Roswell Arts Fund Inc
Nonprofit profile at a glance
- EIN
- 464829028
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-N 2015
- Location
- Roswell, GA, USA
- Phone
- 7708176674
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $297,754
- Expenses
- $269,201
- Assets
- $289,046
- Liabilities
- $1,172
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
People named in this filing
- SCOTT HITCH (CHAIR)
- STANLEY MAC SMITH (BOARD MEMBER)
- EVA TAYLOR (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
Strengthen the scope of public arts in roswell, Georgia and to champion the ability of the arts to excite the imagination, strengthen public places, and encourage conversation.
What it reported doing in 2024
Roswell city programsthe city of roswell comprehensive program budget consisted of various public facing installations and events benefitting the broader roswell community. Where we wander was a public park installation utilizing woodland creatures created by local artists placed in different spaces (trees, behind rocks, in tall grass and adjacent to walking paths) for guests to discover throughout their nature walks. Another city program highlight was food is art, held at historic barrington hall and welcoming almost 300 guests to partake in taste testing small bites and dishes from a variety of area chefs and restauranters and our third city program highlight was an broadly reaching painting project transforming uninteresting and unsightly public utility boxes into works of art 10 in total throughout the city at adjacent to major intersections and thoroughfares.
Operating model
- Revenue model
- Earned-program. 76% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 85
- Accountability: 76
- Sustainability: 54
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.7%; rating input score 83
- Program expense ratio: 91.4%; rating input score 91
- Fundraising efficiency: $11.99 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th 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: 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: 9.6%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 1.07; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 11.5% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: -0.7% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 82.7% of revenue deployed · 91.4% of spending went to programs
- Governance: 15 of 15 board members independent · 3 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $246K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Operating margin scored 59/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.