Long Meadow Art Residency Inc

Nonprofit profile at a glance

EIN
864002324
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
New Marlborough, MA, USA
Phone
6468841488
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$106,565
Expenses
$143,278
Assets
$1,220,740
Liabilities
$81,000

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

People named in this filing

  • DAVID FELDMAN (CHAIRMAN)
  • JENNIFER FELDMAN (VICE - CHAIRMAN)
  • ADAM ALTMAN (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The long meadow art residency was conceived in 2021 with the aim of supporting artists who create their art using diverse mediums and through a range of disciplines.

What it reported doing in 2024

The long meadow arts residency ("lmar") is a place where artists from diverse backgrounds create and practice their craft of drawing, painting, sculpture, mosaic, photography, film, video, or interdisciplinary practices and beyond. The goal attained during the residency is to provide aspiring artists the opportunity to live and work outside of their usual home space, affording them time for reflection, research, discovery, and focus in a stress-free environment in order to emerge accomplished in their creations. This supports the impassioned artist's quality of life and career development in all creative disciplines. (see schedule o). The location was specifically chosen for the spectacular landscape of rolling hills, lakes, and farms drawing upon the deep history of art and creativity. The berkshires, home to a myriad of art, theater, dance, music, film and historic sites and known for its natural beauty and ease of use is home to iconic locations such as tanglewood for music and jacob's ladder for modern dance.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 94
  • Accountability: 76
  • Sustainability: 41
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 86.8%; rating input score 87
  • Fundraising efficiency: Limited

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: 100%; rating input score 100; 80th percentile among comparable filings
  • 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: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -34.5%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 8.52; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 61.3% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: -80.9% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -0.1% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 86.8% of spending went to programs
  • Governance: 10 of 10 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $124K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2022 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.