Exodus Ensemble EIN 87-2389255

Exodus Ensemble

EIN  87-2389255 Public charity (501(c)(3)) Santa Fe, NM Founded 2021
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Size
$100K–1M
What they do
Creates and performs immersive, world-class theatrical experiences for Santa Fe and beyond.
Leadership
April Cleveland · Executive Di · $64K
Money in and out
$765K revenue, $515K expenses
Bottom line
87% program efficiency

Creates and performs immersive, world-class theatrical experiences for Santa Fe and beyond. For fiscal year 2025 it reported $765K in revenue, $515K in expenses, and $777K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$765K
Pt VIII · Ln 12
Total expenses
$515K
Pt IX · Ln 25
Net assets
$777K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $250K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.10 Fundraising $0.03
Program efficiency
87%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
18.1mo
months of highly liquid reserves at operating expense rate▲ +38% vs prior filing year
Surplus margin
+33%
revenue over expenses, this year▲ +54% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$765K
FY2025▲ +25%
Expenses
$515K
FY2025▲ +7%
Total assets
$784K
FY2025▲ +48%
Total liabilities
$7K
FY2025▲ +276%
Total revenue
$765K
Pt VIII · Ln 12
Total expenses
$515K
Pt IX · Ln 25
Net assets
$777K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$250K
Total assetsPt X · Ln 16$784K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $449K of program spending, described in the organization's own filed words · FY2025.
01

The exodus ensemble's program services accomplishment narrative - 2025 overview: the exodus ensemble is a daring, immersive theatre company based in santa fe, new mexico. Now in its fifth year, exodus continues to redefine the cultural landscape of the american southwest by creating boundary-pushing performances grounded in classical…

$449Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CExodus Ensemble
EINHdr · item D87-2389255
Principal addressHdr · item CSanta Fe, NM
WebsiteHdr · item Jwww.exodusensemble.com
Year of formationHdr · item L2021
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFAug 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
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
Executive Di
$64,312Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

April Cleveland’s $64K as Executive Di is at the 59th 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

NameFY2025FY2024FY2023FY2022
April Cleveland$64,312$47,820$38,595$6,050

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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Statement of Revenue

Part VIII
Contributions & grants$704K · 92%
Program service revenue$38K · 5%
Investment income$23K · 3%
Contributions & grants92%$704K
Program service revenue5%$38K
Investment income3%$23K
— government grantsLn 1e$15K
Total revenueLn 12$765K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.10 Fundraising $0.03
Program services87%$449K
Management & general10%$51K
Fundraising3%$15K
Total functional expensesLn 25$515K

Balance Sheet

Part X · end of year
CashLn 1$778K
Total assetsLn 16$784K
Total liabilitiesLn 26$7K
Total net assetsLn 32$777K
Months of cash on handcomputed18.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $778K · Operating expenses/yr $515K
18.1 months
Where the money goes
Program services
Program services $449K · Total expenses $515K
87%
Management & General
Management & general $51K · Total expenses $515K
10%
Fundraising
Fundraising $15K · Total expenses $515K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $12K · Solicited contributions (3-yr avg) $553K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $704K · Total revenue $765K
92%
Government reliance
Government grants $15K · Total revenue $765K
2%
Earned-income share
Program service revenue $38K · Total revenue $765K
5%
Investment reliance
Investment income $23K · Total revenue $765K
+3%
Program self-sufficiency
Program service revenue $38K · Total expenses $515K
7%
Growth & trend
Revenue growth (YoY)
This year $765K · Prior year $612K
+25%
Revenue CAGR
FY2021 $53K · FY2025 $765K
+95%
Net-asset trend (YoY)
End of year $777K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $765K · Expenses $515K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $784K
Net-asset ratio
Net assets $777K · Total assets $784K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $784K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual April Cleveland · Reported title EXECUTIVE DI · Highest reported compensation $64K · Total expenses $515K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $64K · Total expenses $515K
12%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 10%
Fundraising cost ratio 2%
Revenue growth 25%

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
See all 7 funders →

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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
FY2025 (Latest)$765K revenue · viewing · ⤓ 990 PDF
FY2024$612K revenue · ⤓ 990 PDF
FY2023$456K revenue · ⤓ 990 PDF
FY2022$478K revenue · ⤓ 990 PDF
FY2021$53K revenue · ⤓ 990 PDF

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Sources

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