Yard INC EIN 23-7348937

Yard INC FY2020 filing

EIN  23-7348937 Public charity (501(c)(3)) Chilmark, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports artists' creative and social work through residencies, performances, and community engagement.
Leadership
David White · Artistic Director · $107K
Money in and out
$838K revenue, $165K expenses
Bottom line
51% program efficiency

Supports artists' creative and social work through residencies, performances, and community engagement. For fiscal year 2020 it reported $838K in revenue, $165K in expenses, and $3.2M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$838K
Pt VIII · Ln 12
Total expenses
$165K
Pt IX · Ln 25
Net assets
$3.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $673K
Where spending went · Part IX cols B–D
Program services $0.51 Management & general $0.37 Fundraising $0.12
Program efficiency
51%
of spending reaches programs
Operating runway
95.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+80%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$838K
FY2020▼ -28%
Expenses
$165K
FY2020▼ -84%
Total assets
$3.4M
FY2020▲ +24%
Total liabilities
$241K
FY2020▲ +1%
Total revenue
$838K
Pt VIII · Ln 12
Total expenses
$165K
Pt IX · Ln 25
Net assets
$3.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$673K
Total assetsPt X · Ln 16$3.4M
Program-expense ratioPt IX · col B51%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

2 program services account for $84K of program spending, described in the organization's own filed words · FY2020.
01

Providing a supportive environment for dance development through creative research residency for artists, choreographic mentorship, brown bag lunch seminar, community roundtables. As well as providing a venue for performances in the performing arts, including contempoary dance and related forms, puppetry, children's theater, music…

$84Kprogram expense
02

Providing educational opportunities for students, seniors, and general community through dance-making and movement programs offered in partnership with public and private schools and other community institutions.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CYard INC
EINHdr · item D23-7348937
Principal addressHdr · item CChilmark, MA
WebsiteHdr · item Jwww.dancetheyard.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A620)
Ruling yearIRS BMFNov 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Artistic Director
$106,724Pt VII · Sec A
Executive Director
$62,309Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Stephanie Pacheco’s $130K as Exec. Director is at the 96th 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2020
David White$106,724$171,704
Stephanie Pacheco$130,000$71,222
Yvonne Mendez$84,000$105,561
Yvone Mendez$83,538
Chloe Jones$60,340$67,018$62,309$54,309

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 & grants100%$836K
Program service revenue$180
Investment income$2K
Other revenue$500
Total revenueLn 12$838K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.51 Management & general $0.37 Fundraising $0.12
Program services51%$84K
Management & general37%$60K
Fundraising12%$20K
Total functional expensesLn 25$165K

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$3.4M
Total liabilitiesLn 26$241K
Total net assetsLn 32$3.2M
Months of cash on handcomputed89.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses (Pt IX) $165K · Less non-cash grants $10K · Cash operating expenses/yr $154K
95.7 months
Where the money goes
Program services
Program services $84K · Total expenses $165K
51%
Management & General
Management & general $60K · Total expenses $165K
37%
Fundraising
Fundraising $20K · Total expenses $165K
12%
Cost to raise $1
Fundraising expense (2-yr avg) $74K · Solicited contributions (2-yr avg) $967K
$0.08 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $836K · Total revenue $838K
100%
Government reliance
Government grants — · Total revenue $838K
Earned-income share
Program service revenue $180 · Total revenue $838K
0%
Investment reliance
Investment income $2K · Total revenue $838K
0%
Program self-sufficiency
Program service revenue $180 · Total expenses $165K
0%
Growth & trend
Revenue growth (YoY)
This year $838K · Prior year $1.2M
-28%
Net-asset trend (YoY)
End of year $3.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $838K · Expenses $165K
+80%
Liabilities-to-Assets
Total liabilities — · Total assets $3.4M
Net-asset ratio
Net assets $3.2M · Total assets $3.4M
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David White · Reported title ARTISTIC DIRECTOR · Highest reported compensation $107K · Total expenses $165K
65%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $90K · Total expenses $165K
55%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 51%
Overhead ratio 37%
Fundraising cost ratio 2%
Revenue growth -28%
Accounting fee ratio 5%

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
See all 8 funders →

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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)$398K revenue · ⤓ 990 PDF
FY2023$757K revenue · ⤓ 990 PDF
FY2022$1.8M revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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