Storytelling Arts Inc
Nonprofit profile at a glance
- EIN
- 223473712
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Lambertville, NJ, USA
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $98,830
- Expenses
- $100,982
- Assets
- $20,951
- Liabilities
- $4,550
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Soni Pahade (President)
People named in this filing
- Soni Pahade (President)
- Michael G Lettiere (Treasurer)
- Lillie Chen (Board Member)
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
Teacher mentoring classroom residencies professional development workshops for teachers and storytellers and assemblies for large audiences
What it reported doing in 2024
Expenses: roughly 85,905 salaries are the primary program expense to cover the cost of the teaching artists for the school residencies.
Operating model
- Revenue model
- Donor-supported. 97% 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. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 82
- Sustainability: 26
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.9%; rating input score 87
- Program expense ratio: 85.1%; rating input score 85
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2.2%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 57.5%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -3% per year; rating input score 0; 40th percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 86.9% of revenue deployed · 85.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $86K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.