Los Angeles Performance Practice FY2020 filing

Los Angeles, CA · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible
Revenue
$343K
Spent
$332K
To programs
69%
Net assets
−$125K
By yearFY2020–FY2024
Revenue
$343K
FY2020
Revenue by fiscal year
FY2020$343K
FY2021$639K
FY2022$620K
FY2023$1.4M
FY2024$545K
Expenses
$332K
FY2020
Expenses by fiscal year
FY2020$332K
FY2021$409K
FY2022$703K
FY2023$1.4M
FY2024$543K
Net assets
−$125K
FY2020
Net assets by fiscal year
FY2020−$125K
FY2021$107K
FY2022$25K
FY2023$4K
FY2024$5K

From the FY2020 Form 990 · see the original

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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CLos Angeles Performance Practice
EINHdr · item D81-2571475
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2017
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CLos Angeles, CA
NTEE classificationIRS BMFArts & Culture (A20)
WebsiteHdr · item Jperformancepractice.la

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.30 Fundraising $0.01
Program services69%$228K
Management & general30%$101K
Fundraising1%$3K
Total functional expensesLn 25$332K

Financial health

Is it on solid ground?

Program efficiency
69%
of spending reaches programs
Operating runway
1.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$44K
FY2020
Total assets by fiscal year
FY2020$44K
FY2021$192K
FY2022$214K
FY2023$187K
FY2024$196K
Total liabilities
$169K
FY2020
Total liabilities by fiscal year
FY2020$169K
FY2021$85K
FY2022$189K
FY2023$183K
FY2024$191K
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$44K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$45K
Total assetsLn 16$44K
Total liabilitiesLn 26$169K
Total net assetsLn 32−$125K
Months of cash on handcomputed1.6

Statement of Revenue

Part VIII
Contributions & grants$225K · 66%
Program service revenue$118K · 34%
Contributions & grants66%$225K
Program service revenue34%$118K
— government grantsLn 1e$127K
Total revenueLn 12$343K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $45K · Operating expenses/yr $332K
1.6 months
Where the money goes
Program services
Program services $228K · Total expenses $332K
69%
Management & General
Management & general $101K · Total expenses $332K
30%
Fundraising
Fundraising $3K · Total expenses $332K
0.9%
Cost to raise $1
Fundraising expense $3K · Solicited contributions $97K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $225K · Total revenue $343K
66%
Government reliance
Government grants $127K · Total revenue $343K
37%
Earned-income share
Program service revenue $118K · Total revenue $343K
34%
Investment reliance
Investment income $0 · Total revenue $343K
0%
Program self-sufficiency
Program service revenue $118K · Total expenses $332K
36%
Growth & trend
Revenue growth (YoY)
This year $343K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year −$125K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $343K · Expenses $332K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $44K
—
Net-asset ratio
Net assets −$125K · Total assets $44K
-288%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $44K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Miranda Wright · Reported title Executive Director / CFO · Highest reported compensation $47K · Total expenses $332K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $77K · Total expenses $332K
23%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%——
Overhead ratio 30%——
Fundraising cost ratio 1%——
Investment management fee ratio 0%——
Legal fee ratio 0.3%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director / CFO
$46,580Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Terence McFarland’s $22K as Treasurer is at the 18th percentile of top reported officer pay among 2216 $100K–1M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Miranda Wright$5,642$22,690$65,755$60,710$46,580
Terence McFarland$22,371————
Shannon Scrofano——$1,000——

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 Los Angeles Performance Practice executive salaries →

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 3Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports innovative theater and dance, fostering artist development and cultural understanding.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $228K of program spending, described in the organization's own filed words · FY2020.
01

Supporting the touring of artist-generated theater and dance projects.

$181Kprogram expense
02

New Work Development, working with artists to develop and produce new dance and theater projects.

$31Kprogram expense
03

Supporting contemporary performance locally in Los Angeles through an annual performance festival, year-round partnerships, and professional development opportunities for artists. Because of COVID-19, our 2020 performance festival was not produced.

$16Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 6 funders$349K
See all 6 funders →
Grants paid · 6 grants · $105K · 2023–2024
Unitemized GrantFY2024$25,000
Unitemized GrantFY2024$10,000
Unitemized GrantFY2024$5,000
Unitemized GrantFY2023$50,000
Unitemized GrantFY2023$10,000
Unitemized GrantFY2023$5,000

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $545K$543K-60% 990 PDF
FY2023 $1.4M$1.4M+121% 990 PDF
FY2022 $620K$703K-3% 990 PDF
FY2021 $639K$409K+86% 990 PDF
FY2020 Viewing $343K$332K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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