Artshack Brooklyn Inc

Nonprofit profile at a glance

EIN
811692702
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-EZ 2016
Location
Brooklyn, NY, USA
Phone
3474173304
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts Education

Official website

Reported finances

Revenue
$2,206,212
Expenses
$2,349,364
Assets
$1,373,382
Liabilities
$1,212,845

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

Leadership & pay

8 people listed

Executive titles in this filing

  • MCKENDREE KEY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MCKENDREE KEY (EXECUTIVE DIRECTOR): $112,546 total reported compensation

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

Overview

Mission

The organization's primary mission is to foster creativity, self-respective, and empower people through the use of ceramics.

What it reported doing in 2024

The organization runs a community ceramics studio, gallery, and cafe. Through donations and grants, the organization subsidizes classes and memberships to individuals. In addition, in 2024, they were able to: host 450+ children from ps 3, a local title one school, 100% free of charge.provide full scholarships to 15% of after school students (a total of 30 kids), 18% of summer campers (a total of 18 kids) and 11% of holiday campers (a total of 30 kids).provide full scholarships to 126 black & brown bed-stuy adults.hold 10 community days serving over 400 people from the bedford-stuyvesant community, free of charge.host 5 artists-in-residence, providing free studio space to produce work, showcasing their work in our gallery, and providing opportunities to teach community clay days.continue a 100% subsidized school partnership with bedford academy high school, a local high-performing, title 1 school, where students attend a weekly ceramics class, which is their only access to visual arts.hold our 7th annual holiday sale to support our scholarships through the sales of kid-designed ceramics.celebrate a full year of the cafe, which is an entirely plastic free establishment that services coffee, tea, wine and food on ceramics made at artshack.food is created by chef silvia barban

Operating model

Revenue model
Earned-program. 89% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 22
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.7%; rating input score 96
  • Program expense ratio: 89.8%; rating input score 90
  • Fundraising efficiency: $3.84 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 17th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6.5%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 0.58; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.88; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 4.8%; rating input score 55; 55th percentile among comparable filings

Growth

  • Program expense growth: 26.1% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 24.5% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 33% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 95.7% of revenue deployed · 89.8% of spending went to programs
  • Governance: 6 of 7 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.1M in reported program spending
  • Leadership: top reported pay $113K · 8 people listed
  • Highest-paid contractors: 1 contractor listed · $280K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 12/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 18/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • Review — Sustainability: Officer compensation ratio scored 55/100.