Community Center for the Arts

What it reported doing in 2024

The Center's mission is to connect the creative community of Jackson Hole by providing a dedicated campus, supporting excellent programming, and nurturing a collaborative spirit. It is the Center's vision to make artistic experience central to Jackson Hole by embracing the values of stewardship, excellence, inclusion, creativity, and respect. In this way, the Center makes the arts accessible to all in the Jackson Hole and surrounding community. To achieve its purposes, the Center hosts other community arts organizations at its main campus and operates arts programs.(Continued on Schedule O)A core part of the Center's mission is to enhance arts and culture in its community. Jackson Hole has developed a robust community of small arts organizations, which were slowly disappearing due to the high cost of rent in the area. From the beginning, part of the purpose of the Center's main campus was to provide space at substantially below-cost for multiple arts organizations to flourish. The Center now has twenty nonprofit arts and education "Resident organizations exempt under Section 501(c)(3 as tenants. In addition to substantially below-cost rent for office space, these organizations receive deeply discounted access to the Center's campus for performances, exhibitions and other displays of their work. In some cases, that access is complimentary, allowing Residents to work closely with each other and form new collaborations using the common spaces, conference centers, and equipment of the Center for free.In addition to Resident Organizations, the Center conducts several creative programs of its own. Currently, the three main ones are: Center Presents, Center Collaborations, and Campus Exhibitions. The Center Presents series brings a diverse selection of national and internationally recognized performers to Jackson Hole, Wyoming. The Center Collaborations program supports outstanding programming on the arts campus based on creative merit, shared audiences, and resources (financial need), and encourages risk-taking artwork. Finally, Campus Exhibitions add visual vibrancy to the Center by supporting and showcasing a diverse group of artists, particularly local artists and artists who might not otherwise be recognized more broadly. The Campus Exhibitions program is pivotal in creating a positive and artistic experience for patrons visiting the Center.

Financial Efficiency

• Mission deployment rate: 37.9%; rating input score 38
• Program expense ratio: 72.7%; rating input score 73
• Fundraising efficiency: $10.26 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • 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: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 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: Pass
  • 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: 53.6%; rating input score 94; 94th percentile among comparable filings
• Total-asset coverage ratio: 7.39; rating input score 89; 89th percentile among comparable filings
• Liabilities to assets ratio: 0.06; rating input score 81; 81st percentile among comparable filings
• Officer compensation ratio: 4.2%; rating input score 58; 58th percentile among comparable filings

Growth

• Program expense growth: 3% per year; rating input score 100; 26th percentile among comparable filings
• Revenue growth: 9.4% per year; rating input score 100; 72nd percentile among comparable filings
• Asset growth: 0.5% per year; rating input score 100; 12th percentile among comparable filings