Edisto Art Guild Inc

Nonprofit profile at a glance

EIN
570980919
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Edisto Island, SC, USA
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$58,111
Expenses
$37,377
Assets
$87,613

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Patti Smyer (President)
  • Lisa Harrell (Vice President)

People named in this filing

  • Patti Smyer (President)
  • Lisa Harrell (Vice President)
  • Ginger Sanders (Secretary)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Community betterment and public education to benefit all citizens through promotion of the arts and performing arts by aiding and assisting in art appreciation productive education awareness and the establishment of scholarships in the appropriate fields. All monies raised through Guild projects and activities will be used to the benefit of our membership tourism and the general public of the community through quality programs and services.

What it reported doing in 2024

The Annual Edisto Plein Air Paint Out a 4-day event open to artists who specialize in painting outdoors in the elements. The goal is to allow artists to experience the beautiful island as well as to provide a venue for the public to see and purchase the resulting artwork. Limited to 100 attendees artists must register for the event and registrations quickly sell out each year. Most of the artists come from outside the immediate area although predominately the southeastern United States. Paintings created during the event can be submitted for public exhibition at the end of the week with cash prizes awarded by an impartial judge. Artworks are available for viewing and purchase by the public at prices determined by the artists with 90% of the sales proceeds returned to them. Edisto Island residents and visitors alike attend the public exhibition to appreciate and purchase the paintings.

Operating model

Revenue model
Donor-supported. 63% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 86% 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 program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 82
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 48.6%; rating input score 49
  • Program expense ratio: 74.2%; rating input score 74

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 35.7%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 2.34; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 178.6% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 139.6% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 27.2% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 48.6% of revenue deployed · 74.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 6 filed program accomplishments · $28K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.