Laurentian Arts and Culture Alliance
Nonprofit profile at a glance
- EIN
- 411902528
- IRS 990-EZ coverage
- 2019–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2012
- Location
- Virginia, MN, USA
- Phone
- 2187415577
- Rating
- 36
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $97,466
- Expenses
- $137,735
- Assets
- $263,076
- Liabilities
- $1,856
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- Paul Gregerson (Executive Director)
People named in this filing
- Paul Gregerson (Executive Director)
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 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To Promote the arts and culture in the surrounding community
What it reported doing in 2022
0
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up. 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: 0
- Transparency & Controls: 82
- Sustainability: 30
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -41.3%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 1.91; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 28.3%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: -45.9% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: 14.4% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: -5.2% per year; rating input score 0; 24th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2019 to 2022
- 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.
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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 16/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 7/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.