LOS ANGELES, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CRAFTING THE FUTURE, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $550K in total revenue in fiscal year 2023. The organization ran a surplus of $174K, a strong 32% operating margin.
At Crafting the Future (CTF) our mission is to increase access to creative enrichment for Black and Brown artists by connecting them to opportunities that help them thrive.
SCHOLARSHIP: Education is a big piece of this puzzle. We figure that if you want to see more people of color in various positions across the art world (exhibitors, curators, directors, educators...
SCHOLARSHIP: Education is a big piece of this puzzle. We figure that if you want to see more people of color in various positions across the art world (exhibitors, curators, directors, educators, etc) then you have to provide those communities who have been historically disenfranchised and denied access to education the opportunity to learn what is possible in the creative sphere. A CTF scholarship includes tuition, room and board, travel, materials, a stipend, and a per diem. We try to eliminate any financial barrier that might stand between a learner and their workshop. We also partner with youth arts organizations around the country to help us identify scholarship recipients, based not on their portfolios and writing skills, but rather on the potential for impact. To date, weve served artists from ages 15-68, and we look forward to expanding that range. And all of the schools we partner with match our scholarship funds. So for every scholarship we raise money for, a partnering school doubles it, increasing our offerings and proving their own commitment to these efforts.
INTERNSHIP: We support multiple internship programs that seek to shine a light on this mysterious aspect of the art world. One program that we support is a partnership between Urban Glass in Brooklyn...
INTERNSHIP: We support multiple internship programs that seek to shine a light on this mysterious aspect of the art world. One program that we support is a partnership between Urban Glass in Brooklyn and Glass Roots in Newark, NJ. Two interns each year are selected to work over a 6 month period between both locations. They receive a crash course in the smorgasbord of programs at each institution, opening their eyes to many possible ways to make a living as a glass artist. We pay for their time at each location and provide them with metro cards for traveling back and forth. We love this program because it connects these two institutions while simultaneously exemplifying for the interns some potential next steps, including the possibility of commuting into or out of the city.
RESIDENCY: We support multiple residency programs that aim to provide established and emerging artists with time and space to create. Our biggest residency program is in our home base studio in Los...
RESIDENCY: We support multiple residency programs that aim to provide established and emerging artists with time and space to create. Our biggest residency program is in our home base studio in Los Angeles. The Los Angeles Artist Census found that around 50% of Black and LatinX artists surveyed have no studio, while only 24% of white respondents lacked studio space, despite white non-Hispanic people making up only 28.5% of the LA population. The need for a program like ours is undeniable. For the past three years, the residency program has supported emerging BIPOC artists in Los Angeles by offering free studio space, a material stipend, and an all-expenses-paid two-week workshop at an art/craft school. This year we have extended the length of the residency from 6 months to one year and the proposed expansion in 2025 would increase the number of artists from two to four, increase the stipend from $4000 to $6000, and bring in additional short-term visiting artists.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $549,953 | N/A | N/A |
| Expenses | $375,872 | N/A | N/A |
| Net Income | $174,081 | N/A | N/A |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHE RHODES | CHAIR | 20.00 |
Officer
Director
|
$0 | $0 | $0 |
| YOLANDA SOMMER | VICE CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| MEG MILES | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| COURTNEY MARTIN | SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| KENTO SAISHO | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| ILA PROUTY | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| VINCE WATCHORN | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| AVERI MATTHEWS | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| NANCY ALLISON | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| ADAM COHEN | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $549,953 | $375,872 | $189,703 | $174,081 |
Compare CRAFTING THE FUTURE with other nonprofits in California and across the country.