Rondo Avenue Inc
Nonprofit profile at a glance
- EIN
- 411439087
- IRS 990-EZ coverage
- 2013–2015
- Forms available
- Form 990-EZ 2015, Form 990-N 2012
- Location
- Saint Paul, MN, USA
- Phone
- 6513157676
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nonmonetary Support N.E.C.
Reported finances
- Revenue
- $165,251
- Expenses
- $96,088
- Assets
- $106,711
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- Floyd Smaller (Founder - Emeritus)
- Marvin Anderson (Founder - Emeritus)
- Ronald Buford (Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote and preserve the culturally unique values of the Rondo community to family and the greater community through education and economic development activities.
What it reported doing in 2015
Rondo Days Festival - The festival was founded in 1983. It offers a multicultural celebration of art, music, food, economic development activities and family fun. It is the second largest African American sponsored celebration in Minnesota. While average attendance normally approaches 10,000, the 2015 festival attracted nearly 15,000 participants
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- 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
STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and the available information about grant readiness automatic revocation leaves an important question unanswered.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 100
- Sustainability: 81
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.1%; rating input score 58
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 41.9%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 1.11; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 11% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 25.4% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 96.5% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 58.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $96K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2013 to 2015
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.