The Bronx Museum of the Arts

Nonprofit profile at a glance

EIN
132709368
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Bronx, NY, USA
Phone
7186816000
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Art Museums

Official website

Reported finances

Revenue
$3,536,705
Expenses
$4,341,518
Assets
$3,849,363
Liabilities
$297,854

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

Leadership & pay

31 people listed

Executive titles in this filing

  • KLAUDIO RODRIGUEZ (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KLAUDIO RODRIGUEZ (EXECUTIVE DIRECTOR): $282,491 total reported compensation
  • YVONNE GARCIA (CHIEF ADVANCE OFFICER): $265,888 total reported compensation
  • SHIRLEY SOLOMON (DEPUTY DIRECTOR): $190,118 total reported compensation

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

Overview

Mission

See schedule o.

What it reported doing in 2024

ONGOING EDUCATION PROGRAMS INCLUDED THE GROUP VISITS PROGRAM; FAMILY AFFAIR; TEEN SUMMER PROGRAM; SCHOOL PARTNERSHIPS WITH: PS30X The Wilton School, PS32X The Belmont School, IS 218 218 Rafael Hernandez Dual Language Magnet School, IS 184 South Bronx Academy for Applied Media, PS 58x Community School.; AND AFTER-SCHOOL PROGRAMS SUCH AS TEEN COUNCIL, THE CASA PROGRAM WITH PS 35, AND TEEN THURSDAYS. THROUGH THE CITY-WIDE VIOLENCE PREVENTION AND INTERVENTION FOR YOUTH AND YOUNG ADULTS INITIATIVE, FOUR AFTER-SCHOOL PROGRAMS CONTINUED WITH LOCAL PUBLIC SCHOOLS: Urban Assembly School for Applied Math and Science, The Family School P.S. 443, I.S. 218 Rafael Hernandez Dual Language School, MS 301 M.S. 301 Paul L. Dunbar

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 95
  • Accountability: 100
  • Sustainability: 22
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.6%; rating input score 100
  • Program expense ratio: 77.8%; rating input score 78
  • Fundraising efficiency: $8.75 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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: 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: -22.8%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.89; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 17%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 0.4% per year; rating input score 100; 15th percentile among comparable filings
  • Revenue growth: -0.8% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 99.6% of revenue deployed · 77.8% of spending went to programs
  • Governance: 26 of 26 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $3.4M in reported program spending
  • Leadership: top reported pay $282K · 31 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $322K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 33/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.