Galeria Studio 24

EIN: 942495604 501(c)(3) Arts, Culture & Humanities

San Francisco, CA

Total Revenue
$1,911,409
Total Expenses
$904,295
Total Assets
$1,379,794
Net Assets
$1,323,741
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
CA
Principal Officer
Ana Rivera
Phone
4158268009
Tax Period
2023-01-01 to 2023-12-31

Galeria Studio 24, founded in 1978, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 282% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 53% operating margin.

Mission

Galeria's mission is to foster public awareness and appreciation of Chicano/Latino art. Galeria sees itself as a laboratory where emerging and established artists explore contemporary issues in Latino art, culture and civic society. Galeria's programs and activities include visual art exhibitions and multi-disciplinary public events; ReGeneration, a mentorship program for emerging artists.

Program Service Accomplishments

Program 1
Expenses: $730,367 Revenue: $252,709

Audiences More than 16,000 people attend our annual programs: at least 50% are under 35 years of age and approximately two-thirds are Latinos.VISUAL ARTS EXHIBITIONS:Galera organizes a series of 5 or...

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Audiences More than 16,000 people attend our annual programs: at least 50% are under 35 years of age and approximately two-thirds are Latinos.VISUAL ARTS EXHIBITIONS:Galera organizes a series of 5 or 6 exhibitions annually presenting local, national and international Latino artists. Number served: 14,000 The Visual Arts project focuses equally on presenting emerging, mid-career and establised Latino artists. Galeria's large-scale multidiciplinary exhibitions reflect the organization's willingness to take artistic risks. These exhibits present Latino visual artists employing a balance of various media to address a specific issue. Their works are contextualized through a series of performances, film screenings, lectures and artists panels.THE REGENERATION PROJECT: The ReGeneration Project is a constantly-evolving Galera program involving young Latino artists (ages 18-35). The Project negotiates a strongly reciprocal relationship between the Galera and young artists, offering numerous career development opportunities for the artists, while continuously re-juvenating the organization with the energy and fresh ideas of youth. Number served: 350 LA LUNADA: This is the Bay Area's only Latino literary lounge, which takes place every month on the night of the full moon. Each event features 2 or 3 guest poets and an open-mic.Number served: 1400COLLECTIONS: Galera la Raza's organizational records are archived by the Department of Special Collections of the Davidson Library as a discrete collection named Galera la Raza Archives. The collection consists of records such as slides, photographs, audio, digital, video and film documentation of the Galera de la Raza, exhibition and programming files, Galera publications, graphic prints and posters, correspondence and business files. The archives are part of Proyecto Caridad, a project of the California Ethnic and Multicultural Archives of the Library at the University of California, Santa Barbara. The primary focus of Proyecto Caridad is to collect, organize, duplicate, and catalog the many slides of paintings, posters, murals, sculptures and other activities of Chicano artists represented in the archival collections of four of the major Chicano cultural art centers in California. The resulting slide library is being made available for study and research at the UC Santa Barbara Library. Number served: n/a

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,658,700
Program Service Revenue $252,709
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,911,409

Expense Breakdown

Grants Paid $0
Salaries & Benefits $318,570
Fundraising Expenses $33,600
Program Expenses $730,367
Other Expenses $585,725
TOTAL EXPENSES $904,295

Year-over-Year Comparison

2023 2022 Change
Revenue $1,911,409 $500,538 +2.8%
Expenses $904,295 $424,475 +1.1%
Net Income $1,007,114 $76,063 +12.2%
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
7
Employees
9
Volunteers
48

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
1
$120,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ana Rivera Executive Dir. 40.00
Officer
$120,000 $0 $120,000
Karina Hodoyan Director 2.00
Director
$0 $0 $0
Roberto Gutierrez Varea Vice President 2.00
Director
$0 $0 $0
Esperanza Macias Treasurer 2.00
Director
$0 $0 $0
Edward Mccaughan Secretary 2.00
Director
$0 $0 $0
Fernando Marquez Director 2.00
Director
$0 $0 $0
Robert Goodman Director 2.00
Director
$0 $0 $0
Francisco Buchting President 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 $1,911,409 $904,295 $1,379,794 $1,007,114
2022 $500,538 $424,475 $388,095 $76,063
2021 $532,820 $429,521 $328,696 $103,299
2020 $415,606 $251,876 $204,896 $163,730
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