For the Love of the Arts Inc
Nonprofit profile at a glance
- EIN
- 474750291
- IRS 990 coverage
- 2025–2025
- Forms available
- Form 990 2025, Form 990-EZ 2024, Form 990-N 2021
- Location
- Lake Station, IN, USA
- Phone
- 3127748653
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $400,337
- Expenses
- $391,577
- Assets
- $9,512
- Liabilities
- $23,677
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- SADE CARRASQUILLO (PRESIDENT)
Highest reported compensation
- SADE CARRASQUILLO (PRESIDENT): $66,795 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To bring the arts to an under served community and to help those who need it to rehabilitate themselves through the arts.
What it reported doing in 2025
For the love of the Arts program provided afterschool programming for children as well as children and adult art classes and productions on the weekends and throughout the summer
Operating model
- Revenue model
- Donor-supported. 84% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 35
- Transparency & Controls: 81
- Accountability: 26
- Sustainability: 23
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 38.7%; rating input score 39
- Program expense ratio: 39.6%; rating input score 40
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 10th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- 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: 2.2%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 2.49; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 17.1%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 42.3% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: -69.2% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 38.7% of revenue deployed · 39.6% of spending went to programs
- Governance: 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $349K in reported program spending
- Leadership: top reported pay $67K · 1 people listed
- Consistency: 21 of 23 current checks pass · 2 findings to review
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 2 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
- Moderate — Financial Efficiency: Program expense ratio scored 40/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 21/100.