Center for the Preservation of Artists Legacies
Nonprofit profile at a glance
- EIN
- 884235867
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Brooklyn, NY, USA
- Phone
- 9174887495
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Service Organizations and Activities
Reported finances
- Revenue
- $140,757
- Expenses
- $48,465
- Assets
- $97,330
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- Joy Glidden (Founding Director)
- Kurt Sung (Interiem Managing DIrector)
- Valarie Hird (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
Preservation of Artistic legacies - Conducted conferences to provide understanding of perserving the works of artists
What it reported doing in 2024
Services to help artists preserve their art - Conducted conferences to provide understanding of preserving works of art
Operating model
- Revenue model
- Donor-supported. 80% of the money available for current operations came from contributions and gifts.
- 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 - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 100
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 29.3%; rating input score 29
- Program expense ratio: 85%; rating input score 85
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: 65.6%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 2.01; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 41.1%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 102% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 125.2% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 142.6% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 29.3% of revenue deployed · 85% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $41K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 29/100.
- High — Sustainability: Officer compensation ratio scored 7/100.