Kingston Midtown Arts District
Nonprofit profile at a glance
- EIN
- 814055092
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020, Form 990-N 2016
- Location
- Kingston, NY, USA
- Phone
- 8456631409
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Arts Service Organizations and Activities
Reported finances
- Revenue
- $690,948
- Expenses
- $710,685
- Assets
- $193,150
- Liabilities
- $98,751
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MARGARET S INGE (PRESIDENT)
- MADELEINE CUTRONA (VICE PRESIDENT)
- LISA KELLEY (EXECUTIVE DIRECTOR)
People named in this filing
- MARGARET S INGE (PRESIDENT)
- JASON MONES (TREASURER)
- SARA PASTI (OFFICER)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The kingston midtown arts district mission is to unite, revitalize and enrich the community through the arts. We are focused on building upon the citys existing assets and reputation as an arts friendly place in which to live, work&play remaining inclusive&equitable to all.
What it reported doing in 2024
Celebration of the arts expo os an annual family friendly event which features local artists, offering hands on arts demonstrations and workshops in an array of disciplines to showcaes the citys creative community.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 100
- Accountability: 100
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.4%; rating input score 82
- Program expense ratio: 80.1%; rating input score 80
- Fundraising efficiency: $13.95 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings
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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2.9%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.27; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 0.51; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 24.5% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 29.1% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 20.5% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 82.4% of revenue deployed · 80.1% of spending went to programs
- Governance: 12 of 12 board members independent · 7 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $569K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 — Financial Efficiency: Fundraising efficiency scored 48/100.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.