Civic Intelligence

Craft and Folk Art Museum

EIN 23-7442244 • 501(c)3 • Los Angeles, CA

Profile

To provide forum for special exhibitions

5814 Wilshire BlvdLos Angeles, CA 90036

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

36th percentile

0.02x

Higher debt load relative to assets than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.05x

Higher debt load relative to revenue than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

9th percentile

-37%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

20th percentile

-6.5%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-49%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets36th percentile

Assets

Down

$3,663,642

Down $255,410 (-6.5%) from 2023

Liabilities

Up

$61,860

Up $3,977 (+6.9%) from 2023

Net Assets

Down

$3,601,782

Down $259,387 (-6.7%) from 2023

Operations
Liabilities / Revenue44th percentileNet Margin9th percentile

Revenue

Down

$1,152,086

Down $1,111,378 (-49%) from 2023

Expenses

Up

$1,581,199

Up $284,672 (+22%) from 2023

Net Income

Down

-$429,113

Down $1,396,050 (-144%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,149,171Liabilities 2010: $169,753Net Assets 2010: $979,4182010Assets 2011: $1,154,354Liabilities 2011: $183,821Net Assets 2011: $970,5332011Assets 2012: $1,142,040Liabilities 2012: $178,425Net Assets 2012: $963,6152012Assets 2013: $1,128,872Liabilities 2013: $194,256Net Assets 2013: $934,6162013Assets 2014: $1,179,802Liabilities 2014: $198,347Net Assets 2014: $981,4552014Assets 2016: $1,221,204Liabilities 2016: $177,462Net Assets 2016: $1,043,7422016Assets 2017: $1,456,092Liabilities 2017: $138,471Net Assets 2017: $1,317,6212017Assets 2019: $1,425,663Liabilities 2019: $55,439Net Assets 2019: $1,370,2242019Assets 2021: $3,049,926Liabilities 2021: $153,690Net Assets 2021: $2,896,2362021Assets 2022: $2,837,876Liabilities 2022: $56,119Net Assets 2022: $2,781,7572022Assets 2023: $3,919,052Liabilities 2023: $57,883Net Assets 2023: $3,861,1692023Assets 2024: $3,663,642Liabilities 2024: $61,860Net Assets 2024: $3,601,7822024

Highlighted filing

2024

Assets$3,663,642
Liabilities$61,860
Net Assets$3,601,782
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $682,6252010Expenses 2011: $755,9212011Expenses 2012: $763,1842012Expenses 2013: $759,8252013Revenue 2014: $787,065Expenses 2014: $740,226Net Income 2014: $46,8392014Revenue 2016: $970,667Expenses 2016: $949,398Net Income 2016: $21,2692016Revenue 2017: $1,165,695Expenses 2017: $891,816Net Income 2017: $273,8792017Revenue 2019: $1,014,893Expenses 2019: $972,576Net Income 2019: $42,3172019Revenue 2021: $1,271,529Expenses 2021: $779,520Net Income 2021: $492,0092021Revenue 2022: $1,082,760Expenses 2022: $1,077,316Net Income 2022: $5,4442022Revenue 2023: $2,263,464Expenses 2023: $1,296,527Net Income 2023: $966,9372023Revenue 2024: $1,152,086Expenses 2024: $1,581,199Net Income 2024: -$429,1132024

Highlighted filing

2024

Revenue$1,152,086
Expenses$1,581,199
Net Income-$429,113
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,663,642
Liabilities
$61,860
Net assets
$3,601,782
Revenue
$1,152,086
Expenses
$1,581,199
Net income
-$429,113
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$0.06$3.60$1.15$1.58$0.43
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$0.06$3.86$2.26$1.30$0.97
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.84$0.06$2.78$1.08$1.08$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.15$2.90$1.27$0.78$0.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.06$1.37$1.01$0.97$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.14$1.32$1.17$0.89$0.27
2016Detailed filing. Detailed filing data is available for this year.$1.22$0.18$1.04$0.97$0.95$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.18$0.20$0.98$0.79$0.74$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.19$0.93$0.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.18$0.96$0.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.18$0.97$0.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.17$0.98$0.68
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,417,746
Mission and Program Overview

Mission

The craft contemporary challenges established ideas about craft and folk art and engages people though diverse exhibitions and programs.

Craft contemporary reveals the potential of craft to educate, captivate, provoke, and empower. With a focus on contemporary art made from craft media and processes, craft contemporary presents dynamic exhibitions by established and emerging artists and designers who are often underrepresented in larger art institutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,632,630$1,389,779▼ $242,851
Investments Other Securities$1,051,470$1,245,271▲ $193,801
Land, Buildings, and Equipment, Net$654,392$689,583▲ $35,191
Pledges and Grants Receivable$504,549$241,000▼ $263,549
Inventories for Sale or Use$58,250$71,152▲ $12,902
Prepaid Expenses and Deferred Charges$17,761$26,857▲ $9,096
Total Assets$3,919,052$3,663,642▼ $255,410
Liabilities
Accounts Payable and Accrued Expenses$57,883$61,860▲ $3,977
Total Liabilities$57,883$61,860▲ $3,977
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,542,352$2,645,409▲ $103,057
Net Assets With Donor Restrictions$1,318,817$956,373▼ $362,444
Total Net Assets Fund Balance$3,861,169$3,601,782▼ $259,387
Total Liabilities and Net Assets / Fund Balance$3,919,052$3,663,642▼ $255,410

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$527,639$1,603,991$2,131,630
Other Land Buildings$0$224,954$224,954
Land$150,078-$150,078
Equipment$11,866$100,695$112,561
Other Securities$1,245,271--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Suzanne IskenExecutive Director Through Sept. 2023FT$108,462$2,700$111,162
Rody LopezExecutive Director as of Sept. 2023FT$47,667$900$48,567

Board Members and Trustees

NameTitle
Corina CotsenCo-chair
Aj OgilvieTrustee
Alan ZafranTrustee
Brad FryTrustee
George MinardosTrustee
Glen TitanTrustee
Joe CoriatyTrustee
Julie StrombergTrustee
Michael JohnsonTrustee
Nancy AdamsTrustee
Peter WendelTrustee
Richard EricksonTrustee
Robby GordonTrustee
Stan SavageTrustee
Wally Marks IiiTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$810,247
Program Service Revenue
$83,434
Investment Income
$24,074
Other Revenue
$234,331
All Other Contributions
$676,814
Change in Net Assets
$-429,113

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,152,086
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$169,726
Total Revenue per Audited Statements
$1,321,812
Total Revenue per Form 990
$1,152,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$882,130
Other Expenses$699,069
Total Fundraising Expense$189,944
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$495,302$52,491$79,720$627,513
Current Officers, Directors, Trustees, and Key Employees$76,043$46,182$39,834$162,059
Fees for Services Other$55,771-$23,060$78,831
Fees for Services Accounting$47,045$8,068$9,804$64,917
Occupancy$47,254$12,601$3,150$63,005
Payroll Taxes$41,670$7,146$8,684$57,500
Depreciation Depletion$35,717$9,525$2,381$47,623
Information Technology$34,339$5,889$7,156$47,384
Office Expenses$46,039--$46,039
Advertising$42,326-$210$42,536
Insurance$30,798$5,282$6,418$42,498
Other Employee Benefits$26,260$3,815$4,983$35,058
Travel$9,248--$9,248
Other Expenses$5,862$18,177$4,544$5,862
Total Functional Expenses$1,222,079$169,176$189,944$1,581,199

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,581,199
Total Expenses per Audited Statements$1,581,199
Total Expenses per Form 990$1,581,199
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$37,087
Fundraising Gross Income$37,087
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit Event$156,803$37,087$13,496$23,591
Total Events$156,803$37,087$37,087$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The information return is distributed to the board for review. After review and approval, the executive director authorizes the electronic filing of the return by its outside cpa.”

Form 990, Part VI, Section B, Line 12C

“At the beginning of each year the board of trustees are required to fill out a conflict of interest statement declaring any conflicts. If conflicts are listed, they are discussed at the next board meeting. The conflict of interest policy is revisited at various board meetings throughout the year.”

Form 990, Part VI, Section B, Line 15

“The organization evaluates the executive director each year based on results, the budget and a review of organizations similar in size and mission.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public by appointment during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Craft Contemporary
EIN
23-7442244
Phone
3239374230
Address
5814 WILSHIRE BLVD, LOS ANGELES, CA 90036

Signing Officer

Name
Rody Lopez
Title
Executive Director
Phone
3239374230
Signed
2025-10-15

Organization Details

Principal Officer
Rody Lopez
Formed
1974
Legal Domicile
CA
Voting Board Members
18
Independent Board Members
18
Employees
26
Volunteers
92

Preparer

Firm
Quigley & Miron
Address
3580 WILSHIRE BLVD 1755, LOS ANGELES, CA 90010
Preparer
Armen Grigorian
Phone
2136393550
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization's audit committee has responsibility for the oversight of the audit of its financial statements and selection of the independent auditor, subject to the approval of the board of directors. This responsibility is unchanged from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Accounting standards require an organization to evaluate its tax positions and provide for a liability for any positions that would not be considered 'more likely than not' to be upheld under a tax authority examination. Management has evaluated its tax positions and has concluded that a provision for a tax liability is not necessary at june 30, 2024. Generally, the organization's information returns remain open for examination for a period of three (federal) or four (state of california) years from the date of filing.”

Raw XML AppendixShowing 400 of 573 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0CRAFT CONTEMPORARY REVEALS THE POTENTIAL OF CRAFT TO EDUCATE, CAPTIVATE, PROVOKE, AND EMPOWER. WITH A FOCUS ON CONTEMPORARY ART MADE FROM CRAFT MEDIA AND PROCESSES, CRAFT CONTEMPORARY PRESENTS DYNAMIC EXHIBITIONS BY ESTABLISHED AND EMERGING ARTISTS AND DESIGNERS WHO ARE OFTEN UNDERREPRESENTED IN LARGER ART INSTITUTIONS.
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