AI Transparency Report
Friends Of The Constellation Brands Marvin Sands Performing Arts Ctr demonstrates a generally stable financial position with significant revenue generation, averaging over $9 million annually in recent years. The organization consistently operates with a surplus, as seen in 2023 with revenues of $9,859,345 against expenses of $9,552,883, and in 2022 with revenues of $14,864,905 against expenses of $13,216,850. This consistent surplus indicates sound financial management and an ability to cover operational costs. The organization's assets have also shown growth, reaching $16,078,548 in 2023, providing a solid financial foundation.
Spending efficiency appears reasonable, with expenses generally tracking below revenues. While specific program spending ratios are not detailed in the provided data, the overall financial health suggests that the organization is effectively managing its resources. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led executive team or compensation structured in a way not reported as officer compensation on the 990, which could contribute to lower administrative overhead.
Transparency regarding executive compensation is high, as no officer compensation has been reported in any of the 13 filings. This suggests either a fully volunteer executive leadership or that compensation is structured differently and not categorized as 'officer compensation' on the 990. The consistent filing of IRS Form 990s over a long period (13 filings) also indicates a commitment to regulatory compliance and financial transparency.