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Nonprofit · EIN 94-2990342

45TH STREET ARTISTS COOPERATIVE

Tax-exempt · EMERYVILLE, CA 94608

Financials

$459K$516K2023$477K$425K2024
Revenue Expenses · by fiscal year end
Financials of 45TH STREET ARTISTS COOPERATIVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$477,455$424,705$52,750$1,716,575$230,431$1,486,144
December 31, 2023990$458,658$515,526-$56,868$1,666,498$233,146$1,433,352
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$29,834
Program service revenue
$445,013
Investment income
$2,508
Net gain from sales of assets
-$1,278
Other revenue
$100

Expenses

Grants and similar amounts paid
$500
Other salaries and wages
$132,557
Salaries, compensation and benefits (total)
$148,707
Professional fundraising fees
$0
Legal fees
$3,710
Accounting fees
$3,866
Occupancy
$66,918
Depreciation
$110,540
Program services (functional)
$274,832
Management and general (functional)
$149,873

Balance sheet and other

Total assets, start of year
$1,666,498
Total assets, end of year
$1,716,575
Total liabilities, end of year
$230,431
Net assets, end of year
$1,486,144
Land, buildings and equipment
$1,089,863
Publicly traded securities
$121,547
Net assets without donor restrictions
$1,486,144
Gross receipts
$499,991
Employees
3
Year formed
1987
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
PACKARD JENNINGSPRESIDENT
Trustee or director, Officer
1$0
MATHEW KIRKLANDVICE-PRESIDE
Trustee or director, Officer
1$0
JOHN DEMERRITTTREASURER
Trustee or director, Officer
1$0
CARRIE HOTTSECRETARY
Trustee or director, Officer
1$0
TOM STORYDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
MATHEW KIRKLANDPRESIDENT
Trustee or director, Officer
1$0
PACKARD JENNINGSVICE-PRESIDE
Trustee or director, Officer
1$0
JOHN DEMERRITTTREASURER
Trustee or director, Officer
1$0
CARRIE HOTTSECRETARY
Trustee or director, Officer
1$0
TOM STORYDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1420 45TH ST, EMERYVILLE, CA 94608-2906
Principal officer (990 for 2024)
PACKARD JENNINGS, 1420 45TH STREET, EMERYVILLE, CA 94608
Signed the 990
PACKARD JENNINGS, PRESIDENT
Phone
(510) 655-2880
Return prepared by
THE HENRY LEVY GROUP

California records

California keeps its own records of charities and corporations. Search them by EIN 94-2990342 or by the name 45TH STREET ARTISTS COOPERATIVE.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

THE PURPOSE OF THIS CORPORATION IS TO PROVIDE ITS MEMBERS WITH PERMANENTLY AFFORDABLE HOUSING AND ARTIST'S STUDIO SPACE ON A NONPROFIT LIMITED-EQUITY COOPERATIVE BASIS, CONSONANT WITH THE PROVISIONS OF THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW, CORPORATIONS CODE SECTION 5110 ET. SEQ., HEALTH AND SAFETY CODE SECTION 33007.5 AND WITH THE PROVISIONS SET FORTH IN ITS ARTICLES OF INCORPORATION. THIS HOUSING IS INTENDED TO SERVE PRIMARILY ARTISTS, AT LEAST 51% OF WHOM HAVE INCOMES AT OR BELOW 80% OF AREA MEDIAN INCOME AND 49% OF WHOM HAVE INCOMES AT OR BELOW 120% OF AREA MEDIAN INCOMES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PURPOSE OF THIS CORPORATION IS TO PROVIDE ITS MEMBERS WITH PERMANENTLY AFFORDABLE HOUSING AND ARTIST'S STUDIO SPACE ON A NONPROFIT LIMITED-EQUITY COOPERATIVE BASIS, CONSONANT WITH THE PROVISIONS OF THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW, CORPORATIONS CODE SECTION 5110 ET. SEQ., HEALTH AND SAFETY CODE SECTION 33007.5 AND WITH THE PROVISIONS SET FORTH IN ITS ARTICLES OF INCORPORATION. THIS HOUSING IS INTENDED TO SERVE PRIMARILY ARTISTS, AT LEAST 51% OF WHOM HAVE INCOMES AT OR BELOW 80% OF AREA MEDIAN INCOME AND 49% OF WHOM HAVE INCOMES AT OR BELOW 120% OF AREA MEDIAN INCOMES.
    Expenses $274,832 · grants $500 · revenue $448,263
  • THE 45TH STREET ARTISTS' COOPERATIVE'S YOUTH ART PROGRAM PROVIDES TEACHERS, MATERIALS, AND INSTRUCTION IN THE ARTS TO THE EMERY UNIFIED SCHOOL DISTRICT. IN THE WAKE OF PROPOSITION 13 AND THEN THE SUBSEQUENT DISTRICT BUDGET CUTS,THE ARTS WERE ON THE CHOPPING BLOCK AND THE 45TH STREET ARTISTS' COOPERATIVE STEPPED IN TO FILL THE VOID. AFTER THREE DECADES, THE PROGRAM CONTINUES TO ENJOY SUCCESS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
94-2990342
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1986
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,716,575
Income (IRS master file)
$499,991

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$477,455$424,705$1,716,575XML
990December 2023$458,658$515,526$1,666,498XML
990December 2022$433,444$395,800$1,722,276IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-2990342).

Questions about 45TH STREET ARTISTS COOPERATIVE

What is the EIN of 45TH STREET ARTISTS COOPERATIVE?
The employer identification number (EIN) of 45TH STREET ARTISTS COOPERATIVE is 94-2990342.
Is 45TH STREET ARTISTS COOPERATIVE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to 45TH STREET ARTISTS COOPERATIVE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does 45TH STREET ARTISTS COOPERATIVE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of 45TH STREET ARTISTS COOPERATIVE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did 45TH STREET ARTISTS COOPERATIVE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of 45TH STREET ARTISTS COOPERATIVE?
The 990 for the year ended December 31, 2024 names PACKARD JENNINGS.
Who are the officers and directors of 45TH STREET ARTISTS COOPERATIVE?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does 45TH STREET ARTISTS COOPERATIVE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $477,455, expenses of $424,705 and total assets of $1,716,575 at year end.

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