Speaking Out Collective
Nonprofit profile at a glance
- EIN
- 842290474
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-N 2020
- Location
- Minneapolis, MN, USA
- Phone
- 6125040523
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $460,493
- Expenses
- $436,628
- Assets
- $148,022
- Liabilities
- $84,522
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Raegan Henderson (President)
People named in this filing
- Raegan Henderson (President)
- Emily Asp (Treasurer)
- Laura Mann Hill (Secretary)
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
Speaking Out Collective uses storytelling and story-making to spark the curiosity and imagination of children, educators and communities rooted in the arts. We question, create, and reimagine narratives.
What it reported doing in 2024
Our residency program served 0ver 4,000 children and 1,500 adults in 50 classrooms. We worked in schools, domestic violence shelters, child care centers, and served primarily urban and impoverished communities. We supported PreK-6 to high school, and families who would otherwise not have access to the arts or literacy programs. We developed a new curriculum that brought historical and factual community history to light that would have otherwise been lost with aging elders. Our 16-week residencies continue to be heralded by teachers and parents alike, improving writing and comprehension skills as well as confidence on stage and off. Children continue to showcase candor, insight and creativity. The stories participants imagine, write and develop are imaginative and preserve the meaning of togetherness, illustrating the power of ones voice. An arts-based literacy education is imperative in a childs development. Our greatest challenge continues to be securing funding to meet the demand, especially as education, arts and community funding cuts continue.
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 - 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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 39
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.6%; rating input score 73
- Program expense ratio: 76.5%; rating input score 77
- Fundraising efficiency: $7.29 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 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: 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: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5.2%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.57; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 7.4% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 19% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: -13.3% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 72.6% of revenue deployed · 76.5% of spending went to programs
- Governance: 9 of 9 board members independent · 4 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $334K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- Review — Sustainability: Operating margin scored 51/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.