NAVEL LA CO

EIN: 825235150 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$381,055
Total Expenses
$369,050
Total Assets
$94,174
Net Assets
$-49,233
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
MICHAEL HOLT
Phone
2133404213
Tax Period
2022-01-01 to 2022-12-31

NAVEL LA CO, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $381K in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year. Expenses of $369K left a modest 3% surplus.

Mission

THE MISSION OF NAVEL LA CO IS TO SUPPORT CULTURAL COMMUNITIES, INDIVIDUALS, AND ORGANIZATIONS THROUGH PUBLIC PROGRAMMING, SPACE AND FACILITIES RENTALS, RESIDENCIES, EDUCATIONAL PROGRAMS, AND ALL OTHER RELATED ACTIVITIES TO THE ABOVE MISSION.

Program Service Accomplishments

Program 1
Expenses: $159,396 Revenue: $10,678

PUBLIC PROGRAM & EVENTS: OUR PUBLIC PROGRAMMING WAS PRESENTED IN A HYBRID, IN-PERSON AND ONLINE FORMAT, DUE TO THE ONGOING CORONAVIRUS PANDEMIC. WE OFFERED A SERIES OF ONLINE CONVERSATIONS REGARDING...

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PUBLIC PROGRAM & EVENTS: OUR PUBLIC PROGRAMMING WAS PRESENTED IN A HYBRID, IN-PERSON AND ONLINE FORMAT, DUE TO THE ONGOING CORONAVIRUS PANDEMIC. WE OFFERED A SERIES OF ONLINE CONVERSATIONS REGARDING CULTURAL WORK BEING DONE BY LOCAL GRASSROOTS ARTIST COLLECTIVES AND ORGANIZATIONS CALLED ASSEMBLIES, WHICH WAS ATTENDED BY OVER 300 PEOPLE AND INVOLVED 12 PARTICIPATING ARTIST-ORGANIZERS FACILITATING COLLABORATIVE LEARNING GROUPS. IN ADDITION TO ASSEMBLIES WE PRODUCED 3 CONCERT EVENTS FEATURING LOCAL QT/BIPOC PERFORMANCE ARTISTS & GROUPS WHICH WERE ATTENDED BY OVER 500 PEOPLE. AS ALWAYS, ALL OF OUR PROGRAMS AND EVENTS ARE LOW-COST OR FREE, AND NO ONE IS TURNED AWAY FOR LACK OF FUNDS.

Program 2
Expenses: $60,834 Revenue: $27,629

SPACE FACILITIES & RESIDENCY PROGRAMS:OUR PHYSICAL SPACE WAS SHUT DOWN DUE TO LOCAL COVID PANDEMIC RESTRICTIONS ON AND OFF 2022, FORCING US TO LIMIT THE NUMBER OF SPACE AND FACILITIES RESIDENCIES AND...

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SPACE FACILITIES & RESIDENCY PROGRAMS:OUR PHYSICAL SPACE WAS SHUT DOWN DUE TO LOCAL COVID PANDEMIC RESTRICTIONS ON AND OFF 2022, FORCING US TO LIMIT THE NUMBER OF SPACE AND FACILITIES RESIDENCIES AND RENTALS WE COULD SUPPORT. WE CONTINUED TO OFFER FREE SPACE AND EQUIPMENT TO OUR NETWORK OF ARTISTS & PARTNER ORGS, PROVIDING 20 ARTISTS AND CULTURAL WORKERS WITH ACCESS TO OUR SPACE AT NO COST, AS WELL AS MENTORSHIP AND SUPPORT FOR THEIR PROJECTS AND PRACTICES. LASTLY, WE PROVIDED FREE OR SLIDING SCALE ACCESS TO OUR SPACE AND FACILITIES TO OVER 30 VALUES-ALIGNED ORGANIZATIONS, COLLECTIVES, AND GROUPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $304,218
Program Service Revenue $10,678
Investment Income $2
Other Revenue $66,157
TOTAL REVENUE $381,055

Expense Breakdown

Grants Paid $0
Salaries & Benefits $151,322
Fundraising Expenses $34,853
Program Expenses $220,230
Other Expenses $217,728
TOTAL EXPENSES $369,050

Year-over-Year Comparison

2022 2021 Change
Revenue $381,055 $404,203 -0.1%
Expenses $369,050 $391,340 -0.1%
Net Income $12,005 $12,863 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
3
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$70,436
Total Directors
3
$7,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NADA RASTAD SECRETARY 5.00
Director
$0 $0 $0
IRINA CONTRERAS INTERIM BOARD PRESIDENT 10.00
Director
$7,500 $0 $7,500
RANDALL SARAFA TREASURER 5.00
Director
$0 $0 $0
MICHAEL HOLT EXECUTIVE DIRECTOR 50.00
Officer
$66,836 $3,600 $70,436
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $381,055 $369,050 $94,174 $12,005
2021 $404,203 $391,340 $71,883 $12,863
2020 $145,740 $201,202 $88,225 $-55,462
2019 $257,503 $278,106 $19,567 $-20,603
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