Andreas H Bechtler Arts Foundation

Nonprofit profile at a glance

EIN
562225722
IRS 990 coverage
2014–2023
Forms available
Form 990 2023, Form 990-PF 2009
Location
Charlotte, NC, USA
Phone
7048274141
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Visual Arts Organizations

Official website

Reported finances

Revenue
$4,236,354
Expenses
$4,293,005
Assets
$34,358,313
Liabilities
$99,258

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

27 people listed

Executive titles in this filing

  • Todd Smith (Executive Director)

Highest reported compensation

  • Todd Smith (Executive Director): $338,791 total reported compensation
  • Bob Scheer (Deputy Dir Development): $126,891 total reported compensation
  • Hillary Hardwick (Deputy Dir Marketing): $124,189 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The bechtler museum of modern art seeks to add significantly to the cultural landscape through exhibitions and programs that celebrate and explore the bechtler collection of 20th-century modern art as well as the personal materials related to the collection that illuminate the unique role of the bechtler family as patrons of the period's most innovative and influential artists.

What it reported doing in 2023

The bechtler museum of modern art offers an array of innovative opportunities for the community at large to enrich their cultural experiences, social engagement and personal self-discovery. During the 2023-24 fiscal year, the museum offered the following programs: a variety of exhibitions of art dedicated to modern and contemporary art, and public programs, such as jazz at the bechtler (offered new perspectives on modern jazz composers, legendary artists, and musical styles that grew in popularity in the mid-to-late 20th century), and music and museum (offered classical ensemble performances in the galleries and lobby to complement the art on view). In addition, guest lectures from artists, curators, and art historians explored the many facets of modern art and architecture. Continuing in fy24 was the highly popular wednesday night live. This weekly program of free admission and planned programs on wednesday evenings was in partnership with the mint museum and gantt center for afro-american art + culture. The museum launched new tour programs for k-12 audiences and offered these tours free of charge. The museum presented the following special exhibitions: teresa hubbard/alexander birchler: flora and hildur asgeirsdottir jonsson: infinite space, sublime horizons. These exhibitions continue the museum's commitment to showcasing the histoment to showcasing the history of modern art and demonstrating its legacy for living artists. The museum completed a renovation of its lobby to provide better customer experiences and added a new gallery and additional exhibition spaces.

Operating model

Revenue model
Donor-supported. 64% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 66
  • Accountability: 90
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.2%; rating input score 76
  • Program expense ratio: 75.2%; rating input score 75
  • Fundraising efficiency: $4.45 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1.3%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 8; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 16.4%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 0.9% per year; rating input score 100; 19th percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 1.2% per year; rating input score 100; 17th percentile among comparable filings

Details

  • Where the money goes: 76.2% of revenue deployed · 75.2% of spending went to programs
  • Governance: 23 of 23 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3.2M in reported program spending
  • Leadership: top reported pay $339K · 27 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $101K reported
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 10 filing years from 2014 to 2023
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • 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: Fundraising efficiency scored 15/100.
  • Moderate — Sustainability: Operating margin scored 30/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 15/100.