Sausalito Art Festival Foundation

Nonprofit profile at a glance

EIN
943347958
IRS 990 coverage
2010–2020
Forms available
Form 990 2020
Location
Sausalito, CA, USA
Phone
4153323555
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$50,391
Expenses
$102,332
Assets
$1,339,561
Liabilities
$154,084

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • ANN ARNOTT (SECRETARY)
  • ANNETTE BRINTON (TREASURER)
  • LOUIS BRIONES (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. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the sausalito art festival foundation is to encourage, promote and support the arts for the community.

What it reported doing in 2020

Every labor day weekend, stars of the contemporary art scene are showcased on the sparkling bay shores of sausalito, California's mediterranean-like seaside village. Over one million visitors from throughout the world have experienced the sausalito art festival since its inaugural event in 1952. Sausalito hosts the west coast's ultimate art experience, featuring a world-class collection of fine art and craft. The internationally famous beauty of sausalito, with its historic waterfront and unique art galleries and shops, has long attracted art collectors. Just north of the golden gate bridge, sausalito is located on the san francisco bay shoreline with breathtaking views. The best local, american and international artists bring their combined perspectives, virtuoso skills, and more than 20,000 original works of art including paintings, sculpture, ceramics, jewelry, fiber art, fine glass, woodwork, mixed media, and photography. From functional to surreal, witty to the elegantly decorative, these one-of-a-kind and limited edition art works form an unparalleled collection that can only be seen once a year. Enjoy the opportunity to meet the artists one-on-one or stretch out on the lawn in the scenic bayside park. Enjoy nonstop entertainment on three stages or gourmet delights with champagne and fine wines. The sausalito art festival is the 1 event of its kind and the perfect way to celebrate your labor day weekend.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 95% 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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 85
  • Accountability: 76
  • Sustainability: 40
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.7%; rating input score 91
  • Fundraising efficiency: $28.68 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 25th 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: 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: -103.1%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 13.09; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -8.4% per year; rating input score 0; 42nd percentile among comparable filings
  • Revenue growth: -3.7% per year; rating input score 0; 54th percentile among comparable filings
  • Asset growth: -1.6% per year; rating input score 0; 34th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.7% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $93K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 11 filing years from 2010 to 2020
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 21/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
  • High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.