Baay

Nonprofit profile at a glance

EIN
383868071
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Bellingham, WA, USA
Phone
3603068531
Rating
78
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Performing Arts Organizations

Official website

Reported finances

Revenue
$809,765
Expenses
$694,236
Assets
$571,360
Liabilities
$118,591

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

Leadership & pay

11 people listed

Executive titles in this filing

  • JULIETTE MACHADO (EXECUTIVE DIRECTOR)
  • DANNY CARROLL (PRESIDENT)
  • KRISTIN CONZO (VICE PRESIDENT)

Highest reported compensation

  • JULIETTE MACHADO (EXECUTIVE DIRECTOR): $58,178 total reported compensation

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

Overview

Mission

Baays mission is to enrich the lives of children through exploration of the arts. We are committed to helping young people grow confidence, creativity, character and a strong sense of community.

What it reported doing in 2024

Baay campus: we provide children with a safe and nurturing environment to study theatre, dance, choir, music, and visual arts. In addition to building artistic skills, baay is committed to creating community and fostering confidence, character, and creativity in young people. This year, we received 1,254 enrollments in our 64 courses at our downtown campus. 25 of those programs culminated in performances, including original productions as well as full musicals and plays: annie, elf, shrek, beetlejuice, and shakespeares as you like it. We doubled the capacity of our outdoor musical theatre summer program, camp larrabaay, held at larrabee state park. State street theatre company (sstc) is our musical theatre intensive program for students ages 15-18. We offered two sstc productions this summer, our town and chicago: teen edition. Baay supported the participation of 36% of students overall through tuition waivers and discounts.

Operating model

Revenue model
Earned-program. 72% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 76% for direct work, and 24% for grants.

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 fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 100
  • Accountability: 90
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.9%; rating input score 57
  • Program expense ratio: 67.1%; rating input score 67
  • Fundraising efficiency: $5.41 raised per $1 spent on fundraising; rating input score 20; 20th 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: 100%; rating input score 100; 76th percentile among comparable filings
  • 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: 6 of 8 controls in place; rating input score 75
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 14.3%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.82; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 8.4%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 12.4% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 12.3% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 29.7% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 56.9% of revenue deployed · 67.1% of spending went to programs
  • Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $466K in reported program spending
  • Leadership: top reported pay $58K · 11 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 7 filing years from 2018 to 2024
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • High — Financial Efficiency: Fundraising efficiency scored 20/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.