For Love & Art
Nonprofit profile at a glance
- EIN
- 453765824
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Dallas, TX, USA
- Phone
- 8554278669
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Visual Arts Organizations
Reported finances
- Revenue
- $157,077
- Expenses
- $141,619
- Assets
- $77,558
- Liabilities
- $26,570
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Kym Shaw Day (Former Executive Director)
- Mark Lombard (Acting Executive Director)
Highest reported compensation
- Kym Shaw Day (Former Executive Director): $53,125 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
For Love & Art brings the Art Experience to those with limited mobility. We stimulate art appreciation while empowering caregivers to love people in creative and transformative ways. Since 2010, we've excelled at transforming the quality of life for seniors and hospice. For Love & Art is in the business of healing, rejuvenating, and 'dusting' broken spirits - even if just for a little while - through simple human love, therapeutic engagement, digital technology, and the preternatural power of art. For Love & Art brings treasures from fine museums from around the world - among the greatest works of genius the world has ever known - directly into the hearts of our communities. To hospices. To hospitals. To Senior Living. To VA Medical Centers. To family.
What it reported doing in 2024
In "Celebrating the Art Experience," trained FL&A volunteers visit senior communities and showcase a particular collection on the big-screen television while actively engaging audience members to share their experience (e.g., express their thoughts and feelings) while viewing. All points of view are considered, validated, and appreciated. Through sharing of experiences, fear, loneliness, and boredom transform into Beauty, Joy, and Magic of Life for each participant. The context here is not to educate, but to uplift the quality of life psychosocially, cognitively, spiritually, and physically. Our Virtual Museum ArtBooks contain nearly 2,000 digitized artworks compartmentalized by each museum. After being custom dedicated to donor specifications, these digital ArtBooks are endowed to hospices and used by volunteers bedside. Given that one's experience, while viewing art is comprised of 20% of what's actually there and 80% of one's creative and fertile imagination, people tend to share matters in their lives that are very important to them. This level of intimacy and trust between caregivers and those they serve is a necessary prerequisite for inducing meaningful end-of-life conversations. It supplants any fear of dying with gratitude for having lived a wonderful life.
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 92
- Accountability: 60
- Sustainability: 38
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.3%; rating input score 58
- Program expense ratio: 64.6%; rating input score 65
- Fundraising efficiency: $5.35 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 66.7%; rating input score 67; 18th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: 9.8%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0.55; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.34; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 37.5%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: -12.7% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 8% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 58.3% of revenue deployed · 64.6% of spending went to programs
- Governance: 4 of 6 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $92K in reported program spending
- Leadership: top reported pay $53K · 7 people listed
- Consistency: 40 of 41 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 2 filing years from 2022 to 2024
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 24/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 7/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.