Quimby Colony Inc

Nonprofit profile at a glance

EIN
273993360
IRS 990 coverage
2013–2017
Forms available
Form 990 2017
Location
Portland, ME, USA
Phone
2078274456
Rating confidence
Limited
Sector
Single Organization Support

Reported finances

Revenue
$0
Expenses
$310,560
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • ROXANNE QUIMBY (DIRECTOR/PRESIDENT/CEO)

People named in this filing

  • IAN ANDERSON (DIRECTOR/SECRETARY)
  • JESSICA TOMLINSON (DIRECTOR/TREASURER)
  • ROXANNE QUIMBY (DIRECTOR/PRESIDENT/CEO)

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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Quimby colony has been organized to be a supporting organization to the Maine college of art, a tax-exempt publicly supported school described in section 170(b)(1)(a)(ii) located in portland, Maine.

What it reported doing in 2017

Quimby colony has been organized to be a supporting organization to the Maine college of art (meca), a tax-exempt publicly supported school described in section 170(b)(1)(a)(ii) located in portland, Maine. Quimby colony has provided cumulative direct grants of $812,294 to meca since quimby colony's inception. The support of meca enriched and contributed to the general welfare of the people of the city of portland and the state of Maine. In 2017, quimby colony ceased operations and contributed all of its remaining assets to meca and other organizations that support the arts in Maine.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 87
  • Accountability: 18
  • Sustainability: 8
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 98.1%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.2%; rating input score 98; 58th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 11.8% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 16.8% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: -41.7% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 98.1% of spending went to programs
  • Governance: 0 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $305K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 11 of 12 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 4 filing years from 2013 to 2017
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 11 filed related-organization links
  • 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 — Accountability: Independent voting board scored 0/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.