THE BERNARD AND SHIRLEY KINSEY FOUNDATION FOR ARTS AND EDUCATION

EIN: 800273378 501(c)(3) Arts, Culture & Humanities

PACIFIC PALISADES, CA

Total Revenue
$88,380
Total Expenses
$848,248
Total Assets
$1,128,645
Net Assets
$816,067
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CA
Principal Officer
BERNARD W KINSEY
Phone
3108802591
Tax Period
2023-01-01 to 2023-12-31

THE BERNARD AND SHIRLEY KINSEY FOUNDATION FOR ARTS AND EDUCATION, founded in 2009, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $88K in total revenue in fiscal year 2023. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $848K exceeded revenue, resulting in a 860% operating deficit.

Mission

TO ASSIST EDUCATIONAL/CULTURAL INSTITUTIONS WITH EDUCATING UNDER-SERVED YOUTH AND INCREASING PUBLIC AWARENESS ABOUT AFRICAN-AMERICAN HISTORY AND ANCESTRY AND THEREBY BRIDGING CULTURAL AND SOCIETAL GAPS WHILE ADDRESSING STEREOTYPES AND SOCIAL ILLS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $58,640
Program Service Revenue $0
Investment Income $29,740
Other Revenue $0
TOTAL REVENUE $88,380

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $755,382
Fundraising Expenses $0
Program Expenses $147,588
Other Expenses $91,366
TOTAL EXPENSES $848,248

Year-over-Year Comparison

2023 2022 Change
Revenue $88,380 $432,926 -0.8%
Expenses $848,248 $447,921 +0.9%
Net Income $-759,868 $-14,995 +49.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
1
Volunteers
100

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$80,000
Total Directors
7
$80,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KHALIL KINSEY VICE PRESIDENT AND GENERAL MANAGER 60
Officer Director
$80,000 $0 $80,000
BERNARD KINSEY PRESIDENT & CEO 50
Officer Director
$0 $0 $0
SHIRLEY KINSEY VICE PRESIDENT 40
Officer Director
$0 $0 $0
GEORGE GIBBS BOARD MEMBER 5
Director
$0 $0 $0
PHOEBE BEASLEY BOARD MEMBER 5
Director
$0 $0 $0
TERRY HARRIS BOARD MEMBER 5
Director
$0 $0 $0
PAMELA WALKER BOARD MEMBER 5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $88,380 $848,248 $1,128,645 $-759,868
2022 $432,926 $447,921 $1,581,140 $-14,995
2021 $1,476,499 $237,038 $1,579,421 $1,239,461
2019 $137,774 $242,783 $346,533 $-105,009
2018 $382,595 $262,484 $588,266 $120,111
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