Broadway Caresequity Fights AIDS Inc

Nonprofit profile at a glance

EIN
133458820
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
New York, NY, USA
Phone
2128400770
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$32,608,606
Expenses
$31,686,406
Assets
$16,811,351
Liabilities
$5,318,273

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

Leadership & pay

60 people listed

Executive titles in this filing

  • TOM KIRDAHY (THIRD VICE PRESIDENT)
  • IRA MONT (FIRST VICE PRESIDENT)
  • THOMAS SCHUMACHER (EXECUTIVE VICE PRESIDENT)
  • ROBERT WANKEL (PRESIDENT)
  • SCHELE WILLIAMS (SECOND VICE PRESIDENT)

Highest reported compensation

  • TOM VIOLA (EXEC. DIRECTOR THROUGH 12/31/24): $458,276 total reported compensation
  • DANIEL WHITMAN (EXEC. DIRECTOR AS OF 1/1/25): $250,190 total reported compensation
  • LAWRENCE COOK (DIRECTOR OF FINANCE/ADMIN): $233,407 total reported compensation

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

Overview

Mission

See schedule o.

What it reported doing in 2024

Outreach programs to provide information, increase awareness, and promote public support for men, women and families living with and/or affected by HIV/AIDS. These programs are nationwide and promote red ribbon retail items, theater community outreach activities, school and college theater program outreach, and dance studio and convention program outreach. These programs reach thousands of young adults.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 71% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 66
  • Accountability: 99
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.5%; rating input score 79
  • Program expense ratio: 81.3%; rating input score 81
  • Fundraising efficiency: $8.63 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 98.3%; rating input score 98; 29th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 98%; rating input score 98; 31st 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: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.8%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 6.1%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 4% per year; rating input score 100; 34th percentile among comparable filings
  • Revenue growth: 4.4% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: 15.9% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 79.5% of revenue deployed · 81.3% of spending went to programs
  • Governance: 50 of 51 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $25.7M in reported program spending
  • Leadership: top reported pay $458K · 60 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 37 of 39 current checks pass · 2 findings to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 457 filed money-flow records
  • Related organizations: 449 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 — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.