Hudson Valley Center for Comp Art
Nonprofit profile at a glance
- EIN
- 134182500
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Peekskill, NY, USA
- Phone
- 9144780100
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Art Museums
Reported finances
- Revenue
- $99,105
- Expenses
- $186,939
- Assets
- $1,986,438
- Liabilities
- $42,417
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- LIVIA STRAUS (PRESIDENT)
People named in this filing
- LIVIA STRAUS (PRESIDENT)
- MARC STRAUS (CHAIRMAN OF THE BOARD)
- SARENA STRAUS (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Organization s mission is the development and presentation of new art exhibits and programs.
What it reported doing in 2024
Provides exhibits of works of art so that they can be appreciated and enjoyed by the community and students.
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 available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 83
- Accountability: 63
- Sustainability: 39
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 83.4%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 24th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 76.9%; rating input score 77; 24th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- 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: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -88.6%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 10.63; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -7.7% per year; rating input score 0; 33rd percentile among comparable filings
- Revenue growth: -6.5% per year; rating input score 0; 39th percentile among comparable filings
- Asset growth: -1.5% per year; rating input score 0; 33rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 83.4% of spending went to programs
- Governance: 10 of 13 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $151K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 17 of 19 current checks pass · 2 findings to review
- Schedules: 3 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- 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.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 22/100.
- 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.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.