The Durham Arts Council Inc

Nonprofit profile at a glance

EIN
560599829
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Durham, NC, USA
Phone
9195602787
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts Council/Agency

Official website

Reported finances

Revenue
$3,063,229
Expenses
$3,367,507
Assets
$1,025,241
Liabilities
$723,630

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • TABITHA CONCEPCION (PRESIDENT)
  • GERAUD STATON (VICE PRESIDENT)
  • ADAM ALLEGRINI (VICE PRESIDENT)
  • SHERRY DEVRIES (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SHERRY DEVRIES (EXECUTIVE DIRECTOR): $134,445 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Durham arts council, inc. Is a catalyst in the cultural development of durham it leads, inspires, and promotes excellence in and access to the creation, experience, and active support of the arts for all the people of our community.

What it reported doing in 2024

Support and development of arts organizations and artists dac provides grants & technical assistance to artists and arts organizations. In fy24, dac provided exhibition, performance, teaching, training, grants & art exhibit/sales opportunities to 898 individual artists; dac grants supported 94 arts organizations & 54 individual artists. 256 arts/cultural organizations were served across all dac programs. Dac provided sector-wide arts economic support of $1,002,172, including $302,698 in arts facility grants; $699,474 in cash grants, over the last ten years, dac has provided $4.6 million in cash grants to artists and arts organizations, nearly $4 million in rent-relieving space grans, and invested nearly $15 million in arts sector jobs.

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 77% for direct work, and 23% 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. Expenses are high relative to revenue and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 18
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.5%; rating input score 96
  • Program expense ratio: 87.1%; rating input score 87
  • Fundraising efficiency: $17.04 raised per $1 spent on fundraising; rating input score 55; 55th 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • 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: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: -9.9%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0.71; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 4%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 5.2% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 96.5% of revenue deployed · 87.1% of spending went to programs
  • Governance: 19 of 19 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2.9M in reported program spending
  • Leadership: top reported pay $134K · 20 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 97 filed money-flow records
  • Related organizations: 96 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.

  • High — Sustainability: Operating margin scored 13/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 55/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.