Perkins Center for the Arts

Nonprofit profile at a glance

EIN
222132838
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Moorestown, NJ, USA
Phone
8562356488
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$1,751,409
Expenses
$1,946,039
Assets
$2,573,678
Liabilities
$786,764

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

Leadership & pay

13 people listed

Executive titles in this filing

  • BRUCE SMITH (PRESIDENT)
  • JESSICA SANT (VICE PRESIDENT)
  • KAHRA BUSS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KAHRA BUSS (EXECUTIVE DIRECTOR): $95,065 total reported compensation

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

Overview

Mission

Perkins center for the arts enriches lives, inspires life-long learning, and cultivates intercultural experiences through the arts.perkins center for the arts is a regional, community cultural asset that enriches lives, inspires life-long learning and offers interdisciplinary experiences through the arts. Established as an arts education institution, perkins is dedicated to providing exemplary arts experiences for all community members with the perkins' programs. These include comprehensive musical instructions through the perkins conservatory of music; year-round visual & performing arts instruction; 12 exhibitions annually; free public concerts and ticketed concert series; artist-led in-school residency programs; summer arts camp; perkins folklife center; and community enrichment projects throughout south jersey.

What it reported doing in 2024

Perkins center for the arts is a regional, community cultural asset that enriches lives, inspires life-long learning, and offers interdisciplinary and intercultural experiences through the arts. Established as an arts education institution, perkins is dedicated to providing exemplary arts experiences for all community members within the perkins' programs include comprehensive musical instruction through the perkins conservatory of music; year-round visual & performing arts instruction; 18-20 exhibitions annually; free public concerts and ticketed concert series; artist-led in-school residnecy programs; summer arts camp; nj folklife at perkins; and community enrichments projects throughout south jersey.

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 97% 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

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.9%; rating input score 75
  • Program expense ratio: 67.1%; rating input score 67
  • Fundraising efficiency: $5.44 raised per $1 spent on fundraising; rating input score 20; 20th 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: 100%; rating input score 100; 76th percentile among comparable filings
  • 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: 8 of 8 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -11.1%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.32; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.31; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 4.9%; rating input score 53; 53rd percentile among comparable filings

Growth

  • Program expense growth: 7.5% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: 11.6% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 74.9% of revenue deployed · 67.1% of spending went to programs
  • Governance: 12 of 12 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.3M in reported program spending
  • Leadership: top reported pay $95K · 13 people listed
  • Highest-paid contractors: 1 contractor listed · $151K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • 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.

  • High — Financial Efficiency: Fundraising efficiency scored 20/100.
  • High — Sustainability: Operating margin scored 16/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • Review — Sustainability: Officer compensation ratio scored 53/100.