Mid Atlantic Arts Inc
Nonprofit profile at a glance
- EIN
- 521169382
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Baltimore, MD, USA
- Phone
- 4105396656
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $10,635,352
- Expenses
- $10,143,340
- Assets
- $19,710,951
- Liabilities
- $8,077,566
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- JUAN SOUKI (EXECUTIVE DIRECTOR)
Highest reported compensation
- JUAN SOUKI (EXECUTIVE DIRECTOR): $234,638 total reported compensation
- MARY CHILDRESS LAST DAY 21425 (DIRECTOR OF FINANCE & HR): $141,176 total reported compensation
- PHILLIP HARMON LAST DAY 111224 (DIRECTOR OF OPERATIONS): $125,484 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mid atlantic arts nurtures and funds the creation and presentation of diverse artistic expression and connects people to meaningful arts experiences within our region and beyond.
What it reported doing in 2024
Presenting, touring & exhibiting - presenting, touring and exhibiting stable touring engagements for artists both within our region and internationally, and give communities high quality, and varied artistic experiences. The programs build audiences for artists and provide opportunities for greater understanding and appreciation of the arts throughout the mid-atlantic and the world.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 65% of its reported program spending out as grants.
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 some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.5%; rating input score 84
- Program expense ratio: 86.3%; rating input score 86
- Fundraising efficiency: $59.89 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 90.1%; rating input score 90; 20th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.6%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 1.94; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 6%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 12% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 9.8% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 13.3% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 83.5% of revenue deployed · 86.3% of spending went to programs
- Governance: 17 of 17 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $8.8M in reported program spending
- Leadership: top reported pay $235K · 21 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $381K reported
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 133 filed money-flow records
- Related organizations: 129 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 52/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.