Cayo EIN 81-3196433

Cayo

EIN  81-3196433 Public charity (501(c)(3)) Minneapolis, MN
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Cayo claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Connects US and Cuban student musicians through workshops and cultural exchanges.
Leadership
Rena Kraut · Executive Dir. · $42K
Money in and out
$238K revenue, $212K expenses
Bottom line
65% program efficiency

Connects US and Cuban student musicians through workshops and cultural exchanges. For fiscal year 2025 it reported $238K in revenue, $212K in expenses, and $58K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$238K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$58K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $25K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.30 Fundraising $0.05
Program efficiency
65%
of spending reaches programs
Operating runway
4.3mo
months of highly liquid reserves at operating expense rate▲ +59% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▲ +204% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$238K
FY2025▲ +38%
Total revenue
$238K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$58K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$25K
Total assetsPt X · Ln 16$76K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $138K of program spending, described in the organization's own filed words · FY2025.
01

Travel to cuba to visit schools and meetings with approximately 75 students and musicians 4 independent Twin cities based musicians recorded music in cuba. 6 teaching artists traveled to Cuba and taught 200 students 13 US and Cuba students assembled in MN for performances with over 200 participants

$138Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCayo
EINHdr · item D81-3196433
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A69)
Ruling yearIRS BMFDec 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
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
Executive Dir.
$42,182Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Rena Kraut’s $42K as Executive Dir. is at the 37th 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Rena Kraut$42,182$41,516$41,536$39,072$21,280$14,415

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.

See Cayo executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$127K · 54%
Program service revenue$110K · 46%
Contributions & grants54%$127K
Program service revenue46%$110K
Investment income$6
Total revenueLn 12$238K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.30 Fundraising $0.05
Program services65%$138K
Management & general30%$64K
Fundraising5%$11K
Total functional expensesLn 25$212K

Balance Sheet

Part X · end of year
CashLn 1$76K
Total assetsLn 16$76K
Total liabilitiesLn 26$19K
Total net assetsLn 32$58K
Months of cash on handcomputed4.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $76K · Operating expenses/yr $212K
4.3 months
Where the money goes
Program services
Program services $138K · Total expenses $212K
65%
Management & General
Management & general $64K · Total expenses $212K
30%
Fundraising
Fundraising $11K · Total expenses $212K
5%
Cost to raise $1
Fundraising expense $11K · Solicited contributions $127K
$0.08 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $127K · Total revenue $238K
54%
Government reliance
Government grants — · Total revenue $238K
Earned-income share
Program service revenue $110K · Total revenue $238K
46%
Investment reliance
Investment income $6 · Total revenue $238K
0%
Program self-sufficiency
Program service revenue $110K · Total expenses $212K
52%
Growth & trend
Revenue growth (YoY)
This year $238K · Prior year $172K
+38%
Revenue CAGR
FY2020 $34K · FY2025 $238K
+47%
Net-asset trend (YoY)
End of year $58K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $238K · Expenses $212K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $76K
Net-asset ratio
Net assets $58K · Total assets $76K
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $76K
0%
People & payroll
Highest Reported Total Compensation
Individual Rena Kraut · Reported title Executive Dir. · Highest reported compensation $42K · Total expenses $212K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $50K · Total expenses $212K
23%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 30%
Fundraising cost ratio 8%
Revenue growth 38%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 2%

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 3 funders$31K
See all 3 funders →

Similar Organizations

Closest in mission — by what they do
See all organizations like Cayo →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$238K revenue · viewing · ⤓ 990 PDF
FY2024$172K revenue · ⤓ 990 PDF
FY2023$140K revenue · ⤓ 990 PDF
FY2022$114K revenue · ⤓ 990 PDF
FY2021$84K revenue · ⤓ 990 PDF
FY2020$34K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.