Hollywood Arts

Nonprofit profile at a glance

EIN
331130887
IRS 990-EZ coverage
2011–2015
Forms available
Form 990-EZ 2015
Location
Los Angeles, CA, USA
Phone
2138048592
Rating
53
Verdict
MIXED
Rating confidence
Moderate
Sector
Arts Education

Official website

Reported finances

Revenue
$33,112
Expenses
$3,293
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

13 people listed

People named in this filing

  • DAVID JARRETT (Chairman)
  • VICKI CURRY (Secretary)
  • ELIZABETH LEVITT HIRSCH (Board Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Job readiness and transition to college programs with all programs based in the entertainment fields. Note that dissolve and has surrendered its charter.

What it reported doing in 2015

Job readiness and transition to college programs with emphasis on programs based on the entertainment fields. In 2015, the organization surrendered its charter.

Operating model

Revenue model
Other-operating. 65% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 21
  • Transparency & Controls: 100
  • Sustainability: 54
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 5.6%; rating input score 6
  • Program expense ratio: 46%; rating input score 46

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 90.1%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -46% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -33.8% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: -37.7% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 5.6% of revenue deployed · 46% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $2K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 5 filing years from 2011 to 2015
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 6/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 46/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.