Nyc Salt Inc
Nonprofit profile at a glance
- EIN
- 262502577
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-EZ 2013, Form 990-N 2009
- Location
- New York, NY, USA
- Phone
- 9179926756
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $908,042
- Expenses
- $722,317
- Assets
- $1,040,588
- Liabilities
- $706,190
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- ALICIA HANSEN (FOUNDER AND CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ALICIA HANSEN (FOUNDER AND CHIEF EXECUTIVE OFFICER): $182,338 total reported compensation
- ADAM CHINITZ (BOARD MEMBER DIRECTOR OF PROGRAMS): $57,639 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Dedicated to engage, inspire and empower underserved youth in New York city to reach their full potential through photography, video and an understanding of the visual industry goal is to help student artists build advanced visual arts skills and the determination, confidence, and grit they need to succeed in college and future careers.
What it reported doing in 2024
Emerging artists - nyc salt, inc. Utilizes professional photographers and editors as teaching artists to teach school year and summer workshops in the basics for digital photography and social media. The program gives students a knowledge of visual storytelling while also exposing students to career options in the creative industry through field trips.
Operating model
- Revenue model
- Donor-supported. 79% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 70
- Accountability: 77
- Sustainability: 54
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.2%; rating input score 62
- Program expense ratio: 78.2%; rating input score 78
- Fundraising efficiency: $8.72 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 77.8%; rating input score 78; 17th 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: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 20.5%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 1.44; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.68; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 33.2%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 6.9% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 11% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 19.3% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 62.2% of revenue deployed · 78.2% of spending went to programs
- Governance: 7 of 9 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $565K in reported program spending
- Leadership: top reported pay $182K · 9 people listed · 1 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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: Fundraising efficiency scored 33/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.