Bowery Arts & Science Ltd
- Assets
- $1.4m
- Revenue
- $82.7k
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 13-3859496
Organization Overview
Bowery Arts & Science Ltd is located in New York, NY. The organization was established in 1996. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bowery Arts & Science Ltd 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, Bowery Arts & Science Ltd generated $82.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.6%) each year. All expenses for the organization totaled $66.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (25.9%) per year over the past 7 years. 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
ENCOURAGE COOPERATION AMONG AND ADVANCEMENT OF POETS, PERFORMERS, WRITERS, PRODUCERS, PUBLISHERS AND OTHERS ENGAGED IN ARTISTIC ACTIVITIES; TO DEVELOP AND PRODUCE WORKS BY EMERGING POETS AND PERFORMANCE ON STAGE, TELEVISION, FILM AND OTHER MEDIA; TO CONDUCT TOURS AND HOLD EXHIBITIONS; TO PROMOTE THE STUDY, IMPROVEMENT AND ADVANCEMENT OF THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARRANGE FOR GROUPS OF POETS TO GIVE PERFORMANCES/READINGS TO SCHOOLS, UNIVERSITIES, NUYORICAN CAFES & TOURING PROJECTS; TO ENCOURAGE COOPERATION AMONG AND ADVANCEMENT OF POETS, FILMMAKERS, PERFORMERS, WRITERS, PRODUCERS AND OTHERS ENGAGED IN ARTISTIC ACTIVITIES; TO DEVELOP AND PRODUCE WORKS BY EMERGING POETS AND PERFORMERS FOR PERFORMANCE ON STAGE, TELEVISION, FILM AND OTHER MEDIA; AND TO CONDUCT TOURS AND HOLD EXHIBITIONS TO PROMOTE STUDY, IMPROVEMENT AND ADVANCEMENT OF THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Holman Bd Member, F | OfficerTrustee | 2 | $0 |
Ram Devineni Board Member | Trustee | 2 | $0 |
Willard Morgan Board Member | Trustee | 2 | $0 |
Sophie Elsberg Board Member | Trustee | 2 | $0 |
Joshua Raff Bd Membr, Ch | Trustee | 2 | $0 |
Chuck Smith Secretary | Trustee | 2 | $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 | $69,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,185 |
| Total Program Service Revenue | $953 |
| Investment income | $78 |
| 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 | $82,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,000 |
| 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 | $11,216 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $469 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $2,207 |
| Insurance | $544 |
| All other expenses | $1,734 |
| Total functional expenses | $66,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,872 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,707 |
| Investments—publicly traded securities | $2,850 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,345,000 |
| Total assets | $1,361,429 |
| Accounts payable and accrued expenses | $9,500 |
| 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 | $9,500 |
| Net assets without donor restrictions | $1,351,929 |
| 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 | $1,361,429 |
Grants Awarded
Over the last fiscal year, Bowery Arts & Science Ltd has awarded $19,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: CREATE OPPORTUNITIES | $10,000 |
New York, NY PURPOSE: CREATE OPPORTUNITIES | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bowery Arts & Science Ltd has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
The Poetry Foundation Chicago, IL PURPOSE: EMERGENCY GRANT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
Mount Carmel Guild Education Newark, NJ | $2,668,838 | $6,215,422 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Consensus Building Institute Inc Cambridge, MA | $9,333,296 | $7,559,086 |
Judd Foundation New York, NY | $82,389,087 | $7,883,436 |
Guild Hall Of East Hampton Inc East Hampton, NY | $35,896,554 | $17,394,413 |
Seward Johnson Atelier Inc Hamilton, NJ | $66,063,145 | $5,452,215 |
City Lore Inc New York, NY | $1,966,661 | $4,516,520 |
New Haven International Festival Of Arts & Ideas Inc New Haven, CT | $2,354,201 | $4,042,570 |