Woodlands Waterway Arts Council Inc

Nonprofit profile at a glance

EIN
202239984
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
The Woodlands, TX, USA
Phone
8323049863
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Performing Arts Organizations

Official website

Reported finances

Revenue
$1,255,764
Expenses
$1,291,099
Assets
$976,394
Liabilities
$271,316

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

Leadership & pay

25 people listed

Executive titles in this filing

  • GLEN RECTOR (Past-President)
  • HALEY GARCIA (President)
  • TED HARRIS (Vice President)

People named in this filing

  • GLEN RECTOR (Past-President)
  • JUAN ABUGABER (Past-Director)
  • HALEY GARCIA (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote and educate people about the performing and visual arts as authorized by the Texas non-profit corporations act.

What it reported doing in 2024

The Because Art Matters committee is responsible for year-round programming at TWAC. Our critical aim is to impact Montgomery County arts educators, students, and organizations through programs that support their endeavors. The Student Art Scholarship program invites graduating seniors to submit a three(3) piece portfolio of visual and/or literary works of art and answer questions about their creative process. Students are then interviewed by a jury of arts professionals in the community to discern awards. In 2025, we awarded $60,000 to 14 talented students from across Montgomery County, including a $20,000 scholarship to a truly outstanding student, marking our 20th year as an organization. The microgrant program offers three groups arts educators, artists, and arts organizations the chance to apply for funds for projects with budgets ranging from $250 to $5,000. In 2025, we awarded $35,000 to visual arts applicants and facilitated an additional $43,000 in partnership with The Cynthia Woods Mitchell Pavilion for performing arts applicants, totaling $78,000 in grants. In 2024-2025, a total of $95,000 was awarded through our Student Art Scholarship program and Microgrant program. In the past decade, $1.4 million has been distributed through BAM programming.

Operating model

Revenue model
Earned-program. 75% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 85% 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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 89
  • Accountability: 79
  • Sustainability: 36
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 53.7%; rating input score 54
  • Program expense ratio: 53.8%; rating input score 54
  • Fundraising efficiency: $2.61 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 84%; rating input score 84; 20th 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: -2.8%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 0.76; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: -2.8% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: 5.7% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 53.7% of revenue deployed · 53.8% of spending went to programs
  • Governance: 21 of 25 board members independent · 5 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $695K in reported program spending
  • Leadership: top reported pay $0 · 25 people listed
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 54/100.
  • Review — Financial Efficiency: Program expense ratio scored 54/100.
  • High — Financial Efficiency: Fundraising efficiency scored 8/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 28/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.