Oakland Avenue Artists Coalition
Nonprofit profile at a glance
- EIN
- 464344121
- IRS 990-EZ coverage
- 2014–2015
- Forms available
- Form 990-EZ 2015, Form 990-N 2013
- Location
- Detroit, MI, USA
- Phone
- 3137992151
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Neighborhood, Block Associations
Reported finances
- Revenue
- $60,262
- Expenses
- $29,202
- Assets
- $32,077
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Corey McCord (President CEO)
- Corey McCord (Board President)
- Halima Cassells (Board Vice President)
People named in this filing
- Corey McCord (President CEO)
- Makeeba Ellington (Arts Coordinator)
- Scheherazade Washington-Parrish (Youth Arts Coordinator)
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 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the OAAC is to be an artistic, educational and civic not for profit organization for members and support members of The Oakland Avenue Artists Coalition (OAAC). The Oakland Avenue Artists Coalition seeks to create a platform for Detroit's multi-generational, creative community in artistic work. OAAC will also engage and encourage neighborhood youth in positive self-expression. OAAC can engage in all other programs not inconsistent with such charitable activities as set down in section 501(c)(3) of the Internal Revenue Code.
What it reported doing in 2015
The Building Blocks initiative this year included the cARTpentry, drawing/mural design, creative writing and neighborhood tour guide training programs. Over 20 young people were taught carpentry, drawing, design, placemaking, community organizing and creative writing skills. 2 murals were created. 5 benches were created, 3 outdoor spaces were enhanced, 1 neighborhood tour given.
Operating model
- Revenue model
- Donor-supported. 100% 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
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 46
- Transparency & Controls: 100
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 33%; rating input score 33
- Program expense ratio: 68.2%; rating input score 68
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: 51.5%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 1.1; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 25.8%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 166.8% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 176.7% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 187.7% per year; rating input score 100; 100th percentile among comparable filings
Details
- Where the money goes: 33% of revenue deployed · 68.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $20K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2014 to 2015
- Contacts: How to reach this organization
- Money network: 4 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 33/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Officer compensation ratio scored 7/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.