Leimay

Legal name: Cave Organization Inc

Nonprofit profile at a glance

EIN
043763314
IRS 990 coverage
2014–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Brooklyn, NY, USA
Phone
3474018098
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Visual Arts Organizations

Official website

Reported finances

Revenue
$703,475
Expenses
$662,254
Assets
$2,557,718
Liabilities
$148,696

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

Leadership & pay

7 people listed

Executive titles in this filing

  • JOSE RIVERA JR (PRESIDENT)
  • CATALINA SANTAMARIA (VICE PRESIDENT)

Highest reported compensation

  • SHIGEKAZU MORIYA (CO-DIRECTOR): $38,750 total reported compensation
  • XIMENA GARNICA (CO-DIRECTOR): $37,750 total reported compensation
  • MAR GALEANO (BOARD MEMBER): $6,581 total reported compensation

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

Overview

Mission

LEIMAY fosters artistic exploration, resource sharing, and community engagement through movement-based multidisciplinary creations and collaborations with educational and presenting partners locally, nationally, and internationally (see Schedule O for more)

What it reported doing in 2024

EMBODY (LUDUS Education Program): LUDUS is the training and research practice developed by Ximena Garnica and Shige Moriya and continuously expanded by the LEIMAY Ensemble. Rooted in Butoh, somatics, and experimental theater, it is a living methodology that bridges movement, imagination, and interdisciplinary research. LUDUS takes place across many settings: from Roots & Rhythms on NYC Open Streets, to intensives and research labs at CAVE, to courses at academic institutions, and to collaborative residencies in international contexts.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 92
  • Accountability: 79
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.9%; rating input score 75
  • Program expense ratio: 78.8%; rating input score 79
  • Fundraising efficiency: $105.6 raised per $1 spent on fundraising; rating input score 87; 87th 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: 4 of 8 controls in place; rating input score 50
    • 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: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 5.9%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 3.86; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 13.1%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: 10% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 22% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 35.9% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 74.9% of revenue deployed · 78.8% of spending went to programs
  • Governance: 5 of 5 board members independent · 4 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $522K in reported program spending
  • Leadership: top reported pay $39K · 7 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 6 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 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.

  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • Review — Sustainability: Operating margin scored 52/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.