The Arts Foundation of Cape Cod
Nonprofit profile at a glance
- EIN
- 042961772
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Hyannis, MA, USA
- Phone
- 5083620066
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $774,630
- Expenses
- $827,951
- Assets
- $1,007,912
- Liabilities
- $227,446
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- KEN ELMER (PRESIDENT)
People named in this filing
- DIANE BOUDREAU (EXECUTIVE CO)
- LILY CHAN (DIRECTOR)
- AMANDA CLAIRE CUNNINGHAM (DIRECTOR)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
At afcc, our mission is to foster and enhance a dynamic and inclusive arts and cultural landscape accessible to all within the region. As the designated local arts agency (laa) for barnstable county, we serve as the pivotal hub for cultivating and supporting cape cod's rich cultural tapestry. Our organization operates as the overarching cultural steward, dedicated to empowering all artists, promoting diverse art forms, and preserving cultural and historical legacies. We are committed to forging connections between the region's cultural assets, the business community, lawmakers, visitors, and residents alike, fostering a vibrant and interconnected cultural ecosystem for the enrichment of our community.
What it reported doing in 2024
The arts foundation of cape cod (afcc) empowers artists and enriches the cultural landscape of the region. Through financial assistance and support for arts programming, afcc fosters creativity and community engagement. Each year, afcc awards grants to individual artists and cultural organizations, while its creative exchange program offers professional development opportunities. Additionally, afcc access ensures underserved students have access to arts activities, promoting confidence, creativity, and social connections.
Operating model
- Revenue model
- Donor-supported. 81% 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 a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 37
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.8%; rating input score 78
- Program expense ratio: 72%; rating input score 72
- Fundraising efficiency: $5.3 raised per $1 spent on fundraising; rating input score 19; 19th 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: 7 of 7 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -6.9%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 1.22; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: -2.2% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: -1.4% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 8% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 77.8% of revenue deployed · 72% of spending went to programs
- Governance: 9 of 9 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $596K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 15 filing years from 2009 to 2024
- 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.
- High — Financial Efficiency: Fundraising efficiency scored 19/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 21/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.