Salvador Art Preservation Inc
Nonprofit profile at a glance
- EIN
- 921050103
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- St Petersburg, FL, USA
- Phone
- 2029425271
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $5,000
- Expenses
- $4,700
- Assets
- $2,162
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- CHARLES HENRI HINE III (EXECUTIVE DIRECTOR)
People named in this filing
- CHARLES HENRI HINE III (EXECUTIVE DIRECTOR)
- ROBERT H WILLIS JR (CHAIRMAN & ASSISTANT SECRETARY)
- MARGARET DE LISSER (DEPUTY CHAIR/SECRETARY/VICE 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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To advance the public interest in and knowledge and understanding of the works of art, especially those on display in the salvador dali museum. This activity is in furtherance of the museum's charitable and educational purposes.
What it reported doing in 2024
The museum has created the organization to ensure the continuing preservation of the museum's artworks and assets. In may 2023, the IRS determined the organization is exempt from federal income tax under irc section 501(c)(3). The museum plannned to transfer its artworks to the organization to be dedicated for the continuing preservation of such artworks. The organization will support the charitable and educational purposes of the museum by lending the museum the artworks and acquiring additional works of art by salvador dali. The transfer of the museum's artworks to the organization and the loan of artworks by the organization to the museum will be documented by written agreements between the museum and the organization. In addition, the organization expects to hold endowment funds for the financial support of the museum. The arrangement between the museum and the organization that is, the organization serving as a type i supporting organization of the museum to hold artworks and/or endowment funds for the benefit of the museum is a common arrangement for art museums to safeguard, support, benefit and further a museum's collections and charitable and educational mission. Numerous art museums use a type i supporting organization for these purposes, for example, the museum of modern art (New York, ny), the walters art museum (baltimore, md), and the fine arts museum of san francisco (san francisco, ca).
Operating model
- Revenue model
- Donor-supported. 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 100
- Sustainability: 49
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94%; rating input score 94
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 6%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -93.7% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: -103.8% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -57.8% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 94% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $5K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Review — Sustainability: Operating margin scored 56/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.