Tropicalfete INC

Tax-deductible

Manhattan, NY501(c)(3)Arts & CultureEIN 45-2940435

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Run by 10 volunteers and 3 employees.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $18K a year · 5% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$14K
to officers and key staff · 3% of spending
Top officer’s pay lower than 90% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$198K
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$412K
+2% vs prior year
Spent
$402K
To programs
68%
Net assets
$87K
By yearFY2020–FY2024
Revenue
$412K
FY2024▲ +2%
Revenue by fiscal year
FY2020$115K
FY2021$187K
FY2022$242K
FY2023$403K
FY2024$412K
Expenses
$402K
FY2024▲ +12%
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$239K
FY2023$360K
FY2024$402K
Net assets
$87K
FY2024▲ +9%
Net assets by fiscal year
FY2020$62K
FY2021$112K
FY2022$107K
FY2023$79K
FY2024$87K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $275K Management & general 32% · $127K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990; $14K paid to officers and key staff.

Part VII, Section A · reportable compensation
Community Cultural Leader Account
$13,550Pt VII · Sec A
Finance Officer/Artist
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Business Development Specialist and
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Alton Aimable’s $14K as Community Cultural Leader Account is at the 10th percentile of top reported officer pay among 2216 $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

NameFY2024FY2023FY2022
Alton Aimable$13,550$2,000—
Alton Aimable——$5,000

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Tropicalfete INC is an arts and culture nonprofit based in Manhattan, NY.

Provided by the organization

This section is blank until Tropicalfete INC claims this page.

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3 program services account for $282K of program spending, described in the organization's own filed words · FY2024.
01

Youth cultural programming (dance music arts) refers to organized activities and initiatives designed to engage young people in creative expression while celebrating culture identity and community.

$154Kprogram expense
02

Senior cultural programming refers to organized activities and experiences designed specifically for older adults that support social connection lifelong learning creativity and well-being through arts heritage and community engagement.

$78Kprogram expense
03

Historical cultural presentation programs is an educational event or activity designed to showcase the history traditions values and cultural heritage of a particular country community or time period. The program typically combines informative content with creative elements to make learning engaging and memorable.

$50Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$412K
Ln 12
Gifts and grantsLn 1h$346K
Fees for servicesLn 2g$65K
Other incomeLn 4–11$774
Money outPt IX
$402K
Ln 25
Programscol B$275K
Managementcol C$127K
Owns and owesPt X
$87K
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$284K
LiabilitiesLn 26$198K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$346K
Government grantsLn 1e$286K
Fees for servicesLn 2g$65K
Other incomeLn 4–11$774
Total revenueLn 12$412K
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
Land, buildings, equipmentLn 10c$55K
Other assetsLn 15$189K
Total assetsLn 16$284K
LiabilitiesLn 26$198K
Net assetsLn 32$87K
OperationsPt I, VI
EmployeesI 53
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$31K$9K
Land, buildings, equipmentLn 10c$77K$55K
Total assetsLn 16$355K$284K
LiabilitiesLn 26$276K$198K
Net assetsLn 32$79K$87K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$14K$14K
Other salaries and wagesLn 7$10K$10K
Payroll taxesLn 10$6K$6K
Legal feesLn 11b$300$300
Other fees for servicesLn 11g$137K$109K$28K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$86K$83K$3K
OccupancyLn 16$68K$37K$31K
TravelLn 17$13K$13K
InterestLn 20$753$753
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$6K$310$6K
All other expensesLn 24e$29K$11K$18K
Total functional expensesLn 25$402K$275K$127K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $412K$402K$9K$87K 990 PDF
FY2023 $403K$360K$43K$79K 990 PDF
FY2022 $242K$239K$4K$107K 990 PDF
FY2021 $187K$112K 990 PDF
FY2020 $115K$62K 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
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $411,589 across 5 lines filed
VIII-1e Government grants$285,885
VIII-1h Total contributions, gifts and grants$345,899
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $64,916$64,916
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $774$774
VIII-12 Total revenueRelated to mission $65,790 · Unrelated business $0 · Excluded from tax $0$411,589
Part IX · Statement of functional expenses $402,391 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $13,550$13,550
IX-7 Other salaries and wagesManagement $9,549$9,549
IX-10 Payroll taxesManagement $5,577$5,577
IX-11b Legal feesManagement $300$300
IX-11g Other fees for servicesPrograms $109,003 · Management $28,083$137,086
IX-12 Advertising and promotionManagement $1,265$1,265
IX-13 Office expensesPrograms $82,731 · Management $3,073$85,804
IX-16 OccupancyPrograms $36,825 · Management $31,482$68,307
IX-17 TravelPrograms $13,263$13,263
IX-20 InterestManagement $753$753
IX-22 Depreciation, depletion and amortizationPrograms $22,514$22,514
IX-23 InsuranceManagement $9,379$9,379
IX-24 Other expenses (24a–d)Programs $310 · Management $6,029$6,339
IX-24e All other expensesPrograms $10,510 · Management $18,195$28,705
IX-25 Total functional expensesPrograms $275,156 · Management $127,235 · Fundraising $0$402,391
Part X · Balance sheet $284,408 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $31,292$9,207
X-4 Accounts receivableStart of year $4,550$31,118
X-10c Land, buildings and equipment, netStart of year $77,388$54,875
X-15 Other assetsStart of year $241,817$189,208
X-16 Total assetsStart of year $355,047$284,408
X-25 Other liabilitiesStart of year $247,103$197,836
X-26 Total liabilitiesStart of year $275,883$197,836
X-27 Net assets without donor restrictionsStart of year $79,164$86,572
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $79,164$86,572
X-33 Total liabilities and net assetsStart of year $355,047$284,408
Part XI · Reconciliation of net assets $86,572 net assets at year end
XI-1 Total revenue$411,589
XI-2 Total expenses$402,391
XI-3 Revenue less expenses$9,198
XI-4 Net assets at start of year$79,164
XI-8 Prior period adjustments−$1,790
XI-10 Net assets at end of year$86,572

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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