Bric Arts Media Bklyn Inc
- Assets
- $22.1m
- Revenue
- $17.4m
- Investments
- $0.0
- Employees
- 396
- Location
- Brooklyn, NY
- Founding
- 01/1981
- Data as of
- 06/2022
- EIN
- 11-2547268
Organization Overview
Bric Arts Media Bklyn Inc, operating under the name Bric, is located in Brooklyn, NY. The organization was established in 1981. 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, Bric employed 396 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bric 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, Bric generated $17.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $17.2m during the year ending 06/2022. While expenses have increased by 4.5% 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
BRIC IS A LEADING ARTS AND MEDIA INSTITUTION ANCHORED IN DOWNTOWN BROOKLYN WHOSE WORK SPANS CONTEMPORARY VISUAL AND PERFORMING ARTS, MEDIA, AND CIVIC ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIC IS THE NEW YORK EMMY AWARD-WINNING PUBLIC ACCESS TELEVISION ORGANIZATION FOR BROOKLYN, NEW YORK. WE OFFER LOW-COST MEDIA PRODUCTION CLASSES AND FREE ACCESS TO TELEVISION PRODUCTION FACILITIES. WE AIR COMMUNITY-PRODUCED FREE SPEECH CONTENT ON OUR CABLE NETWORK, AND IN-HOUSE CONTENT FOCUSED ON BROOKLYN. IN FY22, 696 CERTIFIED COMMUNITY PRODUCERS WORKED WITH BROOKLYN FREE SPEECH TV. BRIC MEDIA EDUCATION OFFERED 340 COURSES AND ORIENTATIONS PHYSICALLY AND VIRTUALLY TO 5162 STUDENTS FROM AROUND THE GLOBE. ALL CLASSES ARE FREE OR LOW-COST. CLASSES INCLUDED STUDENTS FROM 26 STATES AND 14 COUNTRIES.
BRIC PERFORMING ARTS PROGRAMS INCLUDE PRESENTATION OF MUSIC, DANCE, THEATER, FILM AND SPOKEN WORD, AND SUPPORT FOR THE DEVELOPMENT OF NEW WORK. IN FY22, OUR FLAGSHIP BRIC CELEBRATE BROOKLYN! FESTIVAL RETURNED FROM THE COVID-19 PANDEMIC ON A SMALLER SCALE, WITH 13 FREE SHOWS AND SIX BENEFIT SHOWS, ATTRACTING 79,022 ATTENDEES. BRIC JAZZFEST ALSO RETURNED TO BRIC HOUSE, BRINGING OVER 1500 ATTENDEES ACROSS THREE NIGHTS OF PERFORMANCES.
BRIC CONTEMPORARY ART AND MEDIA PROGRAMS INCLUDE EXHIBITIONS, PUBLIC EVENTS AND AN INNOVATIVE EDUCATION PROGRAM AT OUR 3,000 SQUARE FOOT GALLERY AT BRIC HOUSE AND AROUND THE BOROUGH. OUR AIM IS TO INCREASE THE VISIBILITY THROUGHOUT BRIC HOUSE AND ACCESSIBILITY OF CONTEMPORARY ART AND MEDIA WHILE BRIDGING THE GAP BETWEEN THE ART WORLD AND GLOBAL CULTURE IN BROOKLYN. IN ADDITION, OUR ART EDUCATION PROGRAMS BRING THESE EXPERIENCES TO STUDENTS THROUGHOUT NEW YORK. ABOUT 3,200 STUDENTS PARTICIPATED IN OUR SCHOOL-BASED ART EDUCATION PROGRAM AND ACTIVITIES IN 56 SCHOOLS AND COMMUNITY CENTERS AND BRIC HOUSE DELIVERY OF DIGITAL EDUCATION CONTENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Newman-Scott President (through 8/21) | Officer | 40 | $320,840 |
Seneca Mudd COO (through 12/21) | Officer | 40 | $198,881 |
Anthony Riddle VP Communication Media | 40 | $172,319 | |
Emily Harney Chief Strategist, Engagement | 40 | $151,025 | |
Kuye Youngblood General Manager | 40 | $129,122 | |
Alexandra Robertson CFO | Officer | 40 | $125,342 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Square Indigo Building Mgmt/constr | 6/29/20 | $840,942 |
Wme Img Holdings Llc Artist Mgmt | 6/29/20 | $104,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,000,000 |
| Government grants | $3,303,534 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,966,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,270,058 |
| Total Program Service Revenue | $10,993,821 |
| Investment income | $2,714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,678 |
| 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 | $17,361,641 |
| 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. | $738,608 |
| Compensation of current officers, directors, key employees. | $160,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,514,402 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,079,068 |
| Payroll taxes | $348,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $188,259 |
| Fees for services: Accounting | $36,821 |
| Fees for services: Lobbying | $20,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,141,463 |
| Advertising and promotion | $507,821 |
| Office expenses | $378,961 |
| Information technology | $495,659 |
| Royalties | $0 |
| Occupancy | $649,856 |
| Travel | $68,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,326 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $914,202 |
| Insurance | $173,944 |
| All other expenses | $0 |
| Total functional expenses | $17,211,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,763,328 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,509,433 |
| Accounts receivable, net | $2,115,400 |
| 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 | $246,918 |
| Net Land, buildings, and equipment | $11,801,860 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $624,022 |
| Total assets | $22,060,961 |
| Accounts payable and accrued expenses | $2,043,815 |
| Grants payable | $0 |
| Deferred revenue | $1,129,482 |
| 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 | $1,499,542 |
| Other liabilities | $0 |
| Total liabilities | $4,672,839 |
| Net assets without donor restrictions | $5,365,278 |
| Net assets with donor restrictions | $12,022,844 |
| 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 | $22,060,961 |