The Art House 360
Nonprofit profile at a glance
- EIN
- 472251296
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2022
- Location
- Verona, WI, USA
- Phone
- 6083815510
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $1,625,141
- Expenses
- $88,066
- Assets
- $1,622,260
- Liabilities
- $500
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Shelley Reynolds (President)
- Miguel Garcia-Gosalvez (Vice President)
Highest reported compensation
- Jessica Lanius (Foundation Mgr.): $7,500 total reported compensation
- Karisa Johnson (Foundation Mgr.): $7,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Art House 360: Bringing Art to Life in Verona, WI Breathing new life into a historic 1917 schoolhouse, Art House 360 is transforming it into a vibrant community arts center. By launching our capital campaign in 2024, we're raising funds to not only renovate the space but also develop enriching arts education programs. More than just bricks and mortar, Art House 360 aims to: 1. Foster a thriving hub for creativity: We envision a multicultural co-working space where individual artists, educators, and organizations can collaborate, inspire, and learn from each other. 2. Make art accessible: We believe everyone deserves the chance to experience the transformative power of art. Our diverse and inclusive programs will cater to the multigenerational community of Verona, offering low-cost or even free options.
What it reported doing in 2024
Art House 360 has completed extensive renovations to the City of Verona's 1917 schoolhouse, breathing new life into it as a multicultural arts center. In 2024, we launched our $3M capital campaign and raised $1.8M. We're raising funds to not only renovate the space but also to develop enriching arts education programs. In 2024, Art House 360 developed partnerships with 6 arts education entities launching classes, workshops, and performances in 2025. We have built a multicultural co-working space where individual artists, educators, and organizations can collaborate, inspire, and learn from each other. Art House 360 actively works to create access for all to greater wellness through the arts. Our diverse and inclusive programs connect teaching artists to the multigenerational community of western Dane County, offering low-cost or even free options.
Operating model
- Revenue model
- Grant-funded. 79% of the money available for current operations came from government grants.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - 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: 9
- Transparency & Controls: 92
- Accountability: 69
- Sustainability: 87
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: $69.56 raised per $1 spent on fundraising; rating input score 82; 82nd 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: 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: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 94.6%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 18.42; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 16.5%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 36% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 43.4% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 5 of 5 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $8K · 9 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Accountability: Governance controls: 6 of 8 not reported.
- High — Sustainability: Officer compensation ratio scored 20/100.