Chelsea Associates Inc
Nonprofit profile at a glance
- EIN
- 237098603
- IRS 990-EZ coverage
- 2011–2018
- Forms available
- Form 990-EZ 2018
- Location
- New York, NY, USA
- Phone
- 2129893083
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Printing, Publishing
Reported finances
- Revenue
- $84,073
- Expenses
- $68,697
- Assets
- $167,035
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- ALFREDO DE PALCHI (PRESIDENT)
People named in this filing
- ALFREDO DE PALCHI (PRESIDENT)
- RITA DI PACE (VP, SECRETARY/TREASURER)
- MICHAEL PALMA (OFFICER)
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 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Non-profit literary magazine
What it reported doing in 2018
The organization publishes books of selected poetry of french and italian writers translated into english. It has been publishing books since 2003.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 65
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 18.3%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 2.43; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 19.7%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: -17% per year; rating input score 0; 21st percentile among comparable filings
- Revenue growth: -1.3% per year; rating input score 0; 48th percentile among comparable filings
- Asset growth: 11.6% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2011 to 2018
- Contacts: How to reach this organization
- Money network: 2 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 8/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.