Local Artists Berkeley
Nonprofit profile at a glance
- EIN
- 823513384
- IRS 990-EZ coverage
- 2021–2021
- Forms available
- Form 990-EZ 2021
- Location
- Oakland, CA, USA
- Phone
- 5105191055
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $73,477
- Expenses
- $73,464
- Assets
- $4,777
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Tom Franco (President)
People named in this filing
- Rory Terrell (Director, Treasure)
- Ana Gallira (Secretary)
- Tom Franco (President)
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 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Local Artists Berkeley is a California non-profit organization which seeks to provide public access to artwork through public exhibition and display for educational, informational, and cultural purposes. LAB encourages the artistic and cultural interests of the community by providing a showcase for art created by local and greater Bay Area artists. In furtherance of these goals, LAB acts as a consultant and project manager for the selection and installation of artwork for temporary display in behalf of public and private entities.
What it reported doing in 2021
Know Going Back Art Tour 2021. LAB fiscal sponsored Firehouse Art Collective and co created an art tour with 16 artists that traveled the country to 33 cities and each city had an art show, art talk, interview with artist(s) museum trip, community out reach and Art Basel program. We meat 100's of people, networked with many artists and art organizations in Oregon, California, Arizona, New Mexico, Colorado, Nebraska, Missouri, Illinois, Ohio, New York, Pennsylvanian, D.C., Virginia, Atalanta, Florida and Texas.
Operating model
- Revenue model
- Donor-supported. 78% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 70% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 100
- Sustainability: 31
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.3%; rating input score 93
- Program expense ratio: 93.3%; rating input score 93
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: 0%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 6.8%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 93.3% of revenue deployed · 93.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $69K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.