Albany Area Arts Council Inc
Nonprofit profile at a glance
- EIN
- 581269472
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Albany, GA, USA
- Phone
- 2294392787
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts Council/Agency
Reported finances
- Revenue
- $79,724
- Expenses
- $86,546
- Assets
- $50,649
- Liabilities
- $2,568
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
People named in this filing
- KRIS LETLOW (DIRECTOR/PRE)
- MADELYN CARTER (DIRECTOR/VIC)
- CHERYL BURFORD (DIRECTOR/TRE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the albany area arts council is to encourage, sponsor, and support arts and culture in our community through both our member organizations and direct programming. The aaac has served albany in this capacity since 1976 and exists to enhance individual life, promote diversity and a sense of community, and drive economic growth through the arts.
What it reported doing in 2024
The organization held various art shows and events to promote the arts in albany and southwest Georgia.
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- 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
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 10
- Transparency & Controls: 100
- Sustainability: 27
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 12.2%; rating input score 12
- Program expense ratio: 7.5%; rating input score 7
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -8.6%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.59; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 63%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -12.3% per year; rating input score 0; 24th percentile among comparable filings
- Revenue growth: 0.6% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 12.2% of revenue deployed · 7.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $6K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 12/100.
- High — Financial Efficiency: Program expense ratio scored 7/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 32/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.