I Paint My Mind - Nfp

Nonprofit profile at a glance

EIN
455220516
IRS 990-EZ coverage
2014–2024
Forms available
Form 990-EZ 2024, Form 990-N 2017
Location
Chicago, IL, USA
Phone
3124297470
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$167,990
Expenses
$332,804
Assets
$202,330
Liabilities
$60,522

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Evan La Ruffa (Executive Director)

People named in this filing

  • Evan La Ruffa (Executive Director)
  • BRIAN FLANNERY (SECRETARY)
  • JOSH HOEKWATER (TREASURY)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

I paint my mind is a charitable and educational cultural organization that believes in the power of art and supports the arts and art education. I paint my mind works to make art and art education inclusive and accessible to all by making additional efforts to help ensure that the benefits of art reach underprivileged students under-resourced communities and that art featured under-represented artists.

What it reported doing in 2024

Through our murals program, we work with local artists to create murals in community spaces, schools and in office buildings. These works in community spaces are typically reflective of the culture and identity of the neighborhood. Our passion is to make the transformative power of art accessible to everyone, everywhere, in every corner of society, and that includes bringing positive change to various spaces, including the workplace. Fostering a rich and diverse art environment within office spaces enhances our well-being.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 82
  • Sustainability: 16
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 73.8%; rating input score 74

Transparency & Controls

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

Sustainability

  • Operating margin: -98.1%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.61; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.3; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 36.9%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 21.1% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 12.1% per year; rating input score 100; 72nd percentile among comparable filings
  • Asset growth: 18.5% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 73.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $246K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • High — Sustainability: Operating margin scored 1/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.