Outer Banks Forum for the Lively Arts Inc

Nonprofit profile at a glance

EIN
561431704
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Kitty Hawk, NC, USA
Phone
2525648781
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$184,431
Expenses
$157,763
Assets
$241,279
Liabilities
$24,550

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

Leadership & pay

13 people listed

Executive titles in this filing

  • CARL V CURNUTTE III (PRESIDENT)

People named in this filing

  • CARL V CURNUTTE III (PRESIDENT)
  • TESS JUDGE (TREASURER)
  • DAVID CONNAUGHTON (TREASURER)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the outer banks forum for the lively arts, inc., is to promote the appreciation of and involvement in the performing arts on the outer banks and in nearby areas through the presentation of an annual affordable series of concerts by diverse artists, integrated with activities of other community organizations. The forum strongly supports racial and cultural inclusion, provides opportunities for youth to participate in the arts, and encourages arts education in the community. The forum complies with ada accessibility requirements and considers other special needs of its audience to the extent possible within the physical constraints of its venue.

What it reported doing in 2024

In 1991 the forum's orientation was shifted to musical and theatrical entertainment. Performers were initially selected from local residents and admission was free. The old auditorium in kitty hawk elementary school hosted teh lectures, and later, musical performances. The organizations current home is in the beautiful performing arts space at first flight high school. Audience size has grown to fill 600 seat auditorium and talent now comes from around the world. What started as a volunteer initiative is still 100% managed by our volunteer board and local residents who contribute their time and energy.

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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 100
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.7%; rating input score 72
  • Program expense ratio: 82.4%; rating input score 82

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 14.5%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 1.53; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 59.6% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 15.2% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 24% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 71.7% of revenue deployed · 82.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $130K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Sustainability: Liabilities to assets ratio scored 24/100.