Overview
What is Los Angeles Contemporary Exhibitions Inc?
Los Angeles Contemporary Exhibitions Inc, or LACE, is a nonprofit organization based in Los Angeles, California. Their primary mission is to engage diverse audiences with contemporary art, serving as a platform for innovative and risk-taking artists. LACE fosters dialog and participation between artists and audiences, extending beyond their physical space. As part of the Getty Pacific Standard Time Research Grant, LACE presented research programming via Zoom from March to December 2022, including events such as study groups and discussions related to contemporary artistic practices. Their upcoming research project, "Undisciplinary Tactics: Beatriz da Costa," revisits the collaborative artistic practice of Beatriz da Costa and analyzes her work in relation to contemporary artistic practices combining art, technoscience, and ancient and non-academic forms of knowledge production. LACE has a team of 6 dedicated employees.
Official website here: www.welcometolace.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Stars
Los Angeles Contemporary Exhibitions Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This rating is based entirely on their Accountability & Finance score, which indicates a strong focus on financial transparency and effective governance practices. The organization has achieved full points in areas such as having a majority of independent board members and maintaining a conflict of interest policy, which speaks to its commitment to ethical oversight.
The nonprofit demonstrates fiscal responsibility with a low liabilities to assets ratio of 8.27% and a solid program expense ratio of 76.13%, suggesting that a significant portion of its funds is directed toward its programs rather than administrative costs. This efficiency in resource allocation is a positive indicator for potential donors and stakeholders who value accountability in nonprofit organizations.
However, while the accountability measures are commendable, the overall rating being solely based on financial factors might not portray the complete picture of the organization’s impact and effectiveness in the community it serves. Additional qualitative assessments of its programs and outreach efforts would provide a fuller understanding of its contributions to contemporary art in Los Angeles.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Los Angeles Contemporary Exhibitions Inc?
78% of 215 reviewers on Facebook recommend Los Angeles Contemporary Exhibitions Inc. Here's a summary of their insights:
Many supporters appreciate the organization for its dedication to contemporary art and its role in the local arts community. The events hosted by LACE, such as the benefit art auction, seem to resonate well with attendees who enjoy the unique opportunities to engage with artists and artworks. The overall sentiment suggests that participants value the experiences provided by the nonprofit, indicating a strong connection to the initiatives promoted.
While there is limited feedback available to thoroughly assess all aspects, the encouraging recommendation rate points to a positive reception by the community, showcasing LACE's commitment to fostering contemporary art in Los Angeles.
This AI summary has been generated from reviews found on Facebook.
Is Los Angeles Contemporary Exhibitions Inc legitimate?
Los Angeles Contemporary Exhibitions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Contemporary Exhibitions Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $104,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $132,095
For more financial information, click here
Official website here: www.welcometolace.org
What is the mission statement of Los Angeles Contemporary Exhibitions Inc?
Los Angeles Contemporary Exhibitions Inc, often referred to as LACE, aims to promote engagement with contemporary art for diverse audiences. The organization champions and challenges contemporary artists who innovate, explore, and take risks. LACE extends beyond its physical space to offer opportunities for individuals to engage deeply with contemporary art, fostering dialogue and participation between artists and their audiences. As part of its mission, LACE presents research programming through Zoom, such as the project "Undisciplinary Tactics: Beatriz da Costa," which explores Beatriz da Costa's collaborative artistic practice and its connections to contemporary artistic practices, techno-science, and ancient knowledge production.
Official website here: www.welcometolace.org
Who is the CEO of Los Angeles Contemporary Exhibitions Inc?
Sarah Russin is the Chair of Los Angeles Contemporary Exhibitions Inc.
Official website here: www.welcometolace.org
What is the revenue of Los Angeles Contemporary Exhibitions Inc?
Los Angeles Contemporary Exhibitions Inc's revenue in 2022 was $817,298.
Official website here: www.welcometolace.org
Who are the executives of Los Angeles Contemporary Exhibitions Inc and what are their salaries?
The average compensation at Los Angeles Contemporary Exhibitions Inc during 2022 was $39,349. There are 6 employees and 14 volunteers at Los Angeles Contemporary Exhibitions Inc.
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Official website here: www.welcometolace.org
Where can I find the form 990 for Los Angeles Contemporary Exhibitions Inc?
Los Angeles Contemporary Exhibitions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.welcometolace.org
Learn more at the official website: www.welcometolace.org
Mission Statement of Los Angeles Contemporary Exhibitions Inc
Los Angeles Contemporary Exhibitions Inc, often referred to as LACE, is an organization dedicated to providing opportunities for diverse audiences to engage deeply with contemporary art. Their mission is multifaceted, aiming to both champion and challenge the art of the present era. LACE achieves this by fostering artists who innovate, explore, and take risks. They extend beyond their physical space to engage various publics in contemporary art, fostering dialog and participation between artists and audiences.
By embracing an interdisciplinary approach, LACE presents research programming through Zoom from March to December 2022, as part of the Getty Pacific Standard Time Research Grant. One of their recent projects is '(Un)disciplinary Tactics: Beatriz da Costa', a research project and exhibition that revisits the collaborative artistic practice of Beatriz da Costa, examining her work in the context of contemporary artistic practices combining art and techno-science, as well as ancient and non-academic forms of knowledge production. This project includes events such as a preemptive study on public amateurism to community science, and an ongoing study group exploring the life and artistic practice of Beatriz da Costa, among others.
In summary, Los Angeles Contemporary Exhibitions Inc (LACE) is an organization that advocates for diverse audiences to engage with contemporary art by fostering innovative and challenging artworks, and extending beyond their physical space to engage various publics in dialog and participation. Their mission is further highlighted through their interdisciplinary research programming, such as the ongoing '(Un)disciplinary Tactics: Beatriz da Costa' project.
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Impact
July, 2024
Los Angeles Contemporary Exhibitions Inc's impact lies in championing and challenging contemporary art by fostering innovative and risk-taking artists. By providing opportunities for diverse audiences to engage deeply with contemporary art, LACE facilitates dialogue and participation between artists and audiences, both within and beyond its physical space. Through research programming and exhibitions like "(Un)Disciplinary Tactics: Beatriz da Costa," LACE aims to stimulate critical thinking and exploration of art that combines diverse forms of knowledge production. This commitment to pushing boundaries and fostering creativity contributes to the vibrancy and richness of the artistic scene in Los Angeles.
This information is meant to be a general summary of Los Angeles Contemporary Exhibitions Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $73
- Program Service Revenue: $286
- Gross Receipts: $849,357
Assets and Liabilities:
- Total Assets: $878,533
- Total Liabilities: $160,241
- Net Assets: $718,292
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$286
Organization Details
Founding Year
1978
Phone
(323) 250-0940Principal Officer
Sarah Russin
Main Address
6464 SUNSET BLVD 1070, LOS ANGELES, CA, 90028
Website
www.welcometolace.orgNTEE Category
Code: A400 - Arts
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