Entertainment Community Fund

What it reported doing in 2024

Human services (social services, employment & training, health services and senior residential care.) the fund helped approximately 26,000 people through its programs and services. These comprehensive programs are designed to meet the critical needs of performing arts and entertainment professionals. (see schedule o).program accomplishment 2: human services (social services, employment & training, health services and senior residential care.)the fund's human services offer comprehensive programs designed to meet the critical needs of entertainment and performing arts professionals. In 2024, the fund helped more than 25,981 people through its programs and services.social servicesthe fund offers free and confidential social service programs designed to address a wide array of challenges faced by people in performing arts and entertainment. In 2024, we helped 11,274 people through our free and confidential social service programs. The fund provided $7.6m in emergency financial assistance to 5,489 individuals.youth serviceslooking ahead supports young performers in developing the values, skills and confidence they need to successfully transition to fulfilling adult lives. It serves young people, their parents and alumni, through individual and family counseling, educational assistance, leadership development, community service and social events. As of 2024, 1,102 young performers are enrolled in the program.the career centerour career counseling, education and training, job development and entrepreneurship services help people find work that can be done while continuing in the industry or while developing a new professional direction. Offering classes, seminars, groups, tuition assistance and counseling, the career center empowers people in our community to find fulfilling work that complements their interests and skills. In 2024, the program served 3,299 performing arts and entertainment professionals. Career transition for dancers and the dancers' resource the fund has long supported the dance community in managing the demands of a life in dance. To assist dancers during and post-career, our career transition for dancers and dancers' resource programs help our community around career planning and transition, health, wellness and support for injured dancers, emergency financial assistance and educational scholarships. In 2024, 763 dancers and choregraphers received services and career transition for dancers program provided $132,250 in educational scholarships to 53 dancers.health servicesour artists health insurance resource center provides workshops and seminars with comprehensive information on the latest insurance options, and helps individuals identify and enroll in health insurance coverage. In 2024, 4,030 participated in the program, with 2,415 completing enrollment in health insurance coverage. In partnership with the mount sinai health system, the friedman health center for the performing arts in times square, New York city, is the only health center in nyc solely focused on the particular health care needs of those who work in performing arts and entertainment. It offers primary and specialty care and accepts most insurances plans, including commercial insurances, several marketplace/exchange plans, medicare and workers' compensation. In 2024, 10,762 patients were served.

Financial Efficiency

• Mission deployment rate: 91.6%; rating input score 92
• Program expense ratio: 86.7%; rating input score 87
• Fundraising efficiency: $5.18 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 2.9%; rating input score 47; 47th percentile among comparable filings
• Total-asset coverage ratio: 2.83; rating input score 74; 74th percentile among comparable filings
• Liabilities to assets ratio: 0.35; rating input score 51; 51st percentile among comparable filings
• Officer compensation ratio: 6.8%; rating input score 8; 8th percentile among comparable filings

Growth

• Program expense growth: 9.7% per year; rating input score 100; 73rd percentile among comparable filings
• Revenue growth: 8.6% per year; rating input score 100; 71st percentile among comparable filings
• Asset growth: 9.3% per year; rating input score 100; 66th percentile among comparable filings