Everett EIN 05-0451784

Everett FY2022 filing

EIN  05-0451784 Public charity (501(c)(3)) Providence, RI Founded 1990
Form 990 (PDF)
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Size
<$100K
What they do
Nurtures artists and audiences through performance, education, and a dedicated stage.
Leadership
Aaron Jungles · Co-Artistic Director · $28K
Money in and out
$345K revenue, $288K expenses
Bottom line
88% program efficiency

Nurtures artists and audiences through performance, education, and a dedicated stage. For fiscal year 2022 it reported $345K in revenue, $288K in expenses, and $739K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$345K
Pt VIII · Ln 12
Total expenses
$288K
Pt IX · Ln 25
Net assets
$739K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $57K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.10 Fundraising $0.02
Program efficiency
88%
of spending reaches programs
Operating runway
20.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$345K
FY2022▲ +39%
Expenses
$288K
FY2022▲ +140%
Total assets
$739K
FY2022▲ +8%
Total liabilities
$0
FY2022▼ -100%
Total revenue
$345K
Pt VIII · Ln 12
Total expenses
$288K
Pt IX · Ln 25
Net assets
$739K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$57K
Total assetsPt X · Ln 16$739K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

1 program service account for $254K of program spending, described in the organization's own filed words · FY2021.
01

Everett Community Engagement Everett's ensemble of artists conducted performance and educational activities through the year for low-income communities across Rhode Island and beyond. This included teaching courses in the performing arts to over 150 young people at Everett School where 90% of students are low-income and attend free of…

$254Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEverett
EINHdr · item D05-0451784
Principal addressHdr · item CProvidence, RI
WebsiteHdr · item Jwww.everettri.org
Year of formationHdr · item L1990
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A600)
Ruling yearIRS BMFFeb 1991

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Co-Artistic Director
$28,350Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Artistic Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Aaron Jungels’s $35K as Co-Artistic Director/Treas is at the 90th percentile of top reported officer pay among 249 <$100K 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Aaron Jungles$36,450$35,100$28,350$10,750$36,450
Aaron Jungels$35,100

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$267K · 77%
Program service revenue$78K · 23%
Contributions & grants77%$267K
Program service revenue23%$78K
Investment income$195
— government grantsLn 1e$92K
Total revenueLn 12$345K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.10 Fundraising $0.02
Program services88%$254K
Management & general10%$28K
Fundraising2%$6K
Total functional expensesLn 25$288K

Balance Sheet

Part X · end of year
CashLn 1$493K
Total assetsLn 16$739K
Total liabilitiesLn 26$0
Total net assetsLn 32$739K
Months of cash on handcomputed20.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $493K · Operating expenses/yr $288K
20.5 months
Where the money goes
Program services
Program services $254K · Total expenses $288K
88%
Management & General
Management & general $28K · Total expenses $288K
10%
Fundraising
Fundraising $6K · Total expenses $288K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $151K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $267K · Total revenue $345K
77%
Government reliance
Government grants $92K · Total revenue $345K
27%
Earned-income share
Program service revenue $78K · Total revenue $345K
23%
Investment reliance
Investment income $195 · Total revenue $345K
0%
Program self-sufficiency
Program service revenue $78K · Total expenses $288K
27%
Growth & trend
Revenue growth (YoY)
This year $345K · Prior year $249K
+39%
Net-asset trend (YoY)
End of year $739K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $345K · Expenses $288K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $739K
Net-asset ratio
Net assets $739K · Total assets $739K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $739K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Aaron Jungles · Reported title Co-Artistic Director · Highest reported compensation $28K · Total expenses $288K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $173K · Total expenses $288K
60%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 10%
Fundraising cost ratio 2%
Revenue growth 39%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$7K

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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$208K revenue · ⤓ 990 PDF
FY2023$291K revenue · ⤓ 990 PDF
FY2022$345K revenue · viewing · ⤓ 990 PDF
FY2021$249K revenue · ⤓ 990 PDF
FY2020$287K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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