New Renaissance Inc
Nonprofit profile at a glance
- EIN
- 993542132
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Harrodsburg, KY, USA
- Phone
- 6202040129
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $85,624
- Expenses
- $15,388
- Assets
- $190,999
- Liabilities
- $118,663
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- HANNAH KROGH (PRESIDENT)
People named in this filing
- HANNAH KROGH (PRESIDENT)
- WILLIAM MORSE (TREASURER)
- CORA SEVRUK (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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The new renaissance inc purpose is to educate american and international students of any age in the field of visual arts specifically in classical painting and drawing and to organize art exhibitions and cultural events and faculty exchanges with other art institutions, as well as seminars and forums of classical art and culture. The corporation runs courses and programs in Kentucky and online and also works in close partnership with the fcaa in florence, italy; university of nations Hawaii, USA and other institutions nationally and internationally. The corporation will promote and create both tangible artworks, and digital artwork (including nft and virtual designs) with the purpose of using those art projects, exhibitions and/or for sale.
What it reported doing in 2025
The one-year program (foundation year) is the first year of our three-year diploma program. It may be taken independently as a standalone one-year certificate program. This year offers highly individualized and customized training in small groups, forming the foundation of a professional art education. The curriculum progresses from drawing and painting basic geometric forms, to still life, plaster casts, and ultimately portraiture with life model. Through this systematic approach, students acquire the essential applied skills needed to begin building a strong and competitive portfolio as visual artists.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 82
- Sustainability: 80
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 13.2%; rating input score 13
- Program expense ratio: 73.4%; rating input score 73
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 82%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 12.41; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.62; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 13.2% of revenue deployed · 73.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $11K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- 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.
- High — Financial Efficiency: Mission deployment rate scored 13/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.