Grand Performances

What it reported doing in 2024

In 2024, grand performances (gp) expanded year-round programming, deepened community partnerships, and strengthened its operational systems in preparation for its 40th anniversary in 2026. The organization's key accomplishments in 2024 include: programming and attendance:- presented 30+ live performances and community events across music, poetry, dance, and film.- welcomed over 25,000 in-person attendees to California plaza, a 200% increase from pre-pandemic levels.- expanded programming into spring and fall seasons, beyond gp's traditional summer series.- curated new formats including classical and poetry showcases, on-site culinary experiences, and interactive cultural conversations.community engagement:- partnered with pauly's project and hello stranger for a community sock and underwear drive supporting unhoused neighbors.- collaborated with omni hotel los angeles to introduce culturally themed on-site dining reflecting the artists' backgrounds.- continued partnerships with chirla, ed trust west, aarp, kcrw and others to extend gp's reach across los angeles county.- strengthened relationships with local artists, youth performers, and vendors, emphasizing paid opportunities and mentorship.workforce and vendor village:- expanded the vendor village to showcase 25+ local small businesses and community entrepreneurs.- provided paid youth workforce opportunities in production, marketing, and front-of-house operations.- offered professional development sessions for interns through the la county arts internship program and gp's own youth workforce initiative.artistic innovation:- introduced thematic programming connecting food, music, and storytelling across global traditions.- featured multidisciplinary events such as broadway night lights, grand avenue arts: all access, and late night train of thought with metro art and zcalo.- continued emphasis on cross-cultural programming positioning los angeles as both local and global.fund development and operations- diversified funding through renewed multi-year grants and new foundation partnerships.- maintained balanced financial operations with increased earned revenue from membership and vendor participation.- strengthened governance and compliance systems in preparation for gp's 40th anniversary strategic framework (20252026).looking aheadgrand performances enters 2025 with a clear focus on:- expanding regional programming in partnership with los angeles county cultural hubs;- strengthening its youth and workforce development pipeline; and- launching the "gp 40th anniversary" planning initiative to celebrate four decades of free, world-class performing arts for all.

Financial Efficiency

• Mission deployment rate: 86%; rating input score 86
• Program expense ratio: 75.8%; rating input score 76
• Fundraising efficiency: $1.36 raised per $1 spent on fundraising; rating input score 4; 4th 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: 6 of 8 controls in place; rating input score 75
  • 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: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -12.9%; rating input score 14; 14th percentile among comparable filings
• Total-asset coverage ratio: 0.94; rating input score 41; 41st percentile among comparable filings
• Liabilities to assets ratio: 0.07; rating input score 47; 47th percentile among comparable filings
• Officer compensation ratio: 7.5%; rating input score 45; 45th percentile among comparable filings

Growth

• Program expense growth: -0.8% per year; rating input score 0; 15th percentile among comparable filings
• Revenue growth: 0.9% per year; rating input score 100; 18th percentile among comparable filings
• Asset growth: 7.6% per year; rating input score 100; 50th percentile among comparable filings