Deep Water Projects Inc
Nonprofit profile at a glance
- EIN
- 921313224
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Narrowsburg, NY, USA
- Phone
- 7188128039
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $81,322
- Expenses
- $26,218
- Assets
- $84,144
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Aaron Hicklin (President)
People named in this filing
- Aaron Hicklin (President)
- Lucy Taylor (Director)
- Jeffrey Gerson (Treasurer)
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
Deep Water is dedicated to promoting the literary arts in Sullivan County NY and the surrounding area, with a view to building community by fostering engagement with story-telling in all its forms. Hand-in-hand is a passion to promote and support this region as a showcase for compelling arts programming, attracting nternationally acclaimed authors and artists, while simultaneously creating a platform to celebrate the artists and writers who live and work in our midst. Deep Water is committed to the development, expression and promotion of literature and art that reflects the voices and concerns of underrepresented and diverse communities.
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
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: 57
- Transparency & Controls: 82
- Sustainability: 74
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 31.6%; rating input score 32
- Program expense ratio: 97.9%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 67.8%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 3.21; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 9.6% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 87% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 111.5% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 31.6% of revenue deployed · 97.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $26K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.