Cmcarts INC EIN 66-0529152

Cmcarts INC

EIN  66-0529152 Public charity (501(c)(3)) Frederiksted, VI
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Size
$100K–1M
What they do
Preserves, promotes, and exhibits Caribbean arts and culture.
Leadership
Susan Atkins · Vice Preside
Money in and out
$448K revenue, $531K expenses
Bottom line
77% program efficiency

Preserves, promotes, and exhibits Caribbean arts and culture. For fiscal year 2024 it reported $448K in revenue, $531K in expenses, and $139K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$448K
Pt VIII · Ln 12
Total expenses
$531K
Pt IX · Ln 25
Net assets
$139K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$84K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Program efficiency
77%
of spending reaches programs▼ -20% vs prior filing year
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
-19%
revenue over expenses, this year▼ -792% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$448K
FY2024▼ -20%
Expenses
$531K
FY2024▼ -7%
Total assets
$280K
FY2024▼ -17%
Total liabilities
$140K
FY2024▲ +26%
Total revenue
$448K
Pt VIII · Ln 12
Total expenses
$531K
Pt IX · Ln 25
Net assets
$139K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$84K
Total assetsPt X · Ln 16$280K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $193K of program spending, described in the organization's own filed words · FY2024.
01

Arts for All

Cmcarts is the only art museum in the usvi and was originally established to support youth by offering alternative forms of positive expression through art and culture. For 30 years, cmcarts has been a unifying force, bridging a wide range of multicultural backgrounds and bringing people of all ages together through the spirit of…

$193Kprogram expense
02

Exhibitions

Cmcarts' primary programming is education in the arts presented in beautiful rotating exhibitions that showcase artwork and immersive art installations created by artists, curators and creatives from the vi, the caribbean and the diaspora. Through exhibitions, cmcarts promotes and preserves the voice of the usvi.

Pt IX · col B
03

Lifelong Learning

Cmcarts is the creative bridge in our community for students who do not have art or limited art access. A core program is the visiting artist-in-residence program that annually invites up to 7 artists through an application process, who provide impactful community engagement and art programming.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCmcarts INC
EINHdr · item D66-0529152
Principal addressHdr · item CFrederiksted, VI
WebsiteHdr · item Jwww.cmcarts.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A50)
Ruling yearIRS BMFJul 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
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
Vice Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$312K · 70%
Program service revenue$131K · 29%
Other revenue$4K · 1%
Contributions & grants70%$312K
Program service revenue29%$131K
Other revenue1%$4K
Investment income$495
— government grantsLn 1e$10K
Total revenueLn 12$448K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$408K
Management & general23%$123K
Total functional expensesLn 25$531K

Balance Sheet

Part X · end of year
CashLn 1$185K
Total assetsLn 16$280K
Total liabilitiesLn 26$140K
Total net assetsLn 32$139K
Months of cash on handcomputed4.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $185K · Operating expenses/yr $531K
4.2 months
Where the money goes
Program services
Program services $408K · Total expenses $531K
77%
Management & General
Management & general $123K · Total expenses $531K
23%
Fundraising
Fundraising $0 · Total expenses $531K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $354K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $312K · Total revenue $448K
70%
Government reliance
Government grants $10K · Total revenue $448K
2%
Earned-income share
Program service revenue $131K · Total revenue $448K
29%
Investment reliance
Investment income $495 · Total revenue $448K
0%
Program self-sufficiency
Program service revenue $131K · Total expenses $531K
25%
Growth & trend
Revenue growth (YoY)
This year $448K · Prior year $559K
-20%
Revenue CAGR
FY2020 $274K · FY2024 $448K
+13%
Net-asset trend (YoY)
End of year $139K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $448K · Expenses $531K
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $280K
Net-asset ratio
Net assets $139K · Total assets $280K
50%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $280K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susan Atkins · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $531K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $216K · Total expenses $531K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 23%
Fundraising cost ratio 0%
Revenue growth -20%
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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$16K

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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)$448K revenue · viewing · ⤓ 990 PDF
FY2023$559K revenue · ⤓ 990 PDF
FY2022$567K revenue · ⤓ 990 PDF
FY2021$465K revenue · ⤓ 990 PDF
FY2020$274K 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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