Caroga Arts Collective Inc

Nonprofit profile at a glance

EIN
812778740
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Caroga Lake, NY, USA
Phone
5188322041
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Music

Official website

Reported finances

Revenue
$3,132,882
Expenses
$1,284,996
Assets
$4,986,965
Liabilities
$456,224

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

Leadership & pay

16 people listed

Highest reported compensation

  • KYLE PRICE (EXECUTIVE DI): $80,119 total reported compensation

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

Overview

Mission

The organization seeks to bring together musicians, artists, scholars and the community to collaborate across fields and genres on inter-disciplinary projects. Caroga arts collective, inc. Focuses on revitalizing local culture and life through providing unique experiences via collaborative performances, exhibits, community outreach events and adult/youth education.

What it reported doing in 2024

Nestled in the southern adirondacks, the caroga arts collective is a unique destination for artists, audiences, and community members alike. The organization's summer music festival, year-round events, and adult/youth education programs provide unforgettable experiences and artistic opportunities that distinguish the caroga arts collective as an emerging world-class cultural venue. The organization hosts approximately 35,000 visitors annually and draws a growing number of renowned artists from across the globe. Acting as an international hub for the arts, a center for tourism, and a driver for regional economic growth, the organization is developing an interconnected campus with a modern amphitheater, artist housing, and a variety of year-round performance spaces.

Operating model

Revenue model
Donor-supported. 80% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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: 48
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 31.4%; rating input score 31
  • Program expense ratio: 73.6%; rating input score 74
  • Fundraising efficiency: $17.42 raised per $1 spent on fundraising; rating input score 55; 55th 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: 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: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 59%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 3.88; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 6.2%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: 30.5% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 30.3% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 32.4% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 31.4% of revenue deployed · 73.6% of spending went to programs
  • Governance: 15 of 15 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $945K in reported program spending
  • Leadership: top reported pay $80K · 16 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 9 filing years from 2016 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 55/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.