Project Artaud
Nonprofit profile at a glance
- EIN
- 941741655
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- San Francisco, CA, USA
- Phone
- 4156214240
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Service Organizations and Activities
Reported finances
- Revenue
- $952,825
- Expenses
- $682,382
- Assets
- $3,704,091
- Liabilities
- $111,077
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- Susan Sullivan (President)
- Julie Phelps (Vice President)
Highest reported compensation
- John Sullivan (Treasurer): $10,200 total reported compensation
- Susan Sullivan (President): $9,000 total reported compensation
- Julie Phelps (Vice President): $9,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Providing Low-Cost living and working space for 90 members productive in the arts including visual and performance artists, providing spaces for events and workshop space for nonprofit arts organizations, Theater of Yugen and Joe Goode Performance Group, and theater space for Z-space which provides theater space for several smaller theater operations.
What it reported doing in 2024
Project Artaud (the Organization) is a California public-benefit nonprofit corporation which provides low-cost living and work space for 90 members in the literary, visual and performing arts, as well as performance and exhibition space for other nonprofit arts organizations including Theatre of Yugen, Joe Goode Performance Group and Zspace, which provides theater facilities for several smaller theater organizations. Project Artaud supports a website (www.projectartaud.org) which includes an artist member directory, photo gallery, event calendar and contact information.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 90
- Accountability: 91
- Sustainability: 77
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54.2%; rating input score 54
- Program expense ratio: 80.1%; rating input score 80
- Fundraising efficiency: Limited
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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 28.4%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 5.43; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 5.5%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: -2% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: 0.1% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 1.6% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: 54.2% of revenue deployed · 80.1% of spending went to programs
- Governance: 11 of 11 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $547K in reported program spending
- Leadership: top reported pay $10K · 28 people listed
- Highest-paid contractors: 1 contractor listed · $177K reported
- Consistency: 26 of 26 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 5 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Sustainability: Officer compensation ratio scored 52/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.