Partnership Inc

Nonprofit profile at a glance

EIN
464451460
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-N 2015
Location
Juneau, AK, USA
Phone
9074194206
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$617,186
Expenses
$108,054
Assets
$4,976,698
Liabilities
$763

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

Leadership & pay

16 people listed

Highest reported compensation

  • BOB BANGHART (EXECUTIVE DI): $40,140 total reported compensation
  • NANCY DECHERNEY (SECRETARY/ O): $18,001 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the partnership is to design, fund, and construct the new juneau arts and cultural center (jacc).

What it reported doing in 2024

The purpose of the partnership inc (new jacc) is to construct a building that brings together artistic and cultural activities. It will be a multi- purpose facility serving as a home for the juneau arts & humanities council & other arts organizations, and will provide space for performances, exhibits, celebrations and gatherings for the engagement and improvement of the juneau community. Continued work to raise the funds needed to complete design and begin construction. 57,012 of pre-design work was capitalized during this fiscal year. Began exploring a potential private-public partnership with other non- profit organizations and municipal government, that would allow the project to expand its reach beyond the arts and culture sector, ultimately encouraging broad participation and engagement by the community and the convention/visitor industry.

Operating model

Revenue model
Donor-supported. 76% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 33
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 85
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 15.7%; rating input score 16
  • Program expense ratio: 51.1%; rating input score 51
  • Fundraising efficiency: $29 raised per $1 spent on fundraising; rating input score 68; 68th 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: 93.3%; rating input score 93; 25th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 82.5%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 46.06; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 53.8%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 43.5% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -16.4% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 10.4% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 15.7% of revenue deployed · 51.1% of spending went to programs
  • Governance: 14 of 15 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $55K in reported program spending
  • Leadership: top reported pay $40K · 16 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 9 filing years from 2016 to 2024
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 16/100.
  • Review — Financial Efficiency: Program expense ratio scored 51/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.