Faubourg Theatre Inc
Nonprofit profile at a glance
- EIN
- 364126464
- IRS 990 coverage
- 2015–2019
- Forms available
- Form 990 2019, Form 990-EZ 2014
- Location
- Hanover Park, IL, USA
- Phone
- 6302893030
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Centers
Reported finances
- Revenue
- $152,113
- Expenses
- $191,083
- Assets
- $19,332
- Liabilities
- $12,951
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
4 people listed
Highest reported compensation
- WATAMORA CASEY (EXECUTIVE DI): $16,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Faubourg theatre engages and empowers young people and families through equity and excellence in programming in the performing arts and education, bridging and strengthening cultures and communities. Faubourg theatre teaches, prepares and mentors children in various dance repertoire, with a focus on classical ballet. The theatre's unique pedagogy includes individualized dance instruction, emphasizing dancer-instructor connection to differentiate needs. Along with pre-professional training classes, performance and competition preparation are core features of the ballet arts academy. Faubourg theatre performs throughout the community and provides literacy through the arts programming on site and at local schools.
What it reported doing in 2019
Faubourg theatre also partners with keeneyville school district 20, implementing after school and summer programming. Integrating the arts and literacy. Faubourg theatre engages underserved youth and families through after school and summer enrichment programs. Faubourg theatre dancers participate as mentors and leaders with children at the local schools. The theatre's six-week literacy through the arts suumer enrichment program is a collaboration with district 20 teachers and administrators to improve reading comprehension and develop children's academic, social and emotional awareness through the arts.
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 92
- Accountability: 69
- Sustainability: 12
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.1%; rating input score 90
- 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -25.6%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.1; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.67; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 8.4%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 15% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 13.8% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 16.1% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 90.1% of spending went to programs
- Governance: 2 of 2 board members independent · 2 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $172K in reported program spending
- Leadership: top reported pay $16K · 4 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 5 filing years from 2015 to 2019
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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 — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Operating margin scored 11/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.