League Of Allied Arts Corporation
- Assets
- $34.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/1975
- Data as of
- 12/2021
- EIN
- 51-0172517
Organization Overview
League Of Allied Arts Corporation is located in Los Angeles, CA. The organization was established in 1975. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. League Of Allied Arts Corporation 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 12/2021, League Of Allied Arts Corporation generated $3.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $4.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DONATED FUNDS TO THREE LOCAL CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hassena Khan Leonard Second Vice President | 4 | $0 | |
Margaret Mccauley Financial Secretary | 4 | $0 | |
Virginia Bland First Vice President | 4 | $0 | |
Barbara Taylor Third Vice President | 4 | $0 | |
Velonne Atkins President | 4 | $0 | |
Joan Thomas Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $935 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,600 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $245 |
| Total Revenue | $3,783 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $864 |
| Other expenses | $2,947 |
| Total expenses | $4,111 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,387 |
| Other assets | $0 |
| Total assets | $34,387 |
| Total liabilities | $0 |
| Net assets or fund balances | $34,387 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that League Of Allied Arts Corporation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Magic Johnson Foundation Inc Beverly Hills, CA PURPOSE: SOCIAL EFFORTS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Promax International-B P M E Los Angeles, CA | $3,481,355 | $4,696,614 |
Parents Television Council Inc Burbank, CA | $1,135,899 | $2,049,720 |
Fernando Pullum Community Arts Center Los Angeles, CA | $876,540 | $1,022,843 |
W S T S Inc Morgan Hill, CA | $1,321,708 | $748,114 |
Hawaii Alliance For Arts Education Honolulu, HI | $367,342 | $718,860 |
Corporate Directors Forum San Diego, CA | $498,040 | $545,448 |
East Bay Leadership Council Walnut Creek, CA | $663,192 | $469,737 |
Hope Alive Incorporated Fremont, CA | $471,896 | $363,587 |
Californians For Compensation Reform Sacramento, CA | $389,177 | $188,760 |
L A Stage Alliance Los Angeles, CA | $0 | $0 |
Forum For Corporate Directors Of Orange County Santa Ana, CA | $124,724 | $345,185 |
Cshrp Inc Half Moon Bay, CA | $303,533 | $235,792 |