Inheiritance Project Ltd EIN 32-0592479 Form 990 (PDF) Claim this org

Inheiritance Project Ltd FY2022 filing

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Uses theater to help communities discuss difficult civic issues using shared heritage. For fiscal year 2022 it reported $251K in revenue, $426K in expenses, and $14K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
New York, NY
Website
www.inheiritance.org
Filings
5 on file (2020–2022)
Revenue
$251KFY2022
Expenses
$426K
Net assets
$14K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  32-0592479 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Uses theater to help communities discuss difficult civic issues using shared heritage.
Leadership
Jonathan Ross · President · $60K
Money in and out
$251K revenue, $426K expenses
Bottom line
76% program efficiency
Where the money goes · FY2022
Total revenue
$251K
Pt VIII · Ln 12
Total expenses
$426K
Pt IX · Ln 25
Net assets
$14K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$176K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.16 Fundraising $0.08
Program efficiency
76%
of spending reaches programs
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-70%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$251K
FY2022▼ -45%
Expenses
$426K
FY2022▲ +22%
Total assets
$85K
FY2022▼ -58%
Total liabilities
$71K
FY2022▲ +396%
Total revenue
$251K
Pt VIII · Ln 12
Total expenses
$426K
Pt IX · Ln 25
Net assets
$14K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$176K
Total assetsPt X · Ln 16$85K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInheiritance Project Ltd
EINHdr · item D32-0592479
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.inheiritance.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFMar 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$60,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jonathan Ross’s $75K as Executive Dir. is at the 69th 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jonathan Ross$74,750$46,875$60,000
Jonathan Adam Ross$52,500$20,167

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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Mission & Programs · Part III

Where the work happens

1 program service account for $325K of program spending, described in the organization's own filed words · FY2022.
01

The In[HEIR]itance Project is a national arts organization that works with intersectional, intergenerational,and interfaith communities to build relationships across societal divides through collaborative theater projects inspired by shared cultural touchstones.

$325Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$208K · 83%
Program service revenue$42K · 17%
Contributions & grants83%$208K
Program service revenue17%$42K
Investment income$457
— government grantsLn 1e$20K
Total revenueLn 12$251K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.16 Fundraising $0.08
Program services76%$325K
Management & general16%$69K
Fundraising8%$32K
Total functional expensesLn 25$426K

Balance Sheet

Part X · end of year
CashLn 1$27K
Total assetsLn 16$85K
Total liabilitiesLn 26$71K
Total net assetsLn 32$14K
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $27K · Operating expenses/yr $426K
0.8 months
Where the money goes
Program services
Program services $325K · Total expenses $426K
76%
Management & General
Management & general $69K · Total expenses $426K
16%
Fundraising
Fundraising $32K · Total expenses $426K
8%
Cost to raise $1
Fundraising expense (2-yr avg) $45K · Solicited contributions (2-yr avg) $274K
$0.16 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $208K · Total revenue $251K
83%
Government reliance
Government grants $20K · Total revenue $251K
8%
Earned-income share
Program service revenue $42K · Total revenue $251K
17%
Investment reliance
Investment income $457 · Total revenue $251K
+0.2%
Program self-sufficiency
Program service revenue $42K · Total expenses $426K
10%
Growth & trend
Revenue growth (YoY)
This year $251K · Prior year $454K
-45%
Net-asset trend (YoY)
End of year $14K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $251K · Expenses $426K
-70%
Liabilities-to-Assets
Total liabilities — · Total assets $85K
Net-asset ratio
Net assets $14K · Total assets $85K
16%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $18 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $85K
0.02%
People & payroll
Highest Reported Total Compensation
Individual Jonathan Ross · Reported title President · Highest reported compensation $60K · Total expenses $426K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $195K · Total expenses $426K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 16%
Fundraising cost ratio 16%
Revenue growth -45%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
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 · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 1 grant · $6K · 2022–2022
Unitemized GrantFY2022$5,500

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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)$467K revenue · ⤓ 990 PDF
FY2023$443K revenue · ⤓ 990 PDF
FY2022$251K revenue · viewing · ⤓ 990 PDF
FY2021$454K revenue · ⤓ 990 PDF
FY2020$184K 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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