Los Angeles Review Of Books
- Assets
- $1.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Los Angeles, CA
- Founding
- 12/2013
- Data as of
- 06/2022
- EIN
- 90-0977045
Organization Overview
Los Angeles Review Of Books is located in Los Angeles, CA. The organization was established in 2013. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2022, Los Angeles Review Of Books employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Review Of Books 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 06/2022, Los Angeles Review Of Books generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $878.0k during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LOS ANGELES REVIEW OF BOOKS IS A NON PROFIT MULTIMEDIA LITERARY, EDUCATIONAL, INTELLECTUAL, AND CULTURAL ARTS PROJECT THAT COMBINES SERIOUS BOOK REVIEWS AND ESSAYS WITH THE EVOLVING TECHNOLOGIES OF THE INTERNET, PROMOTING AND DISSEMINATING THE BEST THAT IS THOUGHT AND WRITTEN WITH AN ENDURING COMMITMENT TO THE INTELLECTUAL RIGOR, THE INCISIVENESS, AND THE POWER OF THE WRITTEN WORD. THE LOS ANGELES REVIEW OF BOOKS' MISSION IS TO PROMOTE WRITING, READING, CRITICISM AND INTELLECTUAL DISCUSSION, TEACHING AND LEARNING.
Describe the Organization's Program Activity:
WEBSITE PROGRAM - A MULTI-DIMENSIONAL INTERACTIVE WEBSITE CONTAINING BOOK REVIEWS, ESSAYS, ART, PODCASTS, AND SHORT FILMS OF LITERARY AND CULTURAL INTEREST.
PRINT PUBLICATION PROGRAM - THE PRINT PUBLICATION PROGRAM INCLUDES THE LARB QUARTERLY JOURNAL, A JOURNAL OF LITERATURE, ART, AND CRITICISM, FEATURING IMPORTANT ESTABLISHED AND EMERGING ARTISTS AND WRITERS.
LARB PUBLISHING WORKSHOP - THE LOS ANGELES REVIEW OF BOOKS PUBLISHING WORKSHOP IS AN IMMERSIVE, COLLABORATIVE PUBLISHING PROGRAM DESIGNED TO EQUIP STUDENTS AND INNOVATORS WITH SKILLS IN BOTH DIGITAL AND PRINT PUBLISHING, LEADING TO CAREERS IN AND CONTRIBUTIONS TO THE FIELDS OF EDITING AND PUBLISHING IN TODAY'S WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Litewka Chairman & Chief Executive | OfficerTrustee | 5 | $0 |
Tom Lutz President | OfficerTrustee | 5 | $0 |
Jamie Wolf Executive Vice President | OfficerTrustee | 2 | $0 |
Bill Benenson Vice President | OfficerTrustee | 2 | $0 |
Eric Lax Treasurer | OfficerTrustee | 2 | $0 |
Tamerlin Godley Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $151,202 |
| Fundraising events | $4,857 |
| Related organizations | $0 |
| Government grants | $42,449 |
| All other contributions, gifts, grants, and similar amounts not included above | $409,546 |
| Noncash contributions included in lines 1a–1f | $133,128 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,054 |
| Total Program Service Revenue | $265,408 |
| Investment income | $94 |
| 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 | $1,163,174 |
| 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 | $456,224 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,108 |
| Payroll taxes | $40,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,564 |
| Fees for services: Accounting | $33,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,036 |
| Advertising and promotion | $0 |
| Office expenses | $5,628 |
| Information technology | $8,821 |
| Royalties | $0 |
| Occupancy | $32,363 |
| Travel | $815 |
| 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 | $630 |
| Insurance | $8,873 |
| All other expenses | $14,384 |
| Total functional expenses | $878,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $966,262 |
| Savings and temporary cash investments | $165,649 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,142 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,000 |
| Prepaid expenses and deferred charges | $8,540 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,350 |
| Total assets | $1,220,943 |
| Accounts payable and accrued expenses | $37,277 |
| 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 | $37,277 |
| Net assets without donor restrictions | $1,183,666 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,220,943 |