Weehawken Creative Arts EIN 75-3145854 Form 990 (PDF) Claim this org

Weehawken Creative Arts

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Offers arts education, personal growth, and cultural events, leading community arts initiatives. For fiscal year 2024 it reported $785K in revenue, $691K in expenses, and $804K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Ridgway, CO
Website
weehawkenarts.org
Filings
5 on file (2020–2024)
Revenue
$785KFY2024
Expenses
$691K
Net assets
$804K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  75-3145854 Public charity (501(c)(3)) Ridgway, CO
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers arts education, personal growth, and cultural events, leading community arts initiatives.
Leadership
Ashley King-Grambley · Executive Director · $98K
Money in and out
$785K revenue, $691K expenses
Bottom line
70% program efficiency
Where the money goes · FY2024
Total revenue
$785K
Pt VIII · Ln 12
Total expenses
$691K
Pt IX · Ln 25
Net assets
$804K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $94K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.28 Fundraising $0.01
Program efficiency
70%
of spending reaches programs-0.2% vs prior filing year
Operating runway
11.3mo
months of highly liquid reserves at operating expense rate▼ -10% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▼ -32% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$785K
FY2024▲ +15%
Expenses
$691K
FY2024▲ +23%
Total assets
$989K
FY2024▲ +10%
Total liabilities
$185K
FY2024▼ -3%
Total revenue
$785K
Pt VIII · Ln 12
Total expenses
$691K
Pt IX · Ln 25
Net assets
$804K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$94K
Total assetsPt X · Ln 16$989K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWeehawken Creative Arts
EINHdr · item D75-3145854
Principal addressHdr · item CRidgway, CO
WebsiteHdr · item Jweehawkenarts.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFMay 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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
$97,800Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A

Ashley King-Grambley’s $98K as Executive Director is at the 87th percentile of top reported officer pay among 2213 $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

NameFY2024FY2023FY2022FY2021
Ashley King-Grambley$97,800$133,883
Ashley King$109,000$102,500

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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Mission & Programs · Part III

Where the work happens

1 program service account for $486K of program spending, described in the organization's own filed words · FY2024.
01

Weehawken creative arts is in the business of changing lives, nurturing dreams, and helping kids and adults in ouray county and neighoring communities discover their creative potential through the arts. Weehawken creative arts offers a varity of programming that supports a multitude of creative interests.

$486Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$559K · 71%
Contributions & grants$141K · 18%
Other revenue$78K · 10%
Investment income$7K · 1%
Program service revenue71%$559K
Contributions & grants18%$141K
Other revenue10%$78K
Investment income1%$7K
— government grantsLn 1e$6K
Total revenueLn 12$785K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.28 Fundraising $0.01
Program services70%$486K
Management & general28%$195K
Fundraising1%$10K
Total functional expensesLn 25$691K

Balance Sheet

Part X · end of year
CashLn 1$652K
Total assetsLn 16$989K
Total liabilitiesLn 26$185K
Total net assetsLn 32$804K
Months of cash on handcomputed11.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $652K · Operating expenses/yr $691K
11.3 months
Where the money goes
Program services
Program services $486K · Total expenses $691K
70%
Management & General
Management & general $195K · Total expenses $691K
28%
Fundraising
Fundraising $10K · Total expenses $691K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $6K · Solicited contributions (3-yr avg) $128K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $141K · Total revenue $785K
18%
Government reliance
Government grants $6K · Total revenue $785K
0.8%
Earned-income share
Program service revenue $559K · Total revenue $785K
71%
Investment reliance
Investment income $7K · Total revenue $785K
+0.9%
Program self-sufficiency
Program service revenue $559K · Total expenses $691K
81%
Growth & trend
Revenue growth (YoY)
This year $785K · Prior year $681K
+15%
Revenue CAGR
FY2020 $351K · FY2024 $785K
+22%
Net-asset trend (YoY)
End of year $804K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $785K · Expenses $691K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $989K
Net-asset ratio
Net assets $804K · Total assets $989K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $989K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ashley King-Grambley · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $98K · Total expenses $691K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $382K · Total expenses $691K
55%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 28%
Fundraising cost ratio 7%
Revenue growth 15%
Legal fee ratio 0.5%
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
See all 4 funders →
Grants paid · 3 grants · $19K · 2024–2024
Ouray SchoolFY2024$6,500
Ridgway School DistrictFY2024$6,500
Unitemized GrantFY2024$5,600

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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)$785K revenue · viewing · ⤓ 990 PDF
FY2023$681K revenue · ⤓ 990 PDF
FY2022$572K revenue · ⤓ 990 PDF
FY2021$500K revenue · ⤓ 990 PDF
FY2020$351K 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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