Hancock Foundation

Nonprofit profile at a glance

EIN
992931983
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025
Location
Brooklyn, NY, USA
Phone
6095914575
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$108,839
Expenses
$83,007
Assets
$44,305

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • NINI NEBIERIDZE (PRESIDENT)

People named in this filing

  • NINI NEBIERIDZE (PRESIDENT)
  • ELENE MAKHARASHVILI (TREASURER)
  • JACK DOYLE SMITH (SECRETARY)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To preserve the integrity and historical significance of our landmark building (247 Hancock St) while providing a vibrant platform for artists to showcase their creative works, thereby enriching the cultural landscape of our community.

What it reported doing in 2025

Fundraisers to support artists, the community & building preservation

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 82
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.5%; rating input score 85
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

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

Sustainability

  • Operating margin: 23.7%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 34.5% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 89.2% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 82.3% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 84.5% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $92K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 5 of 6 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.