Artist Communities Alliance
Nonprofit profile at a glance
- EIN
- 582138525
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Providence, RI, USA
- Phone
- 4013514320
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nonprofit Management
Reported finances
- Revenue
- $2,036,225
- Expenses
- $1,949,143
- Assets
- $2,660,092
- Liabilities
- $2,078,622
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- LISA FUNDERBURKE (PRESIDENT &)
Highest reported compensation
- LISA FUNDERBURKE (PRESIDENT &): $285,129 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Believing the cultivation of new art and ideas is essential to human progress, our mission is to advocate for and support artists' communities, in order to advance the endeavors of artists.
What it reported doing in 2024
Equitable capacity workshop: grounded in the aac's five pillars of a healthy residency framework, these trainings engaged programs across five key areas of organizational health: identity, program design, stewardship, fund development, and operational excellence. This initiative provided tactical strategies for consistent program evaluation, equitable jury and selection models, staffing protocols and other key areas of residency operations. Artists' experience continued to be centered and artists served as lead presenters. Workshops, running in tandem with continued meta- network and field conversations, modeled a culture of reflection, transparency, and change. Cohorts of leaders created within these sessions buoyed a constellation of support and exchange across the field.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 69% for direct work, and 31% for grants.
The verdict
STRONG - 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: 86
- Transparency & Controls: 82
- Accountability: 95
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.8%; rating input score 88
- Program expense ratio: 91.2%; rating input score 91
- Fundraising efficiency: $18.56 raised per $1 spent on fundraising; rating input score 57; 57th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.3%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 1.36; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0.78; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 14.6%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 11.7% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 7.6% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 16.7% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 87.8% of revenue deployed · 91.2% of spending went to programs
- Governance: 17 of 17 board members independent · 7 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $1.8M in reported program spending
- Leadership: top reported pay $285K · 18 people listed · 3 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 5 filed schedules · includes grants and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 19 filed money-flow records
- Related organizations: 16 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Fundraising efficiency scored 57/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- High — Sustainability: Officer compensation ratio scored 19/100.