Bindlestiff Studio EIN 04-3739923

Bindlestiff Studio FY2023 filing

EIN  04-3739923 Public charity (501(c)(3)) San Francisco, CA Founded 2001
Form 990 (PDF)
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Size
$100K–1M
What they do
Nurtures and mentors young Filipino American artists and leaders in an affordable theater.
Leadership
Aureen Almario · Artistic Director · $46K
Money in and out
$423K revenue, $397K expenses
Bottom line
71% program efficiency

Nurtures and mentors young Filipino American artists and leaders in an affordable theater. For fiscal year 2023 it reported $423K in revenue, $397K in expenses, and $607K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$423K
Pt VIII · Ln 12
Total expenses
$397K
Pt IX · Ln 25
Net assets
$607K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $26K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs
Operating runway
17.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$423K
FY2023▲ +31%
Expenses
$397K
FY2023▲ +85%
Total assets
$647K
FY2023▲ +46%
Total liabilities
$40K
FY2023▲ +227%
Total revenue
$423K
Pt VIII · Ln 12
Total expenses
$397K
Pt IX · Ln 25
Net assets
$607K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$26K
Total assetsPt X · Ln 16$647K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $280K of program spending, described in the organization's own filed words · FY2023.
01

See schedule o

$280Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBindlestiff Studio
EINHdr · item D04-3739923
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.bindlestiffstudio.org
Year of formationHdr · item L2001
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A23)
Ruling yearIRS BMFDec 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Artistic Director
$46,475Pt VII · Sec A
Technical Staff
$38,115Pt VII · Sec A
Managing Director
$33,600Pt VII · Sec A
$2,237Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Aureen Almario’s $56K as Artistic Director is at the 51st percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Aureen Almario$56,254$46,475$40,428$55,733
Oliver Saria$33,660$33,600$2,000$49,309$34,575
David Ragaza$38,085$38,115$2,440$3,979
Oliver Saria$34,575
David Ragaza$3,215
Julie Kuwabara$2,237$1,546$1,560
Julie Kuwabara$1,560
Charles Lacson$1,300$750$43

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$386K · 91%
Program service revenue$37K · 9%
Contributions & grants91%$386K
Program service revenue9%$37K
Investment income$287
Other revenue$791
— government grantsLn 1e$190K
Total revenueLn 12$423K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$280K
Management & general29%$117K
Total functional expensesLn 25$397K

Balance Sheet

Part X · end of year
CashLn 1$587K
Total assetsLn 16$647K
Total liabilitiesLn 26$40K
Total net assetsLn 32$607K
Months of cash on handcomputed17.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $587K · Operating expenses/yr $397K
17.7 months
Where the money goes
Program services
Program services $280K · Total expenses $397K
71%
Management & General
Management & general $117K · Total expenses $397K
29%
Fundraising
Fundraising $0 · Total expenses $397K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $137K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $386K · Total revenue $423K
91%
Government reliance
Government grants $190K · Total revenue $423K
45%
Earned-income share
Program service revenue $37K · Total revenue $423K
9%
Investment reliance
Investment income $287 · Total revenue $423K
0%
Program self-sufficiency
Program service revenue $37K · Total expenses $397K
9%
Growth & trend
Revenue growth (YoY)
This year $423K · Prior year $323K
+31%
Net-asset trend (YoY)
End of year $607K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $423K · Expenses $397K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $647K
Net-asset ratio
Net assets $607K · Total assets $647K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $647K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Aureen Almario · Reported title ARTISTIC DIRECTOR · Highest reported compensation $46K · Total expenses $397K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $137K · Total expenses $397K
35%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Revenue growth 31%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$105K
See all 3 funders →
Grants paid · 11 grants · $37K · 2020–2022
Unitemized GrantFY2022$776
Unitemized GrantFY2022$500
Unitemized GrantFY2022$350
Unitemized GrantFY2021$11,200
Unitemized GrantFY2021$1,325
Unitemized GrantFY2021$855
Unitemized GrantFY2021$500
Unitemized GrantFY2021$207
Unitemized GrantFY2021$200
Unitemized GrantFY2020$10,609
Unitemized GrantFY2020$10,609

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$348K revenue · ⤓ 990 PDF
FY2023$423K revenue · viewing · ⤓ 990 PDF
FY2022$323K revenue · ⤓ 990 PDF
FY2021$325K revenue · ⤓ 990 PDF
FY2020$382K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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