Arts for LA

What it reported doing in 2024

Convenings - arts for la led 11 cultural convenings that welcomed 309 participants over 24 hours of engagement. We led an arts workers webinar series that served a total of 102 artists and arts workers with education, resources and networking opportunities. We hosted an annual conference that brought together 354 arts and culture leaders from across the region to network and learn about the state of the creative economy in the los angeles region.research - arts for la commissioned and published a report based on the cultural convenings for the 2028 olympic and paralympic games. The report summarized key findings from these sessions. We also commissioned a second study, titled, arts and music in schools: exploring prop 28 implementation and public perceptions in los angeles county which sought to understand how la county school leaders are both envisioning and witnessing the impact of prop 28 at their schools.education and leadership development - arts for la provided information about the creative economy and cultural policy issues to over 75,000 subscribers of our website and social media platforms.we trained 90 community members across the four tracks of our activate leadership development program. Through our activate delegates track, we trained participants to understand the political process and how to be civically engaged in los angeles. Through our activate emerging arts leaders track we helped participants ideate and execute targeted community engagement programs for the emerging arts leader community of los angeles. Through our activate protege track, participants received personalized professional development through one-on-one mentorships with seasoned arts and culture leaders. Through our activate student organizing track, we provide high-school students throughout los angeles county the skills needed to become leading arts advocate in the growing student movement for equitable access to an arts education. Total of 15 students participated during the tax year. These 90 community members joined an activate alumni network of over 700 individuals that arts for la continues to engage in support of artists, arts workers, and arts organizations across the los angeles region. Activate celebrated its 10-year anniversary where we welcomed these alumni to celebrate the importance of this program, their experiences as participants, and their continued leadership.

Financial Efficiency

• Mission deployment rate: 77.5%; rating input score 77
• Program expense ratio: 77.5%; rating input score 78
• Fundraising efficiency: $9.83 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 0.1%; rating input score 36; 36th percentile among comparable filings
• Total-asset coverage ratio: 0.44; rating input score 20; 20th percentile among comparable filings
• Liabilities to assets ratio: 0.14; rating input score 37; 37th percentile among comparable filings
• Officer compensation ratio: 13.2%; rating input score 27; 27th percentile among comparable filings

Growth

• Program expense growth: 14.1% per year; rating input score 100; 73rd percentile among comparable filings
• Revenue growth: 12.7% per year; rating input score 100; 74th percentile among comparable filings
• Asset growth: 10.2% per year; rating input score 100; 59th percentile among comparable filings