The Ministry of the Kordada Inc

Nonprofit profile at a glance

EIN
824117318
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2020, Form 990-N 2023
Location
West Hollywood, CA, USA
Phone
3108541114
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$721,376
Expenses
$588,846
Assets
$148,834
Liabilities
$37,097

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

Leadership & pay

3 people listed

Executive titles in this filing

  • STEFAN ASHKENAZY (CEO/PRESIDENT)

People named in this filing

  • JENNIFER TIGHE (CFO/TREASURER)
  • LAUREN BRAND (SECRETARY)
  • STEFAN ASHKENAZY (CEO/PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The ministry of the kordada inc. Is a collaborative effort of the weird and wonderful, intended to draw attention to, revitalize, and partner and flourish with, local artistic enclaves and forgotten peoples around the world. Tmok was born out of the (cont. Sch o) desire by a small group of los angelinos to breath life, art, and beauty back into a distressed community, bombay beach, ca.bombay beach is a small town of 300 residents that resides on the shores of the salton sea. The salton sea is a looming ecological disaster, filled with toxins such as accumulated drifting waste and lifeless rotting sea creatures. The biennale program seeks to bring attention and resources to bombay beach. The founders of tmok have purchased land in the town, that will be made available for use, by tmok artists and creatives it supports. The intent is to rehabilitate and enhance these spaces in order to create permanent works of interactive art that can be enjoyed by locals and visitor's year- round.

What it reported doing in 2024

The ministry of the kordada inc. Is a collaborative effort of the weird and wonderful, intended to draw attention to, revitalize, and partner and flourish with, local artistic enclaves and forgotten peoples around the world. Tmok was born out of the desire by a small group of los angelinos to breath life, art, and beauty back into a distressed community, bombay beach, ca through the biennale art festival.the underlying emphasis of the festival is to enhance the local environment in order to bring intrinsic value back to this once-popular southern California destination. The kordada will continue with its efforts to fund raise for the future biennales with the goal to increase the donation pool, the per donor (continued on schedule o) amount, and the tourist numbers to the town for local commerce. It is not possible to put a timeline or any statistics to the derived benefit of the underlying program, as it is also highly improbable, due to its environment, that bombay beach will return to its once upon a time "destination" status in the immediate future. But a good effort is being made to put it back on the map and provoke discussions about the ecological issues it faces.

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 94% 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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 94
  • Accountability: 70
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.4%; rating input score 81
  • Program expense ratio: 99.7%; 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: 100%; rating input score 100; 76th percentile among comparable filings
  • 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: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: 18.4%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 0.25; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 25% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 30.3% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 14.6% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 81.4% of revenue deployed · 99.7% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $587K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2019 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.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.