St Louis Park Friends of the Arts
Nonprofit profile at a glance
- EIN
- 411836794
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024
- Location
- St Louis Park, MN, USA
- Phone
- 9529286422
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $120,003
- Expenses
- $116,120
- Assets
- $104,733
- Liabilities
- $1,616
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- MIKE MELLAS (EXECUTIVE DIRECTOR)
People named in this filing
- WENDY FRESHMAN (DIRECTOR)
- GEORGE HADEMANN (DIRECTOR)
- JASON MARCHIAFAVA (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to support, promote, and enhance the arts in st. Louis park to bring people together and build community. We connect people and organizations around the arts, share arts-related information and resources, support local artists, and coordinate community arts programs.
What it reported doing in 2024
Fiscal sponsorship: we offer fiscal sponsorship for small arts groups and creative projects that build community through the arts in st. Louis park. Becoming fiscally sponsored allows groups who are not ready to take the step to incorporate as a nonprofit organization to still receive tax deductible donations and grants. We also provide support in administration, finance, marketing and promotion, community connections, and more.arts & culture grants: the arts & culture grant program is a collaborative program between friends of the arts, the city of st. Louis park, and the st. Louis park youth and community development fund. Each year, grants are awarded to individuals or organizations for arts and culture projects that support community pride, connect artists and the community, and engage people in creative learning.
Operating model
- Revenue model
- Donor-supported. 88% of the money available for current operations came from contributions and gifts.
- 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 100
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.4%; rating input score 87
- Program expense ratio: 90.3%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 3.2%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 0.9; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 54.2%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: 8.7% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 7% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 5.1% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 87.4% of revenue deployed · 90.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $105K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Sustainability: Operating margin scored 43/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- High — Sustainability: Officer compensation ratio scored 3/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.