Madam Walker Legacy Center Inc Fka Madame Walker Urban Life Center
Nonprofit profile at a glance
- EIN
- 310970108
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-T 2023
- Location
- Indianapolis, IN, USA
- Phone
- 3172362099
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $1,736,471
- Expenses
- $1,937,224
- Assets
- $22,992,376
- Liabilities
- $7,609,932
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- KRISTIAN LITTLE STRICKLEN (ENTITY PRESIDENT)
Highest reported compensation
- KRISTIAN LITTLE STRICKLEN (ENTITY PRESIDENT): $125,244 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The madam walker legacy center was organized to restore, renovate, maintain, operate and lease space in the walker building which is used for educational, charitable, historical and cultural purposes.
What it reported doing in 2024
To restore, renovate, maintain, operate and lease space in the walker building which is used for educational, charitable, historical, and cultural purposes.
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.
- 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 total spending goes to programs and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.5%; rating input score 61
- Program expense ratio: 47%; rating input score 47
- Fundraising efficiency: $14.61 raised per $1 spent on fundraising; rating input score 50; 50th 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: 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: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -11.6%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 11.87; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 6.5%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 8.2% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 10.2% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 15.6% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 61.5% of revenue deployed · 47% of spending went to programs
- Governance: 17 of 17 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $911K in reported program spending
- Leadership: top reported pay $125K · 18 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Program expense ratio scored 47/100.
- Review — Financial Efficiency: Fundraising efficiency scored 50/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.