First Night Sandwich Inc
Nonprofit profile at a glance
- EIN
- 462173629
- IRS 990-EZ coverage
- 2013–2017
- Forms available
- Form 990-EZ 2017
- Location
- Sandwich, MA, USA
- Phone
- 5087762530
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fairs
Reported finances
- Revenue
- $21,798
- Expenses
- $23,041
- Assets
- $16,364
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- DENISE DEVER (PRESIDENT)
People named in this filing
- DENISE DEVER (PRESIDENT)
- MARY HUNT (TREASURER)
- MICHAEL MAGYAR (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 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
First night, inc. Seeks to foster the public's appreciation of the dynamic power of visual and performing arts through an innovative, diverse and high quality new year's eve program which provides a shared cultural experience accessible and affordable to all. The corporation shall at all times be operated for charitable purposes within the meaning of the general laws of Massachusetts, chapter 180 and described in section 501(c)(3) of the internal revenue code. All funds whether income or otherwise shall be devoted to said purpose.
What it reported doing in 2017
Produced first night sandwich, a community event focused on entertainment, education and the arts. Net profits, after an appropriate set-aside for the next year's event, are distributed to local 501(c)(3) charities.
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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 82
- Sustainability: 35
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.5%; rating input score 99
- Program expense ratio: 94.1%; rating input score 94
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -5.7%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 0.71; rating input score 39; 39th 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: 23.8% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 3.1% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: -2.8% per year; rating input score 0; 33rd percentile among comparable filings
Details
- Where the money goes: 99.5% of revenue deployed · 94.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $22K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2013 to 2017
- 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 — Sustainability: Operating margin scored 35/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.