Arvada Center for the Arts and Humanities
Nonprofit profile at a glance
- EIN
- 840849472
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-T 2024, Form 990-N 2015
- Location
- Arvada, CO, USA
- Phone
- 7208987200
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $14,250,436
- Expenses
- $14,984,173
- Assets
- $2,614,142
- Liabilities
- $2,027,352
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- Philip Sneed (President/CEO/Ex-Officio Member)
Highest reported compensation
- Philip Sneed (President/CEO/Ex-Officio Member): $278,433 total reported compensation
- Clark Johnson (Chief Operating Officer): $230,068 total reported compensation
- Teresa Yokell (VP of Advancement): $190,382 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 Arvada Center celebrates and elevates the human condition with engaging arts, humanities, education, and entertainment that expand the cultural landscape for everyone who visits us.
What it reported doing in 2024
Performing Arts - The Center entertains patrons with its musical theatre and theatrical play productions, summer concerts, and cultural collaboration with other local and regional arts organizations. In addition to attending performances, patrons had multiple opportunities to engage in educational presentations, question and answer sessions, and in-depth explorations of scripts, themes, sets and costumes, playwrights, and the history of the plays' development.
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
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: 74
- Transparency & Controls: 79
- Accountability: 91
- Sustainability: 14
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.4%; rating input score 80
- Program expense ratio: 75.8%; rating input score 76
- Fundraising efficiency: $9.99 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- 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; 66th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.1%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 0.78; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 8.2%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 5.5% per year; rating input score 100; 46th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 0% per year; rating input score 100; 10th percentile among comparable filings
Details
- Where the money goes: 80.4% of revenue deployed · 75.8% of spending went to programs
- Governance: 22 of 22 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $11.4M in reported program spending
- Leadership: top reported pay $278K · 30 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $301K reported
- Consistency: 35 of 35 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 38/100.
- High — Sustainability: Operating margin scored 16/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- High — Sustainability: Officer compensation ratio scored 28/100.