Hastings Prescott Arts Council
Nonprofit profile at a glance
- EIN
- 270584518
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2015
- Location
- Hastings, MN, USA
- Phone
- 6514378678
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $74,559
- Expenses
- $47,973
- Assets
- $83,690
- Liabilities
- $5,645
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- KATHY O'KEEFE (PRESIDENT)
People named in this filing
- KATHY O'KEEFE (PRESIDENT)
- SCOTT NORTHARD (TREASURER)
- CASEY JOHNSON (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To foster the arts in the hastings and prescott communities.
What it reported doing in 2024
Hpac sponsors or hosts many arts and culture related programs in the hastings, mn, and prescott, wi, local area. Hpac is the major sponsor for the cost of hosting tuesday coffee concerts at the hastings arts center, featuring many acclaimed musical artists from many different genres. Hpac also has contributed to the hastings arts center piano fund for the purchase of their steinway concert piano. Hpac financially supports a local writers guild, a group of authors who meet to share writing techniques and stories. This group provides free writing courses. Hpac supports the spark program, a summer arts program for school age kids which provides opportunities for artists and teachers to share their skills with the children. Hpac operates the orange dragon art gallery (odag) in prescott, wi, providing a venue where local artists can display and sell their work. Odag hosts artist exhibitions for artists, including artwork from the local high school. Hpac has also worked with residents of the hastings artist lofts to develop and create an independent art gallery to show and sell the artwork for the 30+ residents of their building. Hpac provides scholarships each year to art and music students who could not otherwise afford them. These include private music lessons, high school show choir fees, etc. Hpac also provides financial support for the black dirt theatre group, the lumin theatre lab and the sod house theatre. Hpac acts as a fiscal sponsor for several local arts and cultural organizations, including the river valley band, a multigenerational community band.
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 73% for direct work, and 27% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 82
- Sustainability: 67
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.7%; rating input score 53
- Program expense ratio: 81.7%; rating input score 82
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 35.7%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 1.74; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -2.4% per year; rating input score 0; 41st percentile among comparable filings
- Revenue growth: 2.5% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: -3.1% per year; rating input score 0; 28th percentile among comparable filings
Details
- Where the money goes: 52.7% of revenue deployed · 81.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $39K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 53/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.