Topaz Arts Inc
- Assets
- $513.2k
- Revenue
- $389.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Woodside, NY
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 13-4137551
Organization Overview
Topaz Arts Inc is located in Woodside, NY. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Topaz Arts Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Topaz Arts 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 06/2022, Topaz Arts Inc generated $389.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $149.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TOPAZ ARTS FOSTERS THE CREATIVE PROCESS, ENCOURAGING NEW WORKS OF DIVERSE ARTISTS AND PROVIDES PUBLIC PROGRAMS FOR CONTEMPORARY PERFORMING AND VISUAL ARTS. MAINTAINING A 2,500 SQ. FE. MULTIDISCIPLINARY ARTS CENTER IN WOODSIDE, QUEENS WHICH INCLUDES A DANCE REHEARSAL STUDIO AND GALLERY, TOPAZ ARTS PROVIDES AFFORDABLE SPACE, TECHNICAL SUPPORT, RESIDENCIES AND PRESENTATION OPPORTUNITIES, ENABLING ARTISTS TO REALIZE THEIR PROJECTS AND THE PROCESS SHARED WITH AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOPAZ ARTS: ARTIST SERVICES IS AN ONGOING PROGRAM WHICH SERVES THE NYC ARTIST COMMUNITY WITH AFFORDABLE SPACE FOR DANCE REHEARSALS, TECHNICAL SUPPORT, AND SHOWINGS - ENABLING ARTISTS TO REALIZE THEIR PROJECTS FOR PUBLIC PRESENTATIONS.TOPAZ ARTS' VISUAL ARTS PROGRAM HOSTS EXHIBITIONS FOCUSING ON NEW WORK BY PROFESSIONAL ARTISTS, FROM THE ESTABLISHED TO THE UNDER-RECOGNIZED, OUR PROGRAM ALLOWS FOR EXPERIMENTATION, VISIBILITY AND ACCESS TO DIVERSE AUDIENCES.TOPAZ ARTS PARTNERSHIPS PROGRAM IS A SERIES OF RESIDENCIES & PERFORMANCES ORGANIZED IN PARTNERSHIP WITH OTHER LEADING ARTS INSTITUTIONS AND ARTISTS IN PRESENTING CONTEMPORARY WORKS AND CULTIVATING INNOVATIVE NEW WORKS IN DANCE, VISUAL ARTS, LITERARY AND COLLABORATIVE ARTS.TOPAZ ARTS PRODUCTIONS EXPLORES THE COLLABORATIONS OF FOUNDING ARTISTS IN MULTIDISCIPLINARY WORKS WITH CHOREOGRAPHY AND PERFORMANCE BY PAZ TANJUAQUIO, WITH VISUAL WORKS AND MUSIC BY TODD RICHMOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Richmond President | OfficerTrustee | 40 | $37,400 |
Paz Tanjuaquio Vice President/treasurer | OfficerTrustee | 40 | $37,400 |
Michele Quinn Chairperson | Trustee | 1 | $0 |
Luis Francia Secretary | Trustee | 1 | $0 |
Natalie Stanford Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $205,974 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $377,602 |
| Total Program Service Revenue | $4,312 |
| Investment income | $90 |
| 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 | $389,946 |
| 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. | $90,614 |
| Compensation of current officers, directors, key employees. | $6,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $139 |
| Office expenses | $1,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,836 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,084 |
| Insurance | $6,405 |
| All other expenses | $1,351 |
| Total functional expenses | $149,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,316 |
| Savings and temporary cash investments | $187,665 |
| Pledges and grants receivable | $89,473 |
| 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 | $175,591 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150 |
| Total assets | $513,195 |
| Accounts payable and accrued expenses | $5,802 |
| 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 | $865,227 |
| Total liabilities | $871,029 |
| Net assets without donor restrictions | -$456,864 |
| Net assets with donor restrictions | $99,030 |
| 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 | $513,195 |