Marshall Regional Arts Council
Nonprofit profile at a glance
- EIN
- 751811441
- IRS 990-EZ coverage
- 2009–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2023
- Location
- Marshall, TX, USA
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts Council/Agency
Reported finances
- Revenue
- $40,644
- Expenses
- $84,507
- Assets
- $43,675
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- Steve McFarland (Executive Director)
People named in this filing
- Steve McFarland (Executive Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of The MRAC is to support promote and encourage participation and involvement of all citizens of the region in quality experiences in both the arts and humanities. That is accomplished through lifelong arts in education opportunities activities supporting area artists and creativity providing a wide range of quality artistic performances and activities that recognize the accomplishments of regional arts organizations and assist in their future development.
What it reported doing in 2023
Boogie Woogie Performances
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 55% for direct work, and 45% for grants.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 12
- Transparency & Controls: 100
- Sustainability: 19
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 15.1%; rating input score 15
- Program expense ratio: 7.3%; rating input score 7
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -107.9%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -19.8% per year; rating input score 0; 18th percentile among comparable filings
- Revenue growth: -8.4% per year; rating input score 0; 28th percentile among comparable filings
- Asset growth: -6.6% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 15.1% of revenue deployed · 7.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $6K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2009 to 2023
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Financial Efficiency: Mission deployment rate scored 15/100.
- High — Financial Efficiency: Program expense ratio scored 7/100.
- High — Sustainability: Operating margin scored 8/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.