Corrales Cultural Arts Council
Nonprofit profile at a glance
- EIN
- 850401145
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Corrales, NM, USA
- Phone
- 5058998830
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $87,162
- Expenses
- $88,184
- Assets
- $176,960
- Liabilities
- $32,715
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- JOHN SCHUMANN (PRESIDENT)
People named in this filing
- JOHN SCHUMANN (PRESIDENT)
- LANCE OZIER (VICE PRESIDE)
- DAVID HEMPHILL (TREASURER)
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 corrales cultural arts countil (ccac) provides high quality music performances in a historic, accesssable setting at reasonable cost. Ccac also delivers a music outreach program for the schools in corrales and its surrounding communities.
What it reported doing in 2024
Ccac was formed in 1986 to fill an important need for music and cultural enrichments in its small semi-rural community and the surrounding area. The nearest venues for high quality music performances were too far away and too expensive to be of significant benefit to corrales and its neighboring communities. Ccac was incorporated as a non-profit all volunteer community organization to expand the opportunites for music enrichment and education in corrales and its mid rio grande region of New Mexico. Ccac (music in corrales) brings to its stage regional and new mexican artists and artists from around the world such as midori, m5 mexican brass, jasper string quartet, and harlem string quartet to enhance the cultural environment of New Mexico's central rio grande valley. The concert season for ccac concists of eight concerts from september through april. Most of the concerts are held in the historic san ysidro church which is now a center for arts, education and community forums. Ccac (music in corrales) has contributed to the maintenance of the church building and provides all concert services. Ccac is an all volunteer organization compensating only contracted services for bookkeeping and tax filings. Only the performing artists are paid.the church building has a seating capacity of 150 in a very intimate setting which is fully accessible and barrier free. Virtually all ccac (music in corrales)concerts are sold out.
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 100
- Sustainability: 47
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.3%; rating input score 91
- Program expense ratio: 90.1%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -1.2%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 2.01; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: -1.4% per year; rating input score 0; 46th percentile among comparable filings
- Asset growth: 4.9% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 91.3% of revenue deployed · 90.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $79K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2010 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.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 42/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.