Madcap Productions

Nonprofit profile at a glance

EIN
311123910
IRS 990 coverage
2010–2017
Forms available
Form 990 2017
Location
Cincinnati, OH, USA
Phone
5139215965
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$184,729
Expenses
$263,298
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • PAUL STAUBITZ (VICE PRESIDENT)
  • JUNE HILL (PRESIDENT)
  • DYLAN SHELTON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • DYLAN SHELTON (EXECUTIVE DIRECTOR): $27,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Madcap productions puppet theatre is a national touring company that creates high quality live puppet theatre entertainment and education for young audiences.

What it reported doing in 2017

Based in cincinnati, Ohio, madcap puppet theatre is nationally known for its original, high quality children's theatre productions and for professional and effective educational programs that include performances, workshops, residencies and special programming that addresses such issues as conflict resolution, health, safety, environment and social concerns. In partnership with schools across the country, madcap brings art to children to enhance their education with life-enriching performances drawn from world literature and cultures. In collaborations with symphonies, museums, opera and ballet, madcap brings a richly textured artistic experience to children and their families throughout the country. In it's 35 year history millions of (continued on schedule o)

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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and the required major-donor schedule is missing or incomplete.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 75
  • Accountability: 90
  • Sustainability: 7
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.8%; rating input score 84
  • Program expense ratio: 58.8%; rating input score 59
  • Fundraising efficiency: $2.33 raised per $1 spent on fundraising; rating input score 11; 11th 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: No; rating input score 0
  • 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: Pass
    • 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: -42.5%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 10.4%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: -16.6% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -9.2% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: -4% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 83.8% of revenue deployed · 58.8% of spending went to programs
  • Governance: 16 of 16 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $155K in reported program spending
  • Leadership: top reported pay $28K · 16 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 8 filing years from 2010 to 2017
  • 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.

  • Review — Financial Efficiency: Program expense ratio scored 59/100.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 11/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.