St Petersburg Arts Alliance Inc
Nonprofit profile at a glance
- EIN
- 461335413
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-T 2020, Form 990-N 2013
- Location
- St Petersburg, FL, USA
- Phone
- 7279536401
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $770,588
- Expenses
- $802,728
- Assets
- $370,516
- Liabilities
- $76,209
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- Terry Marks (Chief Executive Officer)
Highest reported compensation
- Terry Marks (Chief Executive Officer): $91,900 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
St Petersburg Arts Alliance is the umbrella organization serving the arts and cultural community: advocating for the arts; facilitating the growth of the arts community; and driving arts-related economics development in St Petersburg and supporting in-school, after-school, and professional education programs. The umbrella signifies that all arts disciplines are included from fine arts to performing arts, and produces various programs to serve them.
What it reported doing in 2024
Arts Education Programs including ACE - Arts for a Complete Education - supporting arts education in-school, after-school and professional education; FUNDING FUTURES and LIFT Scholarship awards given to individual students and teaching facilities and art organizations to support classes for students with financial needs who are nominated by community arts organizations; ARTS BUSINESS EDUCATION providing continuing education virtual workshops, teaching the business side to artists and art related organizations.
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 97% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 94
- Accountability: 31
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.5%; rating input score 87
- Program expense ratio: 82.8%; rating input score 83
- Fundraising efficiency: $10.37 raised per $1 spent on fundraising; rating input score 39; 39th 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: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th 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: Pass
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -4.2%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 11.4%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: 11.3% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 8.1% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 10.3% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 86.5% of revenue deployed · 82.8% of spending went to programs
- Governance: 0 of 16 board members independent · 6 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $665K in reported program spending
- Leadership: top reported pay $92K · 17 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 8 filing years from 2016 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.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
- High — Sustainability: Operating margin scored 26/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.