Hook Arts Media Inc
- Assets
- $932.3k
- Revenue
- $967.9k
- Investments
- $0.0
- Employees
- 24
- Location
- Brooklyn, NY
- Founding
- 05/1980
- Data as of
- 12/2023
- EIN
- 13-3015965
Organization Overview
Hook Arts Media Inc is located in Brooklyn, NY. The organization was established in 1980. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Hook Arts Media Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hook Arts Media 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 12/2023, Hook Arts Media Inc generated $967.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $980.0k during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 9 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
PREMISED ON THE BELIEF THAT THE ARTS ARE AN EFECTIVE VEHICLE FOR PERSONAL AND SOCIAL TRANFORMATION, HOOK ARTS MEDIA UNITES ARTISTS AND COMMUNITY MEMBERS AS CO-CREATORS IN DYNAMIC CULTURAL ACTIVITIES THROUGH INNOVATIVE PERFORMING ARTS AND MEDIA EDUCATION PROGRAMS,AND RELATED SITE-SPECIFIC PERFORMANCES AND FESTIVALS. HOOK ARTS MEDIA STIMULATES THE SOCIAL IMAGINATION THROUGH ACTS OF INFORMED EXPRESSION AND CIVIC PARTICIPATION, IN THE INTEREST OF ESTABLISHING A MORE JUST AND EQUITABLE SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS EDUCATION: HOOK ARTS MEDIA PROVIDES ARTS INSTRUCTION TO TEENS IN NYC PUBLIC HIGH SCHOOLS, AND PROVIDES FREE ARTS PROGRAMMING AT ITS FACILITY IN RED HOOK, BROOKLYN FOR TEENS AND YOUNG ADULTS.
RED HOOK FEST: HOOK ARTS MEDIA PRODUCES THE FREE, ANNUAL RED HOOK FEST WHICH SHOWCASES THE TALENTS OF LOCAL YOUTH, AND PROVIDES ACCESS TO HIGH QUALITY PROFESSIONAL PERFORMING ARTISTS.
SITE-SPECIFIC PERFORMANCES: "RED HOOK IT", A FESTIVAL OF DANCE PERFORMANCES IN PARTNERSHIP WITH GOOD SHEPHERD'S ANNUAL THANKSGIVING COMMUNITY CELEBRATION (ON HIATUS DUE TO COVID-19). AS WELL AS POP-UP PERFORMANCES AT COMMUNITY EVENTS WITH THE INTENTIONS OF MAKING THE ARTS ACCESSIBLE, AND AFFORDABLE TO LOW-INCOME RED HOOK RESIDENTS AND NUTURING THE CAREERS OF EMERGING LOW-INCOME ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Bowers Executive Direc | OfficerTrustee | 40 | $97,000 |
Sam Sills President | OfficerTrustee | 5 | $0 |
Audrey Anastasi Secretary | OfficerTrustee | 5 | $0 |
Elise Bernhardt Treasurer | OfficerTrustee | 5 | $0 |
Nyeema Bailey Board Member | Trustee | 5 | $0 |
Corinthia Carter Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $472,615 |
| All other contributions, gifts, grants, and similar amounts not included above | $260,000 |
| Noncash contributions included in lines 1a–1f | $40,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $732,615 |
| Total Program Service Revenue | $235,000 |
| Investment income | $29 |
| 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 | $967,944 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,969 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77,543 |
| Payroll taxes | $45,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142,712 |
| Advertising and promotion | $7,500 |
| Office expenses | $4,400 |
| Information technology | $25,000 |
| Royalties | $0 |
| Occupancy | $48,410 |
| Travel | $9,287 |
| 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 | $8,480 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $979,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $520,000 |
| Accounts receivable, net | $16,000 |
| 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 | $14,036 |
| Net Land, buildings, and equipment | $22,312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $932,348 |
| Accounts payable and accrued expenses | $19,968 |
| Grants payable | $0 |
| Deferred revenue | $35,000 |
| 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 | $54,968 |
| Net assets without donor restrictions | $430,000 |
| Net assets with donor restrictions | $447,380 |
| 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 | $932,348 |