Silk Road Project Inc
- Assets
- $4.5m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/1999
- Data as of
- 06/2021
- EIN
- 04-3444069
Organization Overview
Silk Road Project Inc, operating under the name Silkroad, is located in Boston, MA. The organization was established in 1999. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silkroad 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 06/2021, Silkroad generated $5.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SILKROAD CREATES MUSIC THAT ENGAGES DIFFERENCE, SPARKING RADICAL CULTURAL COLLABORATION AND PASSION-DRIVEN LEARNING TO BUILD A MORE HOPEFUL WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME WITHIN - HOME WITHIN IS AN EMOTIONAL ACCOUNTING OF HOME IN A TIME OF CONFLICT. AN AUDIO-VISUAL PERFORMANCE CONCEIVED BY SYRIAN COMPOSER AND CLARINETIST KINAN AZMEH AND SYRIAN ARMENIAN VISUAL ARTIST KEVORK MOURAD, THE RESULT IS AN IMPRESSIONISTIC REFLECTION ON THE UNITY OF LOSS, LONGING, AND THE IMPACT OF TRAGEDY ON OUR SENSE OF 'HOME.' RATHER THAN FOLLOW A NARRATIVE, THE ARTISTS DOCUMENT 'HOME' WITHIN SPECIFIC MOMENTS IN SYRIA'S RECENT HISTORY, USING THE COUNTERPOINT BETWEEN IMAGE AND SOUND TO ESTABLISH A SENSE OF SUSTAINED URGENCY AND CONTINUED HOPE FOR BOTH THEIR HOMELAND AND COMMUNITIES AROUND THE WORLD. HOME WITHIN WAS ORIGINALLY CREATED AS A DUO COLLABORATION IN 2013; NOW, THE WORK IS TAKING ON NEW LIFE AS A LARGE-SCALE COLLABORATION WITH SILKROAD.
UNIVERSITY RESIDENCIES - SILKROAD RESIDENCIES ARE LONG-TERM EDUCATIONAL PARTNERSHIPS DESIGNED TO SYNERGIZE ACADEMIC CURRICULUM WITH SILKROAD'S MISSION AND ONGOING ARTISTIC INITIATIVES. BY WORKING CLOSELY WITH OUR INSTITUTIONAL PARTNERS AND THEIR LOCAL COMMUNITY, STUDENTS GAIN AN ADVANCED UNDERSTANDING OF GLOBAL CULTURES AND MUSICAL TRADITIONS, EXPLORE COLLABORATIONS WITH INNOVATIVE ARTISTS, AND LEARN TO EMBRACE ARTISTIC RISK TAKING IN THEIR OWN CREATIVE PROCESSES. DESIGNED AND TAUGHT BY ACCLAIMED ARTISTS FROM SILKROAD, THESE RESIDENCY PROGRAMS ARE TAILORED TO THE INDIVIDUAL NEEDS OF OUR INSTITUTIONAL PARTNERS, FOCUSING ON THE ARTS AS A TOOL TO INSPIRE CREATIVITY, EXPLORE IDENTITY, AND ACTIVATE A GENERATION OF CHANGE MAKERS.IN FY21, SILKROAD PARTNERED WITH BOSTON CONSERVATORY AT BERKLEE (BCB) TO HOST TWO VIRTUAL SEMESTER-LONG RESIDENCIES THAT GAVE ALL BCB INSTRUMENTAL STUDIES STUDENTS THE OPPORTUNITY TO WORK WITH A DOZEN DIFFERENT SILKROAD ARTISTS, EACH SHARING KNOWLEDGE FROM THEIR OWN EXPERTISE AND BACKGROUND. ADDITIONALLY, SILKROAD JOINED BCB FOR AN IN-PERSON SUMMER INTENSIVE THAT DIVED INTO THE POSSIBILITIES, BEST PRACTICES, CREATIVE THINKING, AND IMPLEMENTATION OF LARGE-SCALE PUBLIC PERFORMANCE WORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Fletcher Executive Director | OfficerTrustee | 40 | $202,564 |
Anthony Barbir Deputy Director | 40 | $102,387 | |
Faith Raiguel Treasurer | OfficerTrustee | 5 | $0 |
Lori Samuels Board Chair | OfficerTrustee | 5 | $0 |
Isabelle Hunter Clerk / Consultant | Officer | 5 | $0 |
Diann Kim Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Opus 3 Artists Commission On Bookings | 6/29/19 | $225,325 |
Alim Qasimov Talent Manager | 6/29/19 | $144,678 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $541 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,598,820 |
| Noncash contributions included in lines 1a–1f | $71,604 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,850,136 |
| Total Program Service Revenue | $165,811 |
| Investment income | $529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $856 |
| 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 | $5,025,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $202,564 |
| Compensation of current officers, directors, key employees. | $55,305 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $446,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $236,933 |
| Payroll taxes | $3,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,492 |
| Fees for services: Accounting | $48,713 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $547,236 |
| Advertising and promotion | $65,608 |
| Office expenses | $66,715 |
| Information technology | $1,895 |
| Royalties | $0 |
| Occupancy | $4,289 |
| Travel | $42,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $374 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,235 |
| Insurance | $22,861 |
| All other expenses | $6,575 |
| Total functional expenses | $1,712,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,079,402 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,314,503 |
| 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 | $65,904 |
| Net Land, buildings, and equipment | $31,968 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,491,777 |
| Accounts payable and accrued expenses | $244,901 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $0 |
| Total liabilities | $254,901 |
| Net assets without donor restrictions | $754,924 |
| Net assets with donor restrictions | $3,481,952 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,491,777 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Silk Road Project Inc has recieved totaling $3,396,500.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT INNOVATIVE ARTISTIC COMMUNITY, CAPACITY BUILDING, AND PLANS TO DEVELOP THE AMERICAN SILKROAD . | $2,050,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT INNOVATIVE ARTISTIC COMMUNITY, CAPACITY BUILDING, AND PLANS TO DEVELOP THE AMERICAN SILKROAD | $950,000 |
Barr Foundation Boston, MA PURPOSE: ARTS & CREATIVITY: TO PROVIDE GENERAL OPERATING SUPPORT | $200,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $150,000 |
Centene Charitable Foundation St Louis, MO PURPOSE: BOARD OF DIRECTORS - 2022 ANNUAL MATCH - THEODORE | $25,000 |
Debs Foundation New York, NY PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $10,000 |
Endowment Analysis
| Beg. Balance | $2,436,744 |
| Net Contributions | $359,666 |
| Other Expense | $964,760 |
| Ending Balance | $1,831,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
The Workmens Circle Arbeter Ring Incorporated New York, NY | $40,155,204 | $3,248,855 |
An Claidheamh Soluis Inc New York, NY | $72,072,476 | $13,153,865 |
Circle Lodge-Camp Kinder Ring Of The Workmens Circle Incorporated Hopewell Junction, NY | $6,012,413 | $4,542,835 |
Tibet House Inc New York, NY | $7,378,902 | $3,678,339 |
Spanish Speaking Elderly Council - Raices Inc Brooklyn, NY | $947,855 | $3,320,048 |