Actors' Equity Foundation Inc
Nonprofit profile at a glance
- EIN
- 132513378
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2128698530
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Federated Giving Programs
Reported finances
- Revenue
- $192,855
- Expenses
- $245,109
- Assets
- $4,578,167
- Liabilities
- $1,574
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- ALVIN VINCENT JR (DIRECTOR/CEO)
- JUDY RICE (PRESIDENT)
- PAIGE PRICE (VICE PRESIDENT)
Highest reported compensation
- ALVIN VINCENT JR (DIRECTOR/CEO): $434,062 total reported compensation
- JOAN GLAZER (MANAGING DIRECTOR): $102,444 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To benefit members of the acting profession; increase cooperation among those who work in or on behalf of the theatrical profession; contribute to the advancement of the theatrical profession; and work to improve the state of the theater.
What it reported doing in 2024
The foundation provides education programming in the form of various career development workshops, both in person and remotely, to individuals of the acting profession. Since the inception of the program we've produced approximately two per year including: master class for musical theatre singing, stage combat workshop, adding tools to your acting toolbox, vocal health seminars, audition stress management. These classes have served several hundred people.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 60% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 53
- Accountability: 77
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.7%; rating input score 91
- Program expense ratio: 81.4%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 22.5%; rating input score 22; 39th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.3%; rating input score 92; 25th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -27.1%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 18.68; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 41.8%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 1.7% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: -0.2% per year; rating input score 0; 23rd percentile among comparable filings
- Asset growth: 3% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 90.7% of revenue deployed · 81.4% of spending went to programs
- Governance: 12 of 13 board members independent · 5 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $199K in reported program spending
- Leadership: top reported pay $434K · 13 people listed · 0 of 6 pay-setting controls reported
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 3 filed related-organization links
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 22/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 11/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.