Independents' Day Inc

Nonprofit profile at a glance

EIN
452824975
IRS 990 coverage
2017–2022
Forms available
Form 990 2022, Form 990-EZ 2016
Location
Columbus, OH, USA
Phone
6146687968
Rating confidence
Limited
Sector
Educational Services and Schools - Other

Official website

Reported finances

Revenue
$0
Expenses
$23,079
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

12 people listed

People named in this filing

  • ADAM BROUILLETTE (BOARD CHAIR)
  • SHELLEY MANN (CO-VICE CHAIR)
  • JACOB WOOTEN (CO-VICE CHAIR)

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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization acts as a resource for community events that fall in line with its mission to further the arts, culture and experience in columbus, Ohio. The organization shares assets, acts as a facilitator for conversation and engagement, provides marketing and awareness to connect creative individuals to the general public, and serve as a fiscal sponsor for local like-minded groups.

What it reported doing in 2022

Independents' day's primary program service is fostering a creative community in columbus, Ohio, with a mission to further the city's arts, culture and experience. Services offered include providing fiscal agency for up-and-coming nonprofit groups, including 3 groups based in columbus, and organizing events to develop relationships among the city's creative leaders (average attendance of 20 organizers). 2022 marked the final year of the organization, which ceased operations effective december 31, 2022.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 93.5%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -22.9% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -20.3% per year; rating input score 0; 21st percentile among comparable filings
  • Asset growth: -4% per year; rating input score 0; 23rd percentile among comparable filings

Details

  • Where the money goes: 93.5% of spending went to programs
  • Governance: 12 of 12 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $22K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2017 to 2022
  • 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.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.