Overview
What is Ica La?
The Institute of Contemporary Art, Los Angeles (Ica La) is a distinguished nonprofit art museum, initially established as the Santa Monica Museum of Art (SMMOA) in 1984. After rebranding and relocating to a renovated industrial building in downtown Los Angeles in 2017, Ica La continues its legacy of showcasing innovative and untold stories in contemporary art and culture. With a diverse team of 25 employees, Ica La's mission is to inspire discovery and challenge perceptions, advocating for art that upends hierarchies related to race, class, gender, and culture. Their 12,700 square-foot venue hosts exhibitions, public programs, retail pop-ups, and community collaborations, promoting dialogue and empathy among various perspectives. Ica La's activities and outreach initiatives foster diversity, innovation, and discovery in contemporary art, both locally and internationally, while ensuring admission remains free, making the art accessible to all.
Official website here: www.theicala.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Ica La has achieved a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial stability. The organization scored particularly well in areas such as its independent board composition and financial oversight, reflecting strong governance practices. Notably, the organization has 100% independent board members and a well-structured audit and oversight committee.
The charity excels in its program expense ratio at 68.91%, demonstrating a commitment to directing funds towards its mission rather than administrative costs. Additionally, the fundraising efficiency ratio is favorable, with only $0.09 spent to raise a dollar, which suggests effective fundraising strategies. The organization also has a healthy working capital ratio of 1.77 years, which is a positive indicator of its financial sustainability.
However, there are areas for improvement, particularly in the liabilities to assets ratio, which stands at 53.55%. This indicates a moderate level of debt compared to its assets, suggesting that the organization may need to focus on reducing liabilities to enhance financial health further. Overall, Ica La shows strong governance and effective financial management, with opportunities for growth in managing its liabilities.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ica La?
86% of 645 reviewers on Facebook recommend Ica La. Here is a summary of their reviews:
Many users express their appreciation for the organization and its staff, highlighting the welcoming atmosphere and the memorable experiences they provide. Specific praise is given to individual staff members, such as Elsa, who has made a significant impact on clients by showing dedication and thoughtfulness in their services.
Overall, people feel positively about their interactions with Ica La and appreciate the support they receive, indicating that the nonprofit successfully fulfills its mission and helps families reconnect with their roots.
This AI summary has been generated from reviews found on Facebook.
Is Ica La legitimate?
Ica La is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ica La 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: $217,573
Professional Fundraising Fees: $50,400
Other Salaries and Wages: $634,207
For more financial information, click here
Official website here: www.theicala.org
What is the mission statement of Ica La?
The Institute of Contemporary Art, Los Angeles (ICA LA) fosters diversity, innovation, and discovery in contemporary art on a global scale through its exhibitions and outreach programs. Its mission is to support art that provokes the joy of discovery and challenges our perspectives on the world, ourselves, and each other. ICA LA is committed to upending hierarchies based on race, class, gender, and culture. Through exhibitions, education programs, and community partnerships, ICA LA encourages critique of the familiar and empathy towards the different. In line with its goal to make contemporary art relevant and accessible for all, ICA LA offers free admission.
Official website here: www.theicala.org
Who is the CEO of Ica La?
Anne Ellegood is the President of Ica La.
Official website here: www.theicala.org
What is the revenue of Ica La?
Ica La's revenue in 2022 was $3,866,496.
Official website here: www.theicala.org
Who are the executives of Ica La and what are their salaries?
The average compensation at Ica La during 2022 was $34,071. There are 25 employees and 14 volunteers at Ica La.
Here are 15 key members and their salaries:
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- Compensation: $206,875
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- Other: $11,282
Official website here: www.theicala.org
Where can I find the form 990 for Ica La?
Ica La's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theicala.org
Learn more at the official website: www.theicala.org
Mission Statement of Ica La
Ica La, an esteemed non-collecting art museum, is dedicated to fostering diversity, innovation, and discovery in contemporary art on a local, national, and international scale. Through its exhibitions and outreach programs, this institution aims to illuminate untold stories and emerging voices in contemporary art and culture. Ica La's mission is to support art that sparks the pleasure of discovery and challenges the way we perceive and experience the world, ourselves, and one another. The museum is committed to upending hierarchies of race, class, gender, and culture, encouraging critique of the familiar and empathy with the different.
In line with its commitment to making contemporary art relevant and accessible for all, Ica La offers free admission. Located in a 12,700 square-foot renovated industrial building, designed by Why Architecture under the leadership of Kulapat Yantrasast, the museum features ample space for exhibitions, public programs, retail pop-ups, integrated offices, and special projects. Ica La's exhibitions, education programs, and community partnerships serve as platforms for critical engagement with contemporary art and culture, promoting a more inclusive and empathetic society.
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Impact
July, 2024
Ica La's impact lies in fostering diversity, innovation, and discovery in contemporary art on local, national, and international levels. The institute challenges traditional hierarchies of race, class, gender, and culture through exhibitions, education programs, and community partnerships. By providing free admission and a commitment to making contemporary art relevant and accessible for all, Ica La seeks to spark discovery, encourage empathy, and change how we see and experience the world, ourselves, and each other.
This information is meant to be a general summary of Ica La. 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: $1,071
- Gross Receipts: $3,949,489
Assets and Liabilities:
- Total Assets: $8,831,848
- Total Liabilities: $5,290,022
- Net Assets: $3,541,826
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Organization Details
Founding Year
1984
Phone
(213) 928-0833Principal Officer
Anne Ellegood
Main Address
1717 EAST 7TH STREET, LOS ANGELES, CA, 90021
Website
www.theicala.orgNTEE Category
Code: A510 - Arts
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