Olympic Theatre Arts
Nonprofit profile at a glance
- EIN
- 911191224
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Sequim, WA, USA
- Phone
- 3606837326
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $548,501
- Expenses
- $366,841
- Assets
- $1,400,461
- Liabilities
- $200,907
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DAVID HERBELIN (EXECUTIVE DIRECTOR)
Highest reported compensation
- DAVID HERBELIN (EXECUTIVE DIRECTOR): $53,835 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Ota's mission is "entertaining, educating, and inspiring community involvement through experiences in the arts." we envision ourselves as the heart and soul of our community, enriching lives and fostering collaboration. We value our community above profit; artistic excellence; an empowering environment for personal growth; a commitment to volunteers; and financial sustainability.
What it reported doing in 2024
Education: ota creates growth opportunities for youth by making children the primary emphasis for educational workshops, camps, and classes. Public funding for arts education and development is practically non-existent in our community's public schools, and ota embraces the challenge to fill that gap in performing arts education. We present intensive programs focused on youth throughout the year. Special emphasis is made to involve children of all skills, interests, and abilities to contribute towards the live performances that are the culmination of each workshop, often involving 30-60 children per production aged 5 to 18. Ota continually strives to find sponsors and partners to keep costs low and offer scholarships so any child can participate. As a matter of fact, all volunteer opportunities at ota, which are open to any age range, have expansive educational components. We also sponsor or host classes in various aspects of theatre arts and other fine arts disciplines.
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
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 71
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 48.5%; rating input score 49
- Program expense ratio: 70.7%; rating input score 71
- Fundraising efficiency: $462.08 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings
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: 6 of 8 controls in place; rating input score 75
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 33.1%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 3.82; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 14.7%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 13.9% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 9.2% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: -1.6% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 48.5% of revenue deployed · 70.7% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $259K in reported program spending
- Leadership: top reported pay $54K · 10 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 24/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.