Brady Craft Inc

Nonprofit profile at a glance

EIN
273295491
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-N 2011
Location
Tulsa, OK, USA
Phone
9188956302
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$444,373
Expenses
$403,682
Assets
$69,890
Liabilities
$12,288

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

Leadership & pay

18 people listed

Executive titles in this filing

  • Jean Ann Fausser (Board President)
  • Jen Boyd Martin (Executive Director)

Highest reported compensation

  • Jen Boyd Martin (Executive Director): $67,446 total reported compensation

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

Overview

Mission

A contemporary fine craft community arts organization dedicated to fine craft; showcase local, state, regional, and national artists; and creating a community of partnerships with artists, curators, arts, and social service organizations. Programs honor a diversity of cuiltures, and reflect the contemporary expressions of the artists' heritage. They are designed around the six exhibitions each year and are targeted to local and regional communities.

What it reported doing in 2024

Provide exhibition space for the highest level of innovative contemporary fine craft from Oklahoma and around the world. Offer workshops, lectures and video presentations to audiences of all ages. Established a juried retail shop for member artists' work. Provide educational arts programs for under-served students and teachers. We celebrate the best of craftsman in textiles, quilts, ceramics, beadwork, jewelry, woodwork, basketry, and mixed media. What we do especially well is highlight present-day artists who build on the traditional craftwork of their communities using a nuanced and contemporary vocabulary. Our programs educate audiences, including school aged youth and senior citizens. We have recently expanded our programs to other groups of individuals traditionally unable to participate in making a craft kit that is designed to reflect the techniques, materials and subject matter of the exhibition they have toured. The exhibition of their work and the associated programs give artists the opportunity to interact with audiences and to teach about their own cultures. Participants have the opportunity to increase thier understanding of a variety of different traditions. The 3 largest exhibitions during the year saw a total of over 7,900 visitors.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
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

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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 36
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 53.1%; rating input score 53
  • Program expense ratio: 53.8%; rating input score 54
  • Fundraising efficiency: $9.35 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 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: 9.2%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 0.17; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 16.7%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 0.3% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 45th percentile among comparable filings
  • Asset growth: -12.8% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 53.1% of revenue deployed · 53.8% of spending went to programs
  • Governance: 16 of 16 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $217K in reported program spending
  • Leadership: top reported pay $67K · 18 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 11 filing years from 2014 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 53/100.
  • Review — Financial Efficiency: Program expense ratio scored 54/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.