Dominican Day Parade FY2019 filing

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EIN 47-3537708 Public charity (501(c)(3)) New York, NY NTEE A23

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Revenue & expenses by yearFY2019–FY2024

Revenue

$334K

FY2019

Expenses

$346K

FY2019

Dominican Day Parade Form 990 (PDF) Claim this org

Form 990 (PDF) Claim this org

Form 990 for the fiscal year ending December 2019 (IRS tax year 2019).

Provides resources and support to help people achieve their goals. For fiscal year 2019 it reported $334K in revenue, $346K in expenses, and $340K in net assets.Pt I

Type: Public charity (501(c)(3)) · Arts & Culture
Location: New York, NY
Website: dominicanparade.org
Filings: 6 on file (2019–2019)

Revenue

$334KFY2019

Expenses

$346K

Net assets

$340K

People

You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2024) →

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Provided by the organization

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Size

$100K–1M

What they do

Provides resources and support to help people achieve their goals.

Leadership

Wilton Cedeno · Chair

Money in and out

$334K revenue, $346K expenses

Bottom line

82% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

2 funders, incl. 1199seiu United Healthcare Workers East

2 distinct foundation funder(s) on file, $27K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

82% to programs

82% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M

Revenue band $100K–1M. Not enough years on file for a trend. See detail →

Where the money goes · FY2019

Total revenue

$334K

Pt VIII · Ln 12

Total expenses

$346K

Pt IX · Ln 25

Net assets

$340K

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): −$12K

Where spending went · Part IX cols B–D

82%

15%

Program services $0.82 Management & general $0.03 Fundraising $0.15

Program efficiency

82%

of spending reaches programs

Operating runway

11.5mo

months of highly liquid reserves at operating expense rate

Surplus margin

-4%

revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2019 · Form 990

Total assets

$340K

FY2019

Total liabilities

FY2019

Revenue less expensesPt I · Ln 19−$12K

Total assetsPt X · Ln 16$340K

Program-expense ratioPt IX · col B82%

Voting members of governing bodyPt I · Ln 311

Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File

Legal name (IRS)Hdr · item CDominican Day Parade

EINHdr · item D47-3537708

Principal addressHdr · item CNew York, NY

WebsiteHdr · item Jdominicanparade.org

Year of formationHdr · item Lpending

State of legal domicileHdr · item MNY

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFArts & Culture (A23)

Ruling yearIRS BMFSep 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 13No

Document retention policyPt VI · Ln 14No

CEO/top-official compensation independently reviewedPt VI · Ln 15aNo

Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Wilton Cedeno

Chair

$0Pt VII · Sec A

Maria Khury

Past Chair

$0Pt VII · Sec A

Leonardo Dominguez

Vice President

$0Pt VII · Sec A

Diana Reyna

2nd Vice President

$0Pt VII · Sec A

Franklin Montero

Treasurer

$0Pt VII · Sec A

Maria Osorio

Secretary

$0Pt VII · Sec A

Estela Vazquez

Co-Chair Arts Comm.

$0Pt VII · Sec A

Maria Lizardo

Parade Logistic

$0Pt VII · Sec A

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Mission & Programs · Part III

Where the work happens

1 program service account for $284K of program spending, described in the organization's own filed words · FY2019.

The primary program is the annual dominican day parade, which is held on the 2ND sunday of august every year, along sixth avenue, avenue of the america in new york city showcasing dominican culture and accomplishments. The parade attracts hundreds of thousands of spectators and over 10,000 marchers and appoximately 50 floats.

$284Kprogram expense

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Statement of Revenue

Part VIII

Program service revenue$206K · 62%

Contributions & grants$128K · 38%

Program service revenue62%$206K

Contributions & grants38%$128K

Total revenueLn 12$334K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

82%

15%

Program services $0.82 Management & general $0.03 Fundraising $0.15

Program services82%$284K

Management & general3%$11K

Fundraising15%$51K

Total functional expensesLn 25$346K

Balance Sheet

Part X · end of year

CashLn 1$333K

Total assetsLn 16$340K

Total liabilitiesLn 26$0

Total net assetsLn 32$340K

Months of cash on handcomputed11.5

Financial Metrics

Form 990 · FY2019 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $333K · Operating expenses/yr $346K

11.5 months

Where the money goes

Program services

Program services $284K · Total expenses $346K

82%

Management & General

Management & general $11K · Total expenses $346K

Fundraising

Fundraising $51K · Total expenses $346K

15%

Cost to raise $1

Fundraising expense $51K · Solicited contributions $128K

$0.40 to raise $1

Where the money comes from

Contribution dependence

Contributions & grants $128K · Total revenue $334K

38%

Government reliance

Government grants — · Total revenue $334K

—

Earned-income share

Program service revenue $206K · Total revenue $334K

62%

Investment reliance

Investment income $0 · Total revenue $334K

Program self-sufficiency

Program service revenue $206K · Total expenses $346K

60%

Growth & trend

Revenue growth (YoY)

This year $334K · Prior year —

No prior year on file

Net-asset trend (YoY)

End of year $340K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $334K · Expenses $346K

-4%

Liabilities-to-Assets

Total liabilities — · Total assets $340K

—

Net-asset ratio

Net assets $340K · Total assets $340K

100%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $340K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Wilton Cedeno · Reported title CHAIR · Highest reported compensation $0 · Total expenses $346K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $346K

—

Peer comparison

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

Metric	This org	Peer median	Percentile
Program ratio	82%	—	—
Overhead ratio	3%	—	—
Fundraising cost ratio	40%	—	—
Accounting fee ratio	0.07%	—	—

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

1199seiu United Healthcare Workers EastFY2024$20K

The New York and Presbyterian HospitalFY2024$7K

Total grants receivedfrom 2 funders$27K

Grants paid · 4 grants · $298K · 2019–2024

Unitemized GrantFY2024$71,300

Unitemized GrantFY2023$129,400

Unitemized GrantFY2020$49,000

Unitemized GrantFY2019$48,337

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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)$704K revenue · ⤓ 990 PDF

FY2023$666K revenue · ⤓ 990 PDF

FY2022$453K revenue · ⤓ 990 PDF

FY2021$193K revenue · ⤓ 990 PDF

FY2020$121K revenue · ⤓ 990 PDF

FY2019$334K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2019IRS

Classification, formation year, addressIRS Business Master File

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