Art2action INC EIN 27-3413890 Form 990 (PDF) Claim this org

Art2action INC FY2020 filing

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Creates and presents original theater and performances, supporting diverse artists and fostering cultural equity. For fiscal year 2020 it reported $346K in revenue, $213K in expenses, and $164K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
New York, NY
Website
www.art2action.org
Filings
6 on file (2019–2020)
Revenue
$346KFY2020
Expenses
$213K
Net assets
$164K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-3413890 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Creates and presents original theater and performances, supporting diverse artists and fostering cultural equity.
Leadership
Andrea Assaf · Artistic & Executive Director · $75K
Money in and out
$346K revenue, $213K expenses
Bottom line
52% program efficiency
Where the money goes · FY2020
Total revenue
$346K
Pt VIII · Ln 12
Total expenses
$213K
Pt IX · Ln 25
Net assets
$164K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $133K
Where spending went · Part IX cols B–D
Program services $0.52 Management & general $0.48
Program efficiency
52%
of spending reaches programs
Operating runway
9.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+38%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$346K
FY2020▲ +107%
Expenses
$213K
FY2020▲ +35%
Total assets
$164K
FY2020▲ +418%
Total liabilities
$0
FY2020
Total revenue
$346K
Pt VIII · Ln 12
Total expenses
$213K
Pt IX · Ln 25
Net assets
$164K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$133K
Total assetsPt X · Ln 16$164K
Program-expense ratioPt IX · col B52%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $112K of program spending, described in the organization's own filed words · FY2020.
01

Fiscal Sponsorships

During the pandemic, Art2Action fiscally sponsored artist-driven projects aligned with our mission, including: the Auntie Sewing Squad, founded by performance artist Kristina Wong; and James Geiger, our webmaster and photographer, who is an artist living with a disability.

$81Kprogram expense
02

During the pandemic, we offered new and expanded online programming related to our programs and projects including Eleven Reflections on the Nation, our Veteran Community Open Mic, and a new partnership with Houston in Action. Expenses represent artist fees and honoraria, online technical support, etc.

$16Kprogram expense
03

As part of our on-going new works creation series, "A2A Originals", we developed and presented (virtually) new plays by Kristina Wong, with the support of the National Performance Network (NPN), and Andrea Assaf, with multi-year support from the New England Foundation for the Arts (NEFA).

$15Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArt2action INC
EINHdr · item D27-3413890
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.art2action.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFAug 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Artistic & Executive Director
$75,000Pt VII · Sec A
Board Chair Elect
$3,200Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Andrea Assaf’s $106K as Artistic & Executive Director is at the 91st 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Andrea Assaf$106,454$80,016$78,196$88,667$75,000$61,923
Gabrielle Vigueira$59,992$54,746$55,246
Dora Arreola$1,000$3,200

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$192K · 56%
Program service revenue$153K · 44%
Contributions & grants56%$192K
Program service revenue44%$153K
Investment income$208
Total revenueLn 12$346K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.52 Management & general $0.48
Program services52%$112K
Management & general48%$101K
Total functional expensesLn 25$213K

Balance Sheet

Part X · end of year
CashLn 1$164K
Total assetsLn 16$164K
Total liabilitiesLn 26$0
Total net assetsLn 32$164K
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $164K · Operating expenses/yr $213K
9.3 months
Where the money goes
Program services
Program services $112K · Total expenses $213K
52%
Management & General
Management & general $101K · Total expenses $213K
48%
Fundraising
Fundraising $0 · Total expenses $213K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $140K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $192K · Total revenue $346K
56%
Government reliance
Government grants $0 · Total revenue $346K
0%
Earned-income share
Program service revenue $153K · Total revenue $346K
44%
Investment reliance
Investment income $208 · Total revenue $346K
+0.06%
Program self-sufficiency
Program service revenue $153K · Total expenses $213K
72%
Growth & trend
Revenue growth (YoY)
This year $346K · Prior year $167K
+107%
Net-asset trend (YoY)
End of year $164K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $346K · Expenses $213K
+38%
Liabilities-to-Assets
Total liabilities — · Total assets $164K
Net-asset ratio
Net assets $164K · Total assets $164K
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) $164K
0%
People & payroll
Highest Reported Total Compensation
Individual Andrea Assaf · Reported title Artistic & Executive Director · Highest reported compensation $75K · Total expenses $213K
35%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $84K · Total expenses $213K
39%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 52%
Overhead ratio 48%
Fundraising cost ratio 0%
Revenue growth 107%
Investment management fee ratio 0%
Legal fee ratio 0.3%
Accounting fee ratio 0%
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.

Grants

Schedule I · funders on record
Grants received · FY2024
Ford FoundationFY2024$325K
South Arts INCFY2024$22K
Total grants receivedfrom 7 funders$452K
See all 7 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)$699K revenue · ⤓ 990 PDF
FY2023$238K revenue · ⤓ 990 PDF
FY2022$415K revenue · ⤓ 990 PDF
FY2021$254K revenue · ⤓ 990 PDF
FY2020$346K revenue · viewing · ⤓ 990 PDF
FY2019$167K 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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