Souls Grown Deep Foundation Inc
Nonprofit profile at a glance
- EIN
- 272457990
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-EZ 2016
- Location
- Atlanta, GA, USA
- Phone
- 4044911126
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $289,124
- Expenses
- $1,065,457
- Assets
- $3,249,166
- Liabilities
- $73,520
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MAXWELL L ANDERSON (PRESIDENT)
Highest reported compensation
- MAXWELL L ANDERSON (PRESIDENT): $354,474 total reported compensation
- SCOTT BROWNING (OUTGOING SECRETARY): $199,414 total reported compensation
- RAINA LAMPKINS-FIELDER (PROGRAM OFFICER): $164,770 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Souls grown deep foundation is dedicated to promoting african-american art of the south.
What it reported doing in 2024
Placement of 102 works of art into the permanent collections of 6 museums, including the studio museum in harlem and the toledo museum of art. These acquisitions were the basis for exhibitions including "in the presence of our ancestors: southern perspectives in african american art" (minneapolis institute of art) and "she knew where she was going: gee's bend quilts and civil rights" (baltimore museum of art). Provided loans to major exhibitions in london, venice, and atlanta. Provided internships for undergraduate students of color at the baltimore museum of art, museum of fine arts, boston, and minneapolis institute of art.
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.
The verdict
STRONG - 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 75
- Accountability: 94
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 74.1%; rating input score 74
- Fundraising efficiency: $2.15 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 24th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -268.5%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 3.05; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 36.8%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 6.5% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 13.9% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 20.6% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 74.1% of spending went to programs
- Governance: 9 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $789K in reported program spending
- Leadership: top reported pay $354K · 12 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $102K reported
- Consistency: 25 of 25 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 11 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 10/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Sustainability: Officer compensation ratio scored 7/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.