Caribbeing Inc
Nonprofit profile at a glance
- EIN
- 455192099
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021
- Location
- Brooklyn, NY, USA
- Phone
- 3472681613
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $447,639
- Expenses
- $416,172
- Assets
- $396,831
- Liabilities
- $542,651
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DR TRINA YEARWOOD (President)
Highest reported compensation
- Jean Luc Stanislas (Director): $25,370 total reported compensation
- SHELLEY WORRELL (Executive Dir.): $13,305 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
CARIBBEING is a multidisciplinary cultural venture dedicated to showcasing Caribbean culture + art + lifestyle in Greater New York City and around the world. Our mission is to celebrate and amplify Caribbean culture and lifestyle, supporting businesses, creating community, and documenting as well as creating culture. The award-winning organization is based in Flatbush aka Little Caribbean (est 2017), home to the largest and most diverse Caribbean-American-LatinX community outside of the West Indies.
What it reported doing in 2024
Little Caribbean: A place-based program in Brooklyn's officially designated Little Caribbean cultural district, the first such district in the United States offering the WE LIME Night Markets, Open Streets sessions on Nostrand Avenue, the Little Caribbean Passport Program, neighborhood banners and signage, the Little Caribbean HQ storefront, and an annual Block Party, all supporting cultural preservation, placemaking and neighborhood beautification, small business economic development, and civic engagement in an underserved immigrant community.
Operating model
- Revenue model
- Grant-funded. 81% of the money available for current operations came from government grants.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 83
- Accountability: 45
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.6%; rating input score 62
- Program expense ratio: 59.6%; rating input score 60
- Fundraising efficiency: $154.37 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 17th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- 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: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 7%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.95; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 1.37; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 9.3%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: -18.2% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 25.7% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 36% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 61.6% of revenue deployed · 59.6% of spending went to programs
- Governance: 3 of 5 board members independent · 2 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $248K in reported program spending
- Leadership: top reported pay $25K · 5 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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 — Accountability: Governance controls: 6 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Sustainability: Operating margin scored 55/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 29/100.