Aurea
Nonprofit profile at a glance
- EIN
- 202229979
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Providence, RI, USA
- Phone
- 4013310543
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $68,735
- Expenses
- $53,084
- Assets
- $66,958
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Amy Goldstein (Vice President)
- Rene Abeles (President)
People named in this filing
- Brenda Gaynor (Director)
- Jordan Verner (Director)
- Peter Allen (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Aurea's mission is to investigate and invigorate the relationship between music and the spoken word. Aurea aspires to unify the humanities and fine arts in dynamic, accessible & engaging ways through performance and educational outreach. Aurea's concerts combine poetry with classical, folk and contemporary music, to create performances that sweep from intimate chamber settings to major theatrical venues.Their eclectic humanities-based repertoire, featuring an extraordinary string ensemble, is built on a strong musical framework of original or previously composed music with eloquent spoken word including poetry, journals, and prose; laced together with soaring harmonica improvisations. Aurea collaborating guest artists have included musicians, actors, puppeteers, dancers and visual artists
What it reported doing in 2024
In 2024, Aurea highlights included a September collaboration with Ballet RI , with Aurea string trio and Harmonica player and reader, Chris Turner , for a well attended outdoor performance at the Roger Williams Park Temple to Music for an Art in the Park event. In March, Aurea was asked to perform its Melville and the great white whale concert for the Bristol Book Festival's culminating concert, , featuring reader Nigel Gore. Harmonica player, Chris Turner, and the Aurea string quartet. Tree of the World, featuring music and poetry from Eastern and Western cultures , with guest pipa player, Yang Wei, String quartet, harmonica and spoken word, was another very enthusiastically received program in April. Aurea performed Melville and the Great White Whale for the Pawtucket Arts Festival at Slater Mill. A Child's Christmas in Wales, Aurea's signature holiday program was performed in December.
Operating model
- Revenue model
- Donor-supported. 72% 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.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 100
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.5%; rating input score 70
- Program expense ratio: 90%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 22.8%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 1.26; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 22.9%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 1.7% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 11.6% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 69.5% of revenue deployed · 90% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $48K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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 — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Sustainability: Officer compensation ratio scored 7/100.