Mainstreet Uptown Butte Inc
Nonprofit profile at a glance
- EIN
- 810527277
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Butte, MT, USA
- Phone
- 4064976464
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,315,521
- Expenses
- $1,353,130
- Assets
- $335,133
- Liabilities
- $80,351
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Tom Staples (President)
Highest reported compensation
- George Everett (Executive Dir.): $99,864 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mainstreet Uptown Butte works to rejuvenate Uptown Butte, Montana by embracing the transformative power of the arts to lead to economic vitality and cultural vibrancy, encouraging rich and diverse performing and visual arts. Mainstreet Uptown Butte applies the power of the arts to implement the four points of the Main Street Approach -- working to visually enhance Uptown Butte, encouraging commerce to contribute to a vibrant Uptown economy, promoting Uptown's assets including businesses and attractions with a goal of preserving historic resources, and striving to work with organizations with similar goals.
What it reported doing in 2024
Each year, Mainstreet Uptown Butte, Inc. features performances and demonstrations by over 200 of the nation's finest musicians, dancers and craftspeople through the Montana Folk Festival. The festival showcases multiple performances by more than 20 artists/groups on six stages including a dance pavilion dedicated to participatory dancing, a family stage with performances appealing to children of all ages, and a Montana folklife stage. In addition to the performance stages, there are several themed festival areas: the Montana Folklife Area, the Family Area, two Festival Marketplaces and the Festival Food Courts. Admission throughout the three-day festival is free for everyone. The festival attracts an estimated 170,000 visitors annually to Butte, Montana's National Historic Landmark District.
Operating model
- Revenue model
- Donor-supported. 81% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 25
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.9%; rating input score 99
- Fundraising efficiency: Limited
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: 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: -2.9%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.25; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 7.4%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 1.8% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 10.9% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.9% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $1.3M in reported program spending
- Leadership: top reported pay $100K · 10 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 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.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 28/100.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.