THE ASSOCIATION FOR CULTURAL EQUITY INC

EIN: 133168746 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$542,579
Total Expenses
$440,533
Total Assets
$162,517
Net Assets
$150,762
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NY
Principal Officer
Francesca Smith-Archiapatti
Phone
2122684623
Tax Period
2023-01-01 to 2023-12-31

THE ASSOCIATION FOR CULTURAL EQUITY INC, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $543K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $102K, a strong 19% operating margin.

Mission

To support, preserve, study & disseminate folk culture from around the world

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $463,618
Program Service Revenue $75,638
Investment Income $134
Other Revenue $3,189
TOTAL REVENUE $542,579

Expense Breakdown

Grants Paid $0
Salaries & Benefits $152,873
Fundraising Expenses $0
Program Expenses $364,905
Other Expenses $287,660
TOTAL EXPENSES $440,533

Year-over-Year Comparison

2023 2022 Change
Revenue $542,579 $303,009 +0.8%
Expenses $440,533 $240,735 +0.8%
Net Income $102,046 $62,274 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
15
Employees
3
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$108,647
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anna Lomax Wood President 10.00
Director
$0 $0 $0
Barry Dornfield Board Chairman 1.00
Director
$0 $0 $0
Robert Baron Treasurer 1.00
Director
$0 $0 $0
Naomi Hawes Bishop Secretary 1.00
Director
$0 $0 $0
Barbara Hampton Board Member 1.00
Director
$0 $0 $0
Forrestine Paulay Board Member 1.00
Director
$0 $0 $0
Odysseus Chairetakis Board Member 1.00
Director
$0 $0 $0
Gideon D'Arcangelo Board Member 1.00
Director
$0 $0 $0
Noah Bishop Board Member 1.00
Director
$0 $0 $0
Katherine Chairetakis Board Member 1.00
Director
$0 $0 $0
Patricia Campbell Board Member 1.00
Director
$0 $0 $0
David Katznelson Board Member 1.00
Director
$0 $0 $0
Daniel Sheehy Board Member 1.00
Director
$0 $0 $0
Mike Minky Board Member 1.00
Director
$0 $0 $0
Don Fleming Board Member 1.00
Director
$0 $0 $0
Sarah Bryan Executive Director 35.00
Officer
$46,667 $0 $46,667
Francesca Smith-Archiapatti Interim Executive Director 35.00
Officer
$61,980 $0 $61,980
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $542,579 $440,533 $162,517 $102,046
2022 $303,009 $240,735 $73,722 $62,274
2021 $212,812 $260,521 $52,381 $-47,709
2020 $411,622 $380,574 $57,872 $31,048
2019 $386,149 $406,972 $29,916 $-20,823
2018 $387,159 $389,939 $32,080 $-2,780
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