Lake County Rural Arts Initiative Inc
Nonprofit profile at a glance
- EIN
- 823588315
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Kelseyville, CA, USA
- Phone
- 5709035011
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $12,500
- Expenses
- $15,153
- Assets
- $37,711
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- MEGAN LANKFORD (President)
- ABBY LEUTHOLDT (Vice President)
People named in this filing
- MEGAN LANKFORD (President)
- MARTHA MINCER (Treasurer/ Sec.)
- ABBY LEUTHOLDT (Vice President)
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
Lake County Rural Arts Inintiative's mission is to be a catalyst for arts and culture as a driving force in Lake County's economic development and cultural enrichment/education (important to everyone, especially our children). LCRAI will partner with our community and schools to promote & brand Lake County as an arts & culture destination. LCRAI will work to support and fund current and new arts spaces & studios; create a strong accessible arts community with "map and directory, build economic clusters ("hiveries" - cultural/arts facilities linked with local businesses) and create unique arts installations (i.e., the mural trail)and arts celebrations e.g., art & flm festivals.
What it reported doing in 2024
Donations to non profit art-partnerships
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
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 87.7%; rating input score 88
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -21.2%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 2.49; rating input score 70; 70th 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: 9.3% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 1.3% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 17.8% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 87.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $13K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2018 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.
- High — Sustainability: Operating margin scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.