Friends of the Cultural Center Inc

Nonprofit profile at a glance

EIN
952834871
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Palm Desert, CA, USA
Phone
7603466505
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Performing Arts Centers

Reported finances

Revenue
$22,850,242
Expenses
$20,483,098
Assets
$58,947,422
Liabilities
$10,133,901

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

Leadership & pay

56 people listed

Executive titles in this filing

  • Mitchell Gershenfeld (President & CEO (THRU 8/2024))
  • Yvonne Bell (CEO)
  • Robert McConnaughey (President/CFO)

Highest reported compensation

  • Mitchell Gershenfeld (President & CEO (THRU 8/2024)): $485,832 total reported compensation
  • Yvonne Bell (CEO): $344,002 total reported compensation
  • Robert McConnaughey (President/CFO): $336,728 total reported compensation

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

Overview

Mission

The McCallum Theatre's mission is to entertain and educate the public by offering a variety of performing arts experiences that reflect the diversity of people, interests, and tastes of the communities and constituents served by the theatre.

What it reported doing in 2024

Provided a variety of performing arts experiences that reflect the diversity of people, interests, and tastes of the communities and constituents served by the theatre. Provided entertainment and educated the public through the performing arts, with a focus on serving the youth of the Coachella Valley. Promoted and ensured the financial health of the theatre and its long-term viability as a cultural institution by operating efficiently and building a broad base of community support, and worked collaboratively with other arts and community organizations in the Coachella Valley. by operating efficiently and building a broad base of community support, and worked collaboratively with other arts and community organizations in the Coachella Valley.

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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 89
  • Accountability: 98
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.1%; rating input score 67
  • Program expense ratio: 71.3%; rating input score 71
  • Fundraising efficiency: $2.8 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95.6%; rating input score 96; 29th percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.4%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 2.88; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 9.5%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 2.7% per year; rating input score 100; 24th percentile among comparable filings
  • Revenue growth: 4.9% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 8.7% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 67.1% of revenue deployed · 71.3% of spending went to programs
  • Governance: 43 of 45 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $14.6M in reported program spending
  • Leadership: top reported pay $486K · 56 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.7M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 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: Fundraising efficiency scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.