Ink Institute

Nonprofit profile at a glance

EIN
993240682
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024
Location
Shoreline, WA, USA
Phone
2069796420
Rating
44
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$15,100
Expenses
$1,395
Assets
$15,055
Liabilities
$1,350

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

Leadership & pay

4 people listed

People named in this filing

  • Mee-seen Loong (Director)
  • Craig Yee (Director)
  • Bryan Yu (Director)

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

To promote the development of INK and water-based polychrome pigments as a medium and language in the creation of contemporary art through artist residencies, scholarly dialog, research and publishing, curatorial capacity building, and institutional collection development.

What it reported doing in 2024

Develop granting guidelines and procedures.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 76
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

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

Sustainability

  • Operating margin: 90.8%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 10.79; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 96.8%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.