122 Community Center Inc
- Assets
- $139.8k
- Revenue
- $583.2k
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 10/1998
- Data as of
- 09/2023
- EIN
- 13-3174402
Organization Overview
122 Community Center Inc is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 09/2023, 122 Community Center Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 122 Community 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 09/2023, 122 Community Center Inc generated $583.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $567.1k during the year ending 09/2023. While expenses have increased by 40.8% per year over the past 6 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
THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO LEASE A CITY-OWNED BUILDING AND PROVIDE LOW RENTAL SPACES TO NON-PROFIT COMMUNITY CULTURAL AND EDUCATIONAL ORGANIZATIONS AND SERVICES ANCILLARY TO THESE ORGANIZATIONS, CURRENTLY FOUR ARTS ORGANIZATIONS AND AN EDUCATION ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS INCORPORATION IN 1977, THE 122 COMMUNITY CENTER INC. HAS MAINTAINED, MANAGED AND IMPROVED THE HIGHLY VISIBLE CITY-OWNED BUILDING LOCATED AT 150 FIRST AVENUE FOR THE BENEFIT OF THE FIVE RESIDENT NON-PROFIT CULTURAL AND SOCIAL SERVICES ORGANIZATIONS AND THE NEIGHBORHOOD AT LARGE. THE CENTER HAS GRADUALLY SECURED WHAT NOW AMOUNTS TO $36M IN CAPITAL PROJECT FUNDING FROM THE CITY OF NEW YORK TO UPGRADE THE ENTIRE BUILDING. THE FIRST PHASE OF WORK BEGAN IN AUGUST 2008 AND IS COMPLETE. THE SECOND PHASE; A COMPLETE GUT RENOVATION BEGAN IN MARCH 2013 AND ACHIEVED A TEMPORARY CERTIFICATE OF OCCUPANCY AS OF SEPTEMBER 1, 2018.AS OF SEPTEMBER 1, 2018, THE FIVE RESIDENT GROUPS MOVED BACK INTO THE NEWLY RENOVATED BUILDING AND BEGAN THEIR PROGRAMMING. IN MARCH 2020, 122CC SUSPENDED MOST OF ITS OPERATIONS IN ACCORDANCE WITH NYC COVID-19 SHUT-DOWN PROTOCOL. 122CC REOPENED ITS DOORS IN ACCORDANCE WITH THE NYC GUIDELINES AND IS FULLY BACK IN OPERATION. A FAADE RESTORATION PROJECT FOR THE TWO STREET-FACING FACADES IS FUNDED AND IN THE DESIGN DEVELOPMENT PHASE. CONSTRUCTION IS SCHEDULED TO BEGIN BY JUNE 2025.THE FIVE RESIDENT TENANTS ARE: PERFORMANCE SPACE NEW YORK, A WORLD-RENOWNED ARTS ORGANIZATION THAT PRESENTS NEW AND EMERGING PERFORMING ARTISTS FROM A DIVERSITY OF CULTURES AND POINTS OF VIEW; MABOU MINES WHICH DEVELOPS AND PERFORMS AWARD-WINNING ORIGINAL WORKS TO A GLOBAL AUDIENCE; MOVEMENT RESEARCH, ONE OF THE WORLD'S LEADING LABORATORIES FOR THE INVESTIGATION OF DANCE AND MOVEMENT-BASED FORMS; PAINTING SPACE 122, AN ARTIST-RUN VISUAL ARTS ORGANIZATION THAT PROVIDES NOT-FOR-PROFIT EXHIBITION SPACES, PROJECT SPACES, AND STUDIO SPACES; AND ALLIANCE FOR POSITIVE CHANGE - A MULTI-SERVICE ORGANIZATION THAT PROVIDES COMPREHENSIVE PROGRAMS TO HELP INDIVIDUALS AND FAMILIES IN NYC TO ACHIEVE AND MAINTAIN THE HIGHEST QUALITY OF LIFE AND HEALTH IN THE FACE OF HIV/AIDS.IN ADDITION, 12CC MAINTAINS A LEED GOLD CERTIFICATION AND IS COMMITTED TO REDUCING ITS BUILDINGS ENERGY EMISSIONS EVEN FURTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Dennin President | OfficerTrustee | 1 | $0 |
Sharon Fogarty Co-Chair, Treas | OfficerTrustee | 3 | $0 |
Bill Pangburn Secretary | OfficerTrustee | 2 | $0 |
Jenny Schlenzka Board Member | Trustee | 1 | $0 |
Denise Poche-Jetter Board Member | Trustee | 1 | $0 |
Andrew Glass Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,640 |
| Total Program Service Revenue | $561,529 |
| Investment income | $0 |
| 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 | $583,169 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,316 |
| Payroll taxes | $7,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,390 |
| Advertising and promotion | $0 |
| Office expenses | $3,973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $287 |
| 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 | $7,753 |
| Insurance | $19,724 |
| All other expenses | $825 |
| Total functional expenses | $567,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,205 |
| Savings and temporary cash investments | $1,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,103 |
| 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 | $10,279 |
| Net Land, buildings, and equipment | $62,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75 |
| Total assets | $139,829 |
| Accounts payable and accrued expenses | $23,706 |
| Grants payable | $0 |
| Deferred revenue | $28,732 |
| 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 | $19,501 |
| Total liabilities | $71,939 |
| Net assets without donor restrictions | $67,890 |
| 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 | $139,829 |