Fitchburg Art Museum
Nonprofit profile at a glance
- EIN
- 046111758
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Fitchburg, MA, USA
- Phone
- 9783454207
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Art Museums
Reported finances
- Revenue
- $2,378,081
- Expenses
- $2,154,265
- Assets
- $25,859,623
- Liabilities
- $64,902
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- NADINE PRICE (PRESIDENT)
- THOMAS DICONZA (VICE PRESIDENT)
Highest reported compensation
- NICHOLAS CAPASSO (MUSEUM DIRECTOR): $129,808 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the fitchburg art museum is to inspire creativity and learning, and to contribute to the well-being of our diverse communities in fitchburg, north central Massachusetts, and new england. To accomplish the mission, we organize exhibitions of the work of new england contemporary artists and artworks from our historical collections, offer programs for learners of all ages, support public art projects, invite community participation and partnerships, and stimulate the creative economy - all in the spirit of inclusivity.
What it reported doing in 2024
Collection and exhibitions: preserve and care for fitchburg art museum's permanent art collection; display permanent and temporary exhibitions for the education and enjoyment of the public; feature exhibitions of contemporary new england artists. / educational programs: provide learning opportunities for all ages in the galleries; artist and curator talks; public and school group tours; art classes; workshops; and teacher training. / community partnerships and engagement: partner with educational and civic organizations to create and sustain a livable and vibrant city and region; community outreach and accessibility initiatives; create economy initiatives.
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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 72
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.6%; rating input score 81
- Program expense ratio: 62.5%; rating input score 62
- Fundraising efficiency: $3.83 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 20th 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: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 9.4%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 12; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 6%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 6.7% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: 1.7% per year; rating input score 100; 18th percentile among comparable filings
Details
- Where the money goes: 80.6% of revenue deployed · 62.5% of spending went to programs
- Governance: 22 of 22 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $130K · 29 people listed
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 12/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.