Sciart Exchange EIN 47-3000608

Sciart Exchange FY2024 filing

EIN  47-3000608 Public charity (501(c)(3)) Houston, TX Founded 2015
Form 990 (PDF)
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Size
<$100K
What they do
an arts and culture nonprofit
Leadership
Jancy McPhee · Executive Director · $42K
Money in and out
$46K revenue, $159K expenses
Bottom line
82% program efficiency

Sciart Exchange is an arts and culture nonprofit based in Houston, TX, formed in 2015. For fiscal year 2024 it reported $46K in revenue, $159K in expenses, and $899K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$46K
Pt VIII · Ln 12
Total expenses
$159K
Pt IX · Ln 25
Net assets
$899K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$113K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.10 Fundraising $0.08
Program efficiency
82%
of spending reaches programs
Operating runway
67.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-242%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$46K
FY2024▼ -71%
Expenses
$159K
FY2024▲ +2%
Total assets
$899K
FY2024▼ -11%
Total liabilities
$0
FY2024
Total revenue
$46K
Pt VIII · Ln 12
Total expenses
$159K
Pt IX · Ln 25
Net assets
$899K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$113K
Total assetsPt X · Ln 16$899K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $130K of program spending, described in the organization's own filed words · FY2024.
01

Installations

SciArt Exchange presented an in-person, interactive art installation called Sensing Deep Space: Pandoras Cluster. The experience took visitors through new discoveries in the Pandoras Cluster region of space with both spatial soundscape and visual 3D projection-mapped art translated from and preserving the information from James Webb and…

$61Kprogram expense
02

Community Development

Online Resources, Youth Contests, Events, & Networking: SciArt Exchange continued to offer lectures, webinars, videocasts & podcasts, and activities as online resources about the value of Science-Technology-Engineering-Art-Math (STEAM) Education & Practice to help train participants in space exploration, science communication, creativity…

$41Kprogram expense
03

SciArt Exchange initiated the Design Your Habitat 2.0 Campaign (DYH 2.0), part of our Xpand Your Horizons Challenges. DYH 2.0 invites artists of all ages to learn about the challenges of living and working in space, and to imagine, create and submit artwork envisioning future space communities.

$28Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSciart Exchange
EINHdr · item D47-3000608
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.sciartexchange.org
Year of formationHdr · item L2015
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A40)
Ruling yearIRS BMFJun 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
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
$42,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jancy McPhee’s $42K as Executive Director is at the 92nd percentile of top reported officer pay among 250 <$100K 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jancy McPhee$42,000$42,000$42,000$38,500$24,500
Jancy C McPhee$42,000

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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Statement of Revenue

Part VIII
Investment income$45K · 97%
Contributions & grants$1K · 3%
Investment income97%$45K
Contributions & grants3%$1K
Total revenueLn 12$46K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.10 Fundraising $0.08
Program services82%$130K
Management & general10%$16K
Fundraising8%$13K
Total functional expensesLn 25$159K

Balance Sheet

Part X · end of year
CashLn 1$899K
Total assetsLn 16$899K
Total liabilitiesLn 26$0
Total net assetsLn 32$899K
Months of cash on handcomputed67.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $899K · Operating expenses/yr $159K
67.9 months
Where the money goes
Program services
Program services $130K · Total expenses $159K
82%
Management & General
Management & general $16K · Total expenses $159K
10%
Fundraising
Fundraising $13K · Total expenses $159K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $35K
$0.26 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1K · Total revenue $46K
3%
Government reliance
Government grants — · Total revenue $46K
Earned-income share
Program service revenue $0 · Total revenue $46K
0%
Investment reliance
Investment income $45K · Total revenue $46K
+97%
Program self-sufficiency
Program service revenue $0 · Total expenses $159K
0%
Growth & trend
Revenue growth (YoY)
This year $46K · Prior year $157K
-71%
Net-asset trend (YoY)
End of year $899K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $46K · Expenses $159K
-242%
Liabilities-to-Assets
Total liabilities — · Total assets $899K
Net-asset ratio
Net assets $899K · Total assets $899K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $899K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jancy McPhee · Reported title Executive Director · Highest reported compensation $42K · Total expenses $159K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $101K · Total expenses $159K
64%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 10%
Fundraising cost ratio ×10
Revenue growth -71%
Accounting 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 · FY2023
Total grants receivedfrom 1 funder$18

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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
FY2025 (Latest)$53K revenue · ⤓ 990 PDF
FY2024$46K revenue · viewing · ⤓ 990 PDF
FY2023$157K revenue · ⤓ 990 PDF
FY2022$71K revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$20K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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