Artolution Inc
Nonprofit profile at a glance
- EIN
- 814062000
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Brooklyn, NY, USA
- Phone
- 9178641997
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $1,254,920
- Expenses
- $745,871
- Assets
- $756,287
- Liabilities
- $87,678
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- JOEL BERGNER (CO-FOUNDER, CEO)
Highest reported compensation
- JOEL BERGNER (CO-FOUNDER, CEO): $97,500 total reported compensation
- MAX FRIEDER (CO-FOUNDER, CHIEF CREATIVE OFFICER): $97,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Art projects to engage members of the community to alleviate trauma caused by conflict, and assisting organizations and individuals in the accomplishment of similar purposes.
What it reported doing in 2024
Artolution, inc. Is a community based public art organization that seeks to ignite positive social change through collaborative art making, facilitating projects around the world that connect diverse peoples in order to address common social objectives.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - Program spending has grown recently and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 55
- Accountability: 55
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.4%; rating input score 45
- Program expense ratio: 77.4%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 71.4%; rating input score 71; 15th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 40.6%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 1.01; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 26.1%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 14.1% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 11.7% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 0.7% per year; rating input score 100; 20th percentile among comparable filings
Details
- Where the money goes: 45.4% of revenue deployed · 77.4% of spending went to programs
- Governance: 5 of 7 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $578K in reported program spending
- Leadership: top reported pay $98K · 8 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes major donors and foreign activity
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 2 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: Mission deployment rate scored 45/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.