Nycxdesign
Legal name: Nycxd Inc
Nonprofit profile at a glance
- EIN
- 853379562
- IRS 990 coverage
- 2020–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 9175627693
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $392,926
- Expenses
- $319,091
- Assets
- $53,970
- Liabilities
- $41,918
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- ILENE SHAW (EXECUTIVE DIRECTOR)
Highest reported compensation
- ILENE SHAW (EXECUTIVE DIRECTOR): $110,600 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To unite and amplify New York City’s multidisciplinary design community.
What it reported doing in 2024
Design is core to New York city's identity and creative dna. At nycxdesign, our mission is to support, empower, and grow the city's incredible design sector. Our internationally renowned annual design festival, established in 2013, showcases the immense talent and diversity of the city's designers, makers, and manufacturers, along with cutting-edge design businesses and districts, and world-class cultural and academic design institutions. The festival attracts 300,000+ national and international visitors to the city, generating significant economic activity across the boroughs with hundreds of events about design and innovation, creativity, culture, inclusivity, sustainability, and resiliency. As a non-profit organization, nycxdesign also runs an impactful year-round program increasing diversity, equitable opportunity, and inclusion within the city's design professions. We educate the city's young adults about design and inspire them to become the city's designers of tomorrow. With new executive leadership, and recently granted 501(c)(3) tax exempt status, nycxdesign is catalyzing an exciting and thriving design sector for all of New York city.
Operating model
- Revenue model
- Donor-supported. 72% 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 39
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62%; rating input score 62
- Program expense ratio: 76.3%; rating input score 76
- Fundraising efficiency: $11.74 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: 18.8%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 0.78; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 34.7%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 32.7% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 17.4% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: -46.6% per year; rating input score 0; 1st percentile among comparable filings
Details
- What they do: 10 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 62% of revenue deployed · 76.3% of spending went to programs
- Governance: 6 of 6 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $244K in reported program spending
- Leadership: top reported pay $111K · 7 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 8/100.