Building For The Arts Ny Inc
- Assets
- $30.1m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 63
- Location
- New York, NY
- Founding
- 06/1977
- Data as of
- 12/2021
- EIN
- 13-2852371
Organization Overview
Building For The Arts Ny Inc is located in New York, NY. The organization was established in 1977. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Building For The Arts NY Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building For The Arts NY 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, Building For The Arts NY Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 4.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO EXPAND ACCESS TO THE PERFORMING ARTS BY PROVIDING CREATIVE SPACE, LEARNING OPPORTUNITIES AND HUBS FOR ARTISTIC CONNECTION, THROUGH ITS FOUR SIGNATURE PROGRAMS, THEATRE ROW, MUSIC AND THE BRAIN, THE AMERICAN PLAYWRITING FOUNDATION AND COMMUNITY RENEWAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES THEATRE ROW - AN OFF-BROADWAY MULTI-THEATER COMPLEX IN THE HEART OF THE THEATER DISTRICT IN NEW YORK CITY THAT SERVES AS AN AFFORDABLE HOME FOR NOT-FOR-PROFIT PERFORMING ARTS ORGANIZATIONS AND A LIVELY, ACCESSIBLE VENUE FOR DIVERSE AUDIENCES.
THE ORGANIZATION OPERATES MUSIC AND THE BRAIN, A NATIONAL NEUROSCIENCE-BASED PROGRAM THAT BRINGS MUSIC LITERACY CURRICULUM AND CLASSROOM KEYBOARD INSTRUCTION TO SCHOOLS WITH UNDERSERVED STUDENTS, HELPING THEM BUILD COGNITIVE, ATTENTION AND FINE MOTOR SKILLS TO SUCCEED ACADEMICALLY AND IN LIFE.
THE ORGANIZATION PROMOTES COMMUNITY RENEWAL WITHIN NEW YORK CITY THROUGH DIRECT INITIATIVES AND PARTNERSHIPS WITH OTHER NOT-FOR-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Rowden President | OfficerTrustee | 40 | $347,300 |
Ken Shillingford Director Of Finance | 40 | $170,165 | |
Lisala Beatty Director Of Music And The | 40 | $158,175 | |
Josh Landay Chief Operating Officer | Officer | 40 | $157,400 |
Carmen M Bowser Vice Chair | OfficerTrustee | 1 | $0 |
Jeffrey A Horwitz Chair & Board Member | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,685,762 |
| All other contributions, gifts, grants, and similar amounts not included above | $979,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,665,097 |
| Total Program Service Revenue | $1,490,203 |
| Investment income | $258,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,738,515 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,152,789 |
| 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. | $590,139 |
| Compensation of current officers, directors, key employees. | $41,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,331,092 |
| Pension plan accruals and contributions | $50,130 |
| Other employee benefits | $152,346 |
| Payroll taxes | $137,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,886 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,900 |
| Fees for services: Other | $167,075 |
| Advertising and promotion | $0 |
| Office expenses | $666,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,754 |
| 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 | $262,861 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,925,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,130 |
| Savings and temporary cash investments | $1,138,747 |
| Pledges and grants receivable | $25,150 |
| Accounts receivable, net | $131,639 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,981,048 |
| Investments—publicly traded securities | $11,974,811 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $351,703 |
| Total assets | $30,117,228 |
| Accounts payable and accrued expenses | $150,301 |
| Grants payable | $0 |
| Deferred revenue | $377,678 |
| 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 | $303,886 |
| Other liabilities | $351,703 |
| Total liabilities | $1,183,568 |
| Net assets without donor restrictions | $28,933,660 |
| 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 | $30,117,228 |
Grants Awarded
Over the last fiscal year, Building For The Arts Ny Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: REDEVELOPMENTREDEVELOPMENT | $10,000 |
WX CHARITABLE FUND LTD PURPOSE: REDEVELOPMENTREDEVELOPMENT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Building For The Arts Ny Inc has recieved totaling $51,000.
| Awarding Organization | Amount |
|---|---|
Cornelia T Bailey Charitable Trust West Palm Beach, FL PURPOSE: MUSIC AND THE BRAIN: TRANSFORMATIVE MUSIC EDUCATION FOR STUDENTS IN NEED | $25,000 |
Cma Foundation Nashville, TN PURPOSE: 2021-2022 GRANT | $10,000 |
Barbara Bell Cumming Charitable Tr New York, NY PURPOSE: SEE ATTACHED RIDER | $10,000 |
Les Paul Foundation Syosset, NY PURPOSE: HYBRID LEARNING PLATFORM | $5,000 |
Sayers Foundation Inc Saint Louis, MO PURPOSE: MUSIC LITERACY/FINE MOTOR SKILLS | $1,000 |
Endowment Analysis
| Beg. Balance | $511,677 |
| Earnings | $627,070 |
| Ending Balance | $1,138,747 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |