ArtCentre of Plano Inc
Nonprofit profile at a glance
- EIN
- 751786698
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Plano, TX, USA
- Phone
- 9724237809
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $623,234
- Expenses
- $667,976
- Assets
- $557,822
- Liabilities
- $4,094
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- Suzy Jones (Executive Director)
- Ben Wilson (Past President)
- Tom Venner (President)
- John Bourgeois (Vice President)
Highest reported compensation
- Suzy Jones (Executive Director): $86,500 total reported compensation
- Molly Wade (Office Manager): $43,943 total reported compensation
- Carole Greisdorf (Marketing Consultant): $22,650 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The ArtCentre of Planos mission is to encourage, support and promote excellence and diversity in the arts and arts education in the community.
What it reported doing in 2024
Art exhibitions and outreach
Operating model
- Revenue model
- Donor-supported. 62% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. 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: 27
- Transparency & Controls: 90
- Accountability: 95
- Sustainability: 31
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.4%; rating input score 25
- Program expense ratio: 22.3%; rating input score 22
- Fundraising efficiency: $16.18 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.2%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.84; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 71; 71st percentile among comparable filings
- Officer compensation ratio: 22.9%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 8% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: -5.6% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 25.4% of revenue deployed · 22.3% of spending went to programs
- Governance: 14 of 14 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $149K in reported program spending
- Leadership: top reported pay $86K · 18 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 3 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: Mission deployment rate scored 25/100.
- High — Financial Efficiency: Program expense ratio scored 22/100.
- Review — Financial Efficiency: Fundraising efficiency scored 53/100.
- High — Sustainability: Operating margin scored 21/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- High — Sustainability: Officer compensation ratio scored 12/100.