Haitian Cultural Foundation
Nonprofit profile at a glance
- EIN
- 272920024
- IRS 990-EZ coverage
- 2011–2011
- Forms available
- Form 990-EZ 2011
- Location
- New York, NY, USA
- Phone
- 9174398989
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $73,828
- Expenses
- $37,314
- Assets
- $19,083
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
7 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The primary purpose of the haitian cultural foundation is to support the arts and culture of haiti.
What it reported doing in 2011
The foundation began the production of its signature haitian art video project "in the eye of the spiral", in the fall of 2011, to document and highlight the accomplishments of haiti's leading living artists, as they discuss their work in terms of the history of haiti. The video was completed on schedule in april 2012 for use in schools, museums, galleries, etc. To further the awareness of haitian art and culture.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% for grants.
The verdict
SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 45
- Transparency & Controls: 100
- Sustainability: 53
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 33%; rating input score 33
- Program expense ratio: 65.4%; rating input score 65
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: 49.5%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 0.51; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 33% of revenue deployed · 65.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $24K in reported program spending
- Leadership: top reported pay $13K · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 33/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.