Rittenhouse Square Fine Arts Association
Nonprofit profile at a glance
- EIN
- 232188239
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Philadelphia, PA, USA
- Phone
- 2156697928
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $215,934
- Expenses
- $176,987
- Assets
- $177,653
- Liabilities
- $1,054
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- SHARON STRINE (DIRECTOR)
- SARAH POLLOCK (DIRECTOR/VICE CHAIR)
- LILA TURJANSKI-VILLARD (DIRECTOR/SECRETARY)
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
Present two outdoor art shows in rittenhosue square in june and september of each year to engage the community, artists, student artists and other non-profits.
What it reported doing in 2024
The rittenhouse square fine arts association promotes community interaction with the fine arts and artists by hosting two fine art shows in june and september each year with attendance of ~ 20,000 per show.
Operating model
- Revenue model
- Earned-program. 97% 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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 59
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.4%; rating input score 55
- Program expense ratio: 69.4%; rating input score 69
- Fundraising efficiency: Limited
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: 5 of 7 controls in place; rating input score 71
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 18%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 1; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 18.4% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 20.4% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 55.4% of revenue deployed · 69.4% of spending went to programs
- Governance: 10 of 10 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $123K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 2 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 55/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.