Mare Nostrum Elements Inc
Nonprofit profile at a glance
- EIN
- 264095519
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990 2011, Form 990-EZ 2024
- Location
- Woodside, NY, USA
- Phone
- 6465284797
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $142,476
- Expenses
- $134,605
- Assets
- $18,690
- Liabilities
- $6,925
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Kevin Albert (President)
People named in this filing
- Kevin Albert (President)
- Brinton Parson (Board Director)
- Christopher Andersson (Board 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
See Schedule O
What it reported doing in 2024
Creation and performance of original artistic stage works to benefit the general public in areas of culture and the dramatic arts.
Operating model
- Revenue model
- Donor-supported. 91% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 100
- Sustainability: 31
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.1%; rating input score 77
- Program expense ratio: 81.6%; rating input score 82
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: 5.5%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 15.9%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 7.4% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 8.4% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: -5.6% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 77.1% of revenue deployed · 81.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $110K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 14/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- High — Sustainability: Officer compensation ratio scored 18/100.