Stable
Nonprofit profile at a glance
- EIN
- 814932649
- IRS 990 coverage
- 2019–2020
- Forms available
- Form 990 2020, Form 990-N 2017
- Location
- Washington, DC, USA
- Phone
- 3056089528
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Visual Arts Organizations
Reported finances
- Revenue
- $376,090
- Expenses
- $368,472
- Assets
- $411,312
- Liabilities
- $35,305
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
11 people listed
People named in this filing
- Josef Palermo (Chair, Art and Programming Committee)
- Tony Powell (Trustee)
- Jennifer Klein (Trustee)
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 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Stable's mission is strengthening Washington, DC's contemporary visual arts community by providing affordable and sustainable studio space, and collaborating with local, national, and international partners to provide programming and exhibition opportunities fostering an engaged, diverse community in Washington, DC.
What it reported doing in 2020
Provide affordable studio space for artists to foster art creation
Operating model
- Revenue model
- Donor-supported. 82% 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
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 29
- Transparency & Controls: 86
- Accountability: 18
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.4%; rating input score 25
- Program expense ratio: 25.9%; rating input score 26
- Fundraising efficiency: $27.85 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 16th 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: 0%; rating input score 0; 6th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 2%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 1.12; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: -27.7% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 14.6% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 7.9% per year; rating input score 100; 61st percentile among comparable filings
Details
- Where the money goes: 25.4% of revenue deployed · 25.9% of spending went to programs
- Governance: 0 of 10 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $95K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 3 filed schedules · includes major donors
- Filing history: 2 filing years from 2019 to 2020
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 25/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 26/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 38/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.