FOUNDATION FOR ARTS AND CULTURAL CONNECTIONS INC
Mission Statement
The FOUNDATION FOR ARTS AND CULTURAL CONNECTIONS, Inc. creates arts and cultural experiences for the community. FACC works to provide multiple opportunities for interactive experiences through festivals, school and community programming and projects, special events, exhibitions and installations, public works of art, design, and architectural and environmental initiatives. By developing partnerships for educational opportunities, dialogue, experimentation, and appreciation of the arts, design and applied arts, nature and sustainability, FACC participates in the co-mingling of disciplines, and the conversation around interesting new ideas to promote enrichment, change and growth in the community.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
97.0% | 82.0% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
3.0% | 14.1% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.6 mo | 9.8 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 1.8% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
82.0% | 79.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-9.3% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
0.4% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-9.9% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $347K | $381K | $115K | 97.0% | 0 |
| 2023 | $382K | $380K | $149K | 97.0% | 0 |
| 2022 | $323K | $296K | $146K | 95.3% | 0 |
| 2021 | $354K | $249K | N/A | — | 0 |
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