International African Arts Festival
- Assets
- $107.0k
- Revenue
- $530.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Brooklyn, NY
- Founding
- 07/1989
- Data as of
- 09/2023
- EIN
- 11-2953522
Organization Overview
International African Arts Festival is located in Brooklyn, NY. The organization was established in 1989. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, International African Arts Festival employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International African Arts Festival 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 09/2023, International African Arts Festival generated $530.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $519.1k during the year ending 09/2023. While expenses have increased by 5.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AS BROOKLYN'S OLDEST AND LARGEST AFRICAN FESTIVAL. THE INTERNATIONAL AFRICAN ARTS FESTIVAL'S MISSION IS TO PRESERVE, PRESENT AND CELEBRATE THE CULTURAL TRADITIONS OF AFRICAN PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL AFRICAN ARTS FESTIVAL - EVERY YEAR A FESTIVAL IS HELD IN BROOKLYN FOR MANY OF THE BOROUGH'S MILLIONS OF RESIDENTS, THE FESTIVAL WAS ATTENDED BY THOUSANDS OF PEOPLE OVER A PERIOD OF FOUR TO FIVE DAYS WHERE AFRICAN, AMERICAN AFRICAN, AND CARIBBEAN CULTURE WAS SHARED AND CELEBRATED WITH A MULTICULTURAL AUDIENCE.
THE LIBATION CELEBRATION - THIS IS THE OPENING PROGRAM AND CEREMONY FOR THE INTERNATIONAL AFRICAN ARTS FESTIVAL IAAFESTIVAL, WHICH IS HELD EVERY JULY FOURTH WEEKEND. LIBATION IS HELD IN MAY OR EARLY JUNE. IT FEATURES SOME OF THE ARTISTS WHO ARE PERFORMING AT THE FESTIVAL ITSELF. THE EVENT ALSO COMMEMORATES MANY OF THE RECENT AND PAST IAAFESTIVAL AND COMMUNITY ANCESTORS.
COVID BAIL OUT NYC -THIS IS A VOLUNTEER-POWERED EFFORT THAT USES 100 OF THE DONATIONS RECEIVED TOWARDS GETTING PEOPLE OUT OF NYC JAILS AND SUPPORTED ONCE FREE. COVID BAIL OUT NYC PAYS BAIL FOR FOLKS LOCKED IN NYC JAILS PRETRIAL AND COVER THEIR VITAL POST-RELEASE SUPPORT, SUCH AS HOUSING, PPE, FOOD, MEDICAL CARE & HEALING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Segun Shabaka PHD Chairman | OfficerTrustee | 25 | $0 |
Omare Kinsey Treasurer | OfficerTrustee | 5 | $0 |
Deborah Buie Secretary | OfficerTrustee | 5 | $0 |
Beatrice Sabir Trustee | Trustee | 5 | $0 |
Adeyemi Bandele Trustee | Trustee | 10 | $0 |
Clark Arrington Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $240,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,979 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,314 |
| Total Program Service Revenue | $209,015 |
| 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 | $530,435 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,548 |
| Advertising and promotion | $27,929 |
| Office expenses | $26,277 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,419 |
| Travel | $23,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,886 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $446 |
| All other expenses | $0 |
| Total functional expenses | $519,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,975 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $77,335 |
| 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 | $500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,195 |
| Other assets | $0 |
| Total assets | $107,005 |
| Accounts payable and accrued expenses | $113,652 |
| 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 | $34,623 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,212 |
| Total liabilities | $171,487 |
| Net assets without donor restrictions | -$64,482 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $107,005 |