Pier One Theatre Inc
Nonprofit profile at a glance
- EIN
- 237448364
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Homer, AK, USA
- Phone
- 9072262287
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $223,265
- Expenses
- $209,427
- Assets
- $118,915
- Liabilities
- $1,659
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- CATHY STINGLEY (PRESIDENT)
People named in this filing
- SARAH BREWER (SECRETARY)
- GINGER DRAIS (DIRECTOR)
- MARY FRIES (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Pier one theatre is an inclusive organization whose mission is to create, promote, and share the performing arts for and with lower kenai peninsula communities and beyond. This includes, among other things, presenting community productions, educating youth, showcasing new works, providing guidance and mentorship, collaborating with other organizations and maintanining the fiscal means to do so.
What it reported doing in 2024
Mainstage and youth theatre performance.
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 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: 51
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 46
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.1%; rating input score 51
- Program expense ratio: 52.8%; rating input score 53
- Fundraising efficiency: $13.85 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6.2%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -0.7% per year; rating input score 0; 28th percentile among comparable filings
- Revenue growth: 7.4% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 3.3% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 51.1% of revenue deployed · 52.8% of spending went to programs
- Governance: 8 of 8 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $111K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2018 to 2024
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 51/100.
- Review — Financial Efficiency: Program expense ratio scored 53/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Operating margin scored 53/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.