Freeman Arts Pavilion Inc

Nonprofit profile at a glance

EIN
810917191
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-EZ 2016
Location
Selbyville, DE, USA
Phone
3024363015
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$5,227,780
Expenses
$830,964
Assets
$29,866,963
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • MICHELLE FREEMAN (CHAIR/PRESIDENT)
  • CHRISTINE SHREVE (VICE PRESIDENT/DIRECTOR)
  • PATTI GRIMES (EXECUTIVE DIRECTOR)

Highest reported compensation

  • PATTI GRIMES (EXECUTIVE DIRECTOR): $305,964 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Freeman arts pavilion, inc., is a supporting organization of the joshua m. Freeman foundation whose mission is advancing arts access for all through performance, education and advocacy.

What it reported doing in 2024

Joshua m. Freeman foundation (jmff) established a not-for-profit supporting organization named the freeman arts pavilion, inc. The primary activity of the supporting organization is the construction and ownership of a new larger performing arts venue that will directly further the mission of joshua m. Freeman foundation, expand programming and accommodate larger audiences.the board of directors of jmff also serves as the board of directors of the freeman arts pavilion, inc. In 2020, the board elected to implement a multi-phase plan for the new venue with an objective to become the premier performing arts facility in the region. In may 2023, the venue proudly opened a brand new box office and covered pavilion entry. When the venue is complete in two to three years, it will accommodate approximately 4,000 patrons, with fixed seats and lawn seating. The final facility will include a larger permanent stage structure to better accommodate a wider variety of touring artists and will feature state-of-art sound and lighting and video capabilities. Permanent backstage spaces for artists and crew (dressing rooms, lounge, and production offices) are planned as well as ample parking for tours. Construction is planned to allow programming at the venue to occur without interruption.

Operating model

Revenue model
Affiliate-supported. 86% of the money available for current operations came from contributions from related organizations.
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.

The verdict

SUPPORTED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 46
  • Transparency & Controls: 65
  • Accountability: 100
  • Sustainability: 95
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 24.8%; rating input score 25
  • Program expense ratio: 97.1%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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: 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: Pass

Sustainability

  • Operating margin: 84.1%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 35.94; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 2.5%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: 33.6% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 22.4% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 27.4% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 24.8% of revenue deployed · 97.1% of spending went to programs
  • Governance: 12 of 12 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $807K in reported program spending
  • Leadership: top reported pay $306K · 16 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.8M reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 5 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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: Mission deployment rate scored 25/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.