Split This Rock INC FY2021 filing

Washington, DC · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible Latest data FY2021
Revenue
$318K
▼ -36% vs prior year
Spent
$334K
To programs
70%
Net assets
$100K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2022 — 4 yrs ago
Foundation funders?
2 funders, incl. Understood for All INC
$147K in the latest grant year.
Spent on programs?
70% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -36% vs prior year
Legal name (IRS)Hdr · item CSplit This Rock INC
EINHdr · item D26-4559492
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2009
Latest filingForm 990FY2023 · Form 990
Principal addressHdr · item CWashington, DC
NTEE classificationIRS BMFArts & Culture (A70)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.18 Fundraising $0.12
Program services70%$235K
Management & general18%$60K
Fundraising12%$39K
Total functional expensesLn 25$334K

Financial health

Revenue & expenses by yearFY2020–FY2023
Revenue
$318K
FY2021▼ -36%
Expenses
$334K
FY2021▼ -19%
Program efficiency
70%
of spending reaches programs
Operating runway
3.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$100K
FY2021▼ -40%
Total liabilities
$0
FY2021
Revenue less expensesPt I · Ln 19−$16K
Total assetsPt X · Ln 16$100K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$100K
Total assetsLn 16$100K
Total liabilitiesLn 26$0
Total net assetsLn 32$100K
Months of cash on handcomputed3.6

Statement of Revenue

Part VIII
Contributions & grants$315K · 99%
Program service revenue$3K · 1%
Contributions & grants99%$315K
Program service revenue1%$3K
Investment income$47
— government grantsLn 1e$167K
Total revenueLn 12$318K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $100K · Operating expenses/yr $334K
3.6 months
Where the money goes
Program services
Program services $235K · Total expenses $334K
70%
Management & General
Management & general $60K · Total expenses $334K
18%
Fundraising
Fundraising $39K · Total expenses $334K
12%
Cost to raise $1
Fundraising expense (2-yr avg) $34K · Solicited contributions (2-yr avg) $182K
$0.18 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $315K · Total revenue $318K
99%
Government reliance
Government grants $167K · Total revenue $318K
52%
Earned-income share
Program service revenue $3K · Total revenue $318K
0.9%
Investment reliance
Investment income $47 · Total revenue $318K
+0.01%
Program self-sufficiency
Program service revenue $3K · Total expenses $334K
0.9%
Growth & trend
Revenue growth (YoY)
This year $318K · Prior year $494K
-36%
Net-asset trend (YoY)
End of year $100K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $318K · Expenses $334K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $100K
—
Net-asset ratio
Net assets $100K · Total assets $100K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $100K
0%
People & payroll
Highest Reported Total Compensation
Individual Rasha Abdulhadi · Reported title Executive Dir. · Highest reported compensation $65K · Total expenses $334K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $239K · Total expenses $334K
72%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 18%——
Fundraising cost ratio 12%——
Revenue growth -36%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 2%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Dir.
$65,000Pt VII · Sec A
$49,401Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Chelsea Iorlano’s $58K as Director is at the 52nd percentile of top reported officer pay among 2215 $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 · 4 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Rasha Abdulhadi—$14,625$65,000$65,000
Chelsea Iorlano$58,027———
Camisha Jones$36,299$50,369$49,401$47,220
Sarah Browning———$2,167

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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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Promotes poetry for social justice and supports poets creating vital work.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

Split This Rock is dedicated to revitalizing poetry as a living, breathing art form with profound relevance in our daily lives and struggles. Our programs integrate poetry of provocation and witness into movements for social justice and support the poets of all ages who write and perform this vital work.

Pt IX · col B

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Ford FoundationFY2024$50K
Total grants receivedfrom 2 funders$147K

Filing history

YearRevenueExpensesChangeFiling
FY2023 Latest $268K$261K+21% 990 PDF
FY2022 $221K$251K-30% 990 PDF
FY2021 Viewing $318K$334K-36% 990 PDF
FY2020 $494K$411K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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