AS 220

Nonprofit profile at a glance

EIN
222754566
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Providence, RI, USA
Phone
4018319327
Rating
88
Verdict
STRONG
Rating confidence
Standard
Sector
Performing Arts Organizations

Reported finances

Revenue
$2,531,181
Expenses
$3,332,093
Assets
$13,765,393
Liabilities
$3,850,560

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

Leadership & pay

16 people listed

Executive titles in this filing

  • Ashley Newmann (Co-Executive Director)
  • Shauna Duffy (Co-Executive Director)

Highest reported compensation

  • Ashley Newmann (Co-Executive Director): $89,922 total reported compensation
  • Shauna Duffy (Co-Executive Director): $81,702 total reported compensation

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

Overview

Mission

We the people of Rhode Island associate ourselves for the purpose of providing a local forum and home for the arts through the maintenance of residential and work studios galleries performance and educational spaces. Exhibitions and performances in the forum will be unjuried uncensored and open to the general public. Our facilities and services are made available to all artists who need a place to exhibit perform or create their original artwork especially those who cannot obtain space to exhibit or perform from traditional sources because of financial or other limitations. AS220 envisions a just world where all people can realize their full creative potential.

What it reported doing in 2024

LIVE ARTS & GALLERIES: We provide an unjuried uncensored all ages forum for the arts; every artist residing in Rhode Island has the opportunity to exhibit or perform their original work in our venues. AS220 presents an extraordinary range of activities and our unjuried and uncensored booking policy ensures that a limitless variety appears on our stages and on our walls. Live Arts venues include the Main Stage the Black Box and Psychic Readings and these venues host live music theater dance performance art poetry slams film screenings late night programming fashion shows workshops festivals and more. In fiscal year 2025 Live Arts presented over 400 performances events and workshops with over 4,200 artists and public attendance of over 19,000. The AS220 Galleries include the Main Gallery the Project Space the Reading Room the Resident Gallery and the Aborn Gallery and feature visual artists working in various mediums on a monthly rotating schedule. In fiscal year 2025 the galleries curated exhibitions featuring 95 visual artists including 37 first-time exhibitors with attendance of over 5,100. In the Aborn Gallery we also continued to intentionally curate timely exhibitions. This model is now being used to support artists and curators who otherwise would not have an opportunity to show work with a focus on projects that: engage with critical social issues relevant to and urgent in our community; present projects that bring new voices to the gallery and AS220 community; uplift artists at critical junctions in their career; and might be outside the traditional parameters of a gallery exhibition and or push against boundaries of the mainstream.

Operating model

Revenue model
Other-operating. 67% of the money available for current operations came from other operating 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 36
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 76.9%; rating input score 77
  • Fundraising efficiency: $6.29 raised per $1 spent on fundraising; rating input score 23; 23rd 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: -31.6%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 4.13; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 36; 36th percentile among comparable filings
  • Officer compensation ratio: 5.2%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: 2.6% per year; rating input score 100; 25th percentile among comparable filings
  • Revenue growth: -0.9% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 3.1% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 76.9% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 5 filed program accomplishments · $2.6M in reported program spending
  • Leadership: top reported pay $90K · 16 people listed
  • Consistency: 43 of 43 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • 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 23/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 36/100.
  • Review — Sustainability: Officer compensation ratio scored 52/100.