Puppetry In Practice Inc
- Assets
- $641.9k
- Revenue
- $773.9k
- Investments
- $0.0
- Employees
- 18
- Location
- Brooklyn, NY
- Founding
- 03/1995
- Data as of
- 06/2022
- EIN
- 11-3228052
Organization Overview
Puppetry In Practice Inc is located in Brooklyn, NY. The organization was established in 1995. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Puppetry In Practice Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puppetry In Practice 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 06/2022, Puppetry In Practice Inc generated $773.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $489.2k during the year ending 06/2022. While expenses have increased by 7.7% 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
SEE SCHEDULE O.PUPPETY IN PRACTICE (PIP) IS COMMITTED TO USING THE ARTS AS A LENS THROUGH WHICH STUDENTS EXPERIENCE, LEARN FROM, AND APPRECIATE THE WORLD'S RICH CULTURAL HISTORY. PIP'S MISSION IS EXPRESSED THROUGH ITS DIRECT SERVICES IN NEW YORK CITY SCHOOLS AND COMMUNITIES AND ITS FOCUS ON LITERACY THROUGH THE ARTS. ITS PUPPETRY CENTER, HOUSED AT BROOKLYN COLLEGE, SERVES TEACHERS AND STUDENTS. IT PROVIDES DIRECT SERVICES IN A VARIETY OF LANGUAGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVELOPMENT OF LITERACY THROUGH THE ARTS, IN EMPHASIS ON COMMUNICATION SKILLS FOR NEW IMMIGRANT CHILDREN, BILINGUAL, AND SPECIAL ED CHILDREN AS WELL AS MAINSTREAM. THE PROGRAMS ARE CONDUCTED IN SCHOOLS THROUGHOUT NEW YORK CITY,AND AT THE ORGANIZATION'S PUPPETRY CENTER AT BROOKLYN COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Boruch Ackerman President | OfficerTrustee | 40 | $7,500 |
Rivka R Mandelbaum Secretary-Treasurer | OfficerTrustee | 0 | $0 |
Alan Siegel Board Member | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $133,618 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,384 |
| Total Program Service Revenue | $594,460 |
| Investment income | $27 |
| 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 | $773,871 |
| 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. | $15,500 |
| Compensation of current officers, directors, key employees. | $15,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $400,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,044 |
| Payroll taxes | $37,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,575 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,163 |
| All other expenses | $9,230 |
| Total functional expenses | $489,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,940 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,940 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $641,880 |
| Accounts payable and accrued expenses | $27,000 |
| 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 | $0 |
| Total liabilities | $27,000 |
| Net assets without donor restrictions | $614,880 |
| 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 | $641,880 |