Carla

What it reported doing in 2024

Carla, the quarterly magazine, is our core program, and is a ten-year-old archive of arts coverage, interviews, and images? to date, we have published 41 print issues. Carla? s quarterly print magazine is available in over 170 galleries and art spaces in L.A. and beyond. To date, over 380+ art spaces have been featured in our pages. Carla has published texts by 160+ writers (the vast majority of whom reside in L.A.) about the work of 1,700+ artists who live or exhibit in our city. Our articles are distributed in several university libraries and on community college campuses where they are utilized for educational purposes by arts professors across the nation. In the last fiscal year, our organization produced 4 issues of our printed quarterly magazine, and 12 online reviews, publishing a total of 56 LA-based pieces of art criticism which impacted that many writers, hundreds of local artists and art spaces covered. We hosted 7 member events, which acted as entry points for our community into conversations around art. We held three public launch party events, partnering with local gallery spaces around they city, offering welcoming access points, and we held a successful fundraising event which included an art auction featuring over 100 LA-based artists. We have built a working board of artists and art workers who act as community advocates. We operate on a balanced budget, following non-profit best practices for fiscal management. Carla continues to make significant strides in organizational infrastructure and leadership, with professional development and coalition-building with peer organizations on a national level. In January, Carla? s Executive Director helped form Regional Art Publications (RAP), a new coalition of non-profit regional art publishers that is actively building collective support systems that will ensure the longevity of regionally focused art writing, nationwide. Additionally, this year we received grant support from The Getty Foundation and Critical Minded.

Financial Efficiency

• Mission deployment rate: 53%; rating input score 53
• Program expense ratio: 60%; rating input score 60
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
• Governance controls: 0 of 7 controls in place; rating input score 0
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Fail
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 11.7%; rating input score 63; 63rd percentile among comparable filings
• Total-asset coverage ratio: 0.23; rating input score 13; 13th percentile among comparable filings
• Liabilities to assets ratio: 0.42; rating input score 12; 12th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited