Promote Art Works Inc
- Assets
- $18.6k
- Revenue
- $87.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 09/1993
- Data as of
- 12/2021
- EIN
- 11-3172595
Organization Overview
Promote Art Works Inc is located in Brooklyn, NY. The organization was established in 1993. According to its NTEE Classification (A90) the organization is classified as: Arts Services, 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. Promote Art Works 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 12/2021, Promote Art Works Inc generated $87.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $67.4k during the year ending 12/2021. While expenses have increased by 7.5% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES DISTANCE LEARNING BY HIGHLIGHTING ENTREPRENEURIAL TRAINING PROGRAMS ONLINE, PRINTED AND ELECTRONIC MATERIALS THAT FOSTER COMMUNICATION SKILLS FOR CREATIVE PEOPLE, YOUNG PEOPLE, ARTISTS OR ASPIRING ARTISTS. THE ORGANIZATION PROVIDES COLLABORATIVE OPPORTUNITIES FOR DIVERSE ART MAKERS TO COME TOGETHER TO CREATE NEW PROGRAMS FOR THE PUBLIC - BOTH AS LIVE SPECIAL EVENTS OR AS DEDICATED ONLINE EDUCATIONAL EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Laziza Exe. Dir | 15 | $0 | |
Jeanette Busch President | 0.25 | $0 | |
Julio Vega Secretary | 0.25 | $0 | |
William Laziza Treasurer | 5 | $0 | |
Nancy Stern Bain Vice President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $87,686 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,686 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $5,134 |
| Occupancy | $38,126 |
| Travel, conferences, and meetings | $26 |
| Printing and publications | $0 |
| Other expenses | $10,965 |
| Total operating and administrative expenses | $67,326 |
| Contributions, gifts, grants paid | $100 |
| Total expenses and disbursements | $67,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,565 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,565 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Promote Art Works Inc has awarded $100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: ASSISTANCE | $50 |
REFUSE FASCISM PURPOSE: ASSISTANCE | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corporation Of Yaddo Saratoga Springs, NY | $58,580,101 | $4,491,706 |
Emerson Umbrella Inc Concord, MA | $32,547,256 | $2,816,448 |
The Elizabeth Foundation For The Arts New York, NY | $6,747,925 | $1,576,303 |
Kaatsbaan International Dance Center Inc Tivoli, NY | $2,917,016 | $1,601,121 |
Jane And Jack Fitzpatrick Tr Stockbridge, MA | $16,214,471 | $1,247,768 |
Association For Promotion Of Jewish Secularism Valley Stream, NY | $1,073,582 | $1,051,769 |
Volunteer Lawyers For The Arts Inc New York, NY | $1,760,254 | $1,417,543 |
Arts & Business Council Of Greater Boston Inc Boston, MA | $4,352,780 | $1,647,322 |
Womens Studio Workshop Inc Rosendale, NY | $1,606,567 | $544,946 |
New Brunswick Cultural Center Inc New Brunswick, NJ | $14,306,662 | $403,521 |
Smack Mellon Studios Inc Brooklyn, NY | $757,795 | $747,790 |
Writers Room Inc New York, NY | $687,641 | $527,713 |