan Art Foundation FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 1987Arts & CultureEIN 95-4095291

THE JONATHAN ART FOUNDATIONS RESPONSIBILITIES INCLUDE THE PRESERVATION, MAINTENANCE, REPAIR, LIGHTING, FRAMING, AND REFRAMING OF THE ART COLLECTION OWNED BY THE JONATHAN ART FOUNDATION. ADDITIONALLY, THE FOUNDATION IS RESPONSIBLE FOR SELECTING AND DISPLAYING THE WORKS OF ART in various venues, including the Jonathan Club and other locations.THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT RAISES FUNDS BY SPONSORING VARIOUS EVENTS OR OTHER SOLICITATIONS FOR THE PURPOSE OF PURCHASING HISTORICALLY SIGNIFICANT ART TO ADD TO ITS COLLECTION, TO PRESERVE AND DISPLAY THIS ART, AND TOFURTHER THE PUBLICS UNDERSTANDING OF 19TH AND 20TH CENTURY PAINTINGS BY CALIFORNIA ARTISTS THROUGH OUTREACH AND EDUCATIONAL PROGRAMS AND PUBLICATIONS. THE FOUNDATION ALSO RECEIVES GIFTS OF HISTORICAL ARTWORK FROM INDIVIDUALS WHICH BENFIT ITS COLLECTION.THE FOUNDATION DISPLAYS A SIGNIFICANT PORTION OF ITS COLLECTION IN VARIOUS PUBLIC VENUES AND LOANS ARTWORKS FROM ITS COLLECTION TO PUBLIC MUSEUMS AND OTHER PUBLI

501(c)(3) charity; gifts are tax-deductible.
34¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
5 of 6
years in the black
Worth a look: 1 of the last 6 filings shows a deficit.
Pt I · Ln 19 · 6 filings
How much reaches the programs?
34%
of spending
Concern: 34% of spending went to programs; under 50% is a concern.
Pt IX · Ln 25 · col B
Do they have reserves?
55 mo
of spending, in cash
Looks good: 55.4 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
2
named funders · $11K
Worth a look: 2 funders name it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$3K
liabilities
Looks good: debts are 0% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
13
independent of 13 voting board members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$83K
-28% vs prior year
Spent
$52K
To programs
34%
Net assets
$4.2M
By yearFY2020–FY2025
Revenue
$83K
FY2021▼ -28%
Revenue by fiscal year
FY2020$115K
FY2021$83K
FY2022$118K
FY2023$4K
FY2024$152K
FY2025$144K
Expenses
$52K
FY2021▼ -13%
Expenses by fiscal year
FY2020$60K
FY2021$52K
FY2022$61K
FY2023$77K
FY2024$68K
FY2025$70K
Net assets
$4.2M
FY2021▲ +3%
Net assets by fiscal year
FY2020$4.1M
FY2021$4.2M
FY2022$4.2M
FY2023$4.3M
FY2024$4.4M
FY2025$4.4M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

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
Legal name (IRS)Hdr · item CJonathan Art Foundation
EINHdr · item D95-4095291
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 1992
Year of formationHdr · item L1987
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CLos Angeles, CA
NTEE classificationIRS BMFArts & Culture (A125)
WebsiteHdr · item Jwww.jonathanart.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.34 Management & general $0.38 Fundraising $0.28
Program services34%$18K
Management & general38%$20K
Fundraising28%$15K
Total functional expensesLn 25$52K

Financial health

Is it on solid ground?

Program efficiency
34%
of spending reaches programs
Operating runway
63.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+37%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$4.2M
FY2021▲ +3%
Total assets by fiscal year
FY2020$4.1M
FY2021$4.2M
FY2022$4.2M
FY2023$4.3M
FY2024$4.4M
FY2025$4.4M
Total liabilities
$3K
FY2021▲ +224%
Total liabilities by fiscal year
FY2020$981
FY2021$3K
FY2022$4K
FY2023$6K
FY2024$4K
FY2025$12K
Revenue less expensesPt I · Ln 19$31K
Total assetsPt X · Ln 16$4.2M
Program-expense ratioPt IX · col B34%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Balance Sheet

Part X · end of year
CashLn 1$240K
Total assetsLn 16$4.2M
Total liabilitiesLn 26$3K
Total net assetsLn 32$4.2M
Months of cash on handcomputed55.4

Statement of Revenue

Part VIII
Contributions & grants$80K · 97%
Investment income$2K · 2%
Contributions & grants97%$80K
Investment income2%$2K
Program service revenue$359
Total revenueLn 12$83K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $274K · Operating expenses/yr $52K
63.1 months
Where the money goes
Program services
Program services $18K · Total expenses $52K
34%
Management & General
Management & general $20K · Total expenses $52K
38%
Fundraising
Fundraising $15K · Total expenses $52K
28%
Cost to raise $1
Fundraising expense (2-yr avg) $15K · Solicited contributions (2-yr avg) $97K
$0.15 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $80K · Total revenue $83K
97%
Government reliance
Government grants — · Total revenue $83K
—
Earned-income share
Program service revenue $359 · Total revenue $83K
0.4%
Investment reliance
Investment income $2K · Total revenue $83K
+2%
Program self-sufficiency
Program service revenue $359 · Total expenses $52K
0.7%
Growth & trend
Revenue growth (YoY)
This year $83K · Prior year $115K
-28%
Net-asset trend (YoY)
End of year $4.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $83K · Expenses $52K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $4.2M
—
Net-asset ratio
Net assets $4.2M · Total assets $4.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $33K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $4.2M
0.8%
People & payroll
Highest Reported Total Compensation
Individual William Pinney · Reported title President · Highest reported compensation $0 · Total expenses $52K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $36K · Total expenses $52K
70%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 34%——
Overhead ratio 38%——
Fundraising cost ratio 18%——
Revenue growth -28%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 14%——
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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Jonathan Art Foundation executive salaries →

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Governance & Policies

Part VI
  • 13Voting board membersPt VI · Ln 1a
  • 13Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Collects, displays, and educates the public about historical California art.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $18K of program spending, described in the organization's own filed words · FY2021.
01

In 2021 the Jonathan Art Foundation (JAF) hosted 2 complimentary docent tours for 31 guests at its primary venue in Downtown Los Angeles. A virtual docent tour video was also created, which is available for public viewing on JAF's website.

$18Kprogram 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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$11K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $144K$70K-6% 990 PDF
FY2024 $152K$68K×38 990 PDF
FY2023 $4K$77K-97% 990 PDF
FY2022 $118K$61K+43% 990 PDF
FY2021 Viewing $83K$52K-28% 990 PDF
FY2020 $115K$60K 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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