DAYLIGHT COMMUNITY ARTS FOUNDATION INC

EIN: 270091152 501(c)(3) Arts, Culture & Humanities

BRONX, NY

Total Revenue
$510,406
Total Expenses
$412,692
Total Assets
$823,341
Net Assets
$817,476
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NY
Principal Officer
MICHAEL ITKOFF
Phone
9177400460
Tax Period
2024-01-01 to 2024-12-31

DAYLIGHT COMMUNITY ARTS FOUNDATION INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $510K in total revenue in fiscal year 2024. The organization ran a surplus of $98K, a strong 19% operating margin.

Mission

DAYLIGHT COMMUNITY ARTS FOUNDATION IS A NON-PROFIT PHOTOGRAPHIC ART PUBLISHER FOCUSING ON DIGITAL, PRINT, AND EDUCATIONAL PROGRAMS. DAYLIGHT BOOKS ARE UNIQUELY COLLECTIBLE AND HIGHLY EDUCATIONAL PUBLICATIONS WORKING TO REVITALIZE THE RELATIONSHIP BETWEEN ART, PHOTOGRAPHY, AND THE WORLD AT LARGE. DAYLIGHT'S DIGITAL FEATURES PROVIDE ACCESS AND EDUCATION RELATED TO THE WORLD'S LEADING PHOTOGRAPHIC ART WITHIN THE DIGITAL ENVIRONMENT. OUR FREELY ACCESSIBLE, WEB-BASED, LONG-FORM PUBLICATIONS SHOWCASE THE WORK OF ARTISTS AND DOCUMENTARIANS WHO EXPLORE STORIES OF SOCIAL, CULTURAL, POLITICAL, AND ENVIRONMENTAL RELEVANCE. IN ADDITION TO OUR PUBLISHING EFFORTS, DAYLIGHT FACILITATES LIKE-MINDED ARTISTS AND ORGANIZATIONS TO OBTAIN FUNDING BY PROVIDING ADMINISTRATIVE SUPPORT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,000
Program Service Revenue $429,482
Investment Income $30,924
Other Revenue $0
TOTAL REVENUE $510,406

Expense Breakdown

Grants Paid $0
Salaries & Benefits $101,010
Fundraising Expenses $0
Program Expenses $369,009
Other Expenses $311,682
TOTAL EXPENSES $412,692

Year-over-Year Comparison

2024 2023 Change
Revenue $510,406 $481,988 +0.1%
Expenses $412,692 $404,915 +0.0%
Net Income $97,714 $77,073 +0.3%
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
3
Independent Members
1
Employees
2
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
3
$84,300
Total Directors
3
$84,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL ITKOFF PRESIDENT 40.00
Officer Director
$84,300 $0 $84,300
CHLOE SELDMAN SECRETARY 3.00
Officer Director
$0 $0 $0
JAMES WEGENER TREASURER 3.00
Officer Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $510,406 $412,692 $823,341 $97,714
2023 $481,988 $404,915 $724,757 $77,073
2022 $483,241 $496,841 $646,508 $-13,600
2021 $941,617 $452,311 $659,566 $489,306
2020 $467,930 $470,437 $180,601 $-2,507
2019 $550,150 $642,438 $181,830 $-92,288
2018 $600,902 $476,835 $273,842 $124,067
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