Hemispheres Art Academy
Nonprofit profile at a glance
- EIN
- 010605409
- IRS 990-EZ coverage
- 2012–2017
- Forms available
- Form 990-EZ 2017
- Location
- Gold River, CA, USA
- Phone
- 9167640400
- Rating confidence
- Limited
- Sector
- Arts Education
Reported finances
- Revenue
- $0
- Expenses
- $3,886
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Robert K Fong (CEO)
People named in this filing
- Robert K Fong (CEO)
- Lisa Nava (Secretary)
- Catherine Ann Miller (Treasurer)
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 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Hemispheres Arts Academy is a non-profit organization dedicated to provide funds for visual & performing arts instruction for school age children in the greater Sacramento region.Hemispheres Arts Academy exists as a grant funding organization partnering with other non-profits and school districts who are committed to proving programs which allow children to have an educational experience infused by the magic and creativity of the visual and performing arts.
What it reported doing in 2017
Due to a significant decrease in grants, gifts, contributions and other funding, Hemispheres was forced to suspend art instruction program activities during the Summer and Fall of 2004 until volunteer fundraising could produce enough income to support those art instruction programs, as well as minimal operating expenses.The organization has since held highly successful fundraising events known as Roast for the Arts. These events have provided funds allowing the organization to begin making grants to other local non-profit organizations supporting their art education programs for children. Those grants totaled $100,000 for FYE 2017, which was comprised of a single grant, which liquidated the organizations assets.The organization has made a liquidating distribution/contribution to another local 501(c)(3) organization (MEP Career Pathway Academies), for the purpose of supporting that entities efforts to continue supporting art education.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 7
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 41.5% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: -34.6% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: -26.5% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $100K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 4 of 4 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2012 to 2017
- Contacts: How to reach this organization
- 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.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.