Mccord House Nfp

Nonprofit profile at a glance

EIN
912193489
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Palos Park, IL, USA
Phone
7086710648
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts Education

Official website

Reported finances

Revenue
$320,881
Expenses
$357,781
Assets
$1,283,108
Liabilities
$21,523

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

Leadership & pay

12 people listed

Executive titles in this filing

  • KENT OLIVEN (PRESIDENT)
  • ARLENE ADAMS (VICE PRESIDENT)

People named in this filing

  • KENT OLIVEN (PRESIDENT)
  • SHARON KUBASAK (TREASURER)
  • ARLENE ADAMS (VICE PRESIDENT)

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

Mc cord house is organized exclusively for the preservation and maintenance of the 1834 mc cord house as a historic structure and to have it serve as a learning center for the arts and history while showcasing the artistic works of community and regional artists

What it reported doing in 2024

Cultural education - educational classes are the foundation of the mccord gallery and cultural centers operations. The cultural center offers classes in visual arts for all ages. A curriculum committee considers a wide variety of visual art classes, and offers not only basic and introductory level classes but also advanced level classes for the more experienced artist. The curriculum includes drawing, watercolor, pastel, oil painting, palette knife painting in oils and collage to name a few. The media will reflect the changing needs and interests of the community. Classes are held five days per week all year and special workshops are held on the weekends. All are staffed by paid professionals in their respective fields. The organization also offers music classes for instuments including guitar, oboe, piano, saxophone, trumpet, voice and french horn. Standard fees are charged and class descriptions can be found on the mccord gallery & cultural center web site www.mccordgallery.org. However in an instance where a student is unable to pay, special arrangements will be made. There will be no discrimination based on race, religion or income level in the selection of students.

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 44
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.2%; rating input score 87
  • Program expense ratio: 78.1%; rating input score 78
  • Fundraising efficiency: $307.59 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

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: 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: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -11.5%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 3.59; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 45th percentile among comparable filings
  • Revenue growth: -5.4% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: -2.4% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 87.2% of revenue deployed · 78.1% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $279K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 21/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.