Emerge Sarasota Incorporated

Nonprofit profile at a glance

EIN
821692305
IRS 990-EZ coverage
2022–2023
Forms available
Form 990-EZ 2023
Location
Sarasota, FL, USA
Phone
7272692602
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Adult, Continuing Education

Reported finances

Revenue
$15,208
Expenses
$35,635
Assets
$12,029
Liabilities
$3,068

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

Leadership & pay

1 person listed

Executive titles in this filing

  • Samantha Gholar (President)

People named in this filing

  • Samantha Gholar (President)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide connections, opportunities and a platform for young, professional minorities who have a passion for their community and careers.

What it reported doing in 2023

Arts and Culture - A series of workshops and classes designedto introduce BIPOC young professionls to a variety of art mediumswhile centering and empowering local BIPOC artists and creatives.

Operating model

Revenue model
Donor-supported. 100% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 100
  • Sustainability: 12
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 50%; rating input score 50

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: -134.3%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.34; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 31.4%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -1.6% per year; rating input score 0; 44th percentile among comparable filings
  • Revenue growth: -151.4% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -88.6% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 50% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $18K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Financial Efficiency: Program expense ratio scored 50/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.