Secac EIN 56-1062475

Secac FY2022 filing

EIN  56-1062475 Public charity (501(c)(3)) Marietta, GA Founded 1942
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes visual arts education in colleges and universities.
Leadership
Earnestine Jenkins · Director
Money in and out
$222K revenue, $205K expenses
Bottom line
87% program efficiency

Promotes visual arts education in colleges and universities. For fiscal year 2022 it reported $222K in revenue, $205K in expenses, and $634K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$222K
Pt VIII · Ln 12
Total expenses
$205K
Pt IX · Ln 25
Net assets
$634K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $17K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs
Operating runway
37.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$222K
FY2022▲ +69%
Expenses
$205K
FY2022▲ +103%
Total assets
$636K
FY2022▼ -14%
Total liabilities
$2K
FY2022▲ +44%
Total revenue
$222K
Pt VIII · Ln 12
Total expenses
$205K
Pt IX · Ln 25
Net assets
$634K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$17K
Total assetsPt X · Ln 16$636K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 326
Independent voting membersPt I · Ln 426
Mission & Programs · Part III

Where the work happens

3 program services account for $179K of program spending, described in the organization's own filed words · FY2022.
01

Annual Conference. Provides venue for scholarship, governance, and education.

$145Kprogram expense
02

Grants (Artists Fellowship, established 1981, and Levin Award, established 2014) for the purposes of supporting member artists and art historians, and to encourage individual creative growth, the development of new ideas for exhibitions, publications, and creative projects.

$29Kprogram expense
03

Publishing the organizations journal and member newsletter.

$4Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSecac
EINHdr · item D56-1062475
Principal addressHdr · item CMarietta, GA
WebsiteHdr · item Jwww.secacart.org
Year of formationHdr · item L1942
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1978

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a26
Independent voting membersPt VI · Ln 1b26
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Conference Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Tracy Stonestreet$15,000$16,250

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$134K · 60%
Contributions & grants$58K · 26%
Investment income$31K · 14%
Program service revenue60%$134K
Contributions & grants26%$58K
Investment income14%$31K
Total revenueLn 12$222K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$179K
Management & general13%$26K
Total functional expensesLn 25$205K

Balance Sheet

Part X · end of year
CashLn 1$46K
Total assetsLn 16$636K
Total liabilitiesLn 26$2K
Total net assetsLn 32$634K
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $636K · Operating expenses/yr $205K
37.2 months
Where the money goes
Program services
Program services $179K · Total expenses $205K
87%
Management & General
Management & general $26K · Total expenses $205K
13%
Fundraising
Fundraising $0 · Total expenses $205K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $56K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $58K · Total revenue $222K
26%
Government reliance
Government grants — · Total revenue $222K
Earned-income share
Program service revenue $134K · Total revenue $222K
60%
Investment reliance
Investment income $31K · Total revenue $222K
+14%
Program self-sufficiency
Program service revenue $134K · Total expenses $205K
65%
Growth & trend
Revenue growth (YoY)
This year $222K · Prior year $131K
+69%
Net-asset trend (YoY)
End of year $634K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $222K · Expenses $205K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $636K
Net-asset ratio
Net assets $634K · Total assets $636K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $591K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $636K
93%
People & payroll
Highest Reported Total Compensation
Individual Earnestine Jenkins · Reported title Director · Highest reported compensation $0 · Total expenses $205K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $57K · Total expenses $205K
28%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth 69%
Investment management fee ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $144K · 2020–2025
Unitemized GrantFY2025$22,192
Unitemized GrantFY2025$4,600
Unitemized GrantFY2024$21,156
Unitemized GrantFY2024$4,800
Unitemized GrantFY2023$19,212
Unitemized GrantFY2023$4,800
Unitemized GrantFY2022$19,636
Unitemized GrantFY2022$9,440
Unitemized GrantFY2021$20,441
Unitemized GrantFY2020$17,577

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$309K revenue · ⤓ 990 PDF
FY2024$282K revenue · ⤓ 990 PDF
FY2023$220K revenue · ⤓ 990 PDF
FY2022$222K revenue · viewing · ⤓ 990 PDF
FY2021$131K revenue · ⤓ 990 PDF
FY2020$134K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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