Broadway Illusions Inc
Nonprofit profile at a glance
- EIN
- 660776914
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Gurabo, PR, USA
- Rating
- 96
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $197,499
- Expenses
- $201,753
- Assets
- $41,208
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Jose A Rosario (Executive Director)
- Maite Sanchez (President - BOD)
People named in this filing
- Jose A Rosario (Executive Director)
- Maite Sanchez (President - BOD)
- Jose Vazquez (Board member - 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
The organizations primary exempt purpose is to promote arts education and community engagement through theatrical productions educational programs and performing arts experiences. The organization provides opportunities for youth and community members to participate in theater develop artistic skills and access cultural programming that supports educational and artistic development.
What it reported doing in 2024
During the tax year the organization produced multiple theatrical productions and educational performing arts programs serving youth and community participants. Productions included musical theater performances such as High School Musical Hadestown Teen Edition Disney Dare to Dream and Beetlejuice among others providing opportunities for students to develop skills in acting singing dancing teamwork and stage production. Across these productions over 200 students participated in rehearsals and performances and total audience attendance exceeded approximately 2,500 individuals from the community. The organization also conducted educational workshops in singing and dance serving approximately 50 participants and presenting performances attended by approximately 300 to 400 community members. Additionally the organization organized the annual educational trip to New York City for approximately twenty participants to enhance cultural exposure and performing arts learning opportunities. These programs promoted arts education youth development creativity and community engagement through accessible performing arts experiences.
Operating model
- Revenue model
- Earned-program. 77% 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. Some filed totals do not add up and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 35
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.1%; rating input score 99
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: -2.2%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.2; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 32.6% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 37.9% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: -5.8% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $200K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- 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 — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Growth: Asset growth scored 0/100.