East Central Regional Arts Council
Nonprofit profile at a glance
- EIN
- 273386367
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Hinckley, MN, USA
- Phone
- 3203360200
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nonmonetary Support N.E.C.*
Reported finances
- Revenue
- $851,375
- Expenses
- $878,712
- Assets
- $218,000
- Liabilities
- $132,171
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- MARY MINNICK-DANIELS (EXECUTIVE DIRECTOR)
Highest reported compensation
- MARY MINNICK-DANIELS (EXECUTIVE DIRECTOR): $101,342 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 east central regional arts council's purpose is to promote and encourage all of the arts in east central Minnesota. The organization does this by funding grant proposals from area arts and community organizations, governmental units, and individuals. These activities are funded in part by appropriations from the Minnesota state legislature, with money from the state's general fund and its arts and cultural heritage fund. The fund was created by a vote of the people of Minnesota on november 4, 2008. These activities are also funded in part by the mcknight foundation.
What it reported doing in 2024
The east central regional arts council's program included providing grants totaling $481,923 to individuals and groups for arts projects.the organization also provided technical assistance to grantees and others interested in the arts through workshops, art shows, and the "essential arts" newsletter. East central regional arts council also worked to identify economic and community development links in the region, providing information, assistance, and referrals on arts issues.
Operating model
- Revenue model
- Grant-funded. 95% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 40% for direct work, and 60% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 87
- Accountability: 90
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95%; rating input score 95
- Program expense ratio: 92%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 87.3%; rating input score 87; 37th 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: 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: -3.2%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.25; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.61; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 11.5%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: 5.3% per year; rating input score 100; 44th percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 6.3% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 95% of revenue deployed · 92% of spending went to programs
- Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $809K in reported program spending
- Leadership: top reported pay $101K · 8 people listed
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 25 filed money-flow records
- Related organizations: 24 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.