First Night Alexandria Inc

Nonprofit profile at a glance

EIN
541703488
IRS 990-EZ coverage
2020–2024
Forms available
Form 990 2019, Form 990-EZ 2024
Location
Alexandria, VA, USA
Phone
7039633755
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$175,459
Expenses
$209,196
Assets
$179,931
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Marilyn Patterson (Executive Director)
  • Sammy Schambach (President)

People named in this filing

  • Marilyn Patterson (Executive Director)
  • Sammy Schambach (President)
  • Cody Sullivan (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

To promote performing and visual arts through a community wide, family oriented, New Year's celebration.

What it reported doing in 2024

First Night Alexandria is an all day event that includes performing arts for all ages at multiple venues, children's carnival with arts performers and visitors from the greater Washington metro area. and crafts activities, and a grand finale of fireworks at midnight. The event promotes performing and visual arts in alcohol free atmosphere, throughout various locations in the city of Alexandria. This event brings together local community members, performers and visitors from the greater Washington metro area. This year there was 4000 attendees and over 100 volunteers.

Operating model

Revenue model
Earned-program. 65% of the money available for current operations came from fees and other program revenue.
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. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 30
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.1%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -19.2%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.86; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 38.7%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 24.7% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: -4.4% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $203K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 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.

  • High — Sustainability: Operating margin scored 8/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.