GALLERY AFERRO

EIN: 263863419 501(c)(3)

NEWARK, NJ

Total Revenue
$564,065
Total Expenses
$636,771
Total Assets
$314,433
Net Assets
$301,833
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NJ
Principal Officer
EMMA WILCOX
Phone
9733539533
Tax Period
2021-01-01 to 2021-12-31

GALLERY AFERRO, founded in 2003, is a small nonprofit that reported $564K in total revenue in fiscal year 2021. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $637K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO BRING CULTURAL EDUCATION AND AESTHETIC ENGAGEMENT WITH CONTEMPORARY ISSUES TO ALL PEOPLE EQUALLY,

Program Service Accomplishments

Program 1
Expenses: $556,056 Revenue: $336,488

STUDIO RESIDENCY PROGRAMS FOR EMERGING AND MIDCAREER ARTISTS OF DIVERSE BACKGROUNDS AND MEDIA WORK WITH CAREER SUPPORTS AS PART OF THE GALLERY'S NETWORK. EXHIBITS, PUBLIC ART, AND EVENTS WHICH...

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STUDIO RESIDENCY PROGRAMS FOR EMERGING AND MIDCAREER ARTISTS OF DIVERSE BACKGROUNDS AND MEDIA WORK WITH CAREER SUPPORTS AS PART OF THE GALLERY'S NETWORK. EXHIBITS, PUBLIC ART, AND EVENTS WHICH INCLUDES NUMEROUS ON AND OFF-SITE EXHIBITS OF LOCAL, NATIONAL, AND INTERNATIONAL CONTEMPORARY ARTISTS, WITH CONNECTED EVENTS AND EDUCATIONAL OFFERINGS, SIGNATURE ARTS INTENSIVE FOR HIGH SCHOOL AGE YOUNG WOMEN, SCHOOL TOURS AND STUDIO ART ADMINISTRATION

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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 (2021)

Revenue Breakdown

Contributions & Grants $208,015
Program Service Revenue $336,488
Investment Income $0
Other Revenue $19,562
TOTAL REVENUE $564,065

Expense Breakdown

Grants Paid $0
Salaries & Benefits $233,778
Fundraising Expenses $17,534
Program Expenses $556,056
Other Expenses $402,993
TOTAL EXPENSES $636,771

Year-over-Year Comparison

2021 2020 Change
Revenue $564,065 $1,001,010 -0.4%
Expenses $636,771 $643,663 0.0%
Net Income $-72,706 $357,347 -1.2%
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

Financial Distress Indicator

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
6
Independent Members
4
Employees
6
Volunteers
40

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
5
$60,063
Total Directors
6
$60,063
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JORGE SANTOS PRESIDENT 10.00
Officer Director
$0 $0 $0
ALICIA LUCAS SECRETARY 10.00
Officer Director
$0 $0 $0
EMILY MANZ TREASURER 10.00
Officer Director
$0 $0 $0
GWEN CHARLES TRUSTEE 10.00
Director
$0 $0 $0
EVONNE DAVIS DIRECTOR 40.00
Officer Director
$33,163 $0 $33,163
EMMA WILCOX EXECUTIVE DIRECTOR 40.00
Officer Director
$26,900 $0 $26,900
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
2021 $564,065 $636,771 $314,433 $-72,706
2020 $999,575 $642,228 $383,139 $357,347
2019 $291,846 $299,722 $20,291 $-7,876
2018 $206,024 $240,977 $41,217 $-34,953
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