South Shore Art Center Inc

Nonprofit profile at a glance

EIN
042259692
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Cohasset, MA, USA
Phone
7813832787
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts Education

Official website

Reported finances

Revenue
$653,998
Expenses
$759,430
Assets
$883,436
Liabilities
$226,933

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • SEAN CUNNING (PRESIDENT)
  • ERIN CRONIN SUNDAY (PRESIDENT-EL)

Highest reported compensation

  • PATRICE M MAYE (EXECUTIVE DI): $129,863 total reported compensation
  • SANTIAGO HERNANDEZ (DIRECTOR): $2,788 total reported compensation
  • LISA MARDER (DIRECTOR): $1,620 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enrich the communities south of boston by engaging artists and by fostering an understanding and appreciation of the visual arts through exhibitions and education.

What it reported doing in 2023

Art classes/education: training in techniques, compositions, general art appreciation, sculpture and art crafts.

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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 92
  • Accountability: 60
  • Sustainability: 25
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.3%; rating input score 80
  • Program expense ratio: 69.1%; rating input score 69
  • Fundraising efficiency: $5.05 raised per $1 spent on fundraising; rating input score 18; 18th 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: 85%; rating input score 85; 19th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -16.1%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 1.16; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 17.9%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 1.7% per year; rating input score 100; 27th percentile among comparable filings
  • Revenue growth: -0.4% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: -0.1% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 80.3% of revenue deployed · 69.1% of spending went to programs
  • Governance: 17 of 20 board members independent · 2 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $525K in reported program spending
  • Leadership: top reported pay $130K · 21 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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 — Accountability: Governance controls: 5 of 7 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 18/100.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.