CultureWorks Inc
Nonprofit profile at a glance
- EIN
- 546059009
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Richmond, VA, USA
- Phone
- 8043405280
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,148,905
- Expenses
- $1,150,227
- Assets
- $558,403
- Liabilities
- $30,585
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- Scott Garka (President)
Highest reported compensation
- Scott Garka (President): $173,924 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
CultureWorks is committed to its mission: strengthening artists and arts and culture organizations to increase their impact in our region.
What it reported doing in 2024
The CultureWorks Grants Program was developed with the intent to support smaller 501(c)(3) nonprofit organizations, with limited resources and operating budgets less than $750,000, as well as funding for individual practicing artists. With few sources of support available in the Richmond and Tri-Cities Regions focused entirely on helping small to mid-size arts and culture organizations, the Grants Program is able to fulfill this need and fund quality programs, events and initiatives for our community. Grant funding is available to nonprofit arts and cultural organizations and individual artists in the Richmond and Tri-Cities Regions and focuses on two funding priorities - Cultural Equity and Building Capabilities.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 44% for direct work, and 56% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 78
- Accountability: 100
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.8%; rating input score 88
- Program expense ratio: 87.6%; rating input score 88
- Fundraising efficiency: $15.29 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 85.5%; rating input score 86; 36th 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; 63rd 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: -0.1%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 0.49; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 15.1%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: 3.1% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 2.4% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: 87.8% of revenue deployed · 87.6% of spending went to programs
- Governance: 23 of 23 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $1M in reported program spending
- Leadership: top reported pay $174K · 26 people listed · 3 of 6 pay-setting controls reported
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 15 filed related-organization links
- 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.
- Review — Financial Efficiency: Fundraising efficiency scored 51/100.
- Moderate — Sustainability: Operating margin scored 35/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- High — Sustainability: Officer compensation ratio scored 23/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.