Mint Inc

Nonprofit profile at a glance

EIN
711011962
IRS 990 coverage
2019–2021
Forms available
Form 990 2021, Form 990-N 2015
Location
Atlanta, GA, USA
Phone
4046808728
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$394,570
Expenses
$505,870
Assets
$105,801
Liabilities
$75,432

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • JULISSA J WHITE SMITH (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JESSICA HELFRECHT (EXECUTIVE ARTISTIC DIRECTOR): $67,088 total reported compensation
  • JULISSA J WHITE SMITH (EXECUTIVE DIRECTOR): $26,224 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mint's mission is to make atlanta a destination for the arts: a cultural hub where artists thrive, patrons experience transformative work, and communities are activated and engaged.

What it reported doing in 2021

Each year mint's intern program provided 10-15 students, artists, and aspiring art professionals an opportunity to gain skills and experiences in a gallery and arts nonprofit setting. Mintterns work closely with mint staff and leadership in all areas of the organization, including gallery management, exhibition installation, social media strategy, fundraising, and program development. Mintterns are invited to participate in the studio artist community and have multiple opportunities to show their work at mint, including a culminating group exhibition. The intern proram ties into mint's mission to support and engage the creative community at all levels of development.

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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 92
  • Accountability: 68
  • Sustainability: 10
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 95.6%; rating input score 96
  • 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: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -28.2%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.21; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.71; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 18.4%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 33.3% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 15.8% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: -9.3% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 95.6% of spending went to programs
  • Governance: 10 of 10 board members independent · 2 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $483K in reported program spending
  • Leadership: top reported pay $67K · 13 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2019 to 2021
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Accountability: Governance controls: 6 of 8 not reported.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.