Ark Inc
- Assets
- $45.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Troy, NY
- Founding
- 12/1984
- Data as of
- 06/2021
- EIN
- 14-1650993
Organization Overview
Ark Inc is located in Troy, NY. The organization was established in 1984. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Ark Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ark 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 06/2021, Ark Inc generated $125.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $163.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE AFTER SCHOOL AND SUMMER CARE FOR PRESCHOOLERS IN TROY, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doretha Holmes Director | 40 | $45,000 | |
Arianna Bullock Director | 1 | $0 | |
Mark Menard Chairman | 2 | $0 | |
Davia Gladdy Secretary | 1 | $0 | |
Sa'dasia Wheeler Director | 1 | $0 | |
Patrick Harris Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,927 |
| Total Program Service Revenue | $2,050 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $124,977 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $119,905 |
| Professional fees and other payments to independent contractors | $7,921 |
| Occupancy, rent, utilities, and maintenance | $4,223 |
| Printing, publications, postage, and shipping | $391 |
| Other expenses | $31,347 |
| Total expenses | $163,787 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,730 |
| Other assets | $0 |
| Total assets | $45,204 |
| Total liabilities | $71,835 |
| Net assets or fund balances | -$26,631 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ark Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Seymour Fox Memorial Foundation Inc Troy, NY PURPOSE: TO SUPPORT THE ARK AFTER SCHOOL ENRICHMENT PROGRAM | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan School Of Music New York, NY | $110,734,113 | $63,876,459 |
Franklin Institute Philadelphia, PA | $191,202,786 | $32,040,912 |
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Grounds For Sculpture Inc Hamilton, NJ | $36,793,406 | $11,597,062 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |