Emerald City Theatre Company
Nonprofit profile at a glance
- EIN
- 364104597
- IRS 990 coverage
- 2015–2017
- Forms available
- Form 990 2017
- Location
- Chicago, IL, USA
- Phone
- 7735292690
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $1,989,880
- Expenses
- $1,986,417
- Assets
- $153,085
- Liabilities
- $167,267
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- KAREN CARDARELLI (PRESIDENT/EXECUTIVE DIR.)
Highest reported compensation
- JACQUELINE STONE (ARTISTIC DIR.,/BOARD MEMBE): $87,739 total reported compensation
- KAREN CARDARELLI (PRESIDENT/EXECUTIVE DIR.): $64,071 total reported compensation
- GILLIAN GORRA (SECRETARY/MANAGING DIR.,): $59,150 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Emerald city theatre celebrates all of chicago's children through playful, professional and culturally relevant artistic programs that motivate young people to creatively face the world.
What it reported doing in 2017
Emerald city theatre school provides children with arts education that focuses on important life skills and prepares children to creatively face the world. Education programming strives to enhance the mainstage experience with highly participatory curriculum taught by professional artists. Through classes, camps, after-school programs and in-school residencies, children explore and challenge their own creativity and build self-confidence and critical thinking skills.
Operating model
- Revenue model
- Earned-program. 70% of the money available for current operations came from fees and other program revenue.
- 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. The required major-donor schedule is missing or incomplete and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 75
- Accountability: 94
- Sustainability: 23
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.5%; rating input score 71
- Program expense ratio: 71.2%; rating input score 71
- Fundraising efficiency: $2.78 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: No; rating input score 0
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 20th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.2%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.08; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 1.09; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 10.6%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: -12.7% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 1.3% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: -12.9% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 71.5% of revenue deployed · 71.2% of spending went to programs
- Governance: 16 of 18 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $1.4M in reported program spending
- Leadership: top reported pay $88K · 19 people listed
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2015 to 2017
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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 — Transparency & Controls: Major donor itemization scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 9/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.