Gallery Aferro

Nonprofit profile at a glance

EIN: 263863419
IRS 990 coverage: 2014–2020
Forms available: Form 990 2020, Form 990-EZ 2013
Location: Newark, NJ, USA
Phone: 9733539533
Rating: 63
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Humanities Organizations

Reported finances

Revenue: $999,575
Expenses: $642,228
Assets: $383,139
Liabilities: $8,600

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

JORGE SANTOS (PRESIDENT)
EMMA WILCOX (EXECUTIVE DIRECTOR)

Highest reported compensation

EMMA WILCOX (EXECUTIVE DIRECTOR): $39,245 total reported compensation
EVONNE DAVIS (DIRECTOR): $26,133 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of gallery aferro is to bring cultural education and aesthetic engagement with contemporary issues to all people equally, and to create an enviroment where artists can gather and share physical and intellectual resources

What it reported doing in 2020

Studio residency programs for emerging and midcareer artists of diverse backgrounds and media work with career supports as part of the gallery's network. Exhibits, public art, and events which includes numerous on and off-site exhibits of local, national, and international contemporary artists, with connected events and educational offerings, signature arts intensive for high school age young women, school tours and studio art administration

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 - A large share of total spending goes to programs and program spending has grown recently. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.

Rating breakdown

Financial Efficiency: 68
Transparency & Controls: 55
Accountability: 57
Sustainability: 59
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 56%; rating input score 56
Program expense ratio: 87.2%; rating input score 87
Fundraising efficiency: $46.85 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings

Transparency & Controls

Consistency checks: 76.5%; rating input score 76; 0th percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: Scored; rating input score 0
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 66.7%; rating input score 67; 13th percentile among comparable filings
Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: 35.7%; rating input score 85; 85th percentile among comparable filings
Total-asset coverage ratio: 0.6; rating input score 23; 23rd percentile among comparable filings
Liabilities to assets ratio: 0.02; rating input score 69; 69th percentile among comparable filings
Officer compensation ratio: 10.2%; rating input score 39; 39th percentile among comparable filings

Growth

Program expense growth: 17.4% per year; rating input score 100; 84th percentile among comparable filings
Revenue growth: 23.5% per year; rating input score 100; 90th percentile among comparable filings
Asset growth: 21% per year; rating input score 100; 82nd percentile among comparable filings

Details

Where the money goes: 56% of revenue deployed · 87.2% of spending went to programs
Governance: 4 of 6 board members independent · 4 of 9 filing controls reported
Programs: 2 filed program accomplishments · $560K in reported program spending
Leadership: top reported pay $39K · 6 people listed
Consistency: 27 of 30 current checks pass · 3 findings to review
Schedules: 6 filed schedules · includes major donors and grants
Filing history: 7 filing years from 2014 to 2020
Contacts: How to reach this organization
Money network: 4 filed money-flow records
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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

Review — Financial Efficiency: Mission deployment rate scored 56/100.
High — Transparency & Controls: Grant itemization coverage scored 0/100.
Moderate — Accountability: Governance controls: 5 of 9 not reported.
High — Sustainability: Total-asset coverage ratio scored 23/100.
Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
Moderate — Transparency & Controls: Schedule D expense reconciliation did not reconcile in the filed values.
Moderate — Transparency & Controls: Schedule D revenue reconciliation did not reconcile in the filed values.
Moderate — Sustainability: Officer compensation ratio scored 39/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.