Vero Beach Museum of Art Inc

Nonprofit profile at a glance

EIN
591867408
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Vero Beach, FL, USA
Phone
7722310707
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts Education

Official website

Reported finances

Revenue
$69,441,773
Expenses
$9,581,094
Assets
$109,565,806
Liabilities
$2,450,940

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

Leadership & pay

26 people listed

Executive titles in this filing

  • BRADY ROBERTS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • BRADY ROBERTS (EXECUTIVE DIRECTOR): $346,157 total reported compensation
  • CARIDAD WEBER (DIRECTOR OF FINANCE): $121,909 total reported compensation
  • JOHN SAFRANEK (CFO/COO): $41,367 total reported compensation

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

Overview

Mission

The vero beach museum of art provides cultural leadership and enrichment for the public through a wide variety of educational, studio art and humanities programs; a diversity of quality exhibitions; and the collection, preservation and presentation of important american and international works of art.

What it reported doing in 2024

Exhibitions & collections - the museum provides cultural enrichment for the public through temporary art exhibitions, exploration in the humanities, professional studio and classroom instruction for all ages, and a permanent art collection. New programs, supported by marketing strategies to reach new audiences are created to encourage increased participation. Exhibitions presented during 2024-2025 included: photographs by robert landau: rock n' roll billboards on the sunset strip (attendance 11,358); glass work by john miller: roadside reverie (attendance 9,991); monet to matisse - french moderns (attendance 36,002); robert farber's fashion photography - timelss (attendance 25,103); selections from the permanent collection (attendance 47,717); sculptures from the permanent collection (attendance 13,487).

Operating model

Revenue model
Donor-supported. 91% 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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 33
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 86
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 9.7%; rating input score 10
  • Program expense ratio: 60.8%; rating input score 61
  • Fundraising efficiency: $30.62 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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; 77th percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 86.2%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 11.44; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 93; 93rd percentile among comparable filings
  • Officer compensation ratio: 5.3%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 6.1% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 14% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 9.7% of revenue deployed · 60.8% of spending went to programs
  • Governance: 23 of 23 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $5.8M in reported program spending
  • Leadership: top reported pay $346K · 26 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.