Craft Contemporary
- Assets
- $3.0m
- Revenue
- $1.3m
- Investments
- $1.0m
- Employees
- 15
- Location
- Los Angeles, CA
- Founding
- 04/1975
- Data as of
- 06/2021
- EIN
- 23-7442244
Organization Overview
Craft Contemporary is located in Los Angeles, CA. The organization was established in 1975. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Craft Contemporary employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Craft Contemporary is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Craft Contemporary generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $779.5k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CRAFT CONTEMPORARY REVEALS THE POTENTIAL OF CRAFT TO EDUCATE, CAPTIVATE, PROVOKE, AND EMPOWER. WITH A FOCUS ON CONTEMPORARY ART MADE FROM CRAFT MEDIA AND PROCESSES, CRAFT CONTEMPORARY PRESENTS DYNAMIC EXHIBITIONS BY ESTABLISHED AND EMERGING ARTISTS AND DESIGNERS WHO ARE OFTEN UNDERREPRESENTED IN LARGER ART INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRAFT CONTEMPORARY (CC) WAS CLOSED TO THE PUBLIC FROM MARCH 2020 TO MAY 9, 2021. ALL PROGRAMS INCLUDING CRAFT WORKSHOPS AND STUDIO TOURS WERE PRESENTED ONLINE VIA THE ZOOM AND INSTAGRAM LIVE PLATFORMS AS WELL AS MATERIALS PRESENTED ON YOUTUBE AND THE MUSEUM WEBSITE. SCHOOL TOURS WERE CONDUCTED ONLINE FOR ABOUT 500 STUDENTS. THE MUSEUM REOPENED WITH THREE ARTISTICALLY DIVERSE EXHIBITIONS WHICH HIGHLIGHTED CRAFT MATERIALS AND PROCESSES AND INVOLVED COMMUNITY COLLABORATION. PUBLIC PROGRAMS INCLUDING ART TALKS, GALLERY TOURS AND PANEL DISCUSSIONS WERE CONDUCTED VIRTUALLY. THE SHOP SUPPORTED LOCAL MAKERS VIA ONLINE SALES AND IN-PERSON SALES FOLLOWING THE MUSEUM RE-OPENING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Johnson Secretary | OfficerTrustee | 2 | $0 |
Stan Savage Treasurer | Officer | 2 | $0 |
Richard Erickson Board Chair | Officer | 5 | $0 |
Wally Marks III Director | Trustee | 1 | $0 |
Janice Pober Director | Trustee | 1 | $0 |
Brad Fry Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,162 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $266,890 |
| All other contributions, gifts, grants, and similar amounts not included above | $924,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,225,770 |
| Total Program Service Revenue | $6,510 |
| Investment income | $11,695 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,762 |
| Net Income from Fundraising Events | $19,515 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,801 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,271,529 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,000 |
| Compensation of current officers, directors, key employees. | $28,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $361,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,465 |
| Payroll taxes | $37,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,860 |
| Advertising and promotion | $5,406 |
| Office expenses | $16,041 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,716 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,695 |
| Insurance | $13,280 |
| All other expenses | $3,797 |
| Total functional expenses | $779,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $878,882 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $420,630 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,559 |
| Prepaid expenses and deferred charges | $13,814 |
| Net Land, buildings, and equipment | $666,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,026,473 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,049,926 |
| Accounts payable and accrued expenses | $48,160 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $105,530 |
| Other liabilities | $0 |
| Total liabilities | $153,690 |
| Net assets without donor restrictions | $1,366,530 |
| Net assets with donor restrictions | $1,529,706 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,049,926 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Craft Contemporary has recieved totaling $104,837.
| Awarding Organization | Amount |
|---|---|
Ralph M Parsons Foundation Los Angeles, CA PURPOSE: FOR GENERAL SUPPORT OF MUSEUM AND EDUCATION PROGRAMS | $50,000 |
A & V Kulaev Cultural Heritage Fund Walnut, CA PURPOSE: THIS GRANT SUPPORTED AN IMPORTANT EXHIBITION: TUOYA AFSHAR EXHIBIT AS WELL AS GENERAL ADMINISTRATIVE FUNCTIONS. ALSO NEW YORK-BASED ARTIST AND CURATOR JAISHRI ABICHANDANIS CELEBRATORY VISIONS OF FEMINIST AND TRANSGENDER LIBERATION TAKE THEIR FORMS FROM INDIAN CLASSICAL ART AND THEIR SUBJECTS FROM CONTEMPORARY SOUTH ASIAN DIASPORA CULTURE AND ACTIVISM. FLOWER-HEADED CHILDREN IS THE FIRST COMPREHENSIVE MUSEUM SURVEY OF THE ARTISTS VARIED CREATIVE PRODUCTION. | $38,000 |
Pasadena Art Alliance Pasadena, CA PURPOSE: SUPPORT FOR ARTISTS, EXHIBITIONS, EDUCATIONAL PROGRAMS AND OTHER ART-ORIENTED PROJECTS | $13,000 |
The Shirley Baskin Foundation Los Angeles, CA PURPOSE: CHARITABLE PURPOSE OF ORGANIZATION | $2,045 |
Ruth And Joseph C Reed Foundation For The Arts Simi Valley, CA PURPOSE: GRANTS FOR THE ARTS | $1,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Hot Rod Association San Dimas, CA | $60,527,116 | $84,074,162 |
The Exploratorium San Francisco, CA | $264,783,310 | $48,557,720 |
Oakland Museum Of California Oakland, CA | $69,568,610 | $21,712,450 |
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
Lucas Museum Of Narrative Art Los Angeles, CA | $1,047,180,873 | $200,315,657 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Operation Underground Railroad Inc Anaheim, CA | $68,076,312 | $47,549,013 |
Discovery Science Center Of Orange County Santa Ana, CA | $60,809,996 | $26,194,294 |
Grammy Museum Foundation Inc Los Angeles, CA | $19,726,049 | $9,757,476 |
Japanese American National Museum Los Angeles, CA | $64,155,556 | $8,326,332 |
Mingei International Inc San Diego, CA | $66,923,986 | $7,226,145 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |