Notes to the Soul Inc

Nonprofit profile at a glance

EIN: 471257385
IRS 990-EZ coverage: 2016–2019
Forms available: Form 990-EZ 2019
Location: Brooklyn, NY, USA
Phone: 2123630363
Rating: 62
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Arts, Culture, and Humanities N.E.C.

Reported finances

Revenue: $4,921
Expenses: $2,503
Assets: $5,715

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

RENATA ARCHIE (President)

People named in this filing

RENATA ARCHIE (President)
RAYMOND ARCHIE (Treasurer)
LEONARD EASTER (ASSISTANT SEC.)

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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To advance greater knowledge, understanding and appreciation of the arts; to encourage the creation of, and participation in, cultural and artisitic activities and to encourage the development and presentation of works in the arts.

What it reported doing in 2019

Development of the arts.

Operating model

Revenue model: Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

Financial Efficiency: 42
Transparency & Controls: 82
Sustainability: 69
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 31.1%; rating input score 31
Program expense ratio: 61.1%; rating input score 61

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: 49.1%; rating input score 91; 91st percentile among comparable filings
Total-asset coverage ratio: 2.28; rating input score 67; 67th percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: 41.3% per year; rating input score 100; 93rd percentile among comparable filings
Revenue growth: 107.1% per year; rating input score 100; 99th percentile among comparable filings
Asset growth: 83.6% per year; rating input score 100; 98th percentile among comparable filings

Details

Where the money goes: 31.1% of revenue deployed · 61.1% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $2K in reported program spending
Leadership: top reported pay $0 · 3 people listed
Consistency: 6 of 6 current checks pass
Schedules: 2 filed schedules
Filing history: 3 filing years from 2016 to 2019
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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
Review — Sustainability: Officer compensation ratio scored 56/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.