Friends of Arts Education at the Cerritos Center for the Performing Arts

Nonprofit profile at a glance

EIN
330589998
IRS 990 coverage
2011–2014
Forms available
Form 990 2014
Location
Cerritos, CA, USA
Phone
5624678844
Rating
78
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Single Organization Support

Reported finances

Revenue
$162,326
Expenses
$366,514
Assets
$263,117
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • JIM EDWARDS (President)
  • HELENE TRUDEAU (EXECUTIVE DIRECTOR)
  • HELENE TRUDEAU (EXECUTIVE DIRECTOR)

Highest reported compensation

  • HELENE TRUDEAU (EXECUTIVE DIRECTOR): $42,000 total reported compensation
  • HELENE TRUDEAU (EXECUTIVE DIRECTOR): $42,000 total reported compensation
  • DANIEL VAN DER ROEST (DIR OF DEVELOPMENT): $25,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Friends of Arts Education at the Cerritos Center for the Performing Arts is a non-profit organization dedicated to enhancing education through high quality arts experiences.

What it reported doing in 2014

Provide educational programs to school children to enrich their exposure and understanding of the performing arts.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 94
  • Accountability: 84
  • Sustainability: 22
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 58%; rating input score 58
  • Fundraising efficiency: $2.13 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 24th 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: 5 of 8 controls in place; rating input score 62
    • 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: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -125.8%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.72; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 34.9%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 14.9% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: -16.8% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -16.6% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 58% of spending went to programs
  • Governance: 9 of 9 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $213K in reported program spending
  • Leadership: top reported pay $42K · 14 people listed
  • Highest-paid contractors: 5 contractors listed · $123K reported
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2011 to 2014
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Financial Efficiency: Program expense ratio scored 58/100.
  • High — Financial Efficiency: Fundraising efficiency scored 10/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.