2024-11-14T10:57:06-05:00 2023-12-31 John Courtney & Associates CPAs 5040 Rahlves Drive Castro Valley CA 94546 990 2023-01-01 943165716 Foundation for Global Arts FOUN 1350 TREAT BLVD STE 430 WALNUT CREEK CA 94597 R Walker President 9259432248 2024-11-12 true true James Phillips CPA P00330858 6503416006 2024-11-14 X 2023 2024-10-15 13:58:12Z Formerly - Russian Arts Founda 650129 false X X 1992 CA Promote mutual understanding between peoples of the United States and other countries; Promote cultural exchange and dialogue through programs involving music and the arts. 5 5 0 0 0 2287258 367361 62811 134274 182128 148494 0 2532197 650129 162500 0 0 61000 73600 0 3917 681807 1104420 905307 1178020 1626890 -527891 14395730 15382843 5148 1866 14390582 15380977 Promote mutual understanding between peoples of the United States and other countries; Promote cultural exchange and dialogue through programs involving music and the arts. false false 1106495 Organization of performances and special events, support cultural exchange, and promote mutual understanding through music and the arts. 1106495 true true false false false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false true 6 0 true 0 true false false false false false true true false false false false false false X 5 5 true false false false false false false true true false false true true true true true true true true false CA X RICHARD WALKER 9259432248 1350 TREAT BLVD 400 Walnut Creek CA 94597 Kevin Walker Vice President 5.00 0.00 X 40000 0 0 Kelly Kaplan Secretary 10.00 0.00 X 33600 0 0 Shand S Stephens Director 0.50 0.00 X 0 0 0 Michael J Polenske Director 0.50 0.00 X 0 0 0 Diana P Kern Director 0.50 0.00 X 0 0 0 Thomas Ferguson Chairman & Director 0.50 0.00 X X 0 0 0 David L Taub Treasurer & Director 0.50 0.00 X X 0 0 0 Richard P Walker President 20.00 0.00 X 0 0 0 73600 0 0 0 false false false 367361 367361 Recordings and projects 512000 134274 134274 134274 148494 148494 650129 134274 0 148494 73600 40000 33600 450000 450000 20100 20100 42496 42496 13908 13908 16597 16597 Performance and Recording 246855 246855 Consulting 62797 62797 Donor Relations 247750 247750 Fundraising Event Exp 3917 3917 1178020 1106495 67608 3917 2743843 320689 23120 22453 5832714 6940596 5785838 8089355 10215 9750 14395730 15382843 5148 1866 5148 1866 X 14367462 15358524 23120 22453 14390582 15380977 14395730 15382843 -527891 1518286 0 X false true X true false X 521270 1180261 915596 2287258 367361 5271746 521270 1180261 915596 2287258 367361 5271746 3098759 2172987 118274 122363 149069 182128 148494 720328 5992074 0.36260 0.07700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Priv Inv Psp Int Cost 8089355 C 8089355 Other Assets 9750 9750 X 2168415 1518286 1518286 650129 650129 1178020 1178020 1178020 Footnote for uncertain tax position under FIN 48 (Part X) Income Taxes - The Foundation is a California Nonprofit Organization. It is exempt from income taxes under Section 501(c)(3) if the Internal Revenue Code and 23701(D) of the California Revenue and Taxation Code. Management believes there is no unrelated business income. Management evaluated the Foundations tax positions and concluded that the Foundation has maintained its tax-exempt status and has taken no uncertain tax positions that require adjustment to the financial statements. Accordingly there is no provision for federal or state income taxes. Federal and state tax authorities generally have the right to examine and audit the previous years of tax returns filed. (Federal three years, California four years). Richard P Walker Professional Corp 100 Owned by Richard P Walker 450000 Stratigic Counsel Professional Serivces false Supplemental Information for Schedule L In April 2022, the Foundation entered into a professional services agreement with Richard P. Walker, a professional corporation (RPWPC) to provide strategic counsel and general counsel professional services to and for the benefit of the Foundation or other beneficiaries of the Foundation. Under this agreement, the Foundation paid $450,000 to RPWPC in 2023. RPWPC is a related organization since Richard P. Walker is the President of the Foundation. Officer directors etc family relationship Part VI line 2 In November 2021, Kevin Walker was elected Vice President of the Foundation. His father, Richard Walker, is President of the Foundation. Form 990 governing body review Part VI line 11 Form 990 Part VI Line 11BReviewed prior to filing by the President and Secretary/Bookkeeper of the Board, and by the Audit Committee. Conflict of interest policy compliance Part VI line 12c Form 990 Part VI Line 12CDuring each Board meeting, each individual shall be required to disclose to the Organization any personal interest which he or she may have in any matter pending before the Organization and shall refrain from participating in any decisions regarding such matters. Board members are not allowed to participate in any discussion or vote on any matter in which he or she or a member of his or her immediate family has a potential interest. CEO executive director top management comp Part VI line 15a Form 990 Part VI Line 15AThe Board approves CEO Executive Director and top management annual compensation using independent comparable data in its review process. Other officer or key employee compensation Part VI line 15b Form 990 Part VI Line 15BThe Board approves other officer and key employee annual compensation using independent comparable data in its review process. Governing documents etc available to public Part VI line 19 Form 990 Part VI Line 19No other documents are available to the public. General explanation attachment In April 2022, the Foundation entered into a professional services agreement with Richard P. Walker, a professional Corporation (RPWPC) to provide strategic counsel and general counsel professional serivces to and for the benefit of the Foundation or other beneficiaries of the Foundation. Under this agreement, the Foundation paid $450,000 to RPWPC in 2023. RPWPC is a related organization since Rechard P. Walker is the President of the Foundation.