Vital Arts Inc

EIN: 823947930 501(c)(3) Arts, Culture & Humanities

Berkeley, CA

Total Revenue
$134,693
Total Expenses
$143,152
Total Assets
$145,550
Net Assets
$145,550
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CA
Principal Officer
Edwin Bernbaum PhD
Phone
4152280281
Tax Period
2023-01-01 to 2023-12-31

Vital Arts Inc, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $135K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

Vital Arts envisions a world in which groundbreaking arts and culture that are essential for the continued health and vitality of society at large are recognized and cultivated. We seek to bring this about by implementing [continued on Schedule O]

Program Service Accomplishments

Program 1
Expenses: $60,045 Revenue: $704

Collaborate with other agencies on projects that prevent displacement and loss of artist space in the Bay Area, including a revolving safety loan fund, fostering education and awareness of compliance...

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Collaborate with other agencies on projects that prevent displacement and loss of artist space in the Bay Area, including a revolving safety loan fund, fostering education and awareness of compliance issues with life/safety codes, and development of paths and options for artists seeking ownership.

Program 2

Act as a responsive connector for artists, organizations, government officials and property owners seeking solutions to art space issues. Participate in networks; disseminate informational resources...

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Act as a responsive connector for artists, organizations, government officials and property owners seeking solutions to art space issues. Participate in networks; disseminate informational resources and models.

Program 3

Represent the needs of artists with public agencies for development of and inclusion in policies and funding to stabilize and support the continuing presence and vitality of artists in the region.

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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 $133,985
Program Service Revenue $704
Investment Income $4
Other Revenue $0
TOTAL REVENUE $134,693

Expense Breakdown

Grants Paid $0
Salaries & Benefits $61,586
Fundraising Expenses $26,889
Program Expenses $60,045
Other Expenses $81,566
TOTAL EXPENSES $143,152

Year-over-Year Comparison

2023 2022 Change
Revenue $134,693 $153,299 -0.1%
Expenses $143,152 $149,289 0.0%
Net Income $-8,459 $4,010 -3.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
N/A

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Edwin Bernbaum PhD President 5.00
Officer Director
$0 $0 $0
Beth Jay Secretary 3.00
Officer Director
$0 $0 $0
Amir Massih Treasurer 1.00
Officer Director
$0 $0 $0
Steven Berger Director 3.00
Director
$0 $0 $0
Diane Bernbaum Director 5.00
Director
$0 $0 $0
Amanda Bornstein Director 0.00
Director
$0 $0 $0
Marcial Chao Director 1.00
Director
$0 $0 $0
Jason Vargas Director 0.00
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 $134,693 $143,152 $145,550 $-8,459
2022 $153,299 $149,289 $160,309 $4,010
2021 $141,017 $74,927 $155,399 $66,090
2020 $123,365 $39,456 $89,309 $83,909
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