Ceremonia Inc

Nonprofit profile at a glance

EIN
882318126
IRS 990 coverage
2022–2023
Forms available
Form 990 2023
Location
Denver, CO, USA
Phone
3109972233
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$477,920
Expenses
$620,648
Assets
$39,230
Liabilities
$176,427

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • AUSTIN MAO (EXECUTIVE DIRECTOR)

Highest reported compensation

  • AUSTIN MAO (EXECUTIVE DIRECTOR): $20,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Facilitate a direct and durable transformational process while helping our members avoid the pitfalls of rapid transformation. Our programs synthesize the ineffable, spiritual nature of working with plant sacraments with the grounded, proven tools from psychology and psychedelic-assisted therapy. All of this is in service of helping our members find their own path to their highest Selfthe truest, most integrous, and powerful version of who they could be and have been all along

What it reported doing in 2023

The Organization mission is to help members discover joy, peace, and purpose through community and provide assistance to those in need

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
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: 88
  • Transparency & Controls: 83
  • Accountability: 84
  • Sustainability: 6
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.1%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 18th 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -29.9%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 4.5; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 100% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 77.7% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 120.2% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.1% of spending went to programs
  • Governance: 1 of 1 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $596K in reported program spending
  • Leadership: top reported pay $20K · 1 people listed
  • Consistency: 26 of 27 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • 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: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.