Artserveinc

Nonprofit profile at a glance

EIN
650058919
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-T 2021
Location
Fort Lauderdale, FL, USA
Phone
9544629191
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$560,330
Expenses
$700,547
Assets
$648,292
Liabilities
$60,523

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

Leadership & pay

12 people listed

Executive titles in this filing

  • MOLLY WILSON (PRESIDENT/PA)

People named in this filing

  • DAN CHAPPELL (DIRECTOR)
  • FRANK D'AGOSTINO (DIRECTOR)
  • DUSTIN JACOBS (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Artserve, inc. (artserve\organization) is a Florida not-for-profit corporation, incorporated june 28, 1988. Since then, artserve has fulfilled its core mission by providing cultural entities platforms for growth. The organization offers a full range of support services that provide a solid foundation for area artists to hone business skills, embrace new technology, build audiences and learn best practices. It also goes out into the community to develop networking and collaboration opportunities that allows them to reach their personal vision and artistic goals. Since its inception, support from individual, corporate, foundation and government entities has been invaluable in order to sustain critical program activities, improve core resources, maintain and upgrade facilities and help fund professional staff who provide vital services and collaborative ventures that enrich the community. Artserve is primarily funded through grants from broward county.

What it reported doing in 2024

Facility - this program is designed to assist the art, culture and non- profit community with their business needs. Artserve provides office space, board room access, and workshop areas in a shared business environment for the cultural community. Established cultural organizations have access to these services and facilities at a nominal cost. In addition, the artserve facility provides meeting space, a dance studio, reception space, classwork facilities, working artist studios, and an auditorium available for hourly/daily/monthly rental. The auditorium can seat up to 200 people, and is an ideal space for conducting workshops, seminars, concerts, recitals, plays and other types of performances. Artserve has created a benefit to the community with the creative hub, a free space for artists and members of the community to collaborate and interact. Other programs - a significant portion of the "other programs" category is comprised of "collaborative programs." collaborative programs represent mission-related alliances formed in an effort to generate new areas of exposure and sales for artserve and artserve member artists. Collaborative partners can include venues, such as a hotel or performing arts center gift shop, where artserve member items are sold to the public. The programs can also take the form of an event where a collaborative partner approaches artserve to provide the artistic services for a fee at the event. Artserve then connects the artist with the partner to facilitate the art component which can include hiring a musician, dancer or performing artist, or hiring an artist to mural a wall or paint live at an event. Artserve provides this as a service to members by connecting the community at large with the artist community and facilitating and new mutually beneficial and fee-based partnership.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

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: 81
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 30
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.6%; rating input score 97
  • Program expense ratio: 75.7%; rating input score 76
  • Fundraising efficiency: $3.86 raised per $1 spent on fundraising; rating input score 12; 12th 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -25%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.93; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: -9.3% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -11.1% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 4.2% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 96.6% of revenue deployed · 75.7% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $530K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 12/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.