The Center for Performing Arts Inc

Nonprofit profile at a glance

EIN
043536000
IRS 990-EZ coverage
2010–2013
Forms available
Form 990-EZ 2013
Location
Wakefield, MA, USA
Phone
7812245428
Rating
53
Verdict
MIXED
Rating confidence
Moderate
Sector
Performing Arts Centers

Reported finances

Revenue
$72,475
Expenses
$13,714
Assets
$16,291
Liabilities
$15,336

Source: IRS Form 990-EZ. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • PETER SCOTT (PRESIDENT/DIRECTOR)

People named in this filing

  • PETER SCOTT (PRESIDENT/DIRECTOR)
  • JOHN J HIGGINS (TREASURER/DIRECTOR)
  • PATRICIA HARDACKER (CLERK/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-EZ. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Educate public concerning performing arts

What it reported doing in 2013

Educate the public concerning the performing arts by using the performing arts as the means to educate and entertain.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 89% 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 comfortably covers expenses. 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: 16
  • Transparency & Controls: 100
  • Sustainability: 69
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 6.1%; rating input score 6
  • Program expense ratio: 32.1%; rating input score 32

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 81.1%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 1.19; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.94; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -79.8% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 8.2% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: -63.3% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 6.1% of revenue deployed · 32.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $4K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2010 to 2013
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 6/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 32/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.