Paykanartcar Inc

Nonprofit profile at a glance

EIN
871690557
IRS 990 coverage
2021–2022
Forms available
Form 990 2022
Location
Miami, FL, USA
Phone
3053710001
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Lesbian, Gay Rights

Official website

Reported finances

Revenue
$645,541
Expenses
$727,423
Assets
$201,552
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • HIVA FEIZI (PRESIDENT)

Highest reported compensation

  • HIVA FEIZI (PRESIDENT): $76,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The paykanartcar is a nonprofit, non-partisan organization that unites the talents of contemporary iranian artists with a beloved symbol of national pridethe paykan automobileto advocate for the restoration of human rights and dignity for all in iran no matter their race, religion, gender or their sexual orientation. We are privileged to have acquired an historic 1974 paykan hillman hunter limousine, a gift by the shah of iran to the authoritarian romanian dictator nicolae ceausescu. Periodically, paykanartcar will commission an exceptional iranian artist to use this historic paykan as their canvas to highlight the struggle for human dignity and human rights in iran.

What it reported doing in 2022

Since the islamic revolution in 1979, iran has systematically oppressed, persecuted, and executed thousands of members of the lgbtqia+ community. The inaugural paykanartcar will highlight the persecution of lgbtqia+ people in iran and give voice to those who are silenced by the oppressive islamic republic of iran. We have selected alireza shojaian as the artist to transform this iconic paykan automobile, into a daring multimedia art that uses traditional characters from ancient persian literature to challenge the contemporary mistreatment of the lgbtqia+ community in iran. Inaugural paykanartcar was revealed at three exhibitions in 2021. 1) miami - human rights foundation 2) paris; 3) canada

Operating model

Revenue model
Affiliate-supported. 98% of the money available for current operations came from contributions from related organizations.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 92
  • Accountability: 63
  • Sustainability: 26
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -12.7%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.28; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 93; 93rd percentile among comparable filings
  • Officer compensation ratio: 10.4%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: 56.3% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: -11.6% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -36.6% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 1 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $727K in reported program spending
  • Leadership: top reported pay $76K · 3 people listed
  • Highest-paid contractors: 2 contractors listed · $219K reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2021 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

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

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.