Peacedale Global Arts Inc

Nonprofit profile at a glance

EIN
921400080
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
9174141546
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$157,222
Expenses
$82,877
Assets
$143,493
Liabilities
$0

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

Leadership & pay

4 people listed

Executive titles in this filing

  • JOHN CLINTON EISNER (PRESIDENT)
  • MEGAN MCCLAIN (SECRETARY AND CEO)

Highest reported compensation

  • MEGAN MCCLAIN (SECRETARY AND CEO): $31,786 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose for which the corporation exists is to foster the global exchange of ideas to deepen understanding across cultures, encourage the sharing of differing modes of artistic expression through theater, and support artists and stories that speak to our diverse and interconnected world.

What it reported doing in 2024

In the 2024-25 season, peacedale global arts provided new play development and cultural exchange opportunities for 90 theatre artists with 7 partner organizations in New York city, portugal, and romania. The programs engaged over 1,000 audience members and provided them the chance to meet artists and hear new international theatrical work. The programs are designed to bring writers from different cultural backgrounds together with each other and local communities to expand their creative horizons and broaden their professional networks. Season activities included three international playwriting residencies in which award-winning u.s. Theatre artists participated in writing and translation workshops with local emerging and professional artists in portugal and romania. The new work, ny generative workshop, invited a diverse group of writers to develop new works of theatre and speak on a panel about new play development in New York city.

Operating model

Revenue model
Donor-supported. 100% 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 program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 92
  • Accountability: 31
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 34.7%; rating input score 35
  • Program expense ratio: 65.8%; rating input score 66
  • Fundraising efficiency: $98.94 raised per $1 spent on fundraising; rating input score 85; 85th 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: 0%; rating input score 0; 7th 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: 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 47.3%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 1.73; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 38.4%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 62.7% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 48.2% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 92.5% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 34.7% of revenue deployed · 65.8% of spending went to programs
  • Governance: 0 of 4 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $55K in reported program spending
  • Leadership: top reported pay $32K · 4 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 35/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.