Long Island School Of The Arts Foundation Inc
- Assets
- $10.9k
- Revenue
- $14.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Shirley, NY
- Founding
- 12/2005
- Data as of
- 05/2017
- EIN
- 01-0756367
Organization Overview
Long Island School Of The Arts Foundation Inc is located in Shirley, NY. The organization was established in 2005. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2017, Long Island School Of The Arts Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Island School Of The Arts Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2017, Long Island School Of The Arts Foundation Inc generated $14.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (36.6%) each year. All expenses for the organization totaled $5.4k during the year ending 05/2017. As we would expect to see with falling revenues, expenses have declined by (58.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE CHILDREN AND ADULTS, OF ALL LEVELS AND ABILITY, TO DEVELOP THEIR GIFTS THROUGH INDIVIDUAL AND GROUP EDUCATIONAL PROGRAMS IN THE PERFORMING ARTS (MUSIC, DANCE, AND ACTING), REGARDLESS OF THEIR ABILITY TO CONTRIBUTE FINANCIALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIVIDUAL AND GROUP EDUCATION IN THE PERFORMING ARTS (MUSIC, DANCE, AND ACTING).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandro Pagano Treasurer | OfficerTrustee | $1,000 | |
Sandra Pagano Vice Chairma | Trustee | $500 | |
Jason Dobranski Chairman | OfficerTrustee | $0 | |
Nyree Grein Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $416 |
| Advertising and promotion | $0 |
| Office expenses | $111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72 |
| Insurance | $225 |
| All other expenses | $0 |
| Total functional expenses | $5,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,213 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,200 |
| Total assets | $10,904 |
| Accounts payable and accrued expenses | $1,423 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,092 |
| Total liabilities | $9,515 |
| Net assets without donor restrictions | $1,389 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,389 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |
The Mattress Factory Pittsburgh, PA | $6,739,687 | $2,768,754 |
Rosies Theater Kids Inc New York, NY | $7,813,636 | $2,330,340 |
Patchogue Village Center For The Performing Arts Inc Patchogue, NY | $1,959,065 | $2,916,141 |
Young Audiences Inc New York, NY | $8,115,904 | $1,935,453 |
Roulette Intermedium Inc Brooklyn, NY | $2,527,656 | $2,724,059 |