The Fountainhead Residency Inc

Nonprofit profile at a glance

EIN
813627928
IRS 990 coverage
2019–2025
Forms available
Form 990 2025
Location
Miami, FL, USA
Phone
3057768198
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$1,370,403
Expenses
$1,063,298
Assets
$1,948,384
Liabilities
$16,723

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • Kathryn Mikesell (Executive Director)
  • Donald Savelson (President)
  • Teresa Enriquez (Vice President)

Highest reported compensation

  • Kathryn Mikesell (Executive Director): $252,250 total reported compensation
  • Nicole Silveira (Deputy Director): $115,962 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Fountainhead Residency is an international artists' residency based in the heart of Miami. Founded in 2008, the mission is to enhance the lives and careers of artists, infuse Miami's art and cultural community with artistic inspiration from around the world, collaborate with our local institutions, non-profits and businesses to support our city's growth, build a global family that transcends all borders and continues to give back, and cultivate new audiences for the arts through intimate engagements, education and unique experiences. We further our mission by providing professional development and entrepreneurship education.

What it reported doing in 2025

The Fountainhead Residency provide a safe and nurturing environment for artists to thrive personally and professionally. We bring artists from around the world to live and work in Miami for up to two months. We host 3-4 artists at a time and between 20-40 artists per year. The Residency is centrally located in the historic neighborhood of Morningside. It provides artists with an environment to take themselves out of their daily routines, find new inspiration, conduct research and create new work. While artists are with us they meet the people that make Miami's community one-of-a-kind and gain critical feedback on their work from arts professionals.

Operating model

Revenue model
Donor-supported. 78% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 96% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 71
  • Accountability: 74
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.3%; rating input score 63
  • Program expense ratio: 78.8%; rating input score 79
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 78th 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; 64th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 22.4%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 1.83; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 34.6%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 20.2% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 16.1% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 22.1% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 63.3% of revenue deployed · 78.8% of spending went to programs
  • Governance: 13 of 13 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $838K in reported program spending
  • Leadership: top reported pay $252K · 16 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 7 filing years from 2019 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Officer compensation ratio scored 6/100.