The Philip Cuomo Family Foundation Inc
Nonprofit profile at a glance
- EIN
- 872462457
- IRS 990 coverage
- 2022–2025
- Forms available
- Form 990 2025, Form 990-N 2021
- Location
- Winter Springs, FL, USA
- Phone
- 4078789189
- Rating
- 41
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Private Operating Foundations
Reported finances
- Revenue
- $655,311
- Expenses
- $133,375
- Assets
- $3,367,658
- Liabilities
- $1,865,850
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Leo F Cuomo (President)
People named in this filing
- Michele Cuomo (Director)
- Leo F Cuomo (President)
- Lisa Gabel (Secretary)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Philip Cuomo Family Foundation was formed to ensure that Philip Cuomos life work would continue. Its stated mission is to support the arts in Portland. Its first project, which was begun by Philip, was to purchase the CoHo Theatre building, in order that it remain a theatre.The Philip Cuomo Family Foundation is committed to preserving the legacy of Philip Cuomo, theatre artist and arts administrator. Philip was a passionate advocate for new work development and community engagement. As Producing Artistic Director of CoHo Productions, he had overseen the development and production of dozens of new plays, as well as programs that supported emerging artists and engaged with Portlands diverse communities.
What it reported doing in 2025
Served as a new building for small to midsize theatres such as Third Rail and PETE, and will serve as a space to nurture artists and the performing arts. The Cuomo Theatre Collaborative operated under a model of collective leadership, artist empowerment, and affordable access.
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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 21
- Transparency & Controls: 83
- Accountability: 0
- Sustainability: 85
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 7.7%; rating input score 8
- Program expense ratio: 38%; rating input score 38
- Fundraising efficiency: $9.63 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 18th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 6th percentile among comparable filings
- Governance controls: 0 of 7 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- 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: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 79.6%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 25.25; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: -44% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 8% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 9.4% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 7.7% of revenue deployed · 38% of spending went to programs
- Governance: 0 of 6 board members independent · 0 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $51K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 18 of 19 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Financial Efficiency: Mission deployment rate scored 8/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 6 of 6 not reported.
- Moderate — Financial Efficiency: Program expense ratio scored 38/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Transparency & Controls: Schedule G fundraiser detail did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 11/100.