Southern Exposure

EIN: 931216297 501(c)(3) Arts, Culture & Humanities

San Francisco, CA

Total Revenue
$896,029
Total Expenses
$816,388
Total Assets
$489,619
Net Assets
$363,878
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
CA
Principal Officer
Valerie Imus
Phone
4158632141
Tax Period
2023-01-01 to 2023-12-31

Southern Exposure, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $896K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $816K left a modest 9% surplus.

Mission

Southern Exposure (SoEx) is an artist-centered non-profit organization that is committed to supporting visual artists. Through our extensive and innovative programming, SoEx strives to experiment, collaborate and further educate while providing an extraordinary resource center and forum for Bay Area and national artists and youth in our Mission District space and off-site, in the public realm. An active presence in the Bay Area since 1974, SoEx is continually evolving in response to the needs of artists and the community while engaging the public in artists' work. Central to our mission is to remain the most accessible space for visual artists to produce and present new work, learn, and connect. SoEx provides visual artists with the tools and resources they need to experiment in an open and supportive environment. We also work to advocate to new, diverse audiences and build an ever-growing community of enthusiasts and supporters of the visual arts.

Program Service Accomplishments

Program 1
Expenses: $217,361 Revenue: $164,710

SoExs Projects & Exhibitions are developed and produced by our Curatorial Council, a cohort of primarily BIPOC, LGBTQIA+, and immigrant artists who lead SoExs creative vision. With an emphasis on...

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SoExs Projects & Exhibitions are developed and produced by our Curatorial Council, a cohort of primarily BIPOC, LGBTQIA+, and immigrant artists who lead SoExs creative vision. With an emphasis on commissioning new work, SoEx supports artists in the development of large-scale projects, events, performances, and workshops to create a forum on contemporary sociopolitical and cultural issues and new modes of production that focuses on historically marginalized communities.

Program 2
Expenses: $148,923

SoExs Alternative Exposure (Alt Ex) re-granting program, established in partnership with The Andy Warhol Foundation for the Visual Arts, provides vital seed funding to nascent initiatives and...

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SoExs Alternative Exposure (Alt Ex) re-granting program, established in partnership with The Andy Warhol Foundation for the Visual Arts, provides vital seed funding to nascent initiatives and projects that primarily serve, highlight, or lift up historically marginalized artistic communities within the Bay Area. Alt Ex provided $65,000 in grants to local projects and artists in 2023.

Program 3
Expenses: $134,537

SoExs Artists in Education (AIE) programs catalyze leadership opportunities for young artists in underserved communities, enabling them to utilize their artistic vision to express their perspectives...

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SoExs Artists in Education (AIE) programs catalyze leadership opportunities for young artists in underserved communities, enabling them to utilize their artistic vision to express their perspectives on the social issues that impact their lives. SoEx provides socioeconomically disadvantaged Bay Area youth the opportunity to excel in creative fields of study; learn valuable artistic, critical thinking, and leadership skills; and interact positively with peers and adult mentors. All youth in AIE programs have the opportunity to exhibit their work to peers, family, and community members in SoEx gallery exhibitions. AIE also presents paid professional teaching opportunities for local artists.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $722,064
Program Service Revenue $164,710
Investment Income $229
Other Revenue $9,026
TOTAL REVENUE $896,029

Expense Breakdown

Grants Paid $65,000
Salaries & Benefits $370,036
Fundraising Expenses $129,745
Program Expenses $500,821
Other Expenses $369,633
TOTAL EXPENSES $816,388

Year-over-Year Comparison

2023 2022 Change
Revenue $896,029 $710,608 +0.3%
Expenses $816,388 $857,185 0.0%
Net Income $79,641 $-146,577 -1.5%
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
9
Independent Members
9
Employees
10
Volunteers
96

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
8
$160,377
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Valerie Imus Artistic Dir. 40.00
Officer
$77,190 $15,516 $92,706
Margaret McCarthy Executive Dir. 32.00
Officer
$59,086 $8,585 $67,671
Dan Toffey President 4.00
Officer Director
$0 $0 $0
Genevieve Quick Secretary 2.00
Officer Director
$0 $0 $0
Qianjin Montoya Treasurer 2.00
Officer Director
$0 $0 $0
Brian Singer Secretary 2.00
Officer Director
$0 $0 $0
Olivia White Lopez Vice President 2.00
Officer Director
$0 $0 $0
Marc Mayer Vice President 2.00
Officer Director
$0 $0 $0
Nicole Avril Board Member 2.00
Director
$0 $0 $0
Susan Krane Board Member 2.00
Director
$0 $0 $0
Jenifer Wofford Board Member 2.00
Director
$0 $0 $0
Taraneh Hemami Board Member 2.00
Director
$0 $0 $0
Salar Mameni Board Member 2.00
Director
$0 $0 $0
Shylah Hamilton Board Member 2.00
Director
$0 $0 $0
Sienna Freeman Board Member 2.00
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 $896,029 $816,388 $489,619 $79,641
2022 $710,608 $857,185 $485,046 $-146,577
2021 $910,980 $733,567 $463,237 $177,413
2020 $544,101 $625,202 $307,877 $-81,101
2019 $748,538 $605,457 $386,965 $143,081
2018 $496,293 $607,030 $250,111 $-110,737
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