Los Angeles Contemporary Exhibitions Inc
- Assets
- $878.5k
- Revenue
- $817.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Los Angeles, CA
- Founding
- 09/1979
- Data as of
- 09/2022
- EIN
- 95-3397305
Organization Overview
Los Angeles Contemporary Exhibitions Inc is located in Los Angeles, CA. The organization was established in 1979. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Los Angeles Contemporary Exhibitions Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Contemporary Exhibitions Inc 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 09/2022, Los Angeles Contemporary Exhibitions Inc generated $817.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $424.2k during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITIES FOR DIVERSE PUBLICS TO ENGAGE DEEPLY WITH CONTEMPORARY ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. RESEARCH PROGRAMMING PRESENTED VIA ZOOM FROM MARCH THROUGH DECEMBER 2022PART OF THE GETTY PACIFIC STANDARD TIME RESEARCH GRANT(UN)DISCIPLINARY TACTICS: BEATRIZ DA COSTA IS A RESEARCH PROJECT AND EXHIBITION THAT REVISITS THE COLLABORATIVE ARTISTIC PRACTICE OF BEATRIZ DA COSTA AS A POINT OF DEPARTURE FOR ANALYZING HER WORK ALONG CONTEMPORARY ARTISTIC PRACTICES COMBINING ART AND TECHNOSCIENCE AS WELL AS ANCIENT AND NON-ACADEMIC FORMS OF KNOWLEDGE PRODUCTION. EVENTS INCLUDED:-A PREEMPTIVE STUDY: FROM PUBLIC AMATEURISM TO COMMUNITY SCIENCE, AN ONGOING STUDY GROUP-THE LIFE AND ARTISTIC PRACTICE OF BEATRIZ DA COSTA-OIL DRILLING IN LOS ANGELES-A PREEMPTIVE STUDY: FROM TACTICAL BIOPOLITICS TO THE COST OF LIFE, AN ONGOING STUDY GROUP PART 2
2. EMERGING CURATOR PROGRAM PRESENTATIONTHE EMERGING CURATOR PROGRAM IS DESIGNED TO DISCOVER CURATORIAL TALENT IN LOS ANGELES AND PROVIDES OPPORTUNITIES FOR EMERGING CURATORS TO PARTNER WITH LACE. SINCE 2016, LACE HAS PRESENTED SEVEN SUCCESSFUL EXHIBITIONS BY EMERGING CURATORS BASED IN LOS ANGELES.RECLAIMING PERFORMANCE SERVES AS A VISUAL AND AUDITORY RECLAMATION OF TRANS MASCULINE EXISTENCE THROUGH PERFORMANCE. INCLUDING SOUND INSTALLATIONS, LIVE PERFORMANCES, AND PANEL DISCUSSIONS AROUND TRANSMASCULINE HISTORY, ALL WERE FILMED ALONGSIDE A LIVE AUDIENCE, SHARED ONLINE, AND EXIST AS PART OF THE LACE ARCHIVES. LIVE PERFORMANCES WERE HELD AT THE SPACE OF PEER INSTITUTION LAXART INAPRIL 2022.TOTAL IN PERSON CLIENTS SERVED - 304 IN PERSONAL PARTICIPANTS WITH ADDITIONAL ONLINE VIEWERSHIP
3. INTERNSHIP/APPRENTICESHIP PROGRAMLACE HOSTED ONE CURATORIAL AND ONE COMMUNICATIONS INTERN FUNDED THROUGH A GRANT FROM THE GETTY FOUNDATION'S PROGRAM: THE GETTY MUI (MULTICULTURAL UNDERGRADUATE INTERNSHIP). IN ADDITION, A LARGER COHORT OF INTERNS RECEIVED MENTORSHIP FROM LACE'S EXHIBITIONS MANAGER JUAN SILVERIO. AN ADDITIONAL APPRENTICE FROM PITZER COLLEGE WAS HOSTED BY THE INSTITUTION IN SPRING 2022.TOTAL CLIENTS SERVED COHORT OF 15 GETTY INTERNS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Russin Executive Director | Officer | 40 | $104,000 |
Margi Margaret Reeve Secretary | OfficerTrustee | 2 | $0 |
Charlene Fitzgibbon Chair | OfficerTrustee | 3 | $0 |
Elisabeth Forney Treasurer | OfficerTrustee | 1 | $0 |
Andrea Collins Vice Chair | OfficerTrustee | 3 | $0 |
Erin Adams Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,400 |
| Fundraising events | $129,669 |
| Related organizations | $0 |
| Government grants | $165,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $481,691 |
| Noncash contributions included in lines 1a–1f | $13,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $780,999 |
| Total Program Service Revenue | $286 |
| Investment income | $73 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,791 |
| 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 | $9,592 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $817,298 |
| 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. | $104,000 |
| Compensation of current officers, directors, key employees. | $15,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,095 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,823 |
| Payroll taxes | $19,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,668 |
| Advertising and promotion | $1,332 |
| Office expenses | $10,605 |
| Information technology | $8,534 |
| Royalties | $0 |
| Occupancy | $27,704 |
| Travel | $4,139 |
| 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 | $5,442 |
| All other expenses | $0 |
| Total functional expenses | $424,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,225 |
| Savings and temporary cash investments | $586,873 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $59,535 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,900 |
| Total assets | $878,533 |
| Accounts payable and accrued expenses | $12,041 |
| 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 | $148,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $160,241 |
| Net assets without donor restrictions | $585,244 |
| Net assets with donor restrictions | $133,048 |
| 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 | $878,533 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Los Angeles Contemporary Exhibitions Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Gordon Charitable Foundation Santa Monica, CA PURPOSE: GENERAL FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Visions Foundation Malibu, CA | $2,694,700 | $10,872,980 |
Glaziers Architectural Metal & Glass Workers Local Union 1399 Hea Covina, CA | $12,022,551 | $5,262,157 |
Phoenix Painting Industry Trust Fund Phoenix, AZ | $8,745,449 | $4,690,569 |
Elderheart Inc Sisters, OR | $6,200,437 | $6,066,501 |
Social And Public Art Resource Center Venice, CA | $5,398,489 | $1,298,270 |
Modern Quilt Guild Inc Los Angeles, CA | $471,322 | $1,206,669 |
Catchlight San Francisco, CA | $2,559,579 | $3,095,707 |
Self-Help Graphics And Arts Inc Los Angeles, CA | $7,358,688 | $2,282,621 |
California Anime Foundation Granada Hills, CA | $325,204 | $1,412,708 |
Bay Area Glass Institute Inc San Jose, CA | $1,447,752 | $1,103,523 |
Hui Noeau Makawao, HI | $6,399,050 | $1,181,820 |
American Society Of Media Photographers Inc San Francisco, CA | $534,568 | $1,162,030 |