Jersey City Puerto Rican Heritage Arts & Culture
Nonprofit profile at a glance
- EIN
- 814627626
- IRS 990-EZ coverage
- 2020–2021
- Forms available
- Form 990-EZ 2021
- Location
- Jersey City, NJ, USA
- Phone
- 5512081482
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $117,877
- Expenses
- $91,770
- Assets
- $45,491
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- MELISSA SARMIENTO (PRESIDENT)
- JENNISE SARMIENTO (VICE PRESIDENT)
People named in this filing
- MELISSA SARMIENTO (PRESIDENT)
- JENNISE SARMIENTO (VICE PRESIDENT)
- VANESSA SARMIENTO (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-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote and strengthen the multi-faceted historical, cultural and artistic diversity that the puerto rican community contributes on an on-going basis through education and up lifting of our youth.
What it reported doing in 2021
Cultural events and galas
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 100
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.7%; rating input score 75
- Program expense ratio: 95.9%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 22.1%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 0.5; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 173.8% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 173.8% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 80.5% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 74.7% of revenue deployed · 95.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $88K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2020 to 2021
- 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 — Sustainability: Total-asset coverage ratio scored 31/100.