Foundation for Cultural Arts in San Antonio Dba Las Casas Foundation

Nonprofit profile at a glance

EIN
742512597
IRS 990 coverage
2010–2020
Forms available
Form 990 2020
Location
San Antonio, TX, USA
Phone
2102234343
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Performing Arts Organizations

Official website

Reported finances

Revenue
$499,592
Expenses
$541,444
Assets
$15,329,965
Liabilities
$118,352

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

27 people listed

Executive titles in this filing

  • Kaye Lenox (CEO)
  • Kevin Parman (President)
  • Steve Johnson (Vice President)
  • Barbie O'Connor (Vice President)

Highest reported compensation

  • Kaye Lenox (CEO): $40,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Las Casas Foundation is dedicated to the development of the performing arts through education and scholarships and the restoration and preservation of historic theatres.

What it reported doing in 2020

Awarding of financial aid through the Las Casas Performing Arts Financial Aid Program to high school students in acting, musical dance and vocal categories and celebration of local talent at the annual Joci Awards

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and most voting board members are independent. The filing does not identify recipients for some grant dollars and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 62
  • Accountability: 95
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.9%; rating input score 97
  • Program expense ratio: 88.9%; rating input score 89
  • Fundraising efficiency: $12.6 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 3rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 0%; rating input score 0; 18th percentile among comparable filings
  • 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: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -8.4%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 28.31; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 7.4%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 11.7% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 8.3% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 0.3% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 96.9% of revenue deployed · 88.9% of spending went to programs
  • Governance: 26 of 26 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $481K in reported program spending
  • Leadership: top reported pay $40K · 27 people listed
  • Consistency: 25 of 27 current checks pass · 2 findings to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 11 filing years from 2010 to 2020
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • High — Sustainability: Operating margin scored 23/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.