ARTISTIC RESOURCES IN ACTION FOUNDATION

EIN: 954788175 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$154,899
Total Expenses
$88,591
Total Assets
$1,385,802
Net Assets
$1,365,802
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CA
Principal Officer
KATHERINE KANE CODY
Phone
3107222742
Tax Period
2023-01-01 to 2023-12-31

ARTISTIC RESOURCES IN ACTION FOUNDATION, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $155K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $66K, a strong 43% operating margin.

Mission

THE ORGANIZATION'S PURPOSE IS TO SERVE AS A CHARITABLE ORG.TO WHICH INDIVIDUALS AND BUSINESSES ASSOCIATED WITH THE MUSIC ENTERTAINMENT INDUSTRY WILL BE ENCOURAGED TO PROVIDE CONTRIBUTIONS AND OTHER SUPPORT FOR USE IN PROMOTING CHARITABLE PURPOSES WHICH INCLUDES ADVANCEMENT OF ENVIRONMENTAL PROTECTION,CLEAN ENERGY,ARTS,EDUCATION,SOCIAL JUSTICE AND ASSISTANCE DUE TO NATURAL DISASTER ADVANCING ITS PURPOSES THROUGH GRANTMAKING TO OTHER 501(C)(3) ORGANIZATIONS THAT WORK IN THESE FIELDS AND THROUGH THE OPERATION OF SPECIFIC PROGRAMS LIKE ERECTING INFO BOOTHS AND AREAS AT CONCERTS TO EDUCATE AND ENLIGHTEN CONCERT ATTENDEES,AND TO DISTRIBUTE INFORMATION THROUGH THE BAND APPROVED WEBSITES.THE ORGANIZATION PROVIDES AID AND OTHER SUPPORT TO NEEDY,UNDERPRIVILEDGED INDIVIDUALS WHO ONCE HAD CAREERS IN THE MUSIC INDUSTRY AND HAVE FALLEN ON HARD TIMES OR WHO HAVE PROVEN A LONG TERM COMMITMENT TO PROMOTE SOCIAL WELFARE BUT ARE NOW IN FINANCIAL NEED AND DISTRESS OR ARE IN EMERGENCY MEDICAL NEED.

Program Service Accomplishments

Program 1
Expenses: $1,000

PROGRAM TO ERECT ENVIRONMENTAL AND SOCIAL JUSTICE INFORMATION BOOTHS AND AREAS AT CONCERTS TO EDUCATE AND ENLIGHTEN PEOPLE WHO ATTEND THESE CONCERT EVENTS,AND WORK WITH BANDS AND THEIR MANAGEMENT TO...

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PROGRAM TO ERECT ENVIRONMENTAL AND SOCIAL JUSTICE INFORMATION BOOTHS AND AREAS AT CONCERTS TO EDUCATE AND ENLIGHTEN PEOPLE WHO ATTEND THESE CONCERT EVENTS,AND WORK WITH BANDS AND THEIR MANAGEMENT TO DISTRIBUTE ENVIRONMENTAL AND SOCIAL JUSTICE EDUCATIONAL INFORMATION THROUGH BAND APPROVED INTERNET SITES.

Program 2
Expenses: $78,819 Revenue: $102,513

OPERATING GRANTS TO DIFFERENT EXEMPT ORGANIZATIONS THAT WORK IN THEIR COMMUNITIES TO PROMOTE SOCIAL WELFARE,INCLUDING SUPPORT FOR ENVIRONMENTAL PROTECTION,CLEAN ENERGY,ARTS,EDUCATION,SOCIAL JUSTICE...

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OPERATING GRANTS TO DIFFERENT EXEMPT ORGANIZATIONS THAT WORK IN THEIR COMMUNITIES TO PROMOTE SOCIAL WELFARE,INCLUDING SUPPORT FOR ENVIRONMENTAL PROTECTION,CLEAN ENERGY,ARTS,EDUCATION,SOCIAL JUSTICE AND ASSISTANCE DUE TO NATURAL DISASTER.

Program 3

PROVIDE AID AND OTHER SUPPORT TO NEEDY AND UNDERPRIVILEDGED INDIVIDUALS WHO ONCE HAD CAREERS IN THE MUSIC INDUSTRY BUT ARE NOW IN FINANCIAL NEED AND DISTRESS,AS WELL AS INDIVIDUALS WHO HAVE PROVEN A...

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PROVIDE AID AND OTHER SUPPORT TO NEEDY AND UNDERPRIVILEDGED INDIVIDUALS WHO ONCE HAD CAREERS IN THE MUSIC INDUSTRY BUT ARE NOW IN FINANCIAL NEED AND DISTRESS,AS WELL AS INDIVIDUALS WHO HAVE PROVEN A LONG TERM COMMITMENT TO PROMOTE SOCIAL WELFARE AND HAVE FALLEN ON HARD TIMES OR ARE IN NEED OF EMERGENCY MEDICAL CARE.

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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 $102,513
Program Service Revenue $0
Investment Income $52,386
Other Revenue $0
TOTAL REVENUE $154,899

Expense Breakdown

Grants Paid $83,750
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $79,819
Other Expenses $4,841
TOTAL EXPENSES $88,591

Year-over-Year Comparison

2023 2022 Change
Revenue $154,899 $358,045 -0.6%
Expenses $88,591 $326,824 -0.7%
Net Income $66,308 $31,221 +1.1%
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
3
Independent Members
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE KANE CODY PRESIDENT/BOARD CHAIR 1.50
Officer Director
$0 $0 $0
RENATA KANCLERZ TREASURER/DIRECTOR 0.15
Officer Director
$0 $0 $0
NADINE BLOCH SECRETARY/DIRECTOR 0.15
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 $154,899 $88,591 $1,385,802 $66,308
2022 $358,045 $326,824 $1,380,494 $31,221
2021 $1,012,025 $12,043 $1,268,273 $999,982
2020 $18,174 $9,409 $268,291 $8,765
2019 $137,624 $135,407 $259,526 $2,217
2018 $283,247 $277,269 $257,309 $5,978
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