Canopy Canopy Canopy Inc

What it reported doing in 2024

Core programs digital publishing: tc accomplishes its mission through the publication of an online magazine of visual art and literature, including interactive essays, screen-based artworks, fiction, poetry, prose, and critical dialogues, as well as documentation of public programs and performances. An issue of tc contains 10-15 projects commissioned from artists and writers and is accessible for free via the online platform at canopycanopycanopy.com. Print publishing: the magazine occasionally publishes print publications that make arresting use of the book form.these print objects include multivocal paperbacks which stem from and extend our public programs, as well as single-author works that adapt contributions to the magazine or emerge from specific collaborations with contributors. Public programs: as part of each issue, tc also organizes at least five public programs that are considered to be part of the magazine, including performances, panels, readings, and screenings. Tcs public programs are documented through audio or video and published online in the magazine as videos, audio recordings, and transcripts. Events are often livestreamed. As with digital projects, public program documentation is made accessible to viewers for free at canopycanopycanopy.com. Education: tc has held eight sessions of the publication intensive: a free, annual, two-week summer program in the history and contemporary practice of publication, for twelve higher-level college students, graduate students, and recent college graduates. Each year we invite applications from prospective students with backgrounds in areas such as writing, art, literature, art history, new media, and design. During the program, tc editors lead discussions and workshops with participating students, who research analyze, and develop projects, that hinge on new technologies but also mine the history of print culture and artistic practice. The program takes place at tcs venue and includes visits to studios of artists and designers, archives, and cultural institutions. (due to the pandemic, this program was temporarily suspended in fy21.)

Financial Efficiency

• Mission deployment rate: 77.4%; rating input score 77
• Program expense ratio: 59.4%; rating input score 59
• Fundraising efficiency: $3.32 raised per $1 spent on fundraising; rating input score 10; 10th 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: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -30.4%; rating input score 6; 6th percentile among comparable filings
• Total-asset coverage ratio: 0.56; rating input score 26; 26th percentile among comparable filings
• Liabilities to assets ratio: 0.27; rating input score 27; 27th percentile among comparable filings
• Officer compensation ratio: 7.7%; rating input score 45; 45th percentile among comparable filings

Growth

• Program expense growth: 7% per year; rating input score 100; 51st percentile among comparable filings
• Revenue growth: 6.2% per year; rating input score 100; 50th percentile among comparable filings
• Asset growth: 9.4% per year; rating input score 100; 57th percentile among comparable filings