Lillian and Coleman Taube Museum of Art
Nonprofit profile at a glance
- EIN
- 450309815
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Minot, ND, USA
- Phone
- 7018384445
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Standard
Reported finances
- Revenue
- $378,357
- Expenses
- $218,595
- Assets
- $933,237
- Liabilities
- $11,062
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Rachel Alfaro (Executive Director)
- Amanda Schlieman (President)
- Eric Suwall (Vice President)
Highest reported compensation
- Rachel Alfaro (Executive Director): $54,306 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promotion of the visual arts through art exhibits, shows and classes.
What it reported doing in 2024
Our Gallery on Wheels program coordinates with the individual classroom teachers and principals in the Minot Public School system to schedule a Taube Museum of Art instructor to bring an art project to each of the classrooms in the community free of charge in the fall and the spring, reaching 4000 students twice. We visit about the museum, our role in the community, and present the featured art project. Our presenters teach the students about the new materials, techniques, and information about artists in our society. A related hands on art lesson follows each presentation. Each year the project changes to feature a different famous artist. The purpose is to develop an awareness and appreciation for the artists in our society and expose children to various art materials and techniques. We held 267 sessions in 2024.
Operating model
- Revenue model
- Donor-supported. 62% of the money available for current operations came from contributions and gifts.
- 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 most voting board members are independent. 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: 31
- Transparency & Controls: 94
- Accountability: 79
- Sustainability: 71
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 20.5%; rating input score 21
- Program expense ratio: 34.9%; rating input score 35
- Fundraising efficiency: $27.54 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 26th 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: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 42.2%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 4.27; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 24.8%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: -6.8% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: 7.5% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 2% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 20.5% of revenue deployed · 34.9% of spending went to programs
- Governance: 9 of 9 board members independent · 4 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $21K in reported program spending
- Leadership: top reported pay $54K · 10 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 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.
- High — Financial Efficiency: Mission deployment rate scored 21/100.
- Moderate — Financial Efficiency: Program expense ratio scored 35/100.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 15/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.