Grand Foundation

Nonprofit profile at a glance

EIN
943327852
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-EZ 2021
Location
Tracy, CA, USA
Phone
2098353900
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
Theater

Reported finances

Revenue
$51,548
Expenses
$59,345
Assets
$530,311
Liabilities
$38

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

Leadership & pay

3 people listed

Executive titles in this filing

  • CYNTHIA SOUZA (President)

Highest reported compensation

  • LINDSAY CIASTKO (ADMINISTRATIVE ASSISTANT): $19,822 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 grand foundation, formerly known as the arts leadership alliance, was formed and organized to serve the city of tracy as the principal fundraiser for the center for the arts and its associated programs. Its activites include developing and implementing programs which foster the broadest possible public use of the center of the arts and cooperating with the city of tracy in promoting the public's use of all the city's cultural arts programs at the center of arts.

What it reported doing in 2024

The heart exhibit presented is to celebrate public art, engage art community interest, promote exposure to local business and draw visitors from around central valley and bay area.

Operating model

Revenue model
Membership-supported. 65% of the money available for current operations came from membership dues.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 41
  • Transparency & Controls: 86
  • Accountability: 58
  • Sustainability: 44
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.1%; rating input score 54
  • Program expense ratio: 33.1%; rating input score 33
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 85.7%; rating input score 86; 5th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th 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; 64th percentile among comparable filings
  • Governance controls: 0 of 7 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -15.1%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 8.94; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 33.4%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -4.8% per year; rating input score 0; 38th percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 17.7% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 54.1% of revenue deployed · 33.1% of spending went to programs
  • Governance: 6 of 2 board members independent · 0 of 7 filing controls reported
  • Programs: 7 filed program accomplishments · $20K in reported program spending
  • Leadership: top reported pay $20K · 3 people listed
  • Consistency: 20 of 22 current checks pass · 2 findings to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 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.

  • Review — Financial Efficiency: Mission deployment rate scored 54/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 33/100.
  • High — Accountability: Governance controls: 6 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.