PUBLIC CORP FOR THE ARTS OF THE CITY OF LONG BEACH

EIN: 953038398 501(c)(3) Arts, Culture & Humanities

LONG BEACH, CA

Total Revenue
$3,284,825
Total Expenses
$4,679,467
Total Assets
$1,688,299
Net Assets
$1,136,452
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
CA
Principal Officer
GRISELDA SUAREZ
Phone
5624352787
Tax Period
2023-10-01 to 2024-09-30

PUBLIC CORP FOR THE ARTS OF THE CITY OF LONG BEACH, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $4.7M exceeded revenue, resulting in a 42% operating deficit.

Mission

TO PROMOTE ARTS BY ENCOURAGING AND SUPPORTING THE DEVELOPMENT OF DIVERSE ARTISTIC AND CULTURAL RESOURCES.

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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 $3,300,314
Program Service Revenue $18,466
Investment Income $15,690
Other Revenue $-49,645
TOTAL REVENUE $3,284,825

Expense Breakdown

Grants Paid $2,904,729
Salaries & Benefits $963,155
Fundraising Expenses $42,299
Program Expenses $4,246,746
Other Expenses $780,350
TOTAL EXPENSES $4,679,467

Year-over-Year Comparison

2023 2022 Change
Revenue $3,284,825 $2,703,019 +0.2%
Expenses $4,679,467 $6,312,543 -0.3%
Net Income $-1,394,642 $-3,609,524 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
16
Volunteers
20

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
5
$107,607
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG JOHNSON PRESIDENT 1.00
Officer Director
$0 $0 $0
ANNE LATTIME VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
MARC DAVIDSON SECRETARY 1.00
Officer Director
$0 $0 $0
CRISTINA ESPIRITU TREASURER 1.00
Officer Director
$0 $0 $0
DANIEL ALVARADO BOARD MEMBER 1.00
Director
$0 $0 $0
ELAINE BERNAL BOARD MEMBER 1.00
Director
$0 $0 $0
VIOLET BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER DROLET BOARD MEMBER 1.00
Director
$0 $0 $0
TASHA HUNTER BOARD MEMBER 1.00
Director
$0 $0 $0
JAYRO SANDOVAL BOARD MEMBER 1.00
Director
$0 $0 $0
SAYON SYPRASOEUTH BOARD MEMBER 1.00
Director
$0 $0 $0
JON BOYDEN BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN BRYNES BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA FRUTA BOARD MEMBER 1.00
Director
$0 $0 $0
CHAD MICHAEL HALL BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL KENNEDY BOARD MEMBER 1.00
Director
$0 $0 $0
MAUREEN MCGLYNN BOARD MEMBER 1.00
Director
$0 $0 $0
LIZ MUNZON BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES NASH BOARD MEMBER (UNTIL 11/01/23) 1.00
Director
$0 $0 $0
GRISELDA SUAREZ EXECUTIVE DIRECTOR 45.00
Officer
$104,283 $3,324 $107,607
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 $3,284,825 $4,679,467 $1,688,299 $-1,394,642
2023 $2,703,019 $6,312,543 $4,155,432 $-3,609,524
2022 $6,895,518 $2,067,608 $6,286,863 $4,827,910
2021 $3,278,156 $2,945,664 $1,457,547 $332,492
2020 $1,166,856 $991,658 $1,139,470 $175,198
2019 $1,316,909 $1,016,688 $864,217 $300,221
2018 $938,178 $855,364 $561,892 $82,814
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