WEST LAKE PRODUCTIONS CORP

EIN: 853047907 501(c)(3) Arts, Culture & Humanities

TEHACHAPI, CA

Total Revenue
$142,294
Total Expenses
$56,336
Total Assets
$90,978
Net Assets
$90,978
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Financial Vulnerability Assessment (Tuckman-Chang)

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Organization Details

Formation Year
2020
Legal Domicile
MD
Phone
6265385095
Tax Period
2022-01-01 to 2022-12-31

WEST LAKE PRODUCTIONS CORP, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $142K in total revenue in fiscal year 2022. The organization ran a surplus of $86K, a strong 60% operating margin.

Mission

Preserve and promote traditional cultures. Explore the overall role of faith and philosophy in shaping cultures. We write search articles produce in-depth videos and eventually will write books in this area.

Program Service Accomplishments

Program 1
Expenses: $8,000 Revenue: $1,000

Write research articles on how eastern and western traditional culture and institutions impact civilizations. For the year 2022 we wrote a series of 4 articles on the impact of citizenship on...

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Write research articles on how eastern and western traditional culture and institutions impact civilizations. For the year 2022 we wrote a series of 4 articles on the impact of citizenship on soldiers' combat power. We researched both eastern and western war histories to illustrate that an army made up of free men was a better fighting force than an army made up of slaves. We paid a writer who is also the secretary of the organization $6000 dollars to research and write these articles. The organization's president Simone Young oversaw and discussed the subject with the writer. The overall cost of is around $8000.

Program 2
Expenses: $4,000 Revenue: $1,000

We produce in-depth videos that explore the impact of traditional culture on civilizations. In the year 2022 we produced one in-depth video titled We Should Let Institutions and Cultures to Determine...

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We produce in-depth videos that explore the impact of traditional culture on civilizations. In the year 2022 we produced one in-depth video titled We Should Let Institutions and Cultures to Determine the Winner of the New Cold War. The organization's president Simone Young wrote the script and produced the video. The overall cost is around $4000.

Program 3
Expenses: $20,000 Revenue: $0

We are in the process of writing a book Touching Eternity. In the year 2022 we have been collecting materials and forming ideas about this book. The company's president Simone Young is the main...

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We are in the process of writing a book Touching Eternity. In the year 2022 we have been collecting materials and forming ideas about this book. The company's president Simone Young is the main writer of this book. She has written notes to around 1 3 of the the book's content. This is her main task at the organization and what she is mainly paid for.

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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 (2022)

Revenue Breakdown

Contributions & Grants $140,294
Program Service Revenue $2,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $142,294

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,000
Fundraising Expenses $0
Program Expenses $32,000
Other Expenses $12,336
TOTAL EXPENSES $56,336

Year-over-Year Comparison

2022 2021 Change
Revenue $142,294 N/A N/A
Expenses $56,336 N/A N/A
Net Income $85,958 $0 N/A
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
3
Independent Members
N/A
Employees
N/A
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
$40,500
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Simone Young President 15.00
Officer
$34,500 $0 $34,500
Chao Yu Secretary 2.00
Officer
$6,000 $0 $6,000
Michelle Wan Treasurer 0.10
Officer
$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
2022 $142,294 $56,336 $90,978 $85,958
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