Performing Arts Foundation of Powhatan Incorporated

Nonprofit profile at a glance

EIN
203531966
IRS 990-EZ coverage
2011–2013
Forms available
Form 990-EZ 2013
Location
Powhatan, VA, USA
Phone
8047940264
Rating
35
Verdict
REVIEW
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$1,084
Expenses
$3,976
Assets
$10,120
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Larry Lyons (President)

People named in this filing

  • Charles F Catlett III (Treasurer)
  • Larry Lyons (President)
  • Holly Smith (Secretary)

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 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Performing Arts Foundation of Powhatan, Inc. is a non-profit, non-stock corporation organized exclusively for charitable, educational, or scientific purposes within the meaning of Section 501(c)(3) of the IRC of 1986, including, without limitation, the purposes of promoting the performance of work of musical, artistic, or literary merit in the central Virginia area and educating the public concerning such works. Our purpose is to advance artistic and cultural diversity in Powhatan for the enjoyment and education of our citizens and as a means of building community. Our vision is to capture the imagination of our community by creating a regional, state of the art cultural arts organization, presenting prominent talent and showcasing local gifted artists, young and old.

What it reported doing in 2013

Promoting the performance of work of musical, artistic or literary merit in the central Virginia area, and educating the public concerning such work. We awarded elementary school students non-cash awards for arts and crafts submissions in February 2013.

Operating model

Revenue model
Membership-supported. 85% of the money available for current operations came from membership dues.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up. 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: 0
  • Transparency & Controls: 82
  • Sustainability: 38
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -266.8%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 2.55; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 75; 75th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -79.6% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -21.7% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2011 to 2013
  • Contacts: How to reach this organization
  • 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 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.