Cycladic Art Foundation Co Forvis Mazars Llp
Overview
Mission
The purpose of the foundation is to devote and apply its income to charitable and educational purposes including but not limited to encouraging research, study and dissemination of information, and greater understanding of cycladic and ancient greek art by contributions to organizations duly authorized to carry on charitable or educational activities. The foundation will focus on supporting specific projects such as research projects, art projects, museum and other exhibitions concerning primarily cycladic art.
What it reported doing in 2024
The organization provided support to the museum of cycladic art. In addition, the organization sponsored internships and other awards as part of its mission.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
Nonprofit profile at a glance
- EIN
- 133863135
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Headquarters
- Woodbury, NY, USA
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Foundations
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 the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 81
- Accountability: 82
- Sustainability: 95
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 12.8%; rating input score 13
- Program expense ratio: 73.2%; rating input score 73
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- 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
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 90.2%; rating input score 99; 99th percentile among comparable filings
- Operating reserve ratio: 26.27; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: -1% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: 13% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 4.3% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 12.8% of revenue deployed · 73.2% of spending went to programs
- Governance: 7 of 7 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $79K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 6 filed schedules · includes major donors and foreign activity
- Filing history: 14 annual filings from 2011 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.