Cultureverse

Nonprofit profile at a glance

EIN
863938363
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Ann Arbor, MI, USA
Phone
7349453068
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$279,504
Expenses
$358,341
Assets
$41,961
Liabilities
$477

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

Leadership & pay

4 people listed

Executive titles in this filing

  • JEFF MACHAK (EXECUTIVE DIRECTOR)
  • DONALD HICKS (PRESIDENT)

Highest reported compensation

  • JEFF MACHAK (EXECUTIVE DIRECTOR): $42,692 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 cultureverse mission is to serve the local and global community by expanding opportunities to access and experience projects, storytelling, and creative expression of artists, educators, students, and preservationists. We provide technology, training, consultation, and other resources in order to create equitable and sustainable opportunities. We aim to bridge the gap between creator and community so that all people may be enriched by the ever-expanding breadth of art and knowledge.

What it reported doing in 2024

General programs: cultureverse continued to serve artists, educators, preservationists, and the general public through digital preservation, education, and public engagement activities. During the year, the organization developed virtual galleries and utilized 3d scanning technologies to digitally capture and preserve objects and places. Cultureverse hosted in-person events and educational workshops to train participants in virtual gallery creation and 3d scanning technologies. Programs and services were promoted through targeted content and social media strategies. Non-cash contributions, not required to be listed on schedule m, included facilities, donated labor, computer equipment, and web design services.

Operating model

Revenue model
Donor-supported. 100% 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.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 15
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.3%; rating input score 84
  • Program expense ratio: 65.8%; rating input score 66
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 6 of 8 controls in place; rating input score 75
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -28.2%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.12; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 11.9%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: -48.4% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -47.1% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -62.4% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 84.3% of revenue deployed · 65.8% of spending went to programs
  • Governance: 3 of 3 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $236K in reported program spending
  • Leadership: top reported pay $43K · 4 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 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.

  • High — Sustainability: Operating margin scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.