Concept Factory Inc

Nonprofit profile at a glance

EIN
301315678
IRS 990-EZ coverage
2022–2022
Forms available
Form 990-EZ 2022
Location
Atlanta, GA, USA
Phone
6784302298
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts Education
Affiliation
Christianity

Reported finances

Revenue
$2,243
Expenses
$633
Assets
$1,610
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • ALLAN TODD MEADE JR (EXECUTIVE DIRECTOR)

People named in this filing

  • ALLAN TODD MEADE JR (EXECUTIVE DIRECTOR)

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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Concept Factory is a Christian creative nonprofit with a mission to advance underrepresented visual storytellers through content creation and community. We create spaces for visual storytellers to find their tribe create content and advance their industry careers. We host educational workshops and foster professional community groups for the advancement of individuals careers through content creation activities.

What it reported doing in 2022

Concept Factory hosted career and industry focused workshops and community groups that allowed for underserved creative artist to engage in educational learning activities related to the media and creative arts. As a result our workshop attendees and community group members were able to learn the art of screenwriting filmmaking and content creation.

Operating model

Revenue model
Donor-supported. 95% 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 revenue comfortably covers expenses. 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: 51
  • Transparency & Controls: 100
  • Sustainability: 80
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 22%; rating input score 22
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 71.8%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 2.54; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 22% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $633 in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • 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 22/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.