Austin Creative Alliance

Nonprofit profile at a glance

EIN
742140348
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Austin, TX, USA
Phone
5122472531
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Reported finances

Revenue
$2,752,226
Expenses
$2,511,868
Assets
$520,989
Liabilities
$452,936

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

Leadership & pay

6 people listed

Executive titles in this filing

  • John Riedie (CEO)

Highest reported compensation

  • John Riedie (CEO): $30,000 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 mission of Austin Creative Alliance is to advance, connect, and celebrate Austin's arts, culture, and creative communities in order to nourish and strengthen the character, quality of life, and economic prosperity of our region.

What it reported doing in 2023

Program/Services/Accomplishments: Professional development seminars, community building events, public forums. ACA produces educational programming and teaches business & entrepreneurial skllls to the art and creative sectors in two tracks: (1) covering professional management and economic gain for individual artists for the nonprofit sector, and (2) covering professional management and economic gain for individual artists for the nonprofit sector. ACA hosts community relationship-building events with specialized themes to enhance business knowledge and collaboration within the communlty, as well as public forums to be held on topics of interest to the arts community. Fiscal sponsorship program & Arts Incubator for Emerging Artists and Groups: ACA offers project sponsorship to individuals and organizations that perform artistic and charitable services to the community. The program also offers expert advice and consultation regarding nonprofit best practices, marketing and raising funds. Over 150 organizations or individuals were sponsored through the program in FY 2019-2020. Actors' Equity Association Paymaster Services: ACA, working together with the New York, Chicago, Orlando, and Los Angeles offices, of Actor's Equity Association, provides services for producing organizations wishing to hire professional Equity actors for their productlon. Advocacy: ACA is committed to building strong, active, positive public awareness, engagement, and support for Austin's creative arts and cultural scene. ACA believes that art is an integral part of contemporary life and that a thriving creative sector means a healthier economy, a higher level of cultural sustainability. and a better standard of living for all. Annual Unified General Auditions: Each year, ACA hosts Annual Unified General Auditions, for local actors and auditors. This program provides actors an opportunity to be seen by professional directors, producers, and casting agents, and are instrumental for the region's theaters and filmmakers In the casting of their productions. NowPlayingAustin.com: The ACA Now Playing Austin website offers worldwide marketing for arts and culture activities In the city of Austin, providing artists and organizations the opportunity to gain audience reach and stimulate local tourism and the local economy. BAMATX: In response to the COVID pandemic, ACA initiated a new program to help connect fiscal supporters to Black Artists of all kinds to generate/sustain Black art and Black culture. ACAEAF: In response to the COVID pandemic, ACA initiated a new program to help bridge artists needs during this unprecedented time with supporters of various critical services in order to sustain Austin's art and culture to help ensure their presence post-pandemic.

Operating model

Revenue model
Other-operating. 97% of the money available for current operations came from other operating revenue.
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

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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.5%; rating input score 84
  • Program expense ratio: 92.5%; rating input score 93
  • Fundraising efficiency: $1.52 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 64th 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.7%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 0.21; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0.87; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 1.2%; rating input score 80; 80th percentile among comparable filings

Growth

  • Program expense growth: 10% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 7.4% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 13.5% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 84.5% of revenue deployed · 92.5% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.3M in reported program spending
  • Leadership: top reported pay $30K · 6 people listed
  • Consistency: 39 of 39 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 9 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 4/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.