Weatherspoon Art Museum Association

Nonprofit profile at a glance

EIN
237111684
IRS 990 coverage
2011–2018
Forms available
Form 990 2018
Location
Greensboro, NC, USA
Phone
3363345200
Rating confidence
Limited
Sector
Single Organization Support

Reported finances

Revenue
$0
Expenses
$286,043
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

33 people listed

Executive titles in this filing

  • TERRI CAMEAN MAULTSBY (PRESIDENT)

People named in this filing

  • TERRI CAMEAN MAULTSBY (PRESIDENT)
  • CARRIE HAGAN STEWART (SECRETARY)
  • CHARLES ANTHONY MAIMONE (TREASURER)

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 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To further the visual arts program in the community of the university of North Carolina at greensboro.

What it reported doing in 2018

The fiscal year of 2018-2019, saw multiple gallery exhibitions. The main exhibit of the year included a national curated exhibit of dread and delight, a modern take on fairy tales. Attendance for the museum was over 38,000 during the fiscal year and included increased educational visits. The association continued to host successful events during the year, including art on paper. During the year, the organization merged into uncg excellence foundation, inc. Weatherspoon art museum association's program will be continued by uncg excellence foundation, inc.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 93
  • Accountability: 88
  • Sustainability: 8
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

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; 79th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 4.1% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: -4.4% per year; rating input score 0; 47th percentile among comparable filings
  • Asset growth: -4.9% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 33 of 33 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $286K in reported program spending
  • Leadership: top reported pay $0 · 33 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 8 filing years from 2011 to 2018
  • 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 — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.