Sierra Arts Foundation Inc
Nonprofit profile at a glance
- EIN
- 880113398
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Reno, NV, USA
- Phone
- 7753292787
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $1,269,475
- Expenses
- $1,276,362
- Assets
- $700,416
- Liabilities
- $146,136
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- MEGAN OREILLY (PRESIDENT)
- RAQUEL MONSERRAT (VICE PRESIDENT)
- TRACY OLIVER (EXECUTIVE DIRECTOR)
People named in this filing
- RYRIE VALDEZ (DIRECTOR)
- MAGGIE STACK (DIRECTOR)
- MEGAN BERNER (DIRECTOR)
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
Sierra arts is dedicated to aiding, encouraging, advising, assisting & correlating activities to promote art & culture in washoe county, nv and neighboring communities.
What it reported doing in 2024
Sierra arts foundation is deeply committed to fostering community driven arts engagements that enrich the lives of all who reside and work within the northern Nevada region. Our dedication to enhancing the well-being of our community is exemplified through various initiatives such as the elder care concert series and healing arts programs, which bring the transformative power of the arts to local medical facilities and beyond. Through sierra arts galleries and academy, our bookstore featuring northern Nevada published authors, poets, and illustrators, and the galleries at work program for local businesses, we create dynamic spaces for artistic expression and collaboration, fostering a vibrant cultural ecosystem. Our strong partnerships with the city of reno, city of sparks, carson city, and washoe county enable us to amplify our impact and reach diverse audiences.
Operating model
- Revenue model
- Earned-program. 82% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 83
- Accountability: 82
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.5%; rating input score 81
- Program expense ratio: 78.9%; rating input score 79
- Fundraising efficiency: $5.02 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th 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: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- 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: -0.5%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.55; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 6.4% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 7.8% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 1.7% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: 80.5% of revenue deployed · 78.9% of spending went to programs
- Governance: 16 of 16 board members independent · 4 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $1M in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 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.
- High — Financial Efficiency: Fundraising efficiency scored 18/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- Moderate — Sustainability: Operating margin scored 34/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.