Daybreak Arts
Nonprofit profile at a glance
- EIN
- 463699416
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020, Form 990-N 2016
- Location
- Nashville, TN, USA
- Phone
- 5026001221
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
Reported finances
- Revenue
- $275,754
- Expenses
- $231,309
- Assets
- $234,431
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- MORGAN MILLER-WALLACE (PRESIDENT)
- GLEN FRANKLIN (VICE PRESIDENT)
- NICOLE MINYARD (EXECUTIVE DIRECTOR)
Highest reported compensation
- NICOLE MINYARD (EXECUTIVE DIRECTOR): $50,163 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Daybreak arts creates artistic and economic opportunities for people experiencing homelessness and housing insecurity by providing them access to the creative resources needed to enhance their quality of life and achieve personal fulfillment and success. We also work to highlight the creative talents of people impacted by homelessness in order to broaden perspectives and foster meaningful and equitable relationships across communities.
What it reported doing in 2024
Many individuals experiencing homelessness have difficulty obtaining and maintaining housing due to barriers to traditional employment like physical and intellectual disabilities, mental illness, domestic abuse and trauma, incarceration, and more. Our artist collective program impacts historically excluded and low-income artists by developing their entrepreneurial skills and increasing accessibility to artistic and non-traditional forms of employment. We provide access to a free studio space, art supplies, exhibition opportunities, educational workshops, and transportation. Our tailored and trauma-informed approach allows participants to increase economic mobility by producing marketable art, gaining skills, building relationships, and earning income through creative endeavors. The artists we serve are currently or formerly unhoused adults with an artistic background or passion and share a variety of intersecting underrepresented identities including different gender orientations, disabilities, races/ nationalities, education levels, religions, and more. Since 2014, we've served around 120 artists impacted by homelessness and paid out over $100,000 to artists from art sales, reproductions, performances, teaching artist stipends, and intellectual property licenses. This income has allowed our artists to purchase necessities (e.g. Rent, groceries, utilities), invest in their careers by purchasing art supplies and workshops, and enhance their quality of life by investing in their emotional and personal self-care.
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 some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 86
- Accountability: 90
- Sustainability: 56
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.2%; rating input score 67
- Program expense ratio: 79.8%; rating input score 80
- Fundraising efficiency: $32.62 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 22nd 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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 16.1%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 1.01; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 21.7%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 6.3% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 14.3% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 21.2% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 67.2% of revenue deployed · 79.8% of spending went to programs
- Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $185K in reported program spending
- Leadership: top reported pay $50K · 13 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- 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.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Officer compensation ratio scored 17/100.