ThinkLA C/o Kaufman & Seargeant
Nonprofit profile at a glance
- EIN
- 205128078
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Westlake Village, CA, USA
- Phone
- 8188886634
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $2,188,835
- Expenses
- $2,241,137
- Assets
- $723,452
- Liabilities
- $53,484
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- Kirsten Atkinson (Co-President)
- Kevin Mayer (Co-President)
Highest reported compensation
- Don Lupo (Executive Direc): $223,917 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
ThinkLA is a media, marketing and advertising collective with a mission to connect, inspire and educate the Los Angeles marketing community.
What it reported doing in 2024
Breakfast & Luncheons - Various breakfasts and luncheons with speakers to provide knowledge and education to the advertising and media arts industry.
Operating model
- Revenue model
- Other-operating. 88% 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 and most voting board members are independent. 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: 37
- Transparency & Controls: 66
- Accountability: 69
- Sustainability: 26
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 42.9%; rating input score 43
- Program expense ratio: 40.3%; rating input score 40
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -2.4%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.32; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 10%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 0.5% per year; rating input score 100; 15th percentile among comparable filings
- Revenue growth: -0% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: -2.5% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 42.9% of revenue deployed · 40.3% of spending went to programs
- Governance: 27 of 27 board members independent · 2 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $904K in reported program spending
- Leadership: top reported pay $224K · 27 people listed · 1 of 6 pay-setting controls reported
- Consistency: 25 of 25 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Moderate — Financial Efficiency: Program expense ratio scored 40/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 26/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.