Tennessee Williams Key West Exhibit

Nonprofit profile at a glance

EIN
462764439
IRS 990 coverage
2017–2017
Forms available
Form 990 2017, Form 990-PF 2014
Location
Key West, FL, USA
Phone
3052943121
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
History Museums

Reported finances

Revenue
$66,403
Expenses
$109,056
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Dennis Beaver (President)
  • Michael Benner (Vice President)

People named in this filing

  • Dennis Beaver (President)
  • Michael Benner (Vice President)
  • Anne Shaver (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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the Tennessee Williams Key West Exhibit is to collect, preserve, and showcase historic archival materials directly related to the writings and artistic creations that won Tennessee Williams multiple awards, including two Pulitzer Prizes and the Presidential Medal of Freedom. The materials will serve as a resource for scholars, literary enthusiasts, and the general public alike seeking to know and understand more about the man and his global importance and influence and the role that Key West played in nurturing his unique talent.

What it reported doing in 2017

Continued to provide curated tours of the exhibit for visitors to Key West. On average, provided 15 guided tours and 150 self guided tours each month. Guided tours are usually for groups of up to 20. Expanded the exhibit with photographs of Tennessee Williams by Don Pindor. A large part of the Tennessee Williams Key West Exhibit made a trip to Cuba. Artifacts were on loan to Havana's Museo Nacional De Bellas Artes for its exhibition "Tennessee Williams: Dramaturgo Y Pintor.." Continued the Tennessee Williams Birthday Celebration with contest for poetry, Plein Air painting, and short stories. Also collaborated with the Tropic Cinema to highlight classic films authored by Tennessee Williams.

Operating model

Revenue model
Donor-supported. 69% 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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 18
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 57.8%; rating input score 58
  • Program expense ratio: 35.2%; rating input score 35
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: -64.2%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 57.8% of revenue deployed · 35.2% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $38K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 39 of 39 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 58/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 35/100.
  • High — Sustainability: Operating margin scored 22/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.