Works And Process Inc
- Assets
- $2.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 01/1991
- Data as of
- 12/2023
- EIN
- 13-3592291
Organization Overview
Works And Process Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Works And Process Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Works And Process 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, Works And Process Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 5.2% 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
TO PROVIDE THE OPPORTUNITY FOR THE PUBLIC TO LEARN ABOUT THE CREATIVE PROCESS INVOLVED IN THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, WORKS & PROCESS PRESENTED 73 LIVE MULTIDISCIPLINARY PERFORMANCES/EVENTS IN THE GUGGENHEIM'S MUSEUM'S THEATER (WITH 3 IN THE MUSEUM'S ROTUNDA) AS WELL AS IN LINCOLN CENTER'S CLARK STUDIO THEATER AND KAPLAN PENTHOUSE, THE NEW YORK PUBLIC LIBRARY FOR THE PERFORMING ARTS' CAFE AND AUDITORIUM, SUMMERSTAGE IN CENTRAL PARK, VON KING PARK, AND MARCUS GARVEY PARK, AND MANHATTAN WEST; THESE ENGAGEMENTS SERVED 23,342 LOCAL AUDIENCES AND 1.3 MILLION+ DIGITAL AUDIENCES (VIA WORKS AND PROCESS' YOUTUBE AND EXTERNAL MEDIA). ALL PROGRAMS ILLUMINATED THE CREATIVE PROCESS BLENDING PERFORMANCE HIGHLIGHTS AND DISCUSSION TO BUILD GREATER UNDERSTANDING, APPRECIATION, AND ENGAGEMENT. WORKS & PROCESS ALSO PARTNERED WITH THE GUGGENHEIM BILBAO AND A NETWORK OF 12 RESIDENCY PARTNERS IN MA, NJ, AND NY FOR AN ADDITIONAL 17 PRESENTATIONS AND 22 FULLY-FUNDED LAUNCHPAD CREATIVE RESIDENCIES. 160 LAUNCHPAD ARTISTS BENEFITED FROM 215 DAYS OF RESIDENCIES AND WERE PROVIDED WITH INDUSTRY LEADING RESIDENCY FEES, HOUSING AND 24/7 STUDIO ACCESS, CONTINUING THEIR CRITICAL WORK OF DEVELOPING NEW PERFORMANCE PIECES. AT THE GUGGENHEIM MUSEUM, 15% OR $49,139.25 OF TICKETS SOLD WERE PURCHASED BY AUDIENCES ELECTING TO CHOOSE-WHAT-YOU-PAY, THE REMAINING 85% WERE SOLD AT FACE VALUE OF $55-$35. AT LINCOLN CENTER, THE NEW YORK PUBLIC LIBRARY FOR THE PERFORMING ARTS, SUMMERSTAGE, AND MANHATTAN WEST ALL PROGRAMS WERE FREE OR CHOOSE-WHAT-YOU-PAY. PROJECTS COMMISSIONED BY WORKS & PROCESS AND INCUBATED IN LAUNCHPAD TOURED SPANNING AR, CA, CO, DC, MA, MI, NC, NY AND PA AND ITALY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bart Friedman Chair | OfficerTrustee | 4 | $0 |
Stuart Coleman Treasurer | OfficerTrustee | 1 | $0 |
Caroline Cronson Secretary | OfficerTrustee | 40 | $0 |
Richard Armstrong Director | Trustee | 1 | $0 |
Lucy Dobrin Director | Trustee | 1 | $0 |
Adam Flatto Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $309,173 |
| Related organizations | $0 |
| Government grants | $55,160 |
| All other contributions, gifts, grants, and similar amounts not included above | $900,069 |
| Noncash contributions included in lines 1a–1f | $7,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,264,402 |
| Total Program Service Revenue | $545,196 |
| Investment income | $99,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$113,536 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,795,275 |
| 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. | $186,201 |
| Compensation of current officers, directors, key employees. | $24,194 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,192 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,473 |
| Payroll taxes | $22,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $41,699 |
| Fees for services: Investment Management | $9,634 |
| Fees for services: Other | $1,045,520 |
| Advertising and promotion | $145,825 |
| Office expenses | $6,975 |
| Information technology | $10,945 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $50,941 |
| 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 | $2,077 |
| Insurance | $8,623 |
| All other expenses | $5,370 |
| Total functional expenses | $2,018,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,645 |
| Savings and temporary cash investments | $1,999 |
| Pledges and grants receivable | $122,280 |
| Accounts receivable, net | $72,465 |
| 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 | $64,622 |
| Net Land, buildings, and equipment | $9,655 |
| Investments—publicly traded securities | $2,070,524 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,624,190 |
| Accounts payable and accrued expenses | $83,414 |
| 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 | $83,414 |
| Net assets without donor restrictions | $2,457,516 |
| Net assets with donor restrictions | $83,260 |
| 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 | $2,624,190 |