Eighth Muse Inc
Nonprofit profile at a glance
- EIN
- 452303680
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- New Orleans, LA, USA
- Phone
- 5045222337
- Rating confidence
- Limited
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $182,581
- Expenses
- $183,640
- Assets
- $1,012,202
- Liabilities
- $803,280
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- RANIE THOMPSON (EXECUTIVE DIRECTOR)
Highest reported compensation
- ANTHONY CARTER (DIRECTOR OF FINANCE): $115,889 total reported compensation
- RANIE THOMPSON (EXECUTIVE DIRECTOR): $110,900 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Real estate holding co. - non-profit corp.
What it reported doing in 2024
Corporation leases its real estate to a non-profit corporation. The non-profit corporation has common board members with the corporation.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 86
- Sustainability: 44
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.6%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 5.51; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.79; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 21.7%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 12.2% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: -3.1% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 4 of 4 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $116K · 9 people listed
- Consistency: 11 of 11 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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 — Accountability: Governance controls: 3 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 17/100.