Wareham Hall Renovation Fund

Nonprofit profile at a glance

EIN
881181038
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Manhattan, KS, USA
Phone
7853206621
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$10,269,835
Expenses
$521,078
Assets
$13,651,419
Liabilities
$152,621

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

Leadership & pay

16 people listed

Executive titles in this filing

  • JACKIE HARTMAN BORCK (PRESIDENT)

Highest reported compensation

  • BLADE MAGES (EXECUTIVE DI): $89,134 total reported compensation

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

Overview

Mission

Maintain and operate a community performance space to provide a wide range of arts programming and educational opportunities and exposure to the arts. Highlight local performers, artists and ensembles, and preserve the city's last historic theater

What it reported doing in 2024

Wareham hall renovation fund is a not-for-profit charitable organization established to operate exclusively for the benefit of, to perform the functions of, or carry out the purpose of wareham hall, inc., a tax-exempt organization under section 501(c)(3) of the IRS code. Wareham hall renovation fund will hold title to the real estate upon which wareham hall, inc. Will operate its community performance space. Wareham hall renovation fund may also receive donations from donors to be used for the benefit of wareham hall, inc.

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 65% of its reported program spending out as grants.

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: 32
  • Transparency & Controls: 94
  • Accountability: 63
  • Sustainability: 97
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 4.8%; rating input score 5
  • Program expense ratio: 60.6%; rating input score 61
  • Fundraising efficiency: $70.92 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd 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; 66th percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 94.9%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 26.2; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 0.5%; rating input score 89; 89th percentile among comparable filings

Growth

  • Program expense growth: 92.6% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 100.6% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 104% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 4.8% of revenue deployed · 60.6% of spending went to programs
  • Governance: 15 of 15 board members independent · 1 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $316K in reported program spending
  • Leadership: top reported pay $89K · 16 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 5/100.
  • High — Accountability: Governance controls: 6 of 7 not reported.