Heritage Fine Arts Guild of Arapahoe County
Nonprofit profile at a glance
- EIN
- 846117011
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2015
- Location
- Centennial, CO, USA
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $13,514
- Expenses
- $13,938
- Assets
- $38,413
- Liabilities
- $488
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Lynn Hegstrom (President)
- Beatrice Drury (1st Vice President)
People named in this filing
- Lynn Hegstrom (President)
- Beatrice Drury (1st Vice President)
- Sue Bracken (2nd Vice PresidentMembership)
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
Fine arts activities for the community
What it reported doing in 2024
Presented 4 juried art shows representing artists from throughout the state including both Guild members and non-members. One of the shows was open to the public for entry by any artist. A small entry fee was charged for 3 of the shows. Professional artists served as jurors and were paid an honorarium. Award winners received modest cash prizes and or donated in-kind prizes.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 82
- Sustainability: 50
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.9%; rating input score 76
- Program expense ratio: 73.4%; rating input score 73
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -3.1%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 2.76; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 8.1% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 0.6% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: -3% per year; rating input score 0; 29th percentile among comparable filings
Details
- Where the money goes: 75.9% of revenue deployed · 73.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $10K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- 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.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.