Ix Art Park Foundation

Nonprofit profile at a glance

EIN
833099795
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Charlottesville, VA, USA
Phone
4342493274
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$544,894
Expenses
$494,848
Assets
$1,240,404
Liabilities
$152,020

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • SUSAN KUTTNER (PRESIDENT)
  • MICHAEL CAPLIN (VICE-PRESIDENT)
  • EWA HARR (EXECUTIVE DIRECTOR)

Highest reported compensation

  • EWA HARR (EXECUTIVE DIRECTOR): $80,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To help build healthy communities by providing accessible artistic experiences that spark creativity and inspiration in people's everyday lives.

What it reported doing in 2024

The foundation emphasizes artistic excellence with an array of curated art installations as well as free art supplies to encourage people of all ages to engage in their own form of artistic expression. In 2022, the ix art park welcomed over 290,000 visitors. In addition, the foundation built the looking glass, Virginia's first permanent immersive art experience. The looking glass has employed over 25 outstanding local and regional artists presenting visual arts in a new and innovative way, including interactive exhibits using sound, light, color and texture to activate the imagination and to appeal to all of the human senses. Ix art park also maintains a robust calendar of community events and festivals, which includes a weekly market that celebrates local artisans, producer-only farmers, women in business, immigrants, and bipoc entrepreneurs. Ix art park curates and maintains the mural and sculpture environment that make the outdoor piazza visually captivating and can serve as a passive art park for visitors or come to life during community events. Our goal is to be more inclusive to people of all backgrounds that we welcome to the park and the looking glass and to increase diverse and exceptional artist participation.

Operating model

Revenue model
Earned-program. 79% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 92
  • Accountability: 74
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.8%; rating input score 71
  • Program expense ratio: 81.7%; rating input score 82
  • Fundraising efficiency: $4.94 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • 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: 9.2%; rating input score 60; 60th percentile among comparable filings
  • Total-asset coverage ratio: 2.51; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 16.2%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 6.1% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: 31.4% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 70.8% of revenue deployed · 81.7% of spending went to programs
  • Governance: 10 of 10 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $404K in reported program spending
  • Leadership: top reported pay $80K · 11 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Accountability: Governance controls: 4 of 7 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.