Almanack Arts Colony Inc

Nonprofit profile at a glance

EIN
474241165
IRS 990-EZ coverage
2020–2024
Forms available
Form 990 2019, Form 990-EZ 2024, Form 990-N 2016
Location
New York, NY, USA
Phone
2124855400
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$106,608
Expenses
$121,765
Assets
$8,628
Liabilities
$74,582

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • JOHN JOHNSON (VICE PRESIDENT)
  • CALLAHAN KEVER (EXECUTIVE DIRECTOR)

People named in this filing

  • EMMA CANARICK (CHAIR)
  • JOHN JOHNSON (VICE PRESIDENT)
  • GREG OZZIMO (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To establish a multi-use, multi-disciplinary artist colony that will provide artists and arts organizations with the opportunities to immerse themselves fully in their work where they can create new work, foster new ideas and collaborate across disciplines and artistry in an inspiring environment that is insulated from market pressures.

What it reported doing in 2024

Almanack arts colony hosted artists in residence in 2024, providing travel, food, and respite over the course of the year for individual artists and groups. We hosted over 15 songwriters and 20+musicians, 2 screenwriters and two playwrights this summer as part of the summer residency program. We held two fundraisers on-site in 2024.

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 - The filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 100
  • Sustainability: 9
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.3%; rating input score 66
  • Program expense ratio: 44.2%; rating input score 44

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -14.2%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 0.07; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 8.64; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 39.4%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: -9.8% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -9.3% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -19.3% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 66.3% of revenue deployed · 44.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $54K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 5 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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 — Financial Efficiency: Program expense ratio scored 44/100.
  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.