Venues for Artists in the Local Area
Nonprofit profile at a glance
- EIN
- 273754517
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Redmond, WA, USA
- Phone
- 2068536385
- Rating
- 43
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Visual Arts Organizations
Reported finances
- Revenue
- $40,012
- Expenses
- $48,104
- Assets
- $8,467
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- Jessica Lambert (President)
People named in this filing
- Jessica Lambert (President)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Arts education by community arts building and bringing and giving local artists a venue to bring their art to the local community
What it reported doing in 2024
Redmond Arts Festival
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up. 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: 17
- Transparency & Controls: 82
- Sustainability: 30
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 17.9%; rating input score 18
- Program expense ratio: 14.9%; rating input score 15
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -20.2%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -15.2% per year; rating input score 0; 21st percentile among comparable filings
- Revenue growth: -0.2% per year; rating input score 0; 50th percentile among comparable filings
- Asset growth: -0.7% per year; rating input score 0; 36th percentile among comparable filings
Details
- Where the money goes: 17.9% of revenue deployed · 14.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $7K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2015 to 2024
- 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 18/100.
- High — Financial Efficiency: Program expense ratio scored 15/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.