Baryshnikov Arts Center Inc
- Assets
- $22.7m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 91
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 13-3031485
Organization Overview
Baryshnikov Arts Center Inc is located in New York, NY. The organization was established in 2014. 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, Baryshnikov Arts Center Inc employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baryshnikov Arts Center 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, Baryshnikov Arts Center Inc generated $4.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. 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
THE CENTER WAS ESTABLISHED TO FOSTER AN INTEREST IN THE ARTS, ENCOURAGE THE DEVELOPMENT OF ARTISTS, AND ADVANCE THE ARTISTIC COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAC PRESENTS: THE ANNUAL PUBLIC PERFORMANCE SERIES, BAC PRESENTS, PROVIDES AN ARTISTICALLY, CULTURALLY, AND GEOGRAPHICALLY DIVERSE GROUP OF DANCE, THEATER, MUSIC, AND MULTIMEDIA ARTISTS WITH THE OPPORTUNITY TO PERFORM NEW WORK AND REACH NEW AUDIENCES. BAC PRESENTS HAS GIVEN MANY EMERGING ARTISTS THEIR NEW YORK PREMIERS, AS WELL AS PRESENTING ESTABLISHED ARTISTS ALREADY RENOWNED IN THEIR DISCIPLINES. ALL EVENTS ARE OPEN TO THE GENERAL PUBLIC, WITH AN AVERAGE TICKET PRICE OF 25. IN 2023, BAC HELD 1 DIGITAL AND 11 LIVE PERFORMANCES. OVERALL ATTENDANCE WAS STILL DOWN BUT OUR VIEWERSHIP WAS UP TO 5,000. BAC RESIDENCIES: BAC RESIDENCIES PROVIDE ARTISTS WITH THE SPACE AND RESOURCES NEEDED TO FACILITATE THE DEVELOPMENT OF NEW PROJECTS AND COLLABORATIONS. BAC RESIDENCIES PROVIDE ARTISTS WITH STUDIO SPACE FOR A THREE TO SIX WEEK PERIOD AND A STIPEND (ARTIST FEE). RESIDENT ARTISTS MAY PRESENT A WORK-IN- PROGRESS SHOWING, BUT ARE NOT REQUIRED TO DO SO. BAC PROVIDES TECHNICAL, ADMINISTRATIVE AND MARKETING SUPPORT, AS WELL AS INVITING ARTS PROFESSIONALS, JOURNALISTS, AND PEERS TO RESIDENCY SHOWINGS. BAC PROVIDES UP TO 20 RESIDENCIES ANNUALLY. BAC RENTALS: BAC PROVIDES AFFORDABLE REHEARSAL SPACE TO INDIVIDUAL ARTISTS AND COMPANIES THROUGH ITS SUBSIDIZED RENTAL PROGRAM. BAC'S SUBSIDIZED RATES START AT 10 PER HOUR. BAC ALSO PROVIDES REDUCED RATE RENTALS TO NON-PROFIT DANCE, MUSIC, THEATER, AND MULTI-MEDIA ARTISTS AND COMPANIES. BAC ALSO OFFERS MARKET RATE RENTALS TO COMMERCIAL ARTS GROUPS, WHO REHEARSE AND PRESENT THEIR WORK IN OUR SPACES. IN 2023, OVER 50 INDIVIDUAL ARTISTS AND COMPANIES RENTED SPACE IN OUR STUDIOS AND THEATERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave S Hattem Chair | OfficerTrustee | 1.5 | $0 |
R Jarrett Lilien Treasurer | OfficerTrustee | 1.5 | $0 |
Steven Dupre Secretary | OfficerTrustee | 1.5 | $0 |
Jamie Bishton Board Member | Trustee | 1.5 | $0 |
Frank Cordasco MD Board Member | Trustee | 1.5 | $0 |
Richard Descherer Board Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $411,888 |
| Related organizations | $0 |
| Government grants | $139,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,412,900 |
| Noncash contributions included in lines 1a–1f | $25,252 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,964,288 |
| Total Program Service Revenue | $807,981 |
| Investment income | $160,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$123,223 |
| Net Income from Fundraising Events | $31,717 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,842,532 |
| 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. | $387,492 |
| Compensation of current officers, directors, key employees. | $96,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,199,735 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $130,520 |
| Payroll taxes | $127,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $66,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,220 |
| Fees for services: Other | $44,022 |
| Advertising and promotion | $250 |
| Office expenses | $144,586 |
| Information technology | $14,958 |
| Royalties | $0 |
| Occupancy | $512,987 |
| Travel | $3,570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $483,047 |
| Insurance | $78,716 |
| All other expenses | $24,074 |
| Total functional expenses | $3,694,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,691 |
| Savings and temporary cash investments | $104,641 |
| Pledges and grants receivable | $2,695,000 |
| Accounts receivable, net | $33,459 |
| 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 | $4,006 |
| Net Land, buildings, and equipment | $11,320,900 |
| Investments—publicly traded securities | $5,911,408 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,306,529 |
| Total assets | $22,709,634 |
| Accounts payable and accrued expenses | $72,605 |
| Grants payable | $0 |
| Deferred revenue | $117,615 |
| 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 | $146,716 |
| Other liabilities | $0 |
| Total liabilities | $336,936 |
| Net assets without donor restrictions | $15,851,858 |
| Net assets with donor restrictions | $6,520,840 |
| 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 | $22,709,634 |