Culture Incorporated

Nonprofit profile at a glance

EIN
411867000
IRS 990 coverage
2010–2011
Forms available
Form 990 2011
Location
St Paul, MN, USA
Phone
6512915600
Rating confidence
Limited
Sector
Community Celebrations

Reported finances

Revenue
$85,009
Expenses
$122,469
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

3 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Culture, inc., a non-profit business association, operated to organize, support, and participate in artistic, cultural, charitable, and educational activities for the benefit of the local community and community economic development.

What it reported doing in 2011

Culture, inc. (culture) was incorporated february 27, 1997 under the Minnesota nonprofit corporation act to promote arts and culture as a component of community celebrations, urban design and community economic development. On may 20, 2004, culture amended article ii of the articles of incorporation to broaden their involvement in charitable and educational activities for the benefit of the local community and community economic development. Culture focused on public infrastructure in st. Paul through projects that enhanced the downtown experience for employees, residents and visitors. Examples of culture's projects included downtown lighting, flower baskets, the wells fargo winter skate outdoor mechanical refrigerated rink in landmark plaza and the rice park winter wonderland.effective april 1, 2011, the lighting, flowers, flags, wells fargo winterskate ice rink, and rice park winter wonderland projects and fixed assets were transferred over to the visit st. Paul foundation. The board of directors approved this transfer and a memorandum of understanding at the february 9, 2011 board meeting. On september 29, 2011 the culture, inc board of directors unanimously approved the plan of dissolution for the organization. The organization's dissolution will take place by december 31, 2011.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 94
  • Sustainability: 20
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 79th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: Fail

Sustainability

  • Operating margin: -44.1%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -121% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 3 of 3 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $101K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2010 to 2011
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.