Arts District San Pedro Waterfront

Nonprofit profile at a glance

EIN
471551519
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
San Pedro, CA, USA
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities N.E.C.

Reported finances

Revenue
$122,521
Expenses
$112,187
Assets
$106,055
Liabilities
$9,680

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

People named in this filing

  • Charmian Tsuchiyama (Treasurer)
  • Andrew Silber (Intm BoardChair)
  • Louisa McHugh (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the San Pedro Waterfront Arts District is to support, advocate, and promote San Pedro arts and artists in all genres. We celebrate diversity and inspire appreciation of cultural and artistic expression.

What it reported doing in 2024

Published over 36 e-News Letters about the San Pedro art scene to 2700 subscribersCommissioned an APM mural painted by Revival Murals, in a public selection processRaided the ED salary, in accordance with the Succession PlanProduced 2 Culture TALKS (an arts appreciation series)- a screening of the film Holy Frit and the staged reading of A Christmas CarolLed 9 Guided Artwalk Tours to over 36 galleries and arts spacesOur candidate won Honorary Mayor, raising $ 13,000Completed 2 Snapchat AR activations on a NEA Grant with the help of the Otis Teaching Artist and 50 POLAHS CTE studentsAwarded grants from the Long Beach Arts Council, LA County Arts and Cultures, California Arts Council and the LA Department of Arts & CultureCreated 1000 FirstThursday ArtWalk pocket maps commemorating the 27th Annicersary, sponsored by local businesses, galleries and artists

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 82
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.6%; rating input score 92
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 8.4%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 0.95; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 25.4%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 55.2% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 5.5% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: 18.1% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: 91.6% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $112K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 55/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.