Lincoln Arts Council
Nonprofit profile at a glance
- EIN
- 476046691
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Lincoln, NE, USA
- Phone
- 4024342787
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $282,970
- Expenses
- $187,171
- Assets
- $143,871
- Liabilities
- $167
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JOHN BADAMI (PRESIDENT)
Highest reported compensation
- ROBERT GOLDBERG (EXECUTIVE DI): $37,377 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promote art/culture in lincoln
What it reported doing in 2024
Provide support, assistance, and funding to artists and art organizations
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.
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: 42
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 59
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 34.9%; rating input score 35
- Program expense ratio: 51.2%; rating input score 51
- Fundraising efficiency: $13.28 raised per $1 spent on fundraising; rating input score 47; 47th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 33.9%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 20%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 10.3% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: -1.4% per year; rating input score 0; 20th percentile among comparable filings
Details
- Where the money goes: 34.9% of revenue deployed · 51.2% of spending went to programs
- Governance: 11 of 11 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $96K in reported program spending
- Leadership: top reported pay $37K · 12 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 11 filing years from 2014 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 — Financial Efficiency: Mission deployment rate scored 35/100.
- Review — Financial Efficiency: Program expense ratio scored 51/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 47/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- High — Sustainability: Officer compensation ratio scored 19/100.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.