Falls Park Sound and Light Show Inc
Nonprofit profile at a glance
- EIN
- 460450190
- IRS 990-EZ coverage
- 2010–2012
- Forms available
- Form 990-EZ 2012
- Location
- Sioux Falls, SD, USA
- Phone
- 6053363718
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Utilities
Reported finances
- Revenue
- $42,890
- Expenses
- $42,241
- Assets
- $60,124
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
8 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To educate community members and visitors and promote the appreciation of the history of the community, particularly as it relates to the falls of the big sioux river where the community began.
What it reported doing in 2012
Promote the appreciation of the history of the city of sioux falls and educate the public about the substantial role that the waterfalls of the big sioux river played in the organization, settlement and later development of the city. The falls park sound and light show is shown every night one-half hour after sunset from memorial day weekend through labor day weekend, weather permitting. It is attended by over 60,000 people each summer.
Operating model
- Revenue model
- Earned-program. 99% 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 82
- Sustainability: 41
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.5%; rating input score 88
- Program expense ratio: 90.6%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.5%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 1.42; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: -13.3% per year; rating input score 0; 32nd percentile among comparable filings
- Revenue growth: -20% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: -4.8% per year; rating input score 0; 35th percentile among comparable filings
Details
- Where the money goes: 88.5% of revenue deployed · 90.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $38K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2010 to 2012
- 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 50/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.