Vision of the Arts Fund
Nonprofit profile at a glance
- EIN
- 474319865
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-N 2016
- Location
- Woodland Hills, UT, USA
- Phone
- 8017631602
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
- Affiliation
- Christianity
Reported finances
- Revenue
- $30,589
- Expenses
- $17,407
- Assets
- $151,669
- Liabilities
- $5
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- J KIRK RICHARDS (PRESIDENT)
People named in this filing
- CRIS BAIRD (BOARD MEMBER)
- GINGER EGBERT (BOARD MEMBER)
- SCOTT HIGGINSON (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The vision of the arts fund is a not-for-profit organization dedicated to funding, cultivating, promoting, and sustaining the arts and development of artists in the church of jesus christ of latter-day saints art community.
What it reported doing in 2024
In 2024, the vision of the arts fund held two artwork auctions to raise scholarship and grant funds for the artists. The organization accomplished its goal of increasing the diversity and quality of artwork being created in the religious art community by enlisting approximately 85 artists of varying styles to donate original artworks, and by disbursing scholarships and grants to qualifying artists to further their career opportunities and technical skills.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 90% of its reported program spending out as grants.
- 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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 94
- Accountability: 76
- Sustainability: 69
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.8%; rating input score 41
- Program expense ratio: 65.3%; rating input score 65
- Fundraising efficiency: $10.2 raised per $1 spent on fundraising; rating input score 53; 53rd 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; 80th 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 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- 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: 43.1%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 8.71; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -36.7% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: -8.3% per year; rating input score 0; 35th percentile among comparable filings
- Asset growth: 9.9% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 40.8% of revenue deployed · 65.3% of spending went to programs
- Governance: 7 of 7 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $11K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 53/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.