Littleton Acorn Center Inc
Nonprofit profile at a glance
- EIN
- 992736382
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Littleton, NC, USA
- Phone
- 4846803724
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $549,318
- Expenses
- $600,827
- Assets
- $210,359
- Liabilities
- $265,323
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Debra Fitts (President)
Highest reported compensation
- Elizabeth Branham (Secretary): $82,800 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to provide and support facilities dedicated to arts education and instruction, while fostering knowledge and appreciation of the performing and theatrical arts. Through hosting musical and theatrical performances, we aim to inspire community engagement and promote a lifelong interest in the study and celebration of the arts.
What it reported doing in 2024
The Center will organize and sponsor educational programming that will include events such as art gallery talks, dance and acting performances, painting and music classes, and other family-oriented events centered around the arts.
Operating model
- Revenue model
- Donor-supported. 72% 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.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 100
- Accountability: 70
- Sustainability: 17
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.8%; rating input score 75
- Program expense ratio: 63.1%; rating input score 63
- Fundraising efficiency: $10.8 raised per $1 spent on fundraising; rating input score 40; 40th 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: 66.7%; rating input score 67; 14th 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -9.4%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 1.26; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 13.8%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 74.8% of revenue deployed · 63.1% of spending went to programs
- Governance: 2 of 3 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $379K in reported program spending
- Leadership: top reported pay $83K · 3 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 3 filed related-organization links
- 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: Fundraising efficiency scored 40/100.
- High — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Sustainability: Officer compensation ratio scored 26/100.