New Urban Arts
- Assets
- $2.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Providence, RI
- Founding
- 10/1998
- Data as of
- 06/2022
- EIN
- 05-0498654
Organization Overview
New Urban Arts is located in Providence, RI. The organization was established in 1998. 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 06/2022, New Urban Arts employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Urban Arts 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 06/2022, New Urban Arts generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 10.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ARTS RELATED PROGRAMS FOR TEENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE DEVELOPMENT OF LOW-INCOME PROVIDENCE TEENAGERS THROUGH FREE AFTERSCHOOL AND SUMMER PROGRAMS, INCLUDING ARTS EDUCATION, MENTORING, LEADERSHIP TRAINING, POSTSECONDARY ADVISING, AND UNJUDGED ART SHOWS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aarav Sundaresh Director | Trustee | 0.5 | $0 |
Rodney Eric Lopez Director | Trustee | 0.5 | $0 |
Jennifer Petreccia Director | Trustee | 0.5 | $0 |
Jordan Seaberry Director | Trustee | 0.5 | $0 |
Emily Gonzalez Director | Trustee | 0.5 | $0 |
Judy Croyle Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $386,783 |
| All other contributions, gifts, grants, and similar amounts not included above | $951,535 |
| Noncash contributions included in lines 1a–1f | $3,449 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,338,318 |
| Total Program Service Revenue | $18,942 |
| Investment income | $18,949 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$414 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,375,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $118,860 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $598,691 |
| Pension plan accruals and contributions | $4,869 |
| Other employee benefits | $56,282 |
| Payroll taxes | $52,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,541 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,360 |
| Advertising and promotion | $3,966 |
| Office expenses | $18,704 |
| Information technology | $4,332 |
| Royalties | $0 |
| Occupancy | $15,580 |
| Travel | $1,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,532 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,783 |
| Insurance | $35,398 |
| All other expenses | $0 |
| Total functional expenses | $1,105,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,352 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $158,974 |
| 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 | $10,432 |
| Net Land, buildings, and equipment | $1,139,255 |
| Investments—publicly traded securities | $290,553 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $106,633 |
| Total assets | $2,364,199 |
| Accounts payable and accrued expenses | $117,030 |
| 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 | $16,573 |
| Total liabilities | $133,603 |
| Net assets without donor restrictions | $1,711,605 |
| Net assets with donor restrictions | $518,991 |
| 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 | $2,364,199 |