Significant Productions Inc

Nonprofit profile at a glance

EIN
884240707
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
The Villages, FL, USA
Phone
3526889502
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Reported finances

Revenue
$8,905,553
Expenses
$9,157,458
Assets
$3,110,885
Liabilities
$4,565,122

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JASON GOEDKEN (EXECUTIVE DIRECTOR)
  • ELLIOT SUSSMAN (PRESIDENT)
  • MARCUS BRIDGEWATER (VICE PRESIDENT)

Highest reported compensation

  • JASON GOEDKEN (EXECUTIVE DIRECTOR): $140,968 total reported compensation
  • WHITNEY A MORSE (ARTISTIC DIRECTOR): $137,790 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Sigpro cultivates a diverse collaborative community with a focus on artists' well-being that strives to provoke thought and spark conversation through high-quality performing arts.

What it reported doing in 2024

The studio: the studio is a production theater that does it all except writing plays. We select the scripts with a play reading committee and do all facets from hiring and housing actors and designers to building all elements of the production like costumes, props, light and sound design, and scenery.

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 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 92
  • Accountability: 78
  • Sustainability: 23
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.5%; rating input score 91
  • Program expense ratio: 88.9%; rating input score 89
  • Fundraising efficiency: $33.34 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 80%; rating input score 80; 14th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.8%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.34; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 1.47; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 3%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 68.4% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 58.3% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 17.5% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 91.5% of revenue deployed · 88.9% of spending went to programs
  • Governance: 4 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $8.1M in reported program spending
  • Leadership: top reported pay $141K · 6 people listed
  • Highest-paid contractors: 5 contractors listed · $678K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.