Flux Projects INC EIN 27-0347975 Form 990 (PDF) Claim this org

Flux Projects INC FY2021 filing

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Commissions public art in Atlanta, inviting exploration of city sites and stories to imagine future possibilities. For fiscal year 2021 it reported $267K in revenue, $438K in expenses, and $9K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Atlanta, GA
Website
www.fluxprojects.org
Filings
5 on file (2020–2021)
Revenue
$267KFY2021
Expenses
$438K
Net assets
$9K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-0347975 Public charity (501(c)(3)) Atlanta, GA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Commissions public art in Atlanta, inviting exploration of city sites and stories to imagine future possibilities.
Leadership
Anne Dennington · Executive Director · $49K
Money in and out
$267K revenue, $438K expenses
Bottom line
79% program efficiency
Where the money goes · FY2021
Total revenue
$267K
Pt VIII · Ln 12
Total expenses
$438K
Pt IX · Ln 25
Net assets
$9K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$171K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.18 Fundraising $0.03
Program efficiency
79%
of spending reaches programs
Surplus margin
-64%
revenue over expenses, this year
Donor-funded
100%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$267K
FY2021▼ -6%
Expenses
$438K
FY2021▲ +102%
Total assets
$31K
FY2021▼ -85%
Total liabilities
$21K
FY2021▼ -6%
Total revenue
$267K
Pt VIII · Ln 12
Total expenses
$438K
Pt IX · Ln 25
Net assets
$9K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$171K
Total assetsPt X · Ln 16$31K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFlux Projects INC
EINHdr · item D27-0347975
Principal addressHdr · item CAtlanta, GA
WebsiteHdr · item Jwww.fluxprojects.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFFeb 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$48,609Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Anne Dennington’s $19K as Executive Director is at the 14th percentile of top reported officer pay among 2213 $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 · 1 named individual · Part VII

NameFY2023FY2022FY2021
Anne Dennington$18,750$50,500$48,609

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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Mission & Programs · Part III

Where the work happens

1 program service account for $346K of program spending, described in the organization's own filed words · FY2021.
01

Flux projects organizes and manages temporary public art projects and events change the way people experience atlanta and think about our community. Flux projectss work attracts tens of thousands of people from atlanta and the surrounding region and educates them on the diversity and richness of the citys artistic culture.

$346Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$267K
— government grantsLn 1e$45K
Total revenueLn 12$267K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.18 Fundraising $0.03
Program services79%$346K
Management & general18%$78K
Fundraising3%$13K
Total functional expensesLn 25$438K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$31K
Total liabilitiesLn 26$21K
Total net assetsLn 32$9K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses (Pt IX) $438K · Less non-cash grants $45K · Cash operating expenses/yr $393K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $346K · Total expenses $438K
79%
Management & General
Management & general $78K · Total expenses $438K
18%
Fundraising
Fundraising $13K · Total expenses $438K
3%
Cost to raise $1
Fundraising expense (2-yr avg) $9K · Solicited contributions (2-yr avg) $215K
$0.04 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $267K · Total revenue $267K
100%
Government reliance
Government grants $45K · Total revenue $267K
17%
Earned-income share
Program service revenue $0 · Total revenue $267K
0%
Investment reliance
Investment income $0 · Total revenue $267K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $438K
0%
Growth & trend
Revenue growth (YoY)
This year $267K · Prior year $286K
-6%
Net-asset trend (YoY)
End of year $9K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $267K · Expenses $438K
-64%
Liabilities-to-Assets
Total liabilities — · Total assets $31K
Net-asset ratio
Net assets $9K · Total assets $31K
30%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $31K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Anne Dennington · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $49K · Total expenses $438K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $71K · Total expenses $438K
16%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 18%
Fundraising cost ratio 5%
Revenue growth -6%
Accounting fee ratio 2%

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 6 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)$238K revenue · ⤓ 990 PDF
FY2023$272K revenue · ⤓ 990 PDF
FY2022$322K revenue · ⤓ 990 PDF
FY2021$267K revenue · viewing · ⤓ 990 PDF
FY2020$286K revenue · ⤓ 990 PDF

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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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