206 Universal Dba 206 Zulu
Nonprofit profile at a glance
- EIN
- 270807517
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Seattle, WA, USA
- Phone
- 2069316069
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Alumni Associations
Reported finances
- Revenue
- $408,562
- Expenses
- $504,485
- Assets
- $116,483
- Liabilities
- $194,812
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- DANIEL KOGITA (EXECUTIVE DIRECTOR)
Highest reported compensation
- DANIEL KOGITA (EXECUTIVE DIRECTOR): $70,200 total reported compensation
- JUDI MARTINEZ (CO-DIRECTOR): $70,200 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
206 universal is a non-profit organization dedicated to providing accessible spaces while serving communities through the upliftment, preservation, and celebration of hip hop culture.
What it reported doing in 2024
Rental program, beats to the rhyme, beat masters. 206 zulu programs include a range of one-off, weekly, monthly and annual events and projects throughout seattle/king county, including hip hop and community oriented dances, competitions, concerts, showcases, open mics, charity events, community service projects, workshops, conferences, festivals, art shows and more. Accessible: programs are centrally located within various areas of seattle and accessible regardless of income, locality or ability. Diverse: all inclusive programs bring a wide array of attendees from different neighborhoods, cultural backgrounds, religions and ages. Empowering: from musical concerts to participatory open mics and educational classes to benefit shows, 206 zulu offers programs that are uplifting and serve the community. Fun: the main ingredient in 206 zulus programs are that they are fun. Interactive functions build community and a sense of family. Https://www.206zulu.org/programs/
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 86
- Accountability: 72
- Sustainability: 11
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.4%; rating input score 91
- Program expense ratio: 73.9%; rating input score 74
- Fundraising efficiency: $4.6 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -23.5%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.23; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 1.67; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 27.8%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 9.6% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 15.3% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 11.5% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 91.4% of revenue deployed · 73.9% of spending went to programs
- Governance: 4 of 4 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $373K in reported program spending
- Leadership: top reported pay $70K · 6 people listed
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 6 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 20/100.
- High — Sustainability: Operating margin scored 12/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 12/100.