Navel La Co
Nonprofit profile at a glance
- EIN
- 825235150
- IRS 990 coverage
- 2019–2022
- Forms available
- Form 990 2022
- Location
- Los Angeles, CA, USA
- Phone
- 2133404213
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $381,055
- Expenses
- $369,050
- Assets
- $94,174
- Liabilities
- $143,407
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- IRINA CONTRERAS (INTERIM BOARD PRESIDENT)
- MICHAEL HOLT (EXECUTIVE DIRECTOR)
Highest reported compensation
- MICHAEL HOLT (EXECUTIVE DIRECTOR): $70,436 total reported compensation
- IRINA CONTRERAS (INTERIM BOARD PRESIDENT): $7,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of navel la co is to support cultural communities, individuals, and organizations through public programming, space and facilities rentals, residencies, educational programs, and all other related activities to the above mission.
What it reported doing in 2022
Public program & events: our public programming was presented in a hybrid, in-person and online format, due to the ongoing coronavirus pandemic. We offered a series of online conversations regarding cultural work being done by local grassroots artist collectives and organizations called assemblies, which was attended by over 300 people and involved 12 participating artist-organizers facilitating collaborative learning groups. In addition to assemblies we produced 3 concert events featuring local qt/bipoc performance artists & groups which were attended by over 500 people. As always, all of our programs and events are low-cost or free, and no one is turned away for lack of funds.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 92
- Accountability: 73
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.8%; rating input score 58
- Program expense ratio: 59.7%; rating input score 60
- Fundraising efficiency: $8.73 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 71.4%; rating input score 71; 19th 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: 3.2%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 1.52; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 21.1%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 11.2% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 19.9% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 32.3% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 57.8% of revenue deployed · 59.7% of spending went to programs
- Governance: 5 of 7 board members independent · 6 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $220K in reported program spending
- Leadership: top reported pay $70K · 4 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2019 to 2022
- Contacts: How to reach this organization
- Money network: 3 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.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 18/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.