Embassy Cultural Center Foundation Inc
Nonprofit profile at a glance
- EIN
- 562201877
- IRS 990 coverage
- 2011–2023
- Forms available
- Form 990 2023
- Location
- Henderson, NC, USA
- Phone
- 2525980662
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Libraries
Reported finances
- Revenue
- $259,306
- Expenses
- $487,581
- Assets
- $9,227,012
- Liabilities
- $2,803,587
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Mark Hopper (Executive Director)
Highest reported compensation
- Mark Hopper (Executive Director): $29,792 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of Embassy Cultural Center Foundation, Inc. d/b/a McGregor Hall Performing Arts Center is to enrich the cultural, educational, and economic vitality of Vance County and the surrounding region by providing accessible, high-quality performing arts, educational programming, and community gathering spaces. The organization is committed to fostering creativity, supporting artists, promoting lifelong learning, preserving cultural heritage, and offering inclusive opportunities for individuals of all ages to experience and participate in the arts. Through performances, educational initiatives, facility rentals, and community partnerships, the Foundation strengthens community engagement while ensuring that the arts remain an accessible and sustainable resource for the public.
What it reported doing in 2023
During the 2023 short tax year, McGregor Hall Performing Arts Center successfully presented live performances, cultural events, and community programming that provided residents and visitors with meaningful access to the arts in Vance County. The organization continued to strengthen its financial sustainability through ticket sales, concessions, facility rentals, and rental income from its downtown Henderson properties while maintaining a high-quality venue for public and private events. Through these efforts, the Foundation expanded community engagement, supported local economic activity, and advanced its mission of promoting arts, education, and cultural enrichment throughout the region.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 92
- Accountability: 86
- Sustainability: 35
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98%; rating input score 98
- Program expense ratio: 52.1%; rating input score 52
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.8%; rating input score 94; 26th 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: -88%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 18.92; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 6.1%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: -35.4% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -13% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 36th percentile among comparable filings
Details
- Where the money goes: 98% of revenue deployed · 52.1% of spending went to programs
- Governance: 15 of 16 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $254K in reported program spending
- Leadership: top reported pay $30K · 16 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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: Program expense ratio scored 52/100.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.