ART FAIR 14C Inc

Nonprofit profile at a glance

EIN
843652982
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Jersey City, NJ, USA
Phone
2014169067
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$86,137
Expenses
$94,377
Assets
$0
Liabilities
$56,877

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

Leadership & pay

7 people listed

Executive titles in this filing

  • Robinson Holloway (Executive Director)

People named in this filing

  • Renuka Sawhney (Director)
  • Siae Sung (Director)
  • Cynthia Hadjiyannis (Director)

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

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

Overview

Mission

To support the visual arts and artists year-round by increasing the opportunities for artists, expanding the public's access to fine art, strengthening careers in visual art, and activating under-recognized art regions.

What it reported doing in 2024

Gallery 14C Exhibition arm of Art Fair 14C a mission based non-profit artfair in Jersey City NJ. To further our goal to strengthen and support the visual arts and careers in the visual arts through the expansion and creation of opportunities for NJ based artists we applied and secured a booth at AQUA Miami during Miami Art Week. This global leading art event drew an estimated 100K attendees to Miami from 92 different countries. Gallery 14C presented the works of 40 different NJ based artists to this global audience. In addition to generating a number of art Sales, Gallery 14C made meaningful connections with collectors outside our network and growing our database on an international scale. In addition, we presented 4 different exhibitions in our gallery space in Jersey City.

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. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 81
  • Accountability: 88
  • Sustainability: 30
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.1%; rating input score 79
  • Program expense ratio: 72.2%; rating input score 72
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -9.6%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -37.6% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -40.5% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: -11.2% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 79.1% of revenue deployed · 72.2% of spending went to programs
  • Governance: 7 of 7 board members independent · 5 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $68K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 39 of 40 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.