BxArts Factory Inc
Nonprofit profile at a glance
- EIN
- 472559080
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2019, Form 990-N 2020
- Location
- Bronx, NY, USA
- Phone
- 6468201449
- Rating
- 35
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $49,330
- Expenses
- $31,604
- Assets
- $30,100
- Liabilities
- $30,100
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- YOLANDA L RODRIQUEZ (CEO)
People named in this filing
- YOLANDA L RODRIQUEZ (CEO)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
BxArts' mission is to make art accessible to everyone in the Bronx.
What it reported doing in 2024
Art Exhibitions and Related Pro Bronx and Crafts Fundraisers Summer Events Workshop Series
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 13
- Transparency & Controls: 65
- Accountability: 24
- Sustainability: 53
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 12.3%; rating input score 12
- Program expense ratio: 19.2%; rating input score 19
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 63.6%; rating input score 64; 0th 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: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 35.9%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 0.95; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -43.1% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 13.2% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 19.3% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 12.3% of revenue deployed · 19.2% of spending went to programs
- Governance: 0 of 5 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $9K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 14 of 17 current checks pass · 3 findings to review
- Schedules: 3 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 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.
- High — Financial Efficiency: Mission deployment rate scored 12/100.
- High — Financial Efficiency: Program expense ratio scored 19/100.
- High — Accountability: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX OfficeExpenses column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.