Center for Cultural Innovation

EIN: 912156812 501(c)(3) Arts, Culture & Humanities

Los Angeles, CA

Total Revenue
$3,079,757
Total Expenses
$6,247,204
Total Assets
$15,692,980
Net Assets
$15,015,996
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
CA
Phone
2136878577
Tax Period
2023-07-01 to 2024-06-30

Center for Cultural Innovation, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $6.2M exceeded revenue, resulting in a 103% operating deficit.

Mission

Education/Support/Services for Artists The Center for Cultural Innovation (CCI) was launched in 2001 to promote knowledge sharing, networking and financial independence for individual artists and creative entrepreneurs by providing business training, grants

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,633,110
Program Service Revenue $58,708
Investment Income $387,939
Other Revenue $0
TOTAL REVENUE $3,079,757

Expense Breakdown

Grants Paid $3,204,964
Salaries & Benefits $1,617,524
Fundraising Expenses $3,175
Program Expenses $5,631,883
Other Expenses $1,424,716
TOTAL EXPENSES $6,247,204

Year-over-Year Comparison

2023 2022 Change
Revenue $3,079,757 $8,534,816 -0.6%
Expenses $6,247,204 $5,978,761 +0.0%
Net Income $-3,167,447 $2,556,055 -2.2%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
16
Volunteers
N/A

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
5
$186,100
Total Directors
0
$0
Key Employees
1
$186,100
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Angie Kim Member 40.00
Officer Key Emp Highest
$186,100 $0 $186,100
Edgar Hirst Treasurer/Secretary 0.52
Officer
$0 $0 $0
Lorna Lathram President 0.52
Officer
$0 $0 $0
Sally Jo Fifer Vice President 0.52
Officer
$0 $0 $0
Sage Crump Board Member 0.52
Officer
$0 $0 $0
Lauren Bailey Employee 40.00
Highest
$168,300 $0 $168,300
Catherine Fox Employee 40.00
Highest
$158,100 $0 $158,100
Laura Poppiti Employee 40.00
Highest
$164,917 $0 $164,917
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
2025 No data No data No data No data
2024 $3,079,757 $6,247,204 $15,692,980 $-3,167,447
2023 $8,534,816 $5,978,761 $18,966,303 $2,556,055
2022 $5,971,325 $3,996,178 $15,572,704 $1,975,147
2021 $16,920,797 $6,715,362 $13,689,515 $10,205,435
2020 $4,209,027 $5,576,345 $3,546,646 $-1,367,318
2019 $4,040,962 $1,156,546 $4,686,138 $2,884,416
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