Center for Photography at Madison Inc
Nonprofit profile at a glance
- EIN
- 391933469
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Madison, WI, USA
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities N.E.C.
Reported finances
- Revenue
- $69,439
- Expenses
- $59,456
- Assets
- $110,347
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Ralph Russo (Vice-President)
- Robin Downs (President)
People named in this filing
- Ralph Russo (Vice-President)
- Christine Julson (Treasurer)
- Richard Wieboldt (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of The Center for Photography at Madison Inc. is to connect educate and inspire all who create support and appreciate photography as a means to personal expression throughout the Midwest. Our primary exempt purpose is education.
What it reported doing in 2024
Festival 2024: Revenue=$11,891; Expenses=$10,505; Grants received o=$3,015; Grants paid out=$0. This is our Biennial Juried Exhibition involving 13 Midwestern states. There were 870 submissions from over 200 artists from which 68 images were chosen to be included in the exhibition displayed at The Art+Lit Lab in Madison WI. More than 150 members & non-members attended the opening reception in September along with other activities continuing through December. Activities included artist talks & workshops 3 documentary films and a photo walk through a local park. Two additional exhibits held at other venues in Madison showcased members work as part of the Festival.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
MIXED - The filed numbers largely add up and program spending has grown recently. 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: 34
- Transparency & Controls: 82
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 31.6%; rating input score 32
- Program expense ratio: 38.2%; rating input score 38
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 14.4%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 1.86; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 10.7% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 5.9% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 17.1% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 31.6% of revenue deployed · 38.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $23K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- 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 32/100.
- Moderate — Financial Efficiency: Program expense ratio scored 38/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.