Quoddy Tides Foundation

What it reported doing in 2024

4c -education the organization presented two exhibitions in 2024, at the main building that were extremely well received: "home, downeast: wood engravings of pauline winchester inman" featuring a selection of 27 wood engraving prints and wood blocks by the artist that are part of a much larger gift of her works by eugene and marilyn ostreicher to the permanent collections; and "edward burtynsky: a visual archaeology" featuring eight large-scale color photographs on loan from the beaverbrook art gallery in fredericton, new brunswick, thanks to support from the unobskey foundation. Honor wilkinson, who joined the organization's staff as consulting curator, organized both exhibitions. Foster new work in 2024, 17 artists, including three alumni, were invited to live and work at the organization's studioworks artist-in- residence program, in its 12th year. Artists came from California, Washington dc, Massachusetts, Florida, Oregon, ireland and northern ireland and india, and other locations, and their work ranged from large scale paintings to small intimate drawings, from sculpture to multi- media installations. Their public talks and workshops reflected this range of contemporary work. Alumni karen stentaford returned to take tintype portraits at studioworks. The first contingent of artists and curators stayed and worked at the organization's seligmann cottage in cape split, Maine under the guidance of alumni artist, tessa green o'brien, in november, the organization welcomed geshe tsewang dorje, of india who, with others, created a sand mandala at studioworks as part of a cultural exchange. Partnerships in 2024, the organization worked with donald soctomah, historic preservation director of the passamaquoddy tribe, and dwayne tomah, director of the sipayik museum, to install a bronze descriptive plaque in passamaquoddy and english for the place name muselenk (eastport) on the front of the first floor of the masonic hall building. This is the first time and only place that the passamaquoddy written language is visible in eastport. We were invited to take part in a career day at sipayik elementary school and presented materials and talks on what it is like to work at a museum. Alison caldwell-beers, the organization's education specialist, continued her monthly outreach programs to the eastport senior center and developed programs for local schools and other groups. Tima staff and artists-in-residence presented art making activities at six festivals and in the studioworks building and worked in partnership with the downeast rainbow alliance, the downeast teen leadership camp, eastport artfests, and other organizations

Financial Efficiency

• Mission deployment rate: 77.1%; rating input score 77
• Program expense ratio: 78.8%; rating input score 79
• Fundraising efficiency: $12.73 raised per $1 spent on fundraising; rating input score 46; 46th 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: 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: 4 of 7 controls in place; rating input score 57
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • 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: 2.7%; rating input score 46; 46th percentile among comparable filings
• Total-asset coverage ratio: 8.15; rating input score 87; 87th percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 35; 35th percentile among comparable filings
• Officer compensation ratio: 13.2%; rating input score 26; 26th percentile among comparable filings

Growth

• Program expense growth: 6.6% per year; rating input score 100; 60th percentile among comparable filings
• Revenue growth: 0.6% per year; rating input score 100; 27th percentile among comparable filings
• Asset growth: 8.8% per year; rating input score 100; 62nd percentile among comparable filings