Beet Street

Nonprofit profile at a glance

EIN
261456527
IRS 990 coverage
2011–2012
Forms available
Form 990 2012
Location
Fort Collins, CO, USA
Phone
9704198240
Rating confidence
Limited
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$361,132
Expenses
$440,627
Assets
$452,927
Liabilities
$28,215

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

8 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Beet Street exists as a catalyst to develop Fort Collins into a nationally recognized arts and culture center and destination by distinguishing itself as an intellectually vital community that fosters, celebrates, and inspires human creativity. In 2012, Beet Street's programming included: Streetmosphere and the dvelopment of the Arts Incubator of the Rockies.

What it reported doing in 2012

ARTS INCUBATOR OF THE ROCKIES (AIR)This is a revolutionary partnership between Beet Street, the City of Fort Collins Cultural Services Department and the Leadership, Entrepreneurship, Advocacy and Performance Institure for the Arts (LEAP) at Colorado State University. AIR serves 10 states and over 280,000 creatives in the Intermountain West. Based in Fort Collins, AIR will provide professional development and entrepreneurial training. AIR serves all creative and community members who want to shift the paradigms about art, money, value and community.GRANTS: $195,844PROGRAM SPONSORSHIPS/CONTRIBUTIONS: $100PROGRAM PURCHASES: $21,428IN-KIND DONATIONS: $6,154

Operating model

Revenue model
Grant-funded. 65% of the money available for current operations came from government grants.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 88
  • Sustainability: 27
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th 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: 5 of 7 controls in place; rating input score 71
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -22%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 1.03; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 15%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -78.9% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -49.9% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 5 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $343K in reported program spending
  • Leadership: top reported pay $66K · 8 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2011 to 2012
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.