Briscoe Landlord

Nonprofit profile at a glance

EIN
273041520
IRS 990 coverage
2011–2016
Forms available
Form 990 2016
Location
San Antonio, TX, USA
Phone
2102994499
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$1,200,000
Expenses
$1,112,868
Assets
$21,771,472
Liabilities
$25,000,000

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

8 people listed

Highest reported compensation

  • TOM LIVESAY (EX OFFICIO): $132,275 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support the educational and charitable purposes of the national western art foundation (nwaf) by construction and leasing a build-to-suit facility to nwaf for its operation of the briscoe western art museum located in san antonio, Texas. The organization operates within the meaning of section 501(c)(3) of the internal revenue code. Specifically, the organization is a supporting organization under section 509(a)(3).

What it reported doing in 2016

Operation of the briscoe western art museum building in downtown san antonio, Texas. Briscoe landlord, as a type i supporting organization, and leases the museum property and grounds to the national western art foundation, dba briscoe western art museum.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program 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. Program spending has declined or grown slowly and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 77
  • Accountability: 100
  • Sustainability: 66
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.9%; rating input score 90
  • Program expense ratio: 97%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • 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 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.3%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 19.56; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 1.15; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 2.2%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: -18.8% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: 5.2% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: -4% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 89.9% of revenue deployed · 97% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $132K · 8 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 6 filing years from 2011 to 2016
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.