Herndon Foundation for the Cultural Arts Dba Arts Space Herndon

Nonprofit profile at a glance

EIN
200084559
IRS 990 coverage
2013–2015
Forms available
Form 990 2015, Form 990-EZ 2012
Location
Herndon, VA, USA
Phone
7036261066
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$135,133
Expenses
$141,848
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • J HARLON REECE (President)
  • CESAR DEL AGUILA (President)
  • MERCIA HOBSON (Vice President)

People named in this filing

  • J HARLON REECE (President)
  • EILEEN CURTIS (Director)
  • SHARON NACHMAN (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. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The herndon foundation for the cultural arts was created to promote andsupport the creation of a cultural arts center in downtown herndon, Virginia our mission is to establish and sustain a permanent arts centerthrough leadership, advocacy, fund raising, programming, policy setting andoperation the herndon arts center will be an iconic gathering place, acenterpiece of the community, with quality art exhibits, performances, activities and educational opportunities supporting excellence and growthin artistic expression while reflecting the interest and needs of thediverse population of the town of herndon, fairfax county and beyond.

What it reported doing in 2015

The herndon foundation for the cultural arts operates and manages artspaceherndon, a small arts center in the town of herndon during the year.similar to prior years, exhibitions by a variety of over 150 artists were produced and attended by over 11,000 visitors with accompanying artist receptions and gallery talks, in addition, classes and workshops were offered for youth and adults throughout the year. We produced or sponsored over 15 public events during the year attended by an estimated 3,000 patrons programs were as varied as senior teas for our senior citizens, book looks for young children, design and wine evenings, musical performances. Our signature events included hands-on-art, live entertainment and an annual painting competition to celebrate the arts another community event which we sponsor is our new years eve celebration featuring local entertainers and a community bonfire. In addition, the foundation advocates for and raises funds for a permanent arts center that will bring together the visual and performing arts the foundation also participates in the town's process for developing the downtown area, advising elected officials and developers regarding arts friendly spaces. We undertook some special fund raising activities to allow us to build resources to contribute to the future costs of outfitting a herndon arts center. In total the number of patrons visiting artspace herndon exceeded 14,000 and works by over 300 artists and performers were exhibited or performed.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and program spending 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: 48
  • Transparency & Controls: 100
  • Accountability: 45
  • Sustainability: 23
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55%; rating input score 55
  • Program expense ratio: 52.4%; rating input score 52
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 66.7%; rating input score 67; 16th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • 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: Pass
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -5%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 73; 73rd percentile among comparable filings

Growth

  • Program expense growth: 31.5% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 20.3% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: -8.3% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 55% of revenue deployed · 52.4% of spending went to programs
  • Governance: 6 of 9 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $74K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2013 to 2015
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • Review — Financial Efficiency: Program expense ratio scored 52/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.