Dominican Day Parade FY2022 filing

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EIN 47-3537708 Public charity (501(c)(3)) New York, NY NTEE A23
Form 990 (PDF)

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Revenue & expenses by yearFY2019–FY2024
Revenue
$453K
FY2022▲ +135%
Expenses
$524K
FY2022▲ +86%

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Provides resources and support to help people achieve their goals. For fiscal year 2022 it reported $453K in revenue, $524K in expenses, and $173K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
New York, NY
Website
dominicanparade.org
Filings
6 on file (2019–2022)
Revenue
$453KFY2022
Expenses
$524K
Net assets
$173K
People
14
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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
Money in and out
$453K revenue, $524K expenses
Bottom line
88% 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

88% to programs

88% 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 · ↑ +135% vs prior year

Revenue band $100K–1M, +135% versus the prior filing year (up). See detail →

Where the money goes · FY2022
Total revenue
$453K
Pt VIII · Ln 12
Total expenses
$524K
Pt IX · Ln 25
Net assets
$173K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$71K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.05 Fundraising $0.07
Program efficiency
88%
of spending reaches programs
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-16%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$173K
FY2022▼ -28%
Total liabilities
$0
FY2022
Revenue less expensesPt I · Ln 19−$71K
Total assetsPt X · Ln 16$173K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

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 1a14
Independent voting membersPt VI · Ln 1b14
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
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
2nd Vicepresident
$0Pt VII · Sec A
1st Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Dominican Day Parade executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $463K of program spending, described in the organization's own filed words · FY2022.
01

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.

$463Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$453K
Total revenueLn 12$453K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.05 Fundraising $0.07
Program services88%$463K
Management & general5%$24K
Fundraising7%$38K
Total functional expensesLn 25$524K

Balance Sheet

Part X · end of year
CashLn 1$166K
Total assetsLn 16$173K
Total liabilitiesLn 26$0
Total net assetsLn 32$173K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $166K · Operating expenses/yr $524K
3.8 months
Where the money goes
Program services
Program services $463K · Total expenses $524K
88%
Management & General
Management & general $24K · Total expenses $524K
5%
Fundraising
Fundraising $38K · Total expenses $524K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $37K
$0.34 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $453K
0%
Government reliance
Government grants — · Total revenue $453K
—
Earned-income share
Program service revenue $453K · Total revenue $453K
100%
Investment reliance
Investment income $0 · Total revenue $453K
0%
Program self-sufficiency
Program service revenue $453K · Total expenses $524K
86%
Growth & trend
Revenue growth (YoY)
This year $453K · Prior year $193K
+135%
Net-asset trend (YoY)
End of year $173K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $453K · Expenses $524K
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $173K
—
Net-asset ratio
Net assets $173K · Total assets $173K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $173K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cristina Contreras · Reported title CHAIR · Highest reported compensation $0 · Total expenses $524K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $524K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 5%——
Revenue growth 135%——
Accounting fee ratio 1%——

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
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 · viewing · ⤓ 990 PDF
FY2021$193K revenue · ⤓ 990 PDF
FY2020$121K revenue · ⤓ 990 PDF
FY2019$334K 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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