Franconia Sculpture Park Legeros
Nonprofit profile at a glance
- EIN
- 411843609
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Shafer, MN, USA
- Phone
- 6512576668
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Visual Arts Organizations
Reported finances
- Revenue
- $484,112
- Expenses
- $819,163
- Assets
- $3,263,917
- Liabilities
- $437,634
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Highest reported compensation
- ALEX LEGEROS (EXECUTIVE DI): $101,663 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Franconia sculpture park is the pre-eminent, artist-centered sculpture park in the midwest. Founded in 1996, franconia provides physically and intellectually wide-open spaces that inspire new ways of thinking through access to contemporary sculpture, installation and land art. Located in the scenic st. Croix river valley.
What it reported doing in 2024
Engagement: franconia operates a 50-acre outdoor museum that includes franconia commons, a 7,000 sq. Foot visitor center, education space, gallery and gift shop. Our activities cultivate critical dialogue between artists and audiences; support artists through the production and presentation of new, experimental work; and educate artists and audiences of tomorrow. Franconia applies creative solutions to the problems of today and tomorrow through the vehicle of contemporary sculpture. We create bold programming that is ambitious, innovative, and that is responsive to the wants and needs of artists and our community. Moreover, we aim to create a welcoming, inviting space for all visitors to learn more about art, the environment, and the changing world we live in. Franconia is free and open to the public 365-days a year, and serves more than 110,000 adults and 75,000 youths annually. We are proud to share franconia paid 235 artists last year through our programs. This is reflected in the balance between education, engagement, and residencies last year.
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 70%; rating input score 70
- Fundraising efficiency: $3.15 raised per $1 spent on fundraising; rating input score 14; 14th 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: 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: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -69.2%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 3.98; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 12.4%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: 4% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 0.9% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 70% of spending went to programs
- Governance: 10 of 10 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $573K in reported program spending
- Leadership: top reported pay $102K · 10 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 4 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
- 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.
- High — Financial Efficiency: Fundraising efficiency scored 14/100.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- High — Sustainability: Officer compensation ratio scored 27/100.