Once Upon A December Corp

Overview

Once Upon A December Corp is a nonprofit organization based in the United States, recognized under the Internal Revenue Service (IRS) as a 501(c)(3) entity. The organization is dedicated to charitable purposes, focusing on the promotion of arts and culture, alongside educational initiatives.

Mission and Activities

Once Upon A December Corp strives to influence the community positively through various cultural and artistic programs. The organization actively engages in activities that support artistic expression, education, and community involvement. These initiatives may include workshops, community performances, and educational outreach aimed at fostering appreciation for the arts among diverse populations.

Financial Information

According to the most recent IRS tax filings, Once Upon A December Corp reported the following financial details for the fiscal year ending in March 2020:

• Total Revenue: Approximately $113,000

  • Program Services: $98,910 (87.1%)
  • Contributions: $13,070 (11.5%)
  • Investment Income: $303 (0.3%)

• Total Expenses: Approximately $137,000

  • Executive Compensation: $9,600 (7.0%)

The organization maintains a balance of total assets amounting to approximately $300,527 against total liabilities of about $283,166, indicating sound financial management within their operational framework.

Governance

The governance structure of Once Upon A December Corp includes a board of members responsible for overseeing the organization’s operations. Key personnel within the organization have included a director and several members who contribute to strategic decision-making and program development.

Compliance and Reporting

As a 501(c)(3) nonprofit, Once Upon A December Corp is required to adhere to specific compliance and reporting obligations, including the annual filing of Form 990 with the IRS. This form provides transparency regarding the organization’s finances, governance, and compliance with federal regulations regarding tax-exempt entities.

Conclusion

Once Upon A December Corp plays a vital role in fostering community engagement through cultural enrichment and educational initiatives. Its commitment to supporting the arts and ensuring accessibility to creative programs reflects the broader mission of many nonprofit organizations dedicated to societal improvement.

[1] https://projects.propublica.org/nonprofits/organizations/133058009 [2] https://www.sos.state.tx.us/corp/nonprofit_org.shtml [3] https://www.wolterskluwer.com/en/expert-insights/understanding-how-to-form-and-create-a-nonprofit-corporation [4] https://www.501c3.org/who-really-owns-a-nonprofit/ [5] https://calnonprofits.org/resources/nonprofit-compliance-checklist/