Ithaca Festival Inc
Nonprofit profile at a glance
- EIN
- 161293590
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024
- Location
- Ithaca, NY, USA
- Phone
- 6073510640
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Visual Arts Organizations
Reported finances
- Revenue
- $160,528
- Expenses
- $136,119
- Assets
- $45,811
- Liabilities
- $58,100
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- ALLISON DEDOMINICK (PRESIDENT)
- DEIDRE KURZWEIL (VICE PRESIDENT)
- SELENA HODOM (EXECUTIVE DIRECTOR)
People named in this filing
- ANNE LUNN (BOARD MEMBER)
- ELIZABETH KUJAWA (BOARD MEMBER)
- HALLIE CHASE (BOARD MEMBER)
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
Annual arts & crafts festival
What it reported doing in 2024
Annual arts and crafts festival
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 100
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.4%; rating input score 82
- Program expense ratio: 97.2%; rating input score 97
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: 15.2%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 1.27; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 22%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 0.1% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: 0% per year; rating input score 100; 21st percentile among comparable filings
- Asset growth: 11.8% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 82.4% of revenue deployed · 97.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $132K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- 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 — Sustainability: Total-asset coverage ratio scored 28/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Sustainability: Officer compensation ratio scored 15/100.