Eau Claire Regional Arts Council Endowment Trust

Nonprofit profile at a glance

EIN
391638787
IRS 990-EZ coverage
2011–2018
Forms available
Form 990-EZ 2018, Form 990-N 2009
Location
Eau Claire, WI, USA
Phone
7158322787
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts Council/Agency

Reported finances

Revenue
$23,406
Expenses
$100,012
Assets
$85,820
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • DEAN KALLENBACH (VICE PRESIDENT)
  • HOWARD WHITE (PRESIDENT)

People named in this filing

  • DEAN KALLENBACH (VICE PRESIDENT)
  • DON RECK (SECRETARY/TREASURER)
  • HOWARD WHITE (PRESIDENT)

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 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To hold and invest funds for the benefit of eau claire regional arts council, inc.

What it reported doing in 2018

The endowment trust held investments to fund arts programs in the chippewa valley. $97,800 was donated to eau claire regional arts, council, inc. During 2018.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as 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 assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 29
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.8%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -327.3%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.86; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 53.4% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: -6.5% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $98K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 8 filing years from 2011 to 2018
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • 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.

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 — Sustainability: Operating margin scored 3/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.