National Asian Artists Project Inc
Nonprofit profile at a glance
- EIN
- 264641565
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2012
- Location
- New York, NY, USA
- Phone
- 2123714114
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $137,124
- Expenses
- $160,295
- Assets
- $363,550
- Liabilities
- $4,839
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- BAAYORK LEE (EXECUTIVE ARTISTIC DIRECTOR)
- ELLEN RUSCONI (CO-TREASURER/DIRECTOR)
- ROSANNA LEE (CO-TREASURER / 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
The corporation is formed for the cultural and educational purpose of promotinf diversity and racial/ethnic inclusion within theater supporting artistic growth of artists of asian decent.
What it reported doing in 2024
Broadway community chorus: membership chorus that providesopportunity for seasoned, early career and avocational aapi musicaltheatre artists to perform roles they woulf rarely if ever have chance to perform
Operating model
- Revenue model
- Donor-supported. 69% 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. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 100
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.7%; rating input score 75
- Program expense ratio: 62.7%; rating input score 63
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: -16.9%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 2.27; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 34.8% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 12.4% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 17.1% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 74.7% of revenue deployed · 62.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $101K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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: Operating margin scored 10/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.