Ortega Y Gasset Projects Inc

Nonprofit profile at a glance

EIN
815177050
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Brooklyn, NY, USA
Phone
4849954311
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Visual Arts Organizations

Official website

Reported finances

Revenue
$124,741
Expenses
$139,169
Assets
$15,176
Liabilities
$2,646

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

Leadership & pay

7 people listed

Executive titles in this filing

  • LAUREN WHEARTY (PRESIDENT)

People named in this filing

  • LAUREN WHEARTY (PRESIDENT)
  • ELIAVETA MEKSIN (TREASURER)
  • CLARE BRITT (DIRECTOR)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ortega y gasset projects, inc. (oyg) is a non-profit artist-run curatorial collective and exhibition space in gowanus, brooklyn.

What it reported doing in 2024

Oyg is entirely run by working artists, who recognize that exploration is key to artistic vitality. We embrace an exploratory model where artists take the role of curator, critic and promoter. Working without concern for commercial profit or an explicit curatorial ideology, the goal of oyg is to mount exhibitions that support under-represented, marginalized artists and emerging artists, provoke dialogue and bolster artistic community . In doing so, we participate within a wider forum to disseminate aesthetic experience and expand our roles, priorities and scope of influence within art culture.

Operating model

Revenue model
Donor-supported. 70% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 100
  • Sustainability: 14
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93.2%; rating input score 93

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -11.6%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0.11; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 32.4%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 42.5% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 39.9% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: -11.8% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 93.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $130K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 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.

Key Signals

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

  • High — Sustainability: Operating margin scored 14/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.