The Arts Council Inc
Nonprofit profile at a glance
- EIN
- 560526856
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Winstonsalem, NC, USA
- Phone
- 3367222585
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $3,398,838
- Expenses
- $4,609,971
- Assets
- $10,578,104
- Liabilities
- $3,917,489
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- SAMANTHA HOWARD END 7425 (CEO)
Highest reported compensation
- HOWARD UPCHURCH (CHAIRMAN): $59,056 total reported compensation
- SAMANTHA HOWARD END 7425 (CEO): $36,250 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organizational mission is to support and advance the legacy of innovation in and access to the arts as a core community value, by providing grants and venues for artists and art organizations to practice and execute their art form in facilties that are efficiently and effectively operated, and to create an environment in which the arts flourish.
What it reported doing in 2024
The arts council, inc. Serves the citizens of winston-salem by acting as a catalyst in the community to preserve the local cultural heritage and to develop, advance, enhance and sustain the cultural life of the greater winston-salem area. The council's activities include an annual fund-raising campaign, direct program sponsorship, and the maintenance of facilities for use by community organizations. These facilities are located on approximately seven acres in the center of downtown winston-salem and consist of various art complexes and theatres. The facilities are used for community event spaces, offices for nonprofit charitable organizations, activity rooms for children and adult programming, and related spaces.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 53% for direct work, and 47% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 84
- Accountability: 86
- Sustainability: 33
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 81.5%; rating input score 81
- Fundraising efficiency: $10.52 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 74.3%; rating input score 74; 20th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 91.3%; rating input score 91; 22nd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -35.6%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 2.29; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 2.1%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 14.4% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 8.5% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: -7.7% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 81.5% of spending went to programs
- Governance: 21 of 23 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.8M in reported program spending
- Leadership: top reported pay $59K · 24 people listed
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 40 filed money-flow records
- Related organizations: 38 filed related-organization links
- 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 — Financial Efficiency: Fundraising efficiency scored 39/100.
- High — Sustainability: Operating margin scored 3/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 29/100.