Compound Lb
- Assets
- $380.7k
- Revenue
- $573.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2021
- EIN
- 85-1838210
Organization Overview
Compound Lb is located in Los Angeles, CA. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Compound Lb 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, Compound Lb generated $573.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $360.9k during the year ending 12/2021. While expenses have increased by 19.9% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
COMPOUND IS A CULTURAL AND CREATIVE COMPLEX FOSTERING THE INTERSECTION OF CONTEMPORARY ART, WELLNESS, AND COMMUNITY IMPACT. WE OFFER COMMUNITY WORKSHOPS, CONTEMPORARY ART EXHIBITIONS, EDUCATION CLASSES, IMMERSIVE WELLNESS EXPERIENCES, AND COMMUNITY FORUMS. COMPOUND CREATES SPACE AND PROGRAMS THAT EMBRACE DIVERSITY, EQUITY, INCLUSION AND BELONGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH AND WELLNESS PROGRAMS CREATE NEW OPPORTUNITIES FOR COMMUNITY MEMBERS TO INCREASE WELLNESS PRACTICES AND IMPROVE MENTAL HEALTH. COMPOUND PROVIDES YOGA FOR CHILDREN AND ADULTS, MEDITATION AND HEALING ART CLASSES FOR FAMILIES AND INDIVIDUALS, SOUND BATHS, A SPEAKER SERIES, WORKSHOPS AND RETREATS, COOKING CLASSES, AND HANDS-ON GARDENING AND FOOD COURSES. MANY PROGRAMS ARE AVAILABLE FOR NO OR LOW COST.
ART AND CULTURE PROGRAMS CREATE EXPLORATION AND REFLECTION THROUGH MANY TYPES OF ART EXPERIENCES. COMPOUND PROGRAMS PROVIDE LOCAL ARTIST SHOWCASES, ONGOING CONTEMPORARY ART EXHIBITS, DRAWING CLASSES FOR CHILDREN AND FAMILIES, CULTURAL WORKSHOPS, POETRY WRITING WORKSHOPS, FILM SCREENINGS AND MUSIC BASED ON ARTISTIC MERIT AND SOCIALLY RELEVANT SUBJECT MATTER, YOUTH-LEAD JOURNALISM, AND MEDIA-TRAINING. MANY PROGRAMS ARE AVAILABLE FOR NO OR LOW COST. COMPOUND IS W.A.G.E. (WORKING ARTISTS AND THE GREATER ECONONY) CERTIFIED. W.A.G.E IS AN ORGANIZATION THAT ADVOCATES FOR ARTISTS RECEIVING FAIR COMPENSATION FOR THE EXHIBITION OF THEIR WORK. W.A.G.E. PUBLICLY RECOGNIZES THOSE NONPROFIT ARTS ORGANIZATIONS DEMONSTRATING A COMMITMENT TO VOLUNTARILY PAYING ARTISTS FEES THAT MEET W.A.G.E. PAYMENT STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Tagliaferri Board Chair | OfficerTrustee | 3 | $0 |
Jeff Tagliaferri Secretary/treasurer (left 07/21) | OfficerTrustee | 0 | $0 |
Shelley Darcy Board Member | Trustee | 0 | $0 |
Hany Haddad Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $570,141 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $570,141 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $572,975 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,149 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,114 |
| Fees for services: Accounting | $15,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $201,738 |
| Advertising and promotion | $13,334 |
| Office expenses | $7,791 |
| Information technology | $3,852 |
| Royalties | $0 |
| Occupancy | $29,914 |
| Travel | $1,331 |
| 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 | $0 |
| Insurance | $1,627 |
| All other expenses | $145 |
| Total functional expenses | $360,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,409 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $4,308 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $380,717 |
| Accounts payable and accrued expenses | $104,892 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $104,892 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $275,825 |
| Total liabilities and net assets/fund balances | $380,717 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Compound Lb has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Public Corporation For The Arts Of The City Of Long Beach Long Beach, CA PURPOSE: TO PROMOTE THE ARTS IN LONG BEACH, CA - "WE RISE" GRANT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jserra Catholic High School San Juan Capistrano, CA | $110,381,982 | $32,636,304 |
The Society For The Promotion Of Japanese Animation Santa Ana, CA | $0 | $15,922,386 |
Haven Gallery Pomona, CA | $12,441,851 | $10,866,207 |
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Maui Arts & Cultural Center Kahului, HI | $31,390,294 | $9,713,031 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |