Artists of Yardley
Nonprofit profile at a glance
- EIN
- 201977557
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Yardley, PA, USA
- Phone
- 2154931205
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $364,654
- Expenses
- $327,683
- Assets
- $107,216
- Liabilities
- $853
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- GRANT COHEN (Vice President)
- Mary Ellen Bornak (President)
People named in this filing
- ELISSA GOLDBERG (Director)
- MICHAEL SALVATO (Director)
- SAMIR BHOLA (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote, celebrate, and popularize area artiststo elevate public awareness of visual arts in the communityto establish venues for shows and exhibitionsto share ideas and information through networking and discourseto establish a contact point for local art collectorsto achieve creative growth as artists through education
What it reported doing in 2024
Conducted summer art camps for 5-14 year old children during a 9-week period in july and august. Approximately 300 campers attended a variety of courses that consisted of half-day sessions. Free tuition was provided for several children who would not have otherwise been able to attend
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 83
- Accountability: 88
- Sustainability: 47
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.3%; rating input score 79
- Program expense ratio: 89.2%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th 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; 63rd 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: 10.1%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: 13.3% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: -0.5% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 79.3% of revenue deployed · 89.2% of spending went to programs
- Governance: 14 of 14 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $292K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 25 of 26 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
- 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.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.