Craft Contemporary FY2020 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 1974Arts & CultureEIN 23-7442244Revenue $1.9M in FY2020

On file with the IRScraftcontemporary.org5814 Wilshire Blvd, 90036-4501 · Los Angeles, CATax-exempt since Apr 1975Publicly supported — 509(a)(2)

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Craft Contemporary challenges established ideas about Craft and folk art and engages people through diverse exhibitions and programs.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $380K a year · 25% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $396K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$152K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
Spent
$993K
To programs
83%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$1.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$1.3M
FY2022$1.1M
FY2023$2.3M
FY2024$1.2M
FY2024$1.1M
Expenses
$993K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$993K
FY2021$780K
FY2022$1.1M
FY2023$1.3M
FY2024$1.6M
FY2024$1.9M
Net assets
$2.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.9M
FY2022$2.8M
FY2023$3.9M
FY2024$3.6M
FY2024$2.9M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1975.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $821K Management & general 8% · $83K Fundraising 9% · $89K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Immediate Past President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Rody Lopez’s $153K as Executive Director is at the 68th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024
Rody Lopez$152,730$47,667
Suzanne Isken—$108,462

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Craft Contemporary executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Showcases contemporary craft art and design, empowering underrepresented artists.

Provided by the organization

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1 program · $821K · in their own filed words · FY2019
01

Craft contemporary (CC) presented six artistically diverse exhibitions that take traditional materials and processes in new directions and offers approximately 90 public programs. Community collaborations enable CC to expand arts participation and to exhibit local artists. The CC shop supports local makers.

$821Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 13 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.6M
Other incomeLn 4–11$236K
Fees for servicesLn 2g$63K
Money outPt IX
$993K
Ln 25
Programscol B$821K
Managementcol C$83K
Fundraisingcol D$89K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$2.4M
LiabilitiesLn 26$152K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$51K
Fees for servicesLn 2g$63K
Investment incomeLn 3$2K
Other incomeLn 4–11$236K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$254K
Land, buildings, equipmentLn 10c$730K
Total assetsLn 16$2.4M
LiabilitiesLn 26$152K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 520
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$198K$1.2M
InvestmentsLn 11–13$253K$254K
Land, buildings, equipmentLn 10c$769K$730K
Total assetsLn 16$1.4M$2.4M
LiabilitiesLn 26$55K$152K
Net assetsLn 32$1.4M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$119K$89K$24K$6K
Other salaries and wagesLn 7$426K$366K$60K
Other employee benefitsLn 9$31K$26K$1K$4K
Payroll taxesLn 10$43K$36K$2K$5K
Accounting feesLn 11c$47K$27K$18K$2K
Other fees for servicesLn 11g$5K$4K$156$467
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$31K$14K$13K$4K
OccupancyLn 16$43K$32K$9K$2K
TravelLn 17$4K$3K$1K
Depreciation, depletion and amortizationLn 22$60K$45K$12K$3K
InsuranceLn 23$18K$14K$3K$411
Other expenses (24a–d)Ln 24$154K$152K$718$1K
All other expensesLn 24e$2K$560$801$267
Total functional expensesLn 25$993K$821K$83K$89K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.2M$1.6M−$429K$3.6M 990 PDF
FY2023 $2.3M$1.3M$967K$3.9M 990 PDF
FY2022 $1.1M$1.1M$5K$2.8M 990 PDF
FY2021 $1.3M$780K$492K$2.9M 990 PDF
FY2020 Viewing $1.9M$993K$866K$2.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,858,620 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $668,088$1,557,122
I-9 Program service revenuePrior year $69,210$63,237
I-10 Investment incomePrior year $2,811$2,046
I-11 Other revenuePrior year $274,784$236,215
I-12 Total revenuePrior year $1,014,893$1,858,620
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $558,447$618,411
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $414,129$374,569
I-18 Total expensesPrior year $972,576$992,980
I-19 Revenue less expensesPrior year $42,317$865,640
Part VI · Governance 19 of 19 board members independent, 2 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,858,620 across 8 lines filed
Lines not itemized here account for $64,620 of total revenue; see the IRS return.
VIII-1b Membership dues$47,706
VIII-1e Government grants$51,200
VIII-1f All other contributions, gifts and grants$1,458,216
VIII-1h Total contributions, gifts and grants$1,557,122
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $63,237$63,237
VIII-3 Investment incomeExcluded from tax $2,046$2,046
VIII-8 Net income from fundraising eventsExcluded from tax $171,595$171,595
VIII-12 Total revenueRelated to mission $127,857 · Unrelated business $0 · Excluded from tax $173,641$1,858,620
Part IX · Statement of functional expenses $992,980 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $89,247 · Management $23,799 · Fundraising $5,950$118,996
IX-7 Other salaries and wagesPrograms $365,616 · Fundraising $60,008$425,624
IX-9 Other employee benefitsPrograms $26,060 · Management $1,240 · Fundraising $3,722$31,022
IX-10 Payroll taxesPrograms $35,926 · Management $1,711 · Fundraising $5,132$42,769
IX-11c Accounting feesPrograms $27,000 · Management $17,800 · Fundraising $1,800$46,600
IX-11g Other fees for servicesPrograms $4,400 · Management $156 · Fundraising $467$5,023
IX-12 Advertising and promotionPrograms $11,127$11,127
IX-13 Office expensesPrograms $14,492 · Management $12,978 · Fundraising $3,646$31,116
IX-16 OccupancyPrograms $32,194 · Management $8,587 · Fundraising $2,146$42,927
IX-17 TravelPrograms $3,093 · Fundraising $1,230$4,323
IX-22 Depreciation, depletion and amortizationPrograms $44,858 · Management $11,962 · Fundraising $2,993$59,813
IX-23 InsurancePrograms $13,748 · Management $3,462 · Fundraising $411$17,621
IX-24 Other expenses (24a–d)Programs $152,242 · Management $718 · Fundraising $1,431$154,391
IX-24e All other expensesPrograms $560 · Management $801 · Fundraising $267$1,628
IX-25 Total functional expensesPrograms $820,563 · Management $83,214 · Fundraising $89,203$992,980
Part X · Balance sheet $2,386,814 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $198,361$1,183,152
X-3 Pledges and grants receivableStart of year $95,000$148,750
X-4 Accounts receivableStart of year $15,994$0
X-8 Inventories for sale or useStart of year $79,840$51,373
X-9 Prepaid expenses and deferred chargesStart of year $14,471$19,208
X-10c Land, buildings and equipment, netStart of year $768,839$729,894
X-12 Other securitiesStart of year $253,158$254,437
X-16 Total assetsStart of year $1,425,663$2,386,814
X-17 Accounts payable and accrued expensesStart of year $55,439$41,407
X-24 Unsecured notes and loans payableStart of year $0$110,310
X-26 Total liabilitiesStart of year $55,439$151,717
X-27 Net assets without donor restrictionsStart of year $1,239,800$1,185,856
X-28 Net assets with donor restrictionsStart of year $130,424$1,049,241
X-32 Total net assets or fund balancesStart of year $1,370,224$2,235,097
X-33 Total liabilities and net assetsStart of year $1,425,663$2,386,814
Part XI · Reconciliation of net assets $2,235,097 net assets at year end
XI-1 Total revenue$1,858,620
XI-2 Total expenses$992,980
XI-3 Revenue less expenses$865,640
XI-4 Net assets at start of year$1,370,224
XI-5 Net unrealized gains (losses) on investments−$767
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,235,097

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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