Act Market Street

Nonprofit profile at a glance

EIN
463452490
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
San Francisco, CA, USA
Phone
4157492228
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$12,000
Expenses
$768,363
Assets
$24,049,473
Liabilities
$2,101,785

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • JENNIFER BIELSTEIN (EXECUTIVE DIRECTOR/PRESIDENT)

Highest reported compensation

  • JENNIFER BIELSTEIN (EXECUTIVE DIRECTOR/PRESIDENT): $504,819 total reported compensation
  • PAMELA MACKINNON (TREASURER): $486,444 total reported compensation
  • JIM SIVORI (CHIEF FINANCIAL OFFICER): $275,637 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule othe specific purpose of the act market street is to perform the charitable functions of and carry out the charitable purposes of american conservatory theatre foundation, a California nonprofit public benefit corporation. Act market street is a supporting organization controlled by american conservatory theatre foundation, as specified in section 509(a)(3) of the internal revenue code.

What it reported doing in 2024

For the benefit of american conservatory theatre foundation.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 60
  • Accountability: 69
  • Sustainability: 31
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 62.5%; rating input score 62; 21st percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6,303%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 31.3; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 5.8%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: -9.2% per year; rating input score 0; 30th percentile among comparable filings
  • Revenue growth: 0.9% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: -3% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 5 of 8 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $768K in reported program spending
  • Leadership: top reported pay $505K · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.