Bethel Conservatory of the Artsinc
Nonprofit profile at a glance
- EIN
- 812786260
- IRS 990 coverage
- 2019–2020
- Forms available
- Form 990 2020
- Location
- Redding, CA, USA
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,469,336
- Expenses
- $1,338,756
- Assets
- $162,958
- Liabilities
- $106,209
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- FABIANO ALTAMURA (PRESIDENT)
Highest reported compensation
- DANN FARRELLY (BOARD MEMBER): $131,716 total reported compensation
- CHARLIE HARPER (SECRETARY): $130,096 total reported compensation
- JOHN RAFTERY (BOARD MEMBER): $106,978 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Bethel conservatory of the arts is a performing and creative arts school that exists to train and equip professional artists within the context of the christian faith.
What it reported doing in 2020
Training professional artists/creative revivalists who release god's kingdom through story, movement, and emotion.
Operating model
- Revenue model
- Earned-program. 91% 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 65% for direct work, and 35% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 94
- Accountability: 72
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.2%; rating input score 91
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
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; 74th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 11th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.9%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.12; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 20.1%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 40.2% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 61.2% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 28.6% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 91.2% of revenue deployed · 100% of spending went to programs
- Governance: 3 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $132K · 7 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 2 filing years from 2019 to 2020
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 4 filed related-organization links
- 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 — Sustainability: Total-asset coverage ratio scored 4/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- High — Sustainability: Officer compensation ratio scored 16/100.