The Niagara Arts and Cultural Center Inc

Nonprofit profile at a glance

EIN
141828590
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Niagara Falls, NY, USA
Phone
7162827530
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$2,194,668
Expenses
$574,599
Assets
$3,345,501
Liabilities
$551,284

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

Leadership & pay

17 people listed

Executive titles in this filing

  • KEVIN LEARY RESIGN JUNE '24 (EXECUTIVE DIRECTOR)
  • MARIA TA-PHAKKHONKHAM (INTERIM EXECUTIVE DIRECTOR)
  • JENNIFER PAULY START DEC '24 (EXECUTIVE DIRECTOR)
  • MARY RICCIARDI (President)
  • EDWARD PERLMAN (Vice President)

Highest reported compensation

  • KEVIN LEARY RESIGN JUNE '24 (EXECUTIVE DIRECTOR): $33,750 total reported compensation
  • MARIA TA-PHAKKHONKHAM (INTERIM EXECUTIVE DIRECTOR): $18,000 total reported compensation
  • JENNIFER PAULY START DEC '24 (EXECUTIVE DIRECTOR): $3,269 total reported compensation

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

Overview

Mission

To protect the landmark building, preserve cultural heritage, and promote arts and cultural experiences.

What it reported doing in 2024

The niagara arts and cultural center, inc. Provides for an arts, cultural and community learning center in niagara falls, New York. The multi-faceted mission of the center includes: offering on-going arts and cultural education in the community; serving as a viable cultural tourist destination; preservation and utilization of our historic, landmark building; providing affordable studio and office space to area artists and art groups; making a wide variety of artistic and cultural presentations accessible to the community; and, serving as a gathering place for community events and groups.

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 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. 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: 32
  • Transparency & Controls: 92
  • Accountability: 79
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 14.8%; rating input score 15
  • Program expense ratio: 53.1%; rating input score 53
  • Fundraising efficiency: $15.54 raised per $1 spent on fundraising; rating input score 52; 52nd 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: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 73.8%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 5.82; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 9.6%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 12.3% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 4.3% per year; rating input score 100; 31st percentile among comparable filings

Details

  • Where the money goes: 14.8% of revenue deployed · 53.1% of spending went to programs
  • Governance: 12 of 12 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $305K in reported program spending
  • Leadership: top reported pay $34K · 17 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 15/100.
  • Review — Financial Efficiency: Program expense ratio scored 53/100.
  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 52/100.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.