New Era Creative Space Inc

Nonprofit profile at a glance

EIN
824819356
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Peekskill, NY, USA
Phone
9149301777
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$1,620,321
Expenses
$780,396
Assets
$1,755,071
Liabilities
$331,406

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • RACHEL WIMPEE (PRESIDENT)

Highest reported compensation

  • RIDVAN IDARA FOXHALL (EXECUTIVE DI): $78,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

New era creative space inc. (necs) is a community-based educational organization with the mission to develop creative educational programs that are inclusive and accessible to all, promote excellence, and empower youth and their families to work toward their highest potential. We offer classes that stimulate curiosity and foster joy, love of learning, and creative exploration in order to empower the next generation of visionary thinkers.

What it reported doing in 2024

In 2024, necs' community programs impacted the lives of 525 children, youth, and 1,403 other community members through active participation in programs and attendance at performances. Across 69 community offerings, necs inspired participants to explore creativity, collaborate with others, and strengthen connections to themselves, their peers, and their wider community. Summer was filled with joy as we welcomed over 30 enthusiastic students to our new downtown peekskill location, the heart of local activities. For six weeks, laughter and adventure filled the air as students roasted s'mores, played games, hiked, swam, gardened, and explored the water through paddleboarding and kayaking. Divided into explorers (k-2nd grade), discoverers (3rd-5th grade), and pathfinders (middle school), students embraced new challenges every day. This year's special highlight was our guest nutritionist, who taught the importance of healthy eating and guided students in preparing meals for seniors at the peekskill nutrition center. Over spring break, our youth embarked on a transformative journey to Alabama and atlanta, reaffirming the vital role of truth-telling in teaching youth about justice. Five students and three adults traveled to deepen their understanding of history, beginning in atlanta with visits to the king center and the human rights museum, where they also engaged in meaningful dialogue with civil rights activist and artist masud olufani. In Alabama, our students spent four immersive days exploring montgomery, selma, and birmingham, walking in the footsteps of history and learning firsthand from historians, artists, and activists. This experience was more than a trip-it was an act of bearing witness, connecting the past to the present, and empowering the next generation to carry forward the work of justice. May 1 marked an exciting new chapter; we signed a lease for our new location at 203 esther street in peekskill necs is thrilled that our new space is open and transforming into a vibrant community home. While we continue to improve and update the facility, it's already becoming a hub for creativity, empowerment, and connection. We can expand our programs and services by dedicating classrooms and office spaces, thereby enhancing our ability to serve the community. Necs' community program provided meaningful paid work for 6 employees and 20 teaching artists/contractors, as well as 206,684 in tuition subsidies, discounts, and scholarships for participants.

Operating model

Revenue model
Donor-supported. 94% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 35.2%; rating input score 35
  • Program expense ratio: 72.8%; rating input score 73
  • Fundraising efficiency: $18.91 raised per $1 spent on fundraising; rating input score 57; 57th 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 51.8%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 2.25; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 10%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 25.2% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 39.1% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 48.8% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 35.2% of revenue deployed · 72.8% of spending went to programs
  • Governance: 5 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $568K in reported program spending
  • Leadership: top reported pay $78K · 6 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 35/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 57/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.