Hawthorne Arts Collaborative
Nonprofit profile at a glance
- EIN
- 932224028
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Belfast, ME, USA
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $373,179
- Expenses
- $393,922
- Assets
- $1,091,160
- Liabilities
- $1,004,877
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Highest reported compensation
- Kyle Walton (Executive Dir.): $60,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promote and preserve the legacy of the historic Colonial Theatre as a historic cinema and theatre. Promote and provide for the cultural and artistic education of persons of all ages through presentation of film, live performance, fostering partnerships, and nurturing creative community engagement across disciplines.
What it reported doing in 2024
Promote and support cultural and artistic education for people of all ages through the presentation of film, live performance, and other forms of artistic expression.Promote and support public education through the presentation of films and panel discussions that address issues of importance to the residents of mid-coast Maine.Preserve, protect, and operate the historic Colonial Theatre, listed on the National Register of Historic Places, and serving as an important cultural landmark in mid-coast Maine.Promote and support the education and development of filmmakers and other artists across a variety of disciplines.Through its stewardship of the Colonial Theatre, Hawthorne Arts Collaborative provides affordable, accessible cultural experiences to residents of Waldo County and beyond. As the only multi-screen cinema and performance venue of its kind in the area, the Colonial Theatre serves as a vital cultural hub. Hawthorne Arts Collaborative curates inclusive programming designed to reflect and engage the full diversity of our community. In 2024, Hawthorne Arts Collaborative programmed over 125 films and events at the Colonial Theatre, which served over 21,000 attendees of all ages. Of these events, twenty four events featured emerging filmmakers, many with in-person Q&As and panel discussions. There were also eleven live performances and community events. Community partners and area students were engaged in many programs and events across disciplines.
Operating model
- Revenue model
- Earned-program. 80% of the money available for current operations came from fees and other program revenue.
- 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. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 36
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.2%; rating input score 85
- Program expense ratio: 80.6%; rating input score 81
- Fundraising efficiency: $3.14 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 2 of 8 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -5.6%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 2.77; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 15.2%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 137.5% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 73.7% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: -1.8% per year; rating input score 0; 18th percentile among comparable filings
Details
- Where the money goes: 85.2% of revenue deployed · 80.6% of spending went to programs
- Governance: 6 of 6 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $318K in reported program spending
- Leadership: top reported pay $60K · 6 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 14/100.
- High — Sustainability: Operating margin scored 28/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- High — Sustainability: Officer compensation ratio scored 24/100.