Global Art Collective

Nonprofit profile at a glance

EIN
465263583
IRS 990 coverage
2018–2018
Forms available
Form 990 2018, Form 990-N 2017
Location
Linden, PA, USA
Phone
4156972759
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Reported finances

Revenue
$304,332
Expenses
$164,350
Assets
$140,334
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Matthew Rockwell (CEO)

People named in this filing

  • Matthew Rockwell (CEO)
  • James Mcfinn (COO)
  • Gautam Shah (CFO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to provide artists, makers, dreamers, and social innovators from developing countries the access to the skills, resources, and opportunities necessary to generate their personal, community, and global economic well being by creating sustainable, collaborative, and ethical revenue streams. We support learning through arts and technology. We develop new models of collective ownership, democratic management, and open source markets that empower people to find the economic well being they deserve. Our main mission is to provide artists and creators the personal empowerment they need to make personal, community, and global impact ethically, sustainably, and collaboratively.

What it reported doing in 2018

The establishment of The Cyrcle Collective, a physical and digital shared economic platform, that provides the education, resources, and opportunities to generate revenue sustainably, collaboratively, and ethically. The Cyrcle is a independent non-profit collective located in Kathmandu, Nepal and is a community resource and business library. It is part university, part jobs platform, and part means of production. Combined these three components comprise a circular wealth collective that provides members and beneficiaries the necessary ingredients to create their own economic well being. Revenues created through the functioning of The Cyrcle Collective is reinvested back into community resources to help each other generate revenue. 1. Skills: We invest in quality teachers and facilities and have developed a new type of gig based education that teaches only relevant and useful skills. Basic classes and introduction to autodidactic learning are free, with upper level classes that require highly qualified mentors to teach. Our grant has created 8 full time positions in the country, pays facility rents, purchased technology (3d printers, VR gear, and fab lab), and has developed an online education and work platform known as www.thecyrcle.org.

Operating model

Revenue model
Membership-supported. 71% of the money available for current operations came from membership dues.
Distribution model
Grant intermediary. The nonprofit sent 61% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 70
  • Accountability: 76
  • Sustainability: 73
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.8%; rating input score 53
  • Program expense ratio: 97.7%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 15th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Pass
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 82.1%; rating input score 82; 46th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 46%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 0.85; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 84; 84th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 52.8% of revenue deployed · 97.7% of spending went to programs
  • Governance: 5 of 5 board members independent · 3 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $161K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes foreign activity
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.