FY Eye Inc

Overview

Mission

See Schedule O For Organizations Mission.

What it reported doing in 2024

F.Y. Eye is a nonprofit media agency that works with other nonprofits and government organizations to build public awareness about a variety of important social, civic, educational and health- based issues in order to get trusted and reliable information to marginalized and vulnerable populations. F.Y. Eye achieves this mission through a variety of low-cost and free media services, the cornerstone of which is their PSA Network, a free digital out-of -home advertising network located in trusted nonprofit spaces across NYC. F.Y. Eye provides nonprofits with a variety of low-cost creative services including outreach campaigns, digital media strategies, media buying and donated media placements. F.Y. Eyes innovative model also includes its Impact Artist Network, a community of socially engaged photographers, illustrators, painters, sculptors and more who partner with us to create the most powerful and successful amplification possible for its

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.

Nonprofit profile at a glance

EIN
043815653
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Headquarters
New York, NY, USA
Phone
2128329170
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Support N.E.C.

Official website

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: 79
  • Transparency & Controls: 74
  • Accountability: 84
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.4%; rating input score 86
  • Program expense ratio: 84.2%; rating input score 84
  • Fundraising efficiency: $7.75 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 8.9%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 4.49; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.54; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 20.6%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 22.2% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 16.3% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 20.7% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 86.4% of revenue deployed · 84.2% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $596K in reported program spending
  • Leadership: top reported pay $146K · 9 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 5 annual filings from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Leadership & pay

9 people listed

Highest reported compensation

  • Christina Daigneault (Executive Director): $145,935 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.